Private Limited Registration
Private Limited Registration is the process of incorporating a privately held company under the Companies Act in India. It is one of the most popular business structures chosen by entrepreneurs due to its benefits and legal recognition.
Registering as a Private Limited Company offers several advantages. Firstly, it provides limited liability protection, separating the personal assets of the shareholders from the liabilities of the company. This means that in case of financial obligations or legal disputes, the personal assets of the shareholders are safeguarded.
Secondly, a Private Limited Company can have a minimum of two and a maximum of 200 shareholders, allowing for the infusion of additional capital and the possibility of growth and expansion. It also provides the flexibility to issue shares and attract investors for further funding.
Furthermore, a Private Limited Company enjoys perpetual succession, meaning the company continues to exist even if the shareholders change or exit the company. This provides stability and longevity to the business.
Private Limited Companies also have a higher level of credibility and trust in the market, which can attract more customers, suppliers, and business partners. It is considered a professional and reliable business structure.
The process of Private Limited Registration involves various steps, including obtaining Digital Signature Certificates (DSC), Director Identification Numbers (DIN), filing the necessary documents, and obtaining the Certificate of Incorporation.
In conclusion, Private Limited Registration is a preferred choice for entrepreneurs looking for a legal entity that offers limited liability, flexibility in shareholding, and credibility in the market. It provides a strong foundation for businesses to grow, attract investments, and establish a long-term presence in the market.
Documents required for a fresh passport:
- Bank Passbook Photo
- A voter ID card
- Aadhaar card
- Electricity bill
- Rent agreement
- Driving license
- PAN card
- Landline or postpaid mobile bill
- School leaving certificate
- Birth certificate issued by the Municipal Corporation
- Policy Bond issued by the Public Life Insurance Corporations
- Certificate from employer of reputed companies on letterhead
Income Tax assessment order