Private Limited Company gives limited responsibility and legal protection to its stakeholders. It requires a minimum of two persons to register. In a Private Limited Company, a person can be both a director and a shareholder.
Section 2(68) of Companies Act, 2013 defines private companies. According to that, private companies are those companies whose articles of association restrict the transferability of shares and prevent the public at large from subscribing to them.
A Private Limited Company's (PLC) members' liability is measured as the number of shares they own. After receiving the Certificate of Incorporation, a Private Limited Company in India can start activities.
A Private Limited Company can be established with no minimum capital. But normally Authorise Capital is Rs. 1 Lakh.
A shareholder can transfer their shares in a business limited by its shares to anyone else. The transfer is simple compared to transferring a stake in a firm managed as a sole proprietorship or partnership. It is simple to transfer shares by filling out and signing a share transfer form and giving over the buyer of the shares along with the share certificate.
In case of a private limited company, the liability of every shareholder is limited. In case of any losses occur the personal assets of the shareholders are not at risk.
Private Limited company is a favourite legal structure for bank and NBFC as compare to any other legal structure like proprietorship concern or partnership firm.Therefore, Private Limited company can raise fund easily from bank and NBFC.
A company is defined as a separate legal entity and a juristic person. A juristic person is someone who isn't a human being or a natural person. As a result, a business has a legal capability, including owning property and incurring debt. A Pvt ltd corporation is a separate legal entity from its shareholders.
When a private limited company is considered, a person can act as a shareholder, director, and employee all at the same time. They are also regarded as trustworthy.
Because there is a distinction between shareholders and directors, private limited firms can easily handle equity capital. Any other structure is unlikely to attract venture capitalists and private equity firms.
If Property Owned by Directors /Shareholder
If Rented Property
Anyone Document Require from Below
Get the DSC and DIN for the Private Limited Company's proposed first Directors is the first step.
An application for a name reservation can be filed with the Registrar of Companies (ROC).
After receiving the ROC's approval, file the Private Limited company's incorporation application in the prescribed format.
If the registrar is pleased with the Private Limited company's application for incorporation, the Certificate of Incorporation is issued.
To learn more about "Private limited company registration cost," contact the "Taxdraw" professional team.
We offer a variety of company registration options, including "Indian private limited company registration."
Company having turnover Upto Rs.50Lakhs
Company having turnover Upto Rs.1 crore
Company having turnover Upto Rs. 2 crore
A Private Limited Company (PLC) is a privately held company for small businesses. A member's liability in a Private Limited Company is limited to the number of shares they own. The shares of a Private Limited Company cannot be exchanged publicly.
No. The company will be valid once it is founded until it is officially closed down by the owners—no need to renew or pay fees. Companies must, however, file elementary form at the MCA site every year.
After receiving all documents from client, the company can be registered in 5-7 days.
To register a private limited company, you'll need a minimum of 2 directors and a maximum of 15.
Yes, any foreign national, entity, or NRI can become a director or shareholder in an Indian private limited company.
No, a private limited business cannot invite the general public to invest in the company's shares.