A private limited company is a privately held independent venture element, where the proprietor's risk is restricted to their offers, the firm is limited for having 50 or less financial specialists, and offers are denied from being exchanged on an open market.
In India, Private Limited Company is condensed as Pvt. Ltd. \"Limited shares\" infers that the danger of the financial specialists, investo of the association is compelled to the capital at first contributed.
The private limited company registration process is completely online, so you don't even need to leave your home to get your entity registered within 14 working days. At HBF direct, we are continuously available to help you understand how to register a private limited company.
A Private limited company is the most popular corporate entity among small, medium and large businesses in India due to various advantages.
1. Ideal for Startups & Growing Business
2. Easy to Get Funding, Raise Venture Capital Fund
3. Has Limited Liability
4. Tax Advantage As everyone wants to minimize his tax burden thus company as per the income tax act 1961 has another main benefit of incorporation towards taxation. Private Limited Companies enjoy tax advantages added on to the limited liability wherein the companies pay corporation tax on their taxable profit and tend to get excused from higher personal income tax rates. Instead of being a sole trader forming of a company leads to an increase in tax deduction and allowances redeemable against profits.
Private Limited Companies are the most preferred option for any startup that is looking at scaling up by external funding as it is very easy in Private Limited Company to issue fresh equity shares in lieu of funding received.
Receiving Documents & Apply, DIN & DSC 1-2 Days
Drafting MOA and AOA electronically in Spice MOA (INC-33) and Spice AOA (INC-34) 3-5 Days
Submission of Spice Form INC-32 along with link Form Spice MOA (INC-33) and Spice AOA (INC-34) 6 to 9 Days
Certificate Of Incorporation, PAN & TAN 10 to 12 Days
The limit in this kind of company incorporation is minimum two members and maximum two hundred.
There is no minimum limit on the capital requirement.
It takes around 5 to 8 days to setup a Private Limited Company. The time to be consumed generally depends on the submission of necessary documents to respective authority and obtaining government approvals. It is suggested to pick a unique company name and furnish all required documents for speedy processing of application.
Minimum no. of directors is two and maximum are fifteen.
A Private Limited Company can choose to attain, own, enjoy and isolate property in its own name. No shareholders are eligible to make any claim upon the property of the company as long as the company is a running entity.