Private limited company registration services

Private Limited Company Registration Services According to Section 2 (68) of the Companies Act 2013, a private limited company in India is a “separate entity that is held privately and provides limited liability to the shareholders.” There are several other advantages and limitations of being a private entity in India.

Benefits of Pvt. Ltd. Company registration proves Private limited companies comprise the major part of the corporate world. There are several benefits of private limited company registration services in India: 

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Limited danger to personal possessions – The shareholders of private limited companies enjoy only some liabilities and it means shareholders won’t be having any personal liability. So, they are not required to pay for the liability of the company from their assets.

Lawful entity – A private limited company possesses a distinct entity and it means the company will be liable for managing its liabilities and assets, creditors, and debtors. A person will remain liable for the company’s losses.

Raising capital – Though registering a private limited company is found with many compliance needs, entrepreneurs prefer it because they can raise funds via equity and also limit liability.

Honesty – Indian companies remain registered with the ROC and details of every director are provided when the company is formed. So, a private limited company can be relied upon.

The continuation of existence – Every company has perpetual succession until it becomes dissolved legally. As a company is a separate lawful person, it remains undisturbed by any member’s death. The company continues to exist no matter whether there is any change in membership or not.

The checklist of the Pvt. Ltd. company registration       

PAN card of every director.

Either the Voter ID card or Aadhar Card needs to be presented at the time of the process.

When the property of the company is rented, then it becomes important to show the rent agreement.

Passport size photograph should be shown.

You can show either the water or electricity bill.

The NOC of the landlord.

Property papers.

Minimal needs for company registration     

There should be present two shareholders at the time of the entire process.

A minimum of two directors must be present and it is a mandatory requirement.

DPIN for every director.

One Lac Share Capital happens to be a pre-determined min. amount.

Nearly one designated partner must be a resident of India.

Private limited company registration services have huge importance as it is a wellknown kind of legal structure for every Indian business. The entire process of registering a private limited company takes 10-15 days to finish and people are needed to fill out a ten-minute questionnaire.