Corporate Services
About Private Limited Company Registration
When a company is said to have limited liability, it means that the liabilities of its owners are limited to a number of equity contributions that have been contributed by them. A private limited company combines the benefit of limited liability without government interference. The interference is limited because the company is privately funded.
The company also has a separate legal entity. Hence, it is an artificial person with a legal personality different from that of its owners.
Also, the benefit of having private investors without government approval is present. Take advantage of these benefits and register with us as we offer registration of private limited companies.
There are certain requirement to be fulfilled to register a private limited company, and they are:
- You must have a business name
- You must have a principal address for doing business
- You must have two directors at least
- There must be at least two shareholders
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Documents Needed for Registration Process
There are certain requirement to be fulfilled to register a private limited company, and they are:
- PAN card
- Proof of address of each director (this can be achieved by providing utility bills such as water bill, mobile bill or bank statement).
- ID proof (Voter ID / Driver license/Aadhar)
- Any utility bills of the principal office of the proposed company.
Reasons for Choosing a Private Limited Company
Perpetual Succession
Perpetual succession simply means that the company can succeed the owners. The personality of the owner is separate from that of the company. Thus, unlike a partnership that ceases to exist at the death of a partner, a private company does not cease to exist at the death of a shareholder.
Limited Liability
The liabilities of the shareholder regarding the company are limited only to the amount of money unpaid on the share capital. Thus, in the case of winding up or liquidation, the shareholder’s liability does not extend beyond the share capital.
Minimum Compliance and Secrecy
A private limited company is required to comply with little government regulations. It also does not need to publish its account to the general public.
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