Private Limited Company

Concept of Private Limited Company:

PRIVATE COMPANY is the most usual form of corporate entity which makes its entity separate and distinct from its members who comprises it.

For the registration of Private Company, minimum 2 directors and 2 shareholders are required. The corporate legal entity can also be the shareholder in the company. Under this roof, foreign nationals, foreign corporate entities or NRIs can also be the directors and/or the shareholders of the company with Foreign Direct Investment.

SUITABILITY:

To any type of small and medium sized business who wants:-

  1. to carry out its business operations through separate legal entity;
  2. with less initial investment;
  3. involving less number of persons;
  4. holds the ownership of the company in their own hands; and
  5. can appoint working management on their behalf;

Documents Required:

  1. Partners Documents (PAN, Address proof, 6 photos)
  2. Nature of Business in writing
  3. Six proposed Names
  4. Office address proof
  5. Rent agreement and NOC, if property is rented

Distinctive Features:-

  • No Minimum limit of Capital Contribution;
  • Limited Liability of its Members
  • Easy in Transferability of Shares
  • Easy to raise Funds;
  • Continuity in Business Existence
  • Can own the Property and contracts in its name
  • Can sue and be sued in its own name
  • Can have distinctive Ownership and Management

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