About Private Limited Company

A Private limited company is the most popular corporate structured form of business establishment in most of the countries including India. It is considered to be one of the most Suitable and Simplified form of doing business for large classes of the peoples doing economic activities having the least legal requirements. Since it has a separate legal entity in the eyes of law hence a variety of benefits are enjoyed by it such as the major feature of Limited Liability. It can easily get financial assistance by various methods including financing through Banks & also from Private lenders. The management of this entity can also make their employees to hold its shares by the way of Employee stock option scheme so that the financial and operational aspects of the company can be strengthened by such an easy way. It is governed by the provisions Companies Act, 2013.

Requirements:

•  A minimum no. of 2 members & maximum of 200 (Excluding employees and past employees having membership the Company)
• Minimum 2 directors required and a maximum of 15 directors, this limit of maximum directors can be removed by passing necessary resolutions in the meetings of company.
• DSC (Digital Signature Certificate) is required.
• DIN (Director Identification Number) is required in favor of the directors.

Documents for Company Registration:

• PAN card details of all the directors and shareholders.
• Address Proof such as Aadhar Card/ Driving Licenses/ Voter card, of all the directors and shareholders.
• Passport size photograph of directors.
• A Copy of Rent agreement & No Objection Certificate from the landlord of the business place if the business premises are rented or leased in Favor the Company.
• Other utility bills such as telephone, water, gas, or electricity bill as residential proof of the registered office. It should not be older than 2 months.

Additions in our services for Company Registration:

• DIN for 2 Directors.
• Certificate of Incorporation
• Memorandum of Association
• Articles of Association
• Digital Signature For 2 Directors
• Statutory Fees.
• PAN Card & TAN no.
• All other Consultancies regarding that.

You may contact the author for further information at +91 9210074720 or rkadvisor@gissrtax.com

Disclaimer: The above article is only for information purpose and is on based on the author’s interpretation of the relevant provision. The same should not be considered as professional advice.