Private Limited Company

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    Company Registration In Udaipur

    One of the most popular ways to register a Company in Udaipur, whether it’s small, medium, or large, is by forming a private limited company. Private Limited Company registration in Udaipur is especially popular among new businesses and those aiming for significant growth. A private company Company Registration must have at least two active members and can have up to 50 members. The minimum required paid-up capital is Re. 1 or a higher amount if specified. It also limits members from freely transferring their shares.

    A private Limited company does not invite the public to buy its shares. The name of the company must include the words “Private Limited.” Private Limited company Registration in Udaipur has several benefits, such as the ability to enter contracts in its own name, freedom from public or government interference, no requirement to publish a prospectus, and a separate legal identity from its members. Additionally, a private company can take advantage of benefits offered under the Indian government’s Startup India Scheme.

    Now a Private limited Company can be registered with Companyregistrations.co.in

    Many start-ups and companies consider this form of a business entity as it permits capital funding to be raised easily; it also limits the liability protection to its shareholders and enables them to offer employee stock options to motivate their employees. Availability through a bank loan, equity or debt funding makes a private limited company the most recommended legal structure of many small and medium-sized business entities that are family-owned or professionally run in India

    Checklist For Private Limited Company Registration

    Minimum 2 Directors

    Minimum 2 Shareholders.

    Unique Company Name.

    1 Indian Director.

    Office Address for Company Registration.

    Director Digital Signature

    Director DIN Number

    Documents Required For
    Private Limited Company Registration

    Identity Proof of Directors & Shareholders

    Pan Card

    Copy of Pan Card of Directors (Mandatory).

    Photograph

    Passport Size of Photograph of Directors.

    Identity Proof

    Voter id card or Driving License or Passport.

    Address Proof of Directors and Shareholders

    Any one of

    Bank Statementor Electricity Bill or Mobile Bill (not older than 2 months).

    Proof of Registered office

    Receipts (any one)

    Conveyance/ Lease deed/Rent Agreement etc. along with rent receipts (any one).

    Copy of the utility bills

    Telephone/Gas/Electricity bill (not older than two months) (any one).

    NOC

    NOC from Landlord

    Benefits of Private Limited Company Registration

    Limited Liability

    Limited Liability is the first among the many benefits of private limited companies. Unlike proprietorships, and partnerships, private limited companies exist as separate legal entities from their shareholders. Neither do the shareholders pocket all the gains nor are they liable for all the losses of the company.

    Preferred by banks and Financial Institutions

    Private Limited companies are entities that require mandatory registration with the Registrar of Companies under the Ministry of Corporate Affairs. The process of registration is primarily governed by the Companies Act 2013 and the Company Incorporation Rules 2014, along with several other provisions mentioned in statutes like the Trademark Act, Names and Emblems Act, Income Tax Act, GST Act, EPF Act, ESIC Act, Shops and Establishment Act, Contracts Act, SEBI Act, etc.

    Easy to incorporate

    The introduction of the SPICe+ application has made the process of company registration completely online. SPICe+ / INC 29 is an online application for the registration of a company and 10 additional services from the Ministries of Finance, Labour, and Corporate Affairs. These include applications for DIN, PAN, TAN, registrations under GST, PT, EPF, ESIC, and Shops & Establishment Act, and opening a current bank account for the company.

    No minimum and maximum capital requirement

    The Indian government has changed the minimum capital requirement for private limited companies, from 1 lakhs to nil. This means that a business can register itself as a private limited company with no authorized capital as well.

    Power to sue

    As legally incorporated entities, private limited companies can sue third parties in a court of law to resolve disputes over a slew of matters. All documents including contracts, agreements, and memorandums agreed by the company, shall be admissible in a court of law.

    Deliverables For Company
    Registration

    Company Name Approval

    Company MOA

    Company AOA

    Company Pan Card

    Company Tan card

    Director DIN No

    Director DSC

    Certificate of Incorporation

    PF and ESI No

    Private Limited Company Registration in
    4 Easy Steps

    Step 01
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    Step 03
    Step 04