Private Limited Company


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Private Limited Company

Private Limited Company is a successful business type. Minimum two persons can promote a Private Limited Company. There can be minimum two and maximum two hundred members of a Private Limited Company. Perpetual succession, separate judicial entity, greater stability etc are some of the main features of a Private Limited Company. Larger businesses prefer dealing with a Private Limited Company than with a Proprietorship or a Partnership Firm.  

Process

01

Obtain DSC

Obtaining Digital Signature Certificate (DSC) is the first step towards Company Registration. It take 2 days to obtain DSC.

02

Apply for DIN

Directors Identification Number (DIN) is to be applied for all the proposed Directors of the Company. It takes 1 day to get DIN Approval.

03

Name Approval

Maximum six names can be applied in order of preference. It takes 3-4days for Name Approval subject to availability of name..

04

Incorporation

Company Registration documents are submitted to the MCA for approval in SPICe forms. PAN and TAN are also applied with application..

Private Limited Company

Separate Legal Entity : A Private Limited Company when incorporated is considered as artificial judicial person. It is a separate judicial entity. A Company can purchase its assets and borrow own funds as a separate judicial entity. The Share Holders of Company are liable for company’s debts only to the extent of shares held by them.

Perpetual Succession : Since Private Limited Company is considered as artificial judicial person, it’s existence is not dependent on resignation, death or any other kind of departure of any of its members. A Private Limited Company continues its existence unless it is legally winded up as per the provisions of Law.

Borrowing Power : Companies can borrow funds by issuing secured or unsecured debentures or by borrowing funds from Banks or financial institutions. Private Limited Companies are preferred by Banks and financial institutions lending money over Proprietorship or Partnership Firm.

Transferability : Transfer of shares of Private Limited Company can be done easily by signing share transfer forms and handing over the Share Certificates.

Ownership of Property : Being an artificial judicial person company can buy property in its name. The Private Limited Company becomes the owner of the property and share holders cannot claim this property.

Limited Liability : This is probably the most important advantage of a Private Limited Company. Share holders of a Private Limited Company are liable only to the extent of the unpaid amounts of shares held by them. Personal assets of share holders cannot be liquidated if company defaults.  

Capacity to sue and be sued : A Private Limited Company is an artificial judicial person. Just as an individual initiates legal proceedings against another person, a Private Limited Company can also initiate legal proceedings against another person or Company.

Multiple Relationships : A person can be a share holder, director, employee or creditor of a Company. There are different contracts with the same person in different capacities.

Private Limited Company

BASIC
13999
  • 2 DIN 2 DSC

  • All Government Fees

  • for Authorised Capital

  • of Rs. 1 Lakh

  • Company PAN

  • Company TAN

  • Company Incorporation Folder

  • --

  • --

  • --

  • --

STANDARD
15999
  • 2 DIN 2 DSC

  • All Government Fees

  • for Authorised Capital

  • of Rs. 1 Lakh

  • Company PAN

  • Company TAN

  • Company Incorporation Folder

  • GST Registration

  • MSME Registration

  • --

  • --

PREMIUM
19999
  • 2 DIN 2 DSC

  • All Government Fees

  • for Authorised Capital

  • of Rs. 1 Lakh

  • Company PAN

  • Company TAN

  • Company Incorporation Folder

  • GST Registration

  • MSME Registration

  • GST compliance for

  • first 3 months


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