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Private Limited Company is the most preferred format of company registration by most of the entrepreneurs in India.<br>
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DoBiz India is an Online Company registration which helps you to register, form and incorporate your own company, whether a Private company or Public Company or Limited liability partnership or an OPC.
Private Limited Company is the most preferred format of company registration by most of the entrepreneurs in India. Because of the flexibility in decision making, easy access to the banks for loans and approach towards investors to raise funds without much restrictions, made Private Limited Company a most successful business structure in India. Private Limited Company Registration
PAN card copy with Self attestation. • Voter Id copy or Passport copy or Aadhar card copy or Driving license copy with self attestation. • Latest Bank account statement or Mobile /Telephone bill or Electricity Bill (not older than two months)- no need for self attestation. • Latest passport size photo in jpeg. • For the registered office proof of the company, if the property is rented/ leased, then copy or rental agreement or lease agreement. • Copy of Electricity bill or Property Tax receipt or Water Tax receipt not older than two months. • Copy of No objection certificate from the owner of the property. • If owned property, copy of Sale Deed and Electricity bill is sufficient. • In case of NRI or Foreign national, Passport copy has to be notarized at the Indian Embassy of the particular country. • Utility bill has to be provided of the particular country where the NRI or Foreign national resides and it should be notarized. Scanned copy of the following documents has to be provided by the promoters of the company Documents required for company registration
DIRECTORS A Private Limited Company required at least two members in order to register, both the members can be a Director cum Shareholder of the company. A Private Limited Company can have up to 200 person as members as per the Companies Act, 2013. In a Private Limited Company there should be minimum two(2) Directors required. To become a Director, DIN (Director Identification Number) has to be obtained. Any one of the Directors must be a Resident of India, who has stayed at least 182 days in the previous calendar year. Naming your company is the crucial part, a company name has two parts Prefix and a Suffix. Prefix must be unique and different, while Suffix should reflect the business nature of your company. To find your name availability, kindly check with Ministry of Corporate Affairs. When registering a company, should have a valid address to proof. If you are in Bangalore and you have proper address proof in Pune, then you can register your company in Pune and start your Business operations from Bangalore. This Private Limited Company registration is valid all over India and also valid for your lifetime. No need of renewal of registration is required. NAME OF YOUR COMPANY REGISTERED OFFICE PROOF MEMBERS
Advantages of Private Limited Company Registration • Private Ltd. has the Limited Liability: • It means that if the company experience financial distress because of normal business activity, the personal assets of shareholders will not be at risk of being seized by creditors. • Attract Funding: • Funding is essential for starting, maintaining, and growing a business. Today small businesses are being out-competed by larger businesses. Hence, it is essential for all businesses to grow quickly, and have the ability to attract funding from any source. Thus, a private limited company is the ideal type of business entity for growing businesses. • Improve Business Credibility: • Today customers, vendors and investors look for credibility in the businesses they deal with. In starting a private limited company, the information relating to the company, such as name of the company, date of incorporation, registered office address, status of the company, and other information are made available in a publicly searchable database. This feature makes it easy to authenticate the existence of the business, improving business credibility. • Continuity of existence: • Business not affected by the status of the owner. The best part of continuity of existence is that a company will continue to exist, no matter how many directors, officers and shareholders join or leave.
Advantages of Private Limited Company Registration • Minimum number of shareholders: • Required to start the business are only 2. Can be raised as the maximum number of shareholders allowed is 200. • Scope of expansion: • In Private Limited Company the scope of expansion is higher because easy to raise capital from financial institutions and the advantage of limited liability. • Brand Value: • Company’s brand value will get increased because people come to know about the company very well. Private Limited Companies offer reliability or trustworthiness to businesses in financial institutions, suppliers and potential clients. As it makes easier for companies to receive loans at suitable terms from convincing potential clients or banks while making and finalizing deals, these companies are trusted more than other forms of business. • Valuation: • Since the share price reflects the company’s financial healthiness it would become easy to arrive at a price in case of mergers and acquisitions. • An Exit Plan • Private limited companies offer the best type of exit strategy for all promoters. Only shares of a company can be sold or transferred in part or whole to another entity easily without any hassles, while the business remains a going concern. Therefore, starting a private limited company provides a tremendous edge in planning and executing a business exit plan.
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