Private Limited Company
Private Limited Company registration is the most popular legal structure option for businesses in India.
A Private Limited company is a limited liability company with a minimum of two and a maximum of 200 members and offers legal protection to its shareholders.
It lies between a partnership and a public company.
It is designated as LTD where the owner’s liability is limited by the number of shares held in the enterprise.
Start-ups and growing companies prefer private limited company as it allows outside funding to be raised easily, limits the liabilities of its shareholders.
WHAT IS INCLUDED IN OUR PACKAGE?
- 2 Digital Signature
- 2 DIN (Director Identification Number)
- Drafting of Documents
- Notarization of Documents
- Stamping of Documents
- Filing of Forms
- PAN card of Company
Separate Legal Entity
A company is a legal entity and a juristic person established under the Act. Therefore a company form of organization has wide legal capacity and can own property and also incur debts. The members (Shareholders/Directors) of a company have no liability to the creditors of a company for such debts.
A company has 'perpetual succession', that is continued or uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership.
A company enjoys better avenues for borrowing of funds. It can issue debentures, secured as well as unsecured and can also accept deposits from the public, etc. Even banking and financial institutions prefer to render large financial assistance to a company rather than partnership firms or proprietary concerns.
Shares of a company limited by shares are transferable by a shareholder to any other person. Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate can easily transfer shares.
A company being a juristic person, can acquire, own, enjoy and alienate, property in its own name. No shareholder can make any claim upon the property of the company so long as the company is a going concern.
Limited Liability means the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorships and partnerships, in a limited liability company the liability of the members in respect of the company's debts is limited.
- Minimum 2 Directors
- Minimum 2 Shareholders
- Directors & Shareholders can be the same person
- At least 1 Director shall be an Indian Resident
- Directors & shareholders can be the same person