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Private Limited Company

Private Limited Company

Private limited company is a company whose ownership is held usually by
family members, friends and relatives and are not entitled to offer their
share to public or trade in stock exchange.It is the most popular corporate
legal structure for business.

In a Private limited company there can be minimum 2 and maximum 200
shareholders .


Advantages

  • Members liabilities are limited.
  • More credibility.
  • Easy to raise funds from investors.
  • Continuity of Existence.
  • Easy Transferability

  • Disadvantages

  • Setup Cost is comparatively high.
  • Not allowed to borrow funds from public.
  • Restriction on transfer of shares without agreement.

  • Registration

  • DSC i.e Digital signature certificate is required to complete the registration online.(Link to get DSC)
  • Next DIN (Director Identification Number) is required.(Link to get DIN)
  • Company name is applied.
  • Drafting of Memorandum Of Association(MOA) and Articles Of Association(AOA).
  • Filing of e- forms with ROC (Registrar Of Companies).
  • Payment of RoC Fees and stamp duty.
  • Verification of documents submitted by RoC.
  • Issue of certificate of incorporation to start the business.
Traditional
₹ 1000
  • Unlimited Bandwidth
  • Unlimit Space
  • 100 Database
  • 1000 Email Addresses
Documents
  • ID Proof and Address Proof Of directors.
  • Passport size photo.
  • Rent agreement ,NOC from Owner with utility bills of the rented premises to be used as
    registered office.
  • In case the premises is owned then registry proof or house tax receipt.