PRIVATE LIMITED COMPANY

 

Private Limited Company has been most sought after business form of doing the business in India in Corporate Form. The Private Limited Company can be started with the participation of two or more person as director and shareholders. The compliance work in the case of Private Limited Company is more as compared to Limited Liability Partnership or One Person Company as the decisions of such corporate entity is taken through Board / General Body meeting representing the shareholder & other stakeholders authorized representation. However, its compliances and reporting and disclosures requirements are lesser as compared to Public Limited Company.

 

Documents Required

  1. Directors Identification Number
  2. Digital Signature Certificate of the Proposed Director(s)
  3. Application for Name Approval
  4. Incorporation Documents along with Proof for Proposed Place of Business
  5. MOA / AOA of the company
  6. PAN Card of Private Limited Company
  7. Statutory Registration e.g. MSME/GST/TAN etc.
  8. Open a Current Account in the name of the company

 

 

Advantages

  1. Most of the commonly acceptable form of business entity accepted by Investors and Other stakeholders.
  2. Less compliance as compared to Public Limited Company.

 

Disadvantages

  1. The Private Company cannot invite the Public at Large to invest in the company unlike in case of Public Limited Company.
  2. There is always a restriction on transfer of shares in the case of Private Limited Company.

 

Best Fit For:-

  1. The Entrepreneurs who would like to raise funds from Friends, Relatives etc. and intends in the form of equity share capital and intends to allot the shares against it.

 

 

LEGALLANDS LLP consistently endeavours to get together the necessities and prerequisites of its customers and demonstrate to be a beneficiary aid as and at whatever point required. To bring more subtleties on same, contact our client assistance official today at connect@legallands.com

 

Disclaimer

 

As per the rules of the Bar Council of India, we are not permitted to solicit work and advertise. By clicking “I agree” below, you acknowledge the following:

 

  • There has been no advertisement, personal communication, solicitation, invitation or inducement of any sort whatsoever from us or any of our members to solicit any work through this website;

  • The user wishes to gain more information about us for his/her own information and use;

  • The information about us is provided to the user only on his/her specific request and any information obtained or materials downloaded from this website is completely at the user’s volition and any transmission, receipt or use of this site would not create any lawyer-client relationship.

The information provided under this website is solely available at your request for informational purposes only, should not be interpreted as soliciting or advertisement. We are not liable for any consequence of any action taken by the user relying on material/information provided under this website. In cases where the user has any legal issues, he/she in all cases must seek independent legal advice.