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PRIVATE LIMITED COMPANY

Easily register your Private Limited company with highly expert team of WellMark Assessment.
₹ 12,000/-
₹ 11,499/-  (All Inclusive)

PRIVATE LIMITED COMPANY

The Rajstartup knows all the registration processes and has served more 10,000 entrepreneurs is a trustworthy company on which you can trust and get certified in a less amount of time. We have upgraded our service mechanism and do all the processes efficiently that would not give you a problem legally and help you to scale your business securely without any obstruction.

Advantages of Private Limited Company

Less number of Liabilities

The Liabilities of the members of the Private Limited depends on the shares of the members of the Private Limited Company as the Private Limited Company (PLC) is a separate entity So the members should not have their assets for the liability payment in the firm.

Income Tax Benefits

The Private Limited Company get benefits in taxes compared to the public sector companies and can pay corporation tax and avoid the high taxes to pay.

Get Foreign Direct Investment

The public sector companies need proper licensing and legal documents but the Private Limited company can get Foreign Direct Investment and can expand business at International places.

Isolated Legal Entity

The benefits for the Private Limited Company is due to its possession of the different laws.

Simple and Easy Formation

The Private Limited Company can be formed in simple and easy ways compared to the other companies such as public sectors.

Existence benefits

Private Limited Company can exist a lifetime.

Eligibilities and Requirements for starting a Private Limited Company:-

  • The Private Limited company should have a unique trademark and a unique name that is different from the other companies.
  • Offensive names should be avoided to name a Private Limited Company.
  • If you have a unique name for your Private Limited Company then the registration of the company can be quickly and easily persisted.
  • For the initiation of the Private Limited Company, the investment should be a minimum of Rs 1 Lakh.
  • The Digital Signature is a must for the members of the Private Limited Company as it becomes easier to register for Private Limited Company.
  • The minimum two directors should exist in the Private Limited Company.
  • Also, the minimum of two shareholders is mandatory for the Private Limited Company.

Characteristics of Private Limited Company

  • The corporate tax should be paid by the Private Limited Company.
  • If the owner dies or gets changed, In this case, the company does not stop and continues its business and has never-ending existence.
  • The accommodation of a private limited company is simple and easy.
  • The suffix “pvt.ltd” should be used by the company after their company names as it represents that it is a Private Limited Company.
  • At a time, The number of 200 members should work in the Private Limited Company.

PROCESS OF Private Limited Company REGISTRATION

Free Consultation
E-Mail Documents
Make Payment Online
Get Your Certificate

DOCUMENT REQUIRED for PRIVATE LIMITED COMPANY
Identity Proof Aadhar Card Driving License Elect
Address Proof of Business Electricity Bill Rent A
Passport size Photograph
PAN Card

FEW OTHER PRIVATE LIMITED FACTS.

01
Reasons to Register a PVT. LTD ?
Private Limited Company is a legal entity and a juristic person established under the Companies Act. Hence, a company has a range of legal capacities including opening of a bank account, hiring of employees, taking on equity or obtaining licenses and more as an independent corporate entity. The members (Shareholders/Directors) of a company have no personal liability to the creditors of a company for company's debts..
02
Uninterrupted Existence ?
Private Limited Company has 'perpetual succession', meaning uninterrupted existence until it is legally dissolved. A company being a separate legal person, is unaffected by the death or other departure of any member and continues to be in existence irrespective of the changes in ownership..
03
Easy Transferability ?
Ownership of a business can be easily transferred in a company by transferring shares. The signing, filing and transfer of share transfer form and share certificates are sufficient to transfer ownership of a company. In a private limited company, the consent of other shareholders may be required to effect share transfers..
04
Borrowing Capacity ?
Private Limited Companies can raise equity funds in India. Companies can also issue equity shares, preference shares, debentures and accept deposits with RBI permission. Banks and Financial Institutions prefer to provide funding to a company rather than partnership firms or proprietary concerns..
05
Owning Property ?
Private Limited Company being an artificial person, can acquire, own, enjoy and alienate, property in its name. The property owned by a company could be machinery, building, intangible assets, land, residential property, factory, etc., No shareholder can make a claim upon the property of the company - as long as the company is a going concern..
06
Who can be a director in a company?
Any person over the age of 18 years can become a director in a company. Also, there are no conditions on residency or citizenship. Hence, NRIs and Foreign Nationals can easily start and manage a private limited company in India..

FAQ

What is meant by DIN?
The Ministry of Corporate Affairs issues the DIN ie Director Identification Number. It is the number used for identifying the Director.
The “PVT.LTD” is a suffix that represents that the company is Private Limited.
The Director of the company directs the company in the right direction based on the situation happening in the market.
The company name should be unique from other companies.

The Private Limited Company can be classified into three types and that is:-

  • Company Limited by shares.
  • Company Limited by Guarantee.
  • Unlimited Company.
The Digital Signature is a computerized generated small code that is used in the process of the contracts and in a Private Limited Company.
It is essential and important to register the company as a Private Limited Company according to the companies act 2013, as the becomes legal and get the license from the Government authority to run the business.
Basically, India Limited Company is also a Limited Company that comes under the Companies Act 2013.
The shareholders and the directors of the company have full control and authority over the Private Limited Company.
Yes, The Private Limited Company is possible to be bought by any of the people.
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