Private limited Company Registration

The default choice for new businesses and developing organizations as only private limited companies can raise funding.

Price starts from ₹ 5999 ₹ 8299  *(ALL INCLUSIVE)*

Timeline - 10 to 15 Working days
No Hidden Cost

Got Queries? Request a call from an Business Consultancy.

Call Now Whatsapp Now



WHAT ARE THE FEATURES OF PRIVATE LIMITED COMPANY ?

Private limited company is a perfect start for anyone who wants to start their business to give it a separate legal identity. Private limited company can be formed with ease and its procedural compliance are also easy when compared to that of a public company.

A private limited company, or LTD, is a type of privately held small business entity. This type of business entity limits owner liability to their shares, limits the number of shareholders to 50, and restricts shareholders from publicly trading shares.

WHAT ARE THE FEATURES OF PRIVATE LIMITED COMPANY ?

Members

To start a company, a minimum number of 2 members are required and a maximum number of 200 members as per the provisions of the companies act 2013.

Prospectus

The private companies need not issue prospectus or file statement in lieu of prospectus with the Registrar of Companies.

Deposits cannot be accepted

Company cannot appeal for money from the public .There are also some restrictions on the sale or transfer of its shares by the shareholders.

Fund Raising Capacity

It is the only form of business other than public limited company to raise fund from the Venture Capitalist or Angel investors. It cannot go to public like other big companies.

Protection Against Liabilities

if the company became insolvent the investment in the company would be lost but the shareholders would not be pursued for any shortfall to pay creditors unless they were proved to have acted recklessly.

Limited Liability

This is perhaps the most important feature of Private Limited Company. Imagine a scenario, where someone filed a claim against you more than your business assets. In such a case, your personal assets can also be bought and sold to pay the debt.

Number of Directors

As per the Act of 2013, a Private Limited Company needs to have at least 2 directors. Although they are not required to appoint any independent directors.

Minimum subscription

Company receives the amount which is 90% of the shares issued within a certain period of time. In case the company if the company is not able to receive 90% of the amount then they cannot commence further business.

ADVANTAGES OF PRIVATE LIMITED COMPANY

Min 2 Shareholders

A private limited company can be started off with just two members who will be the shareholders and directors.

Borrowing Capacity

Companies enjoy better avenues for borrowing of funds when compared to other forms of business such as sole proprietorship and partnership.

Business Continuity

A company enjoys perpetual existence unlike other forms of business i.e.,the company continues to exist irrespective of the status of the owner.

Minimum Capital requied

Minimum capital required to incorporate a private limited company is one lakh.

Limited Liability

Personal assets of the shareholders will not be at risk, in the event of the company facing financial distress. Liability of the shareholder is limited to the unpaid amount on his shareholdi.

Separate Legal entity

A company enjoys separate legal identity unlike partnership firms.

WE SERVE EVERYWHERE

praveenatax.com is web portal of Govche India Private Limited with operations since 2010. praveenatax.com is one stop business setup and consulting company, managed by specialized team of Business Analysts,Company Secretaries, Chartered Accountants, Corporate Lawyers and Financial Professionals company headquartered in Chennai, India. Having known for our quality of services, delivering the projects on time, we have clients spread across the globe

FREE CONSULTATION

Got Queries? Request a call from an Business Consultancy.

Get Started

INCOME TAX

We will provide income tax return preparation, Revised return, Responding to Department notices and solving other Income Tax related issues.

BUSINESS LICENSES

Our Professionals Will help you in getting your business licensesand Business
licenses necessary for smooth running of businesses.

FINANCIAL SERVICES

we will Provide Funds for both personal and Business. Our funding system gives a credit line facility, enabling you to expand your business to new heights.

GST RETURNS

We will make your business to GST Compliance. Returns are required to be filed digitally online through a common portal to be provided by GSTN.

WHAT ARE THE DOCUMENTS REQUIRED FOR FORMATION OF PVT. LTD.COMPANY REGISTRATION ONLINE?

  • PAN card and Residence Proof of directors of the company
  • Copy of Rental Agreement / EB Card Copy of Registerd Office
  • Copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
  • passport-size photograph
  • Specimen signature (blank document with signature [directors only])
  • Copy of Passport (In case of Foreign Director)

WHAT INCLUDES IN THIS PACKAGE?

  • Verification of Documents
  • DSC and DIN for 2 Directors
  • Name approval and ROC feesl
  • Drafting MOA & AOA
  • Following until Certificate is allotted
  • Applying PAN & TAN

WE SERVE EVERYWHERE

Applying DIN & DSC

DSC and DIN for all directors are required.

Name Approval

4-6 proposed names should be provided that should be unique and suggestive of company business.

MOA,AOA & AFFIDAVIT

Memorandum and Articles of Assocication should be drafted. Affidavit and declaration by first subscribers and Directors should be prepared.

Company Registered

Once the application is duly filed and accepted by ROC, certificate of incorporation is issued and the company is all set to start it’s operations.

Apply for PAN, TAN and Bank accounts

Then you need to apply for PAN and TAN. PAN and TAN are received in 7 working days. Post this, you can submit the Incorporation certificate, MOA, AOA and PAN with a bank to open your bank account.