Start A Private Limited Company In Delhi / Bangalore / Mumbai – Anywhere in India
If you want to start a Private Limited Company in Delhi, Pune, Bangalore or anywhere in India, then this article will guide everything you need to know to kick off. A Private Limited Company can be incorporated by following the provisions and regulations stated under the Company’s Act 2013. It enjoys a greater stability, legal identity, it is flexible and a greater combination of capital. This is supported with the diversified and different abilities of capital accumulation. The private company can be easily identified by just looking at the name, number of members it incorporates, the managements, directors etc. The number of directors who are to incorporate must be mentioned in Articles of Association. However, the private companies who enjoy its distinguished legal entity and the private companies which are the subsidiary of the other public companies is differentiated in Company’s Act.
Minimum Directors Required to Start a Private Limited Company:
The minimum number of persons required for the incorporation is 2. Whereas the maximum limit of the number of persons is 50.
How Much Time Does It Take To Start a Private Limited Company:
It usually takes 15-20 days to register a Private Limited Company through INC 29 (A single application for Reservation of Name, Incorporation of Company and Allotment of DIN), subject to ROC processing time. Venture-Care makes Private Limited Company Registration easy for you.
Minimum Requirements To Start a Private Limited Company:
- Minimum of two members is required.
- The minimum capital required to start the private limited is Rs. 100,000
- DIN of two members.
- Digital Signature for all director
- Consent either from the subscriber or director
- Address proof of the registered address
- NOC which will be provided by the owner of the property or premises
- Minimum of Director must be resident of India
Procedure to Start a Private Limited Company:
Documents Required to Start a Private Limited Company:
- Two colored photographs of all the members
- PAN card of all the associates
- Address proof of all
- If the premises is on rent or lease, the respective documents needs to be provided
- Signature on DSC form
- Signature on Affidavit for the DIN
- Signature on consent form
- Signature on subscriber sheet
Advantages of Private Limited Company
Separate Legal Entity
A company is a legal entity and a juristic person established under the Act. Therefore a company form of organization has wide legal capacity and can own property and also incur debts. The members (Shareholders/Directors) of a company have no liability to the creditors of a company for such debts.
A company has ‘perpetual succession’, that is continued or 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 but continues to be in existence irrespective of the changes in membership.
A company enjoys better avenues for borrowing of funds. It can issue debentures, secured as well as unsecured and can also accept deposits from the public, etc. Even banking and financial institutions prefer to render large financial assistance to a company rather than partnership firms or proprietary concerns
Shares of a company limited by shares are transferable by a shareholder to any other person. Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate can easily transfer shares.
A company being a juristic person, can acquire, own, enjoy and alienate, property in its own name. No shareholder can make any claim upon the property of the company so long as the company is a going concern.
Limited Liability means the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorship and partnerships, in a limited liability company the liability of the members in respect of the company’s debts is limited.
Who can help me to Start a Private Limited Company
You can choose from a list of CA in Delhi from our homepage. They can help you start a private limited company in Delhi, Pune, Bangalore or anywhere in India without any hassle. All you need to do is make a phone call, sit back and relax.