Private Limited Company Registration - We Legalize

1. Private limited company Registration

2. Private limited company If you have a great business idea and want to bring it to life. You might have come across this term "Private limited company" but what is a private limited company and why you might choose to form one? Just take a look at this. The word 'private' simply denotes that the public cannot be allowed to purchase its shares and 'Limited' denotes that liabilities of the directors and shareholders are Limited. A private limited company or LTD is basically a privately held small business entity. This type of entity limits the owner liability to their shares, Limit the number of shareholders to 50 and also limit the shareholders from publicly trading shares. The owner of the company will not be involved in this. The company is registered into the contracts by the company's official name and the company's owner is not liable to take any actions or finances. The company

3. itself is responsible for any kind of actions, Finances, and liabilities. It must have a minimum of 2 shareholders and 2 directors. 10-12 working days are needed to register a private limited company, subject to the government processing time and the client document submission. A private limited company is a type of company that offers limited liability or legal protection to the shareholders of the company but that places certain restrictions on its ownership. These restrictions are also defined in the company's regulations and bylaws and are meant to prevent any hostile takeover attempt. A private restricted organization is viewed as a standout amongst most prominent corporate element among the entire little, medium, and the extensive organization in India because of its different point of interests. Registration of private limited company is governed by the ministry of corporate affairs under the companies act, 2013 and the companies incorporation Rules, 2014. The private restricted business has many unique features i.e. ability to raise the equity funds, limited liability protection to shareholders, Separate legal entity status and the perpetual existence. This makes the firm as one of the most recommended types of business

4. entities for the small and medium-sized of businesses that are owned by the professionally managed people. A minimum paid up share capital of private limited company is one lakh rupees. So before starting the business, the owners need to invest a minimum of one lakh rupees as the capital of their own pocket. Corporations over other legal entities prefer private limited companies more. In India, 900 LLP's and 8000 Companies are registered on an average on a monthly basis. A private limited company is the most popular legal structure for business in India. It should be chosen by everyone who is establishing a corporate entity and raise funds in the future. An example of a private limited company is often local retailers such as a shop or a restaurant, that does not have a national presence. Pvt. Ltd Company is ideal for Entrepreneurs who want a separate legal entity with perpetual succession and limited liability An entrepreneur who wants to issue ESOP's (Employee stock ownership plan) to their employees 1. 2.

5. What are the restrictions imposed on the owners of a company The company's shareholders cannot sell or transfer their shares without offering them to the other ● shareholders for purchase. The number of shareholders cannot exceed 50. ● Shareholders cannot offer their shares to the general public over the stock exchange. ● There are two different kinds of a private limited company 1. Private Limited company by shares This means that the company is owned by the shareholders and the liability of each +shareholder is limited to the original value of the shares that are issued to them.

6. 2. Private Limited company by guarantee When a company is limited by guarantee, it means it has members who act as its guarantors. When a company is in trouble these members contribute an amount that was previously agreed in order to support the company. When you are setting up your business it’s a good idea to look into the future to decide where you want to be and where you wish to take your business. If you want to grow your business setting up a private limited company will be a great idea and will help you to share a load. Who can set up a private limited company? The owners of a private limited company are the shareholders and each shareholder holds a certain number of shares in the business. This means you can set up a private limited company by yourself. You would own 100% of the shares or diving the shared available shares between the shareholders. To become a shareholder

7. you must purchase one or more shares that are issued by the company and these shares are issued when you form the company with each share representing an equal percentage of the business. Additional shares can be issued after the business is incorporated. More the shares you hold, Larger the business percentage you own. Documents required for private limited company Registration PAN Of all directors 1. Voter Id / Driving License / Passport Of All Directors 2. Bank Statement Of All Directors 3. Electricity Bill Of Business Premises 4. Passport Size Photo of all Directors 5. NOC from land lord (format will be provided by us) 6.

8. Company Registration | Trademark | GST Registration - We Legalize We Legalize is a team of highly passionate and professional Chartered Accountants and legal Advisors under one roof. In the era of 2019, it has been a keen thing to start a business and become an entrepreneur in India. After working for 10 years with some very known legal consultancies Mr. Roshan Thakur found his passion in assisting keen, enthusiastic entrepreneurs with this dedication, He started a legal consultancy known as WeLegalize.com For More Visit: https://www.welegalize.com/private-limited-company.php

9. Contact Details WZ-23 A Ashok Nagar, Near Tilak Nagar Police Station New Delhi, 110018 Mobile: +91-9716073362 Email: support@welegalize.com, sales@welegalize.com