Private Limited Company

As per Section 2(68) pf the Companies Act, 2013, a Private Company means a company which by its articles (i) Restricts the right to transfer its shares. (ii) Except in case of one person company, limits the number of its members to 200 (iii) Prohibits any invitation to the public to subscribe for any securities of the Company. Where 2 or more persons hold one or more shares in a company jointly, they shall be treated as single member. Minimum of 2 members and 2 directors are required in a private limited company. It has very benefits like greater capital contribution, easy loan clearance etc. combined with limited liability, greater stability and legal entity.

Advantages

  • Ease of Formation
  • Separate Legal Entity
  • Perpetual Existence
  • Capacity to Sue & to be Sued
  • Limited Liabilities
  • Quick Decisions

Steps to come into existance

  • Apply for Digital Signature of Directors-DSC
  • Obtaining DIN ( Director Identification Number)
  • Name Approval of the proposed company
  • Preparation of MOA, AOA & other documents
  • Company Incorporation with concerned ROC
  • Allotment of PAN & TAN No.
  • Opening Bank Account
  • Start business transactions

Steps to Follow

  • Fill the query form/Call us directly
  • Fix meeting for detailed discussion
  • Submit documents
  • Get Incorporation certificate

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