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Private Limited Company

Fastest Private Limited (Pvt. Ltd) Company Registration In India

The private limited company is a widely preferred business entity in India. About 90% of companies in the country are registered as private limited companies. This structure provides a distinct legal identity with limited liability and the potential for perpetual existence, now established under the Companies Act of 2013.

OverView Of Judication

Jurisdiction: Private limited companies are regulated by the Ministry of Corporate Affairs (MCA) and are formed and registered under the Companies Act, 2013. The jurisdiction for matters related to private limited companies lies with the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT). It is important to consult a lawyer or a professional to ensure compliance with the applicable laws and regulations while setting up and operating a private limited company.

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    Requirements to establish a private limited company

    Minimum number of participants

    A minimum of two members is needed, and there is a 200-member limit.

    Name reservation

    The company’s proposed name must be distinctive and unrelated to any already-used company or trademark.

    Directors

    The minimum number of directors required by law is two, and at least one of them must be an Indian resident.

    Share capital

    Shares with fixed values should be created from the company’s share capital.

    DIN & DSC

    The business must have an Indian-registered office where all official correspondence and notices can be delivered.

    Registered office

    DIN (Director Identification Number) is a unique identification for company directors.

    Relating Differences

    .
    Private Limited company
    One Person Company
    Limited Liability Partnership
    Number of members
    2-200
    Only 1
    2-Unlimited
    Act
    Companies Act, 2013
    Companies Act, 2013
    Limited Liability Partnership Act, 2008
    Registration Requirement
    Compulsory
    Compulsory
    Compulsory
    Separate Legal Entity
    Yes
    Yes
    Yes
    Liability Protection
    Limited
    Limited
    Limited
    Statutory Audit
    Compulsory
    Compulsory
    Compulsory
    Ownership Transfer ability
    Yes
    No
    Yes
    Foreign Participation
    Allowed
    Not Allowed
    Allowed
    Tax Rates
    Moderate
    Moderate
    High
    Uninterrupted Existence
    Yes
    Yes
    Yes

    Smart Plan

    Private Limited Company Registration
    13408 /-
    • Register Your Private Limited Company at Ministry of Corporate Affaris
    • Drafting & Filing by CA/CS, Expert Advice by CA/CS
    • ESI and PF Registration
    • MCA Processing and CIN
    • Company PAN & TAN
    • MOA & AOA
    • Allotment of 2 DINs
    • GST registration
    • INC-20A Commencement of business
    • The 1st Board Resolution documentation
    • Consent letter dreafting
    • Udyam Aadhar

    Advantages of Private Limited Company

    Due to its many benefits, a private limited company is a preferred business structure in India. Following are a few benefits of a private limited company:

    • Limited Liability

      Limited liability is one of the major benefits of a private limited corporation. The extent of the shareholders' unpaid shares is the maximum amount for which they are liable. This indicates that the shareholders' individual assets are safeguarded in the event that the corporation incurs any obligations or liabilities.

    • Separate Legal Entity

      Private limited companies have a distinct legal status that separates them from their members. This means that the company can own property, enter into contracts, and engage in legal proceedings in its own name. Importantly, the debts and liabilities of the company are not the personal responsibility of its members.

    • Perpetual Existence

      Private limited companies have an ongoing life, unlike sole proprietorships and partnerships. In other words, even if the shareholders or directors change, the firm still exists. The continued existence of the business is not reliant on that of its employees.

    • Access to Funding

      Equity shares, preference shares, and debentures are just a few of the different ways that private limited firms might raise capital. Venture capitalists, angel investors, and financial institutions are frequently more willing to invest in a private limited company.

    • Transferability of Ownership

      A private limited company's shares are freely transferable as long as certain requirements outlined in the bylaws are met. This transferability offers shareholders liquidity and makes it simple to swap ownership.

    • Tax Benefits

      Under the Indian Income Tax Act, private limited corporations are eligible for a variety of tax breaks. Companies typically pay lower tax rates than individual taxpayers do. Furthermore, some costs made for business reasons can be deductible, which could help to lower the overall tax obligation.

    Required Documents

    01

    Photo

    02

    PAN Card

    03

    Registered Office Proof

    04

    Copy of Aadhaar Card

    05

    Address Proof

    06

    No Objection Certificate

    Registration of a PVT. Ltd Company Process

    "Some of the Key compliance Considerations for a Legal and Tax Services Private Limited Company in India"

    Incorporate your company under the Companies Act, 2013 and Obtain the certificate of incorporation from the Register Of Companies

    Maintain proper records of directors and shareholders , including appointment/registration and changes. updates the share register and file neccesary forms with the ROC

    Conduct regular board meetings, maintain minutes, and file neccesary board resolutions with the ROC within 30 days

    Maintain statutory registers like Register of members, Directors and Charges , updating them regularly

    Common Services

    Business
    Registration
    Trademark
    Registration
    GST
    Services
    Income Tax
    Return
    Food
    License
    IEC
    Import/ Export code
    Udyam
    Adhar
    Digital
    Signature
    Certificate
    Consumer
    Complaint
    Certificate

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    FAQ

    A Private Limited Company is a business structure that offers limited liability protection to its
    shareholders while retaining features of a separate legal entity.

    A Private Limited Company can have a minimum of two and max. of 200 shareholders.

    Yes, foreign nationals and non-residents can hold shares and become directors in an Indian Private
    Limited Company

    The advantages include limited liability protection, separate legal entity status, ability to raise funds
    through share issuance, and continuity even in case of owner changes.

    The concept of minimum authorized capital has been abolished, allowing companies to be formed
    without a specific minimum capital requirement.

    Share transfers require approval from the board of directors and are subject to restrictions mentioned
    in the company’s articles of association.

    Private Limited Companies can avail of various tax deductions and benefits based on the nature of
    their business and compliance with tax laws.

    Disclaimer :

    This website is not administered by a government entity; it is privately operated. The form below is not intended for official registration but serves the purpose of gathering information from our clients. This information is valuable for our experts to gain a deeper understanding of our clients’ needs or businesses. we charge a consultancy fee for the services we offer, which are designed to provide assistance based on your specific requirements.

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