What Is Private Limited Company
One of the most highly recommended methods for starting a business in India is to establish a private limited company, which provides its shareholders with limited liability while imposing certain ownership restrictions. When it is LLP, the partners will manage it. On the other hand, a private limited company registration allows for directors and shareholders to be separate entities. As your dependable legal advisor, Vakilsearch offers a cost-efficient service for registering your company in India. We handle all legal procedures and ensure compliance with the regulations set forth by the Ministry of Corporate Affairs (MCA). Upon successful completion of the pvt Ltd company registration process, we provide you with an Incorporation certificate (CoI), as well as PAN and TAN documents. With these in hand, you can easily establish a current bank account and commence your business operations.
Benefits of Private Limited?
Private Limited Companies offer a wealth of advantages that make them a sought-after business structure. One of the most significant benefits is limited liability, protecting the personal assets of shareholders from the company's debts and liabilities. This feature provides a strong sense of security to investors and promotes risk-taking. Private Limited Companies also enjoy a separate legal identity, making it easier to enter contracts, own assets, and engage in various business activities. They offer flexibility in terms of ownership, allowing shares to be transferred and additional shareholders to be brought in as the business grows. Moreover, Private Limited Companies have access to a wider pool of capital through share issuance, which can be crucial for expansion and investment. Tax benefits, such as lower corporate tax rates and potential deductions, further enhance the financial efficiency of this business structure. The robust regulatory framework governing Private Limited Companies promotes transparency, corporate governance, and accountability. Overall, these companies combine limited liability with growth potential, making them an ideal choice for entrepreneurs and investors alike.
Document Required
- PAN card or passport
- Rental agreement / Sale deed / NOC
- Address proof of directors - Aadhar card/ voter’s ID/ Passport/ Driving license
- Latest Bank Statement/ Telephone Bill/ Mobile Bill/ electricity bill/ gas bill
- Company Name (Minimum 3)
- Object of Company
- Shareholding of Each Director
- Passport-sized photograph
- Blank document with specimen signature.
- Education Qualification
- Birth Palace
- Mobile No & Email ID