Private Limited Company is one of the renowned legal structures for doing business in India. For Raising outside funding, private limited company registration is a best form available. The Liabilities of shareholders is limited to the extent of their shareholding and it enjoys perpetual existence. It is required to hold board meetings and file annual returns with the Ministry of Corporate Affairs (MCA), Private limited company has more benefits when compared to an limited liability partnership(LLP), One Person Company (OPC), or ordinary Partnership firm. Our goal at Proworktree is to get your company registered in Effective, Efficient and Economical way. This form of organization should have at least two directors and shareholders to initialize the process of establishing a private limited company. Proworktree provides you most effective services for Company Registration.
A company is distinct and separate from its members who may die or change without affecting its continued existence until it is wound up on the legal grounds
For the debts of the company, its creditors can sue it and not its members whose liability is limited to the unpaid amount on shares held by them or the guarantees provided by them to contribute on the winding up of the company, depending on the type of company
A company has better avenues for borrowing of funds when compared to other form of business. It can issue debentures, secured as well as unsecured and can also accept deposits from the public, etc.
Separate Legal Entity
A company can own property, have banking account, raise loans, incur liabilities and enter into contracts. Even members can contract with company, acquire right against it or incur liability to it
Documents to be submitted for Directors & Shareholders
Documents for Registered Office
*Note: The registered office can be at residence, too.
<h2″>Registration Procedure </h2″>
DSC Application & DIN Processing
In 1-2 working days DSC & DIN of Directors is registered by us upon receipt of few scanned documents from client
Company Name Approval & Incorporation
After Successfully getting DSC of director, within 6-8 days Company Name Approval & Company registration is done
PAN & TAN of the Company
PAN & TAN of your company is applied while incorporation and The PAN & TAN will be couriered to the your company registered office address within 15-20 working days
<h3″>PRIVATE LIMITED COMPANY REGISTRATION </h3″>
There are many popular legal business structures in India. Private Limited Company is the most common business structure. There is few condition for being a Private Limited, minimum 2 to 50 members can be the member of any private limited company.
Private limited company’s director has only limited liability to creditors. Bankers or Creditors can only sell Private limited company’s asset to get payback, they can’t sell personal assets of private limited company’s director.
Nowadays private limited company structure is highly preferred from startups & growing company, it helps them to collect funding or investment, limits the liabilities of its shareholder and push them to employee stock option to pull in top talent. Proworktree provides private limited company registration services across the India.
There are multiple reasons to choose private limited company:
For private limited company registration, the first step is applying for Digital signature and DPIN. For filing Digital signature is required which has been done through online and DPIN refers to director’s PIN number issued by MCA. You skip this step if you already have DSC and DPIN.
Out of 5 different name options, one name will be selected by MCA. The name should be unique and suggestive of your private limited company business.
After approval of name, one needs to draft Memorandum of association (MOA) and Associate’s article. Along with MCA and subscription statement, MOA and AOA to be filled.
2-5 days required to form a private limited company and the issuance of incorporation certificate. It includes CIN number and it is the proof of that company has been created.
5.PAN, TAN and Bank account application
Once PAN and TAN received there after you can submit the incorporation certificate, MOA, AOA, and PAN with a bank to open your bank current account.
Note: The registered office can be at residence, too.
|Business Form||Private Limited Company||Limited Liability Partnership||One Person Company||Partnership Firm||Sole Proprietorship|
|Best For||New Start-ups and developing Business||Service related professional firms||Individual promoter||Family Business||Small sole traders and manufacturers|
|Borrowing||Can Borrow easily by issuing shares||Borrowing is possible||Borrowing is possible||Hard to borrow||Hard to borrow|
|Tax Advantage||Moderate benifit||Highly benificial||Moderate benifits||Normal benifits||Normal benifits|