Private Limited Registration

WHAT IS A PRIVATE LIMITED COMPANY?

Private Limited Registration is a perfect start for anyone who wants to start their business to give it a separate legal identity. Private limited Registration company can be formed with ease and its procedural compliance are also easy when compared to that of a public company.

“Private” means that the company isn’t public, as defined by the companies act. A public registration company is one that has more than 50 shareholders, or which has decided to go for an IPO and list itself on an exchange, or such. There are specific rules that apply to public companies – director compensation limits, reporting rules, internal audit requirements etc. Private Limited Registration have none of those requirements, though they do need to report results and get audited once a year.

private limited company

FEATURES OF PRIVATE LIMITED COMPANY

Fund Raising Capacity

Its is the only form of business other than public limited company to raise fund from the venture Capitalist or Angel Investors, It cannot go to public like other big companies.

Limited Liability

This is perhaps the most important feature of Private Limited Company. Imagine a scenario, where someone fields a claim you more than your business assets. In such cases, your personal assets can also be bought and sold to pay the debt.

Members

To start private limited company minimum 2  members are required and maximum 200 as per the provision of company act 2013. Employees who have shared not count in this 200.

Prospectus

‘Private Ltd’ company cannot issue prospectus since it cannot invite the general public to purchase its shares. In case, no prospectus is issued a statement-in-lieu of the prospectus must be filed with Registrar of Companies.

Deposits cannot be accepted

Most important feature of Pvt Ltd Company. If, someone filed a claim you more than your business assets. In such cases, your personal assets can  be bought and sold to pay the debt.

Protection Against Liability

If the company become insolvent the investment in the company would be lost but the shareholders would not be pursued for any shortfall to pay creditors unless they were proves to be acted recklessly.

ADVANTAGES OF PRIVATE LIMITED COMPANY

Min 2 Shareholders

A private limited company can be started off with just two members who will be the shareholders and directors.

MOA,AOA&AFFIDAVIT

Memorandum and Articles of Association should be drafted. Affidavit and declaration by first subscribers and Directors should be prepared.

Minimum Capital Required

The minimum capital required to incorporate a private limited company is one lakh.

Company Registered

Once the application is duly filed and accepted by ROC, certificate of incorporation is issued and the company is all set to start it’s operations.

private limited company

WE SERVE EVERYWHERE

Accounting Expert is one stop business setup and consulting company, managed by a specialized team of Business Analysts, Company Secretaries, Chartered Accountants, Corporate Lawyers, and Financial Professionals company headquartered in India. Having known for our quality of services, delivering the projects on time, we have clients spread across the globe

BUSINESS LICENSES

Our Professionals Will help you in getting your business licenses and Business licenses necessary for smooth running of businesses.

GST RETURNS

We will make your business to GST Compliance. Returns are required to be filed digitally online through a common portal to be provided by GSTN

INCOME TAX

We will provide income tax return preparation, Revised return, Responding to Department notices and solving other Income Tax related issues.

FINANCIAL SERVICES

We will Provide Funds for both personal and Business. Our funding system gives a credit line facility, enabling you to expand your business to new heights.

PROCESS FOR PRIVATE LIMITED COMPANY.....

Applying DIN&DSC

DSC and DIN for all directors are required.

Fill Form 1

This is the Prescribed Registration Form for Incorporation of a firm. It should be filled and along with documents to be submitted to ROF

Name Approval

4-6 proposed names suggest for business.

Certificate of registration is issued by RoF

After verification of all Submitted documents, RoF will issue Certificate of Registration

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