Private limited company (pvt ltd) registration
Basic requirements for Private Limited Company Registration
- A minimum of two shareholders and two directors
- Shareholders and directors can be the same person
- Foreign nationals and NRIs can also be directors as well
- It is mandatory for all directors to have DSC (Digital Signature Certificate)
- Maximum 3 directors are allowed in the form at the initial time of Incorporation
- Minimum Paid-up and Authorized capital
Note*: Once you receive the Incorporation, You can choose to have an addition and removal of directors at any point in time.
Paid-up capital: The actual amount of shares that are issued by the company to its shareholders. The capacity to issue more shares depends on the authorized capital of the company.
Authorized capital: This is the maximum amount of shares the company can issue. Approval from the shareholder and the payment of a fee to the government is required to increase the authorized capital.
- The number of members/directors required is two
- Separate legal entity
- Limited Liability
- Free and easy transferability of shares
- Brand value
- Continuity of existence
- Scope of expansion
- Foreign Direct Investment (FDI)
- Funds can be obtained easily
- Company is limited by shares
- Capacity to sue and be sued
While Registering your pvt ltd company , there are quite a few protocols that you need to follow. You need to choose the structure of your business and also decide on whether your company will be limited by shares, guarantee or an unlimited company.
Description of a Private Limited Company
Private Limited companies are those companies which are privately held by people. From local businesses to corporates, Private limited Company is one of the most preferred business entities.
Shareholders of a Private Ltd company may operate the business themselves, or hire directors to manage the company. A private limited company follows a legal Structure For Businesses.
Angel Investors, Banks, Venture Capitalists and other budgetary organizations prefer investing in a private limited company.
Do you want to set up a Private limited Company in India? Aavana is the right choice. When you choose us, you’ll surely get quality and budget-friendly business services.
The Types of Private Limited Companies
The types of companies include:
- Companies limited by shares
- Companies limited by guarantee
- Unlimited companies
Companies limited by shares: The shares of the company are owned by at least two or more shareholders or members.
A company limited by shares is a company that has the liability of its members limited to an amount that is unpaid on the shares held by them respectively. The company can enact its liabilities either on its existence or on its ending.
Companies limited by shares end with the word limited which gives us the information that this company has limited liabilities. This simply means that the liability of the shareholders is limited by the shares they hold.
All the companies that are limited by shares must be legally registered under the Companies Act 2013.
Companies limited by guarantee: It is a business structure that is viewed as a legal person and is responsible for its own debts. A company limited by guarantee has members and not shareholders.
It is a company that does not have a share capital. Such companies have a separate legal entity which means activities like buying and selling of property, employment of people, borrowing money can be carried out in the name of the company.
This structure is legally preferred for most non-profit organisations, charity societies, clubs and other similar organisations. These companies are non-profit companies because the profits are not distributed to the members but retained in the company.
Unlimited shares: A company that is unlimited by shares does not have any limit on the liability of its members. Such a type of company is a hybrid company incorporated with or without share capital. There is no limitation in the legal liability of the shareholders or members.
The liability of the shareholders for the debts of the company is unlimited. In the case of debts, there is no separation between personal and company resources of the shareholders. There is also maximum exposure to risks.
Get Access to Private Limited Company Registration all over India
In India, any business venture that needs to operate smoothly requires a Company Registration . Private Ltd Registration in India is one of the most accepted and used registrations from local businesses to corporates.
We at Aavana, have a strong presence all over India and can help you with your Pvt Ltd Company Registration.
We are headquartered in Bengaluru and provide Company Registration Services nationally and internationally.
Our trustworthy Private Company Registration experts are accessible to help all over India. The team at Aavana offers quick and easy services. We are trendsetters in the services we provide and use only the updated technology to reach clients globally.
- DSC (Digital Signature Certificate)
- DIN (Director Identification Number)
- Name Application Process
- Drafting of MOA (Memorandum of Association)
- Drafting of AOA (Articles of Association)
- Spice+ (PLUS)
- Application for PAN of the company
- Application for TAN of the company
Note*: SPICe+ would be an integrated Web form offering multiple services viz. name reservation, incorporation, DIN allotment, mandatory issue of PAN, TAN, EPFO, ESIC, Profession Tax (Maharashtra) and Opening of Bank Account. It will also facilitate allotment of GSTIN wherever so applied for by the Stakeholders.
Are you planning to register a company?
Read about a few ways through which you can Save Taxes in a Private limited Company.
Private Limited Company Registration at Affordable Rates
Aavana Corporate Solutions will also help in online private company registration. We specialize in company registration with a wide range of business entities like Private limited, One-Person Company (OPC), Limited Liability Partnership (LLP) and Public Limited Company. What’s impressing is that we offer all these services are provided at cheaper rates without compromising on the quality.
Trust our dedicated professionals to get your pvt ltd registration done on time. Get in touch with us today and get a FREE consultation!
Count on us to handle all your Accounting and Taxation services as well