Overview


    Private Limited Company is a most favorable business in the Indian Market and it is governed by the Ministry of Corporate Affairs (MCA) under Companies Act, 2013. Private Limited Company is a Company having the word "Pvt. Ltd." at the end of its business name.

    Private Limited Company can be started with at least 2 Persons, who can be Directors & Shareholders of the Company. However, Directors & Shareholders can be different persons, let us understand with a given example---

    Mr X and Mr Y wants to start a Company and out of whom Mr X does not want to become a Director but want to take a shareholding of 50% in the Company and wants to appoint a director to Mr. Z, not having any shareholding and Mr Y wants to become a Director and also wants to take a shareholding of Company of 50%.

    Here in above example Mr X is only a Shareholder of 50 %, Mr. Z is a Director(without shareholding, which means he is only a Director, not a Shareholder in the Company) and Mr Z is a Director and Shareholder with 50 % of Company.
    Therefore, a person in a Company can only be a director or can only be a shareholder of Company

    VAKIL KARO has the dedicated team and helps you to start your Partnership Firm. Just fill our inquiry form and get start your registration work soon.

     

    ADVANTAGES

    1. Two or More Persons are better than Single – Private limited company has two or more directors buy limited to 15, therefore burden of management is distributed among them and resulting business grows accordingly.

     

    1.  More Capital is available to do the business –Private Limited registered with at least 2 members and maximum number of members can be up to 200 and when we think about the expansion of our business, capital plays a bigger role, under private limited business can be registered with its Authorized Capital which should be divided in to shares to take the money form the members.

     

    1. Easy to Convert in to other legal entities – Private limited has the option to convert any time under any legal entities like One Person Company, Limited Liability Partnership, Limited Company etc.

     

    1. More Skills of Directors comparatively Single – Private Limited has the more skills and ideas comparatively sole proprietorship firm due to multiple directors or members.

     

    1. Special Legal Status – Private limited has the special legal status as it is registered under the Ministry of Corporate Affairs (MCA) and having special registration certificate, having separate PAN, TAN etc. in the name of private limited unlike under sole proprietorship firm.

     

    DISADVANTAGES

    1. Unlimited Liability – Like Private Limited Company or Limited Liability Partnership firm, Partnership firm has the unlimited liability, which means, in the event of loss in business, personal assets of partners may affect for the payment of creditors of business.
    2. Not eligible for Start-up India Registration – Partnership firm is not eligible for Strat-up India Registration, which means Investors approach or fund- raising options are limited.
    3. No Tax Relaxation – Partnership firm is not eligible for the Tax relaxation under Strat-up India scheme and consequently it has to bear Tax rate @ 30 % on the net profit.

     


Package Include

  • MOA (Memorandum of Association)
  • AOA (Articles of Association)
  • GST Certificate
  • Certificate of Incorporation
  • PAN of Company
  • TAN of Company
  • DIN of Directors
  • Digital Signatures
  • ESI & EPF
  • Bank Account Opening
  • Customized Master Data File

Advantages

  • Two or More Persons are better than Single
  • More Capital is available to do the business
  • Easy to Convert in to other legal entities
  • More Skills of Directors comparatively Single
  • Special Legal Status
  • Investor Approach & Trustworthy
  • Limited Liability (means personal property of owner will not affect, if losses occurred in business)

Procedure

    Not Available

Document Required

  • KYC of at least 2 Persons (Aadhaar, PAN, Photo, Mobile No., Email ID, Bank Statement)
  • Company Name
  • Company Office Address Proof ( Rent Agreement/Property Papers with electricity bill)

Time Taken

Video Tutorial

FAQ'S