Private Ltd Company:-<\/p>\n\n\n\n
Private Ltd Company\u00a0 means a corporation having a minimum paid-up share capital as could also be prescribed, and which by its articles, \u2013 (i) restricts the proper to transfer its shares (ii) except just in case of 1 Person Company, limits the amount of its members to two hundred; (iii) prohibits any invitation to the general public to subscribe for any securities.<\/p>\n\n\n\n
Characteristics of Private Limited Company<\/p>\n\n\n\n
Members\u2013 To begin an organization, a base number of 2 individuals are required and a most extreme number of 200 individuals according to the arrangements of the Companies Act, 2013.<\/p>\n\n\n\n
Limited Liability\u2013 The liability of every member or shareholder is restricted. It means if a corporation faces loss under any circumstances then its shareholders are susceptible to sell their own assets for payment. The private, individual assets of the shareholders aren\u2019t in danger.<\/p>\n\n\n\n
Going On\u2013 The lifetime of the corporate keeps on existing forever until it winds up.<\/p>\n\n\n\n
A number of directors\u2013 When it involves directors a personal company must have only two directors.<\/p>\n\n\n\n
Paid-up capital\u2013 Minimum 1 Lakh Paid up Capital requires which can be prescribed from time to time.<\/p>\n\n\n\n
Name\u2013 Private Limited Company should add Pvt Ltd in it name.<\/p>\n\n\n\n
Advantages of Private Limited Company<\/p>\n\n\n\n
Limited liability: There is a restricted responsibility, which implies the individuals from the organization are not at the danger of losing private resources. Member liable proportionate as their share in company.<\/p>\n\n\n\n
Fewer shareholders: Minimum 2 share Holders required for the private limited company.<\/p>\n\n\n\n
Ownership: This Company owned by Founder, Investor, Member so they are the owner they can sell their share to member of company only. This increase Transparency.<\/p>\n\n\n\n
Existence: Company Exist Forever until Lawfully Closed down.<\/p>\n\n\n\n
Disadvantages of Private Limited Company<\/p>\n\n\n\n
1-Despite the fact that there are numerous advantages of enrolling a private restricted organization but Compliance as per Law and Winding up is complex.<\/p>\n\n\n\n
2-It requires minimum 2 person for setting up\/incorporation treated as Director\/Shareholder.<\/p>\n\n\n\n
Documentation Requirment:-<\/p>\n\n\n\n
1.) Documents to be submitted by Directors & Shareholders (Indian Nationals\/NRI)<\/p>\n\n\n\n
Self Attested two copy of PAN Card\/Passport\/Aadhar UID.<\/p>\n\n\n\n
Self Attested two copy of Voter\u2019s ID\/Passport\/Driver\u2019s License.<\/p>\n\n\n\n
Most recent Bank Explanation\/Phone or Versatile Bill\/Power or Gas Bill.<\/p>\n\n\n\n
Passport-sized photograph.<\/p>\n\n\n\n
Specimen signature (Director only).<\/p>\n\n\n\n
2.) Office Address Proofs<\/p>\n\n\n\n
Copy of Most recent Power or Water Bill.<\/p>\n\n\n\n
Copy Notarised Tenant contract in English.<\/p>\n\n\n\n
Copy most recent Rental Receipt.<\/p>\n\n\n\n
Copy of Offer Deed\/Property Deed in English (Owned property) Copy of No-complaint Testament from land owner.<\/p>\n<\/body>","protected":false},"excerpt":{"rendered":"