Setting up your business in the India is straightforward. The choice of the right business structure will affect many factors starting from your business name, your liability towards your business, and also how to file your taxes and statutory dues. After taking into consideration the different types of Business Registration, If you want to incorporate a company as a separate legal entity in the India, forming a private limited company is the most popular option.
Start-ups and growing companies prefer this form of business registration because of its beneficial features like limited liability, easy fund raising and separate legal entity from its shareholders and directors.
A Private Limited Company in India can begin with operations after getting the Certificate of Incorporation. Incorporated within 5 working days if all the query fulfilled on given timeline.
If you want to start a company in India, make sure you get Online Company Registration from our experts’ help.
Benefits of Private Limited Company
Let’s me take a faster look of the benefits of Private Limited Company Registration in India.
Improves Trustworthiness
Attract Financial Support
Foreign Investment
Separate legal Entity
Easy Exit Plan
Director have Limited Liability to its creditors
If there is any default, the banks or creditors need to sell off only the company’s assets but not personal assets of Directors.
Easy Transferability
Loans can be issued in the name of the company
Tax Benefits available to Directors of Company
The company will build goodwill for its brand
With the help of company body structure, there can be a global reach
To set up a platform to deal with suppliers, industries, vendors, and customers
Eligibility Criteria for Private Limited Company Registration
1. Director and shareholders
Minimum 2 Directors and shareholders. Director can also act as shareholders of the Company.
A Company can have upto 15 Directors and 200 Shareholders as per the Companies Act, 2013.
Passport and other Documents is mandatory in case of foreign nationals’ shareholder.
At least one Director of the Company need to be resident in India.
2. Capital Requirements
There is no minimum capital requirement for Private Limited Company. However, Investment shall be made as per the requirement of the Company. Separate Registration fees and Stamp Duty is calculated based on the Capital of the Company at the time of Registering a Company.
3. Unique Name
The Company shall have a unique name which shall not be similar to the existing company registered in india and the name shall not similar to any registered or applied trademark in India.
4. Registered Office
The Company shall have registered office. However, there is mandatory requirement for a commercial space. Your residence space, owned or rented, can be your registered office. In case of rented property, NOC from landlord is mandatory.
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