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Private Limited Company

Private Limited Company

“Private Company” means a company having a minimum paid-up share capital of one lakh rupees or such higher paid-up share capital as may be prescribed, and which by its articles,

Restricts the right to transfer its shares;

Except in a case of One Person Company, limits the number of its members to two hundred: Provided that where two or more persons hold one or more shares in a company jointly, they shall, for the purposes of this clause, be treated as a single member:

  1. Separate Legal Entity:- Pvt Ltd Company has a separate legal entity through its member.
  2. Perpetual Succession:- Existence of a Company does not depend on its director or members.
  3. Limited Liabilities:- The liabilities of the member is limited to the extents of share hold by members.
  4. Share Transfer:- Shareholder can easily transfer their shares.
  5. Borrowing Capacity:- Company can avail borrowing facilities, it can issue debenture as well as accept deposit form the company.
  1. It has a lot of compliance costs.
  2. Complex reporting requirement.
  3. All Company related documents are in the public domain.
  4. Huge Penalty of non/ wrong compliances.

For Private Limited Company, there is legal registration required for Pvt. Ltd. company under the Companies Act, 2013, and its documents and compliances need to be file under www.mca.gov.in,  but on the hand, to run the business some of the registration-required depend on their business purposes.

  1. Registration under Shops & Establishments Act, and certificate issued by municipal authorities. ( Mostly Required )
  2. GST Registration ( Mostly Required), If Turnover Exceed 20, lacs in Case of Services & 40 Lacs in case of Goods Supplied.)
  3. IEC,   Import & Export Code ( For Proprietor, who involve in Import and Export Business).
  4. As other time to time registration required to depend on the scale of business etc.

All about Pvt. Ltd Company

Private Limited Company

“Private Company” means a company having a minimum paid-up share capital of one lakh rupees or such higher paid-up share capital as may be prescribed, and which by its articles,

Restricts the right to transfer its shares;

Except in a case of One Person Company, limits the number of its members to two hundred: Provided that where two or more persons hold one or more shares in a company jointly, they shall, for the purposes of this clause, be treated as a single member:

 

Benefit of Private Limited

  1. Separate Legal Entity:- Pvt Ltd Company has a separate legal entity through its member.
  2. Perpetual Succession:- Existence of a Company does not depend on its director or members.
  3. Limited Liabilities:- The liabilities of the member is limited to the extents of share hold by members.
  4. Share Transfer:- Shareholder can easily transfer their shares.
  5. Borrowing Capacity:- Company can avail borrowing facilities, it can issue debenture as well as accept deposit form the company.

Disadvantage of Pvt Ltd Company

  1. It has a lot of compliance costs.
  2. Complex reporting requirement.
  3. All Company related documents are in the public domain.
  4. Huge Penalty of non/ wrong compliances.

Basic

INR 9,999/-*

One Time Fee

  • Company Incorporation with two DSC
  • ESI/EPF
  • IEC Code
  • GST Registration
  • MSME Registration
  • Bank A/c.

Service Provide Within 7 Days

* Govt. Fee Extra Applicable

Standard

INR 19,999/-*

One Time Fee

  • Company Incorporation with 2 DSC
  • GST Registration
  • Shop & Establishment Registration
  • MSME Registration
  • Trade Mark Registration
  • Logo Design
  • Opening Bank A/c.

Service Provide Within 15 Days

*Govt Fee Extra Applicable

Premium

INR 14,999/-

Yearly Fee

  • Yearly Annual Compliances (AOC-4, MGT-7), Except Audit Services
  • Yearly GST Compliances
  • Income Tax Return

Services Provided Before the Due Date

Frequently Asked Questions

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