Private Limited Company Registration - PowerPoint PPT Presentation
Title:
Private Limited Company Registration
Description:
Private Limited Companies are those types of companies where a minimum number of two members are required and can have a maximum of fifty members. – PowerPoint PPT presentation
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Title: Private Limited Company Registration
1
Private Limited Company Registration
- Starting registering is business is an
important step in an entrepreneurs journey.
Choosing the right form of business is equally
important. Here well guide you on Private
limited company registration - what is an Private
limited, why should you go for an Private
limited, the registration process, documentation
and requirements.
2
What exactly is a Private limited company?
- A private limited company is a type of company
which has shares held by directors or founders.
There shares cannot be sold in a open market as
in case of Public limited company. The directors
or share holders in a pvt ltd company have
limited liability. - In simpler terms, you need 2 or more than 2
directors to start a private limited company.
Also, the directors are not liable to pay for the
company debts or creditors from their personal
assets. This is a big advantage over normal
partnership firm where partners personal assets
like home car can sold to repay firm debts. - Limited liability advantage is also provided by
LLP. But the key reason why entrepreneurs choose
private limited is because VCs / Investors prefer
Pvt limited over LLPs
3
Why should you go for an Private Limited ?
- There are multiple reasons to choose private
limited company - Preferred by banks, VCs investors.
- Easy to allocate and re-distribute shares to
investors or other directors. - Limits your liability. All of the risks of the
business are spread out. - Easy to register, manage run.
- Easy to dissolve or wind-up.
4
Concerns related to Private Limited Company?
- Pvt. Ltd requires few more ROC compliances
translating into a additional cost of 5K to 10K/
annum. - Minimum capital required is Rs. 100,000
- Still entrepreneurs prefer private limited for
the ease in share transfer and potential for
future growth.
5
Private Limited Company Registration Process?
- First of all the partners have to apply for
Digital signature and DPIN . - After that, you have to register for name
approval. Name for the company should be unique
otherwise the application would be rejected. - After that you have to file for subscription
statement and incorporation document. - Apply for PAN and TAN
- At the end you have to prepare a Private limited
agreement and file with MCA - It typically takes 15- 25 days to form an Private
limited.
6
Documents Required for Private Limited Company
Registration.
- You will need basic set of documents to apply for
LLP. This includes - PAN Card copy of Partners
- Copy of Aadhaar Card or Voter identity card
- Passport size photograph of partners
- Property papers copy (If owned property)
- Rent agreement copy Landlord NOC(If rented
property) - Electricity/ water bill of business place
7
Requirements for Private Limited Company
Registration
- Minimum 2 Directors
- Minimum Capital Requirement of Rs. 100,000
- At least one Indian Resident as Designated
Director - DPIN for all Partners
8
How to register your Private Limited Company
using LegalRaasta?
- We at LegalRaasta have helped over thousand
companies in Private limited registration. To get
your Private limited done from us, you can - Go to our website www.legalraasta.com and select
LLP registration. - Fill our online questionnaire.
- Select your package. You can choose for
additional services like trademark and salestax
registration and pay accordingly. - We will take care of the rest.
- Hope this was helpful. Thanks
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