EazyBahi Solutions

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Private Limited Company

Get your Private Limited Company registered along with name approval, PAN, TAN, GST, PF and ESI registration

    private limited company

    Private Limited Company

    A private limited is a company which is run by a small group of peaople. The shares of a private limited company cannot be traded publically. The shareholders are the owners of the company and the key managerial decisions are taken by the board of directors. It is a body corporate having separate legal entity. It has perpetual succession which means that the company continues to exist even after the death of all its members.

    The minimum number of members required to start a private company is 2 and the maximum is 200. The liability of ach member is limited to the extent of shares held by them. The minimum number of directors is also 2.

    Advantages of a private limited company:

    • Ownership and decision making powers lies in the hands of a few who are usually the founders, management or private investors.
    • Lesser disclosure requirements as compared to a public company
    • Confidentiality of information maintained
    • No pressure from the stock market to increase their shareholder’s wealth
    • Least interference by SEBI and other Government bodies in the day to day operations
    • Founders have liberty to run their business the way they wish, focussing on long range or short range plans, whichever suits them
    • No need to maintain the minimum amount of share capital as required in case of public companies
    • Lesser legal formalities as compared with that of a public company

    Limitations of a private limited company:

    • Need to get itself registered at mca
    • Corporate formalities and reuirement to file e-forms at regular intervals

    Steps for Registration of a Private Limited Company:

    1. Aquire Digital Signature Certificate for every director
    2. Apply for DIN
    3. Reserve a suitable name for the proposed company
    4. File e-MOA and e-AOA at the mca portal to register a new company with the approved name
    5. Apply for a PAN and TAN of the company
    6. After incorporation Certificate is issued, open a current bank account in the name of the company and also apply for Certificate of Commencement of business.

    Documents required for registration:

    1. PAN Card of directors and shareholders. Passport in case of foreign nationals.
    2. Identity proof of directors and shareholders.
    3. Directors Address Proof.
    4. Passport size photograph of directors.
    5. Business’ Address Proof.
    6. NOC from owner of property.
    7. Rent agreement between the owner and the company to be formed.
    8. In case of Foreign Nationals or NRIs every document of the director must be notarized or apostilled.