Private Limited Company

 

Looking for a private limited company registration then Streamline Biz Solutions is the right choice to get your business registered. We suggest our clients to take an informed decision. Following are a few things one must know about the Pvt Ltd Company; its pros and cons.

What this article covers:

 

What is a Pvt Ltd Company: This is one of the most prevalent form of Company Registration in India. A private limited company as defined by Companies Act 2013.

PRIVATE COMPANY” means a [company having a minimum paid-up share capital as may be prescribed, and which by its articles],—

(i) restricts the right to transfer its shares;

(ii) except in 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:

Provided further that—

(A) persons who are in the employment of the company; and

(B) persons who, having been formerly in the employment of the company, were members of the company while in that employment and have continued to be members after the employment ceased,

shall not be included in the number of members; and

(iii) prohibits any invitation to the public to subscribe for any securities of the company;

Streamline Biz Solutions can get your Private Limited Company Registered in INDIA quickly & easily.

Merits:

Following are the advantages of a Pvt Limited Company:

  • Limited liability
  • Perpetual succession
  • Separate Legal Entity
  • Tax benefits
  • Easy Transferability of shares
  • Easy borrowing of funds

 

Demerits:

Following are the disadvantages of a Pvt Ltd Company:

  • Annual Compliances (ROC filings, Minutes, Statutory Register etc.)
  • Limitation of raising funds other than banks.

 

Documents required for Pvt Ltd Company Registration:

  • Pan card
  • Passport/ Driving License/ Voter id card
  • Bank Statement/ Light Bill/ MOBILE Bill

We Provide: For the ease of Company registration, we offer

  • Digital signatures for two directors with a validity of two years
  • DIN for two directors
  • Name approval letter
  • Companies MOA and AOA
  • Certificate of Incorporation
  • PAN Number
  • TAN Number

 

How to Register:

  • Application for the class two digital Signature
  • Apply for the company name application
  • Certain documents will be provided for sign on the approved name of the company
  • Preparation of MOA and AOA for the Company
  • Uploading of Spice forms along with the application for DIN, PAN , TAN, EPF, Bank Account Number
  • Getting the Certificate Of Incorporation
  • Depositing the subscribed amount into the company bank account
  • Applying for the Commencement of Business