Private Limited Company Registration
Private Limited Company is the most commonly use form of business set-up in India. Private Limited Company is mostly held by businesses wherein two or more individuals become directors and subscribe for a shareholding in the company.
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Private Limited Company enjoys a corporate form of business having separate legal entity and perpetual succession, which means that the Company remains carry on the business irrespective of Addition or resignation of the Directors. The key feature of Private Limited is it can be registered with Capital of INR 1 Lac and thereafter based upon the expansion plan or increase in business it capital can be increased later on. Liability of member of Private Limited maximum up to the shares subscribed, this gives leverage to members to limit its liability.
Private Limited is a form of a corporate company, thus it has a separate legal entity and the members able to maintain the asset and liability of business separate from their asset and liability. For Private Limited Company Registration the member needs to apply for the proposed name of the company and the Registrar of Companies will allow the name of the company. The name allotted by Registrar of Companies is unique and the member can enjoy the name title during the entire lifetime of the Company. Private Limited Company is governed by the conditions stipulated in Memorandum of Association (MoA) and Articles of Association (AoA), the members can amend the MoA and AoA based upon the business requirements. Registration of Private Limited is done online on the portal of Ministry of Corporate Affairs, Post Registration certificate of incorporation carrying unique Company Identification Number (CIN) is issued by MCA.
Private Limited Company Registration is completely online process and the registration cost of pvt ltd company is waived off by the Government. Thus, Pvt Ltd registration cost incur certain stamp duty for MoA and AoA registration and Cost of PAN and TAN. Meaning thereby that there is zero cost company registration under ease of doing business initiatives taken by Ministry of Corporate Affairs.
We at ReturnFilings.Com will understand the purpose of your proposed business and thereafter will provide you analysis of registering in Private Limited as compared to other forms of business covering almost all scenarios to carry out business effectively and efficiently. Based upon the Registration Certificate we need to obtain a PAN (Permanent Account Number) in the name of Private Limited to carry out the business. We at ReturnFilings.Com will apply for PAN on behalf of your Private Limited and thereafter provide registration under GST to carry out the trade and service activities, Obtaining Import Export Code (IEC) to carry out import or export activities, obtaining FSSAI Licence from Food Supply and Standards Authority of India to carry out merchandising in food-related activities if required depending upon case to case basis, obtaining Udyog Aadhaar under Micro Small and Medium Enterprises (MSME) to avail MSME benefits, Obtaining TAN (Tax Deduction and Collection Account Number) to ease of business transactions. Private Limited Company can also register under the start-up India scheme.
Private Limited Company Compliance are never-ending process, the rules and regulations use to change regularly; we keep a track on recent updates and notification and advice the same on a real-time basis to all concerned. Even after obtaining registration under various laws, we at ReturnFilings.Com also fulfill various compliance on your behalf to ensure proper and smooth functioning of business and to avoid unnecessary interest or penalty for non-compliance. We at ReturnFilings.Com are determinate to provide end to end solution; our motto is you concentrate on your business while we at ReturnFilings.Com will take care of all your compliance need.