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Below, we discuss about the Private Limited Company Registration in India
The above mentioned professional fees is for 2 members with Authorised Share Capital of Rs 1,00,000.
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In India, a private limited company (PVT LTD) is the most common and preferred business structure recognized under the Companies Act 2013. The primary objective of a pvt ltd co is to limit the personal liability of its owners. This means that the shareholders are only liable for the amount they have invested in the company and are not personally responsible for its debts or obligations.
The benefits of a private limited company like limited liability protection, ease of formation and maintenance, and its status as a distinct legal entity make it the most favoured choice of business structure in India.
The following individuals or entities shall apply for registration of a Private Limited Company in India:
Entrepreneurs or Startups
Small to Medium-Sized Businesses
Partnerships
Existing Sole Proprietors
Foreign Investors
Existing LLPs
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The following documents are required for registering a Private Limited Company in India:
PAN of all directors and shareholders
Aadhaar copy of all the directors and shareholders
Passport size photo of all the directors and shareholders
Rental agreement copy if the registered office is rented.
Copy of utility bill (water/gas/electricity) of the rented property
No Objection Certificate from the owner of the property
A Private Limited Company is a type of business entity you can register that is recognized under the Companies Act 2013. The primary objective of a Pvt Ltd Co is to limit the personal liability of its owners. This means that the shareholders are only liable for the amount they have invested in the company and are not personally responsible for its debts or obligations.
A Private Limited Company isn't always required. Still, many small business owners choose to incorporate a Pvt Ltd Co to protect their personal assets in case the company faces financial difficulties or legal issues. Having a Pvt Ltd Co can also help you to get DPIIT startup recognition, get tax benefits, enter into contracts, get funding, and get necessary government and permits.