Friday, 11 May 2018

How to Register a Private Limited Company




Private Limited Company is one of the best suitable business structure for a business with small investment. The requirement is minimum two share holders with minimum authorised share capital of Rs.1,00,000/- .




Why to go for Private Limited?
1. Limited Liability: 
2. Legal Entity
3. Business credibility
4. Attract Funding






We had seen the advantages and beneficial in Pvt ltd. Now we will see the Characteristics of it.
1. Minimum of Two Share holders are required to form a Company
2. Maximum of 200 share holders can be there
3. The paid up capital required to form a company is minimum of Rs.1,00,000/-
4. The name of the company should be unique and sufixed by business description Eg. Sudan EXPORTES Pvt. Ltd. or Axiom LOCKS Pvt. Ltd.
5. The share of the company cannot be sold in open market
6. The liability of the share holder is limited on his shares.

Stages for filing a Private Limited Company in India:
1. Filing a DIN Number and Digital Signature:
2. Company Name approval
3. MOA & AOA Drafting

Documents required for filing a Private Limited Company are as follows:
1. Address Proof of both the Directors
2. ID Proof of both the Directors
3. PAN Card of both the Directors
4. Photo of both the Directors
5. Address proof of the Company
6. EB Card of the property

How to Choose a name for the company
The name of the company is divided into TWO Parts. The first part of the company should be Unique word; The second part should Describe the business activity that is listed in the object of the company. 
Eg. Axiom Exporters Private Limited (Axiom is a unique word & Exporters represents the business activity)

Time duration
The time duration required for firming a Private Limited Company shall be 10 to 15 working days.

After Formation Compliance:
1. Obtain a PAN Card for the company.
2. GST
3. Other licenses as applicable, depending upon the nature of the business activity. 

A.Arivazhagan
Advocate
Call: 9941993399
http://www.leintelligensia.com/

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