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SearchPrivate company:
Defined u/s 2(68) of the CA, 2013 –
A private company means a company which by its articles—
- Restricts the right to transfer its shares;
- Limits the number of its members to 200 hundred (except in case of OPC)
As per section 2(20) of the Company Act, 2013 “company” means a company incorporated under this Act or under any previous company law.
Commonly a company may be defined as “an incorporated association which is an artificial person, having a separate legal entity, with a perpetual succession, a common seal (if any), and a common capital compromised of transferable shares and limited liability.”
Benefits of Private Limited Company:
- There is a Limited risk to personal assets in Private Limited Company.
- Pvt. Ltd. Co. is a Separate Legal Entity.
- In the Private Limited Company there would Limited Liability for members.
- Shares of a company limited by shares are transferable by a shareholder to any other person. The transfer is easy as compared to the transfer of interest in business run as a proprietary concern or a partnership.
- For a private company, the earlier minimum number of the share capital was Rs. 1,00,000, but now there is no such minimum capital compulsion. Therefore there is no pressure of fund requirements.
- It is easy to fetch funding in a private limited company by transferring of shares.
₹ 6000
- DIN for 2 Director
- MOA + AOA
- Bank Account Opening Document Support
- Incorporation Certificate
- Company PAN Card & Company Name Approval
- Company TAN/TDS Number
₹ 12500
- DIN for 2 Director
- MOA + AOA
- Bank Account Opening Document Support
- Incorporation Certificate
- Company PAN Card
- Company Name Approval
- Company TAN/TDS Number
- GST Registration & GST Filling for 3 Months
₹ 20000
- DIN for 2 Director
- MOA + AOA
- Bank Account Opening Document Support
- Incorporation Certificate
- Company PAN Card
- Company Name Approval
- Company TAN/TDS Number
- GST Registration & GST Filling for 1 year
- Start-up India Registration
- TDS Filling for 1 year
Following are the mandatory documents to be submitted by the company’s Directors and shareholders (Indian nationals)
Scanned copies of:
- PAN
- Govt ID proof - Voters’ ID or passport or driver’s license
- Bank statement
- Utility bills either mobile or gas or electricity
- Passport size photograph
- Specimen signature - Director’s signature on a blank document
- Digital Signature of each Director Required
Note: Any one of the directors should self-attest the first three documents.
Following are the mandatory documents to be submitted by the company’s Directors and shareholders (NRIs)
Scanned copies of:
- PAN
- ID proofs like Voter ID/passport or driver’s license
- Latest bank statement
- Latest utility bills like telephone, mobile or electricity
- Passport size photograph
- Specimen signature (blank document with the signature [directors only])
Scanned copies of:
- PAN
- ID proofs like Voter ID/passport or driver’s license
- Latest bank statement
- Latest utility bills like telephone, mobile or electricity
- Passport size photograph
- Specimen signature (blank document with the signature [directors only])
Note: All the documents should be notarized (if NRI is currently in India or in a Commonwealth country). All the documents should be notarized and apostille or attested by the Indian embassy (if in a Non-Commonwealth Country).
Proofs for office address
Scanned copies of:
- Latest water bill or electricity bill
- Notarized rental agreement with NOC
- Receipt of the latest rent
- In case of owned property - Sale deed or property deed
- NoC from the property owner