PRIVATE LIMITED COMPANY REGISTRATION
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Your Private limited company registration is Rs 9500 at Global Licence. The private limited company shall be registered by the central government with prescribed fees and forms. Global Licence India’s largest network business service provider dedicated to help the business to start their entity at affordable cost. Global Licence provide the complete registration services at Rs 9500 inclusive of all and there is no hidden charges during or post registration. The central government may by certificate of registration and on such conditions as it deems fit; allow that person or association of persons to be registered as a private limited company. Private Limited Company: It’s a limited liability company registered all over India by the Ministry of Corporate Affairs and its regulated by the Companies Act, 2013.
Limited Liability In Protecting Personal Assets Of Directors
Mostly newly formed companies need to borrow funds and take products on credit. In case of traditional Partnership, Partners are personally liable to pay from the savings and their property would be at high risk in case the firm is not able to repay its liability. In case of a private limited company, only investment in the share capital of the business is lost, personal savings and asset of the directors cum shareholders are safe.
Minimum Requirement For Registering A Private Limited
- Minimum 2 Shareholders
- Minimum 2 Directors
- Same person can be a Director cum Shareholder.
- One of the Directors must be resident of India.
- DSC - Digital Signature Certificate – required for all directors.
- There is no minimum cap of Authorised Share Capital – can start with even Rs.5000
Private limited company is most and well known business structure. Corporate Customers, Vendors and Govt. Agencies prefer to deal with Private Limited Company instead of proprietorship or normal partnerships.
Registering a company is simple process with Shoplegal. A minimum of 2 Shareholders, Minimum 2 Directors, and minimum of Rs 2 as paid up capital. The directors are typically shareholders in their own companies.
The minimum paid up capital at the time of registration of a Private Limited Company is Rs.2/- The capital is the amount of money invested by its share holders in exchange for shares.
Investors mostly prefer to invest in Private Limited company as it is well structured and less complicated for making investment. Exiting form private limited companies is very easy.
Private limited companies are easy to transfer ownership, very less documentation and cost is involved in transferring the ownership of a private limited.
In private limited the shareholders are limited to their shares paid. Therefore, if a private limited company is in financial crises and had to close, shareholders would not risk losing their Individual assets and properties. The liability is limited only to their capital paid.