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Private Limited Company Registration

Private Limited Company Registration

Private limited companies are the most popular type of business structure in India. They are relatively easy to form and manage, and they offer a number of advantages, such as limited liability, perpetual succession, and ease of raising capital.

One of the key benefits of a private limited company is that the shareholders have limited liability. This means that their personal assets cannot be seized to pay off the company’s debts. This is a significant advantage over other types of business structures, such as sole proprietorships and partnerships, where the owners are personally liable for the debts of the business.

Here is a summary of the key points

There are several benefits to registering a private limited company in India, including:

  • Limited liability: The shareholders of a private limited company are not personally liable for the debts of the company. This means that their personal assets cannot be seized to pay off the company’s debts.
  • Perpetual succession: A private limited company has a perpetual existence, meaning that it does not cease to exist on the death or retirement of a shareholder or director.
  • Employee attraction: A private limited company is a more attractive proposition for employees than a proprietorship or partnership firm. This is because employees of a private limited company can enjoy benefits such as employee stock ownership plans (ESOPs) and health insurance.
  • Director dual role: The directors of a private limited company can also be shareholders of the company. This allows them to have more control over the company’s operations.
  • Ease of raising capital: Private limited companies can raise capital from banks, venture capitalists, and angel investors more easily than other types of businesses.

Document Needed

The following documents are required for private limited company incorporation:

  • Copy of PAN Card of all Promoters and Shareholders
  • Copy of Aadhaar Card / Voter ID / Passport of all Promoters and Shareholders
  • Passport Size Photo Graph of all Promoters and Shareholders
  • Latest Bank Statement / Utility Bill of all Promoters and Shareholders
  • Registered Office address of the Company along with Address proof (Electricity Bill/Telephone bill/gas bill/mobile bill not older than 2 months)
  • Rent Agreement from the Property Owner
  • No Objection Certificate from the Owner