Private Limited Company
Package Start From Just 11999/- INR
( 2 DIN | 2 DSC | Name Approval |MOA | AOA | PAN |TAN)
+ Freebies ( MSME Registration Online + Invoice templates)
Let's Start StartUp with Private Limited Company in India
Features of Private Limited Company:-
Members– To start a company, a minimum number of 2 members are required and a maximum number of 200 members as per the provisions of the companies act 2013.
Limited Liability– The liability of each member or shareholders is limited. It means that if a company faces loss under any circumstances then its shareholders are liable to sell their own assets for payment. The personal, individual assets of the shareholders are not at risk.
Perpetual succession– The company keeps on existing in the eyes of law even in the case of death, insolvency, the bankruptcy of any of its members. This leads to the perpetual succession of the company. The life of the company keeps on existing forever.
Index of members– A private company has a privilege over the public company as they don’t have to keep an index of its members whereas the public company is required to maintain an index of its members.
A number of directors– When it comes to directors a private company needs to have only two directors. With the existence of 2 directors, a private company can come into operations.
Paid up capital– It must have a minimum paid-up capital of Rs 1 lakh or such higher amount which may be prescribed from time to time.
Prospectus– Prospectus is a detailed statement of the company affairs which is issued by a company for its public. However, in the case of a ?private limited company, there is no such need to issue a prospectus because in this public is not invited to subscribe for the shares of the company
Minimum subscription– It is the amount received by the company which is 90% of the shares issued within a certain period of time. If the company is not able to receive 90% of the amount then they cannot commence further business. In the case of a private limited company, shares can be allotted to the public without receiving the minimum subscription.
Name– It is mandatory for all the private companies to use the word private limited after its name.
Disadvantages of Private Limited Company:-
Statutory Compliance are high.
High Setup Cost as Compare to Others.
Involvement of other Directors in Decision Makings.
Restricted to transfer of the shares to others without agreements.
Not allow invite to public for deposits.
if any private limited company doesn’t follow any of the specified rule mentioned characteristics, it ceases to be a private company.
Procedure and Steps Taken for Register a Private Limited Company:-
Step 1. Application for Director Identification Number (DIN) in form DIR-3 & DSC (Digital Signature Certificate).
Step 2. Search for the Company Name availability.
Step 3. Application for the Name availability.
Step 4. Drafting of Memorandum of Association (MOA) & Articles of Association ?(AOA).?
Step 5. Filing of e-forms with RoC (Registrar of Companies).
Step 6. Payment of RoC Fees & Stamp Duty.
Step 7. Verification of documents / forms by RoC
Step 8. Issue of Certificate of Incorporation by RoC
Documents Requirements for Private Limited Company Registration -
1. ID Proof PAN Card is Mandatory of all Directors.
2. Aadhar Card | Voter Id | Passport | Driving License anyone of all Directors. Registered office address proof (Only for Communication Purpose) Latest utility bill (Electric bill/Telephone bill/Gas Bill) or latest tax receipt/ownership deep of the property to be used for registered office.
How Our Portal Works? (Step by Step Procedure)
1 ) Upload Your Document
2 ) Make Advance Payment (Half)
3 ) We will procure your DSC & DIN for the solo Directors (1 Day Process)
4 ) We will apply for your Proposed Company's Name Approval (4-5 Days' Process)
5 ) We will send you a set of document for Director's and Nominee's Signature (1-2 Days' Process)
6 ) Make Balance Payment (Half)
7 ) We will upload your documents for the final registration of the Company (4-5 Days' Process)
8 ) We will send you the Incorporation certificate, MOA, AOA, PAN & TAN Acknowledgement Reciept next day of Incorporation