Few Things to know about Private limited Company Registration in India?
Most of the clients have several questions in their mind
regarding the private limited company registration. In this article, we are
going to discuss all that questions that are frequently asked by the customers
regarding the registration process.
1. What is a Private limited Company Registration?
Limited liability means that a shareholder
of the company is not liable to the amount of debt and his personal assets
won’t be used to pay the amount of debt. It can be started with just two
members limiting to a number of 200 members. A Private Limited Company Registration is one that has separate legal entity following the perpetual
succession, with a benefit of limited liability for its shareholders.
2. Is Private limited Company Registration beneficial for small businesses?
Yes, small business can get themselves
registered as a private limited company to get the benefits of credibility and
good image of their proposed business in the eyes of the financial
institutions, potential clients and the suppliers. It is also helpful for the
company in getting loans at less compliance from the clients or the banks while
entering into the work.
3. Do you require high qualification to become a director or shareholder of a Private limited Company Registration?
Basically no, you don’t require such high
qualification to become a director or a shareholder of a private limited
company.
4. What is eligibility criteria used to appoint a shareholder or director for a Private limited Company Registration?
The person should fulfill the following
conditions to become a shareholder or director of the company:
- Minimum age of the person should be 21;
- Resident or citizen of India;
- Sound Mind.
1. What do you mean by a director identification number or DIN?
Director identification number or DIN is required for
the individual who intends to become the director of the company. Now, there is
no special form used to fill to get a director identification number. You can
simply get it by applying for a DIN with SPICe form. It usually takes 3-4 days
to get approval. Swarit advisor makes it sure to get a DIN while filling the
registration form for a private limited company.
2. What are the benefits of Private limited Company Registration?
Here are some of the main benefits of private limited
company registration:
- Limited liability
- Ease in transfer ability
- Better credibility
- Supports business growth
- Separate legal existence
·
The company can continue its existence, even
after the death of any or all directors or shareholder.
3. What are the main documents required for the Private limited Company Registration?
Here is the list of documents you will
require for the registration process:
- PAN card
- Address proof
- Identity proof of all the directors
- Rental agreement (incase of rented place)
- NOC from the owner
- Copy of any utility bill
- Bank statement
- Photographs of all the directors
For detailed document list, contact Swarit
advisors at ho@swaritadvisors.com.
Can sole proprietorship be converted into a Private limited Company Registration?
Yes, you can convert your sole
proprietorship into a private limited company by following the procedure of the
Companies Act, 2013.
What are the basic forms required for the Private limited Company Registration process?
Hope that article was informative for you. To get more
information regarding private limited company or to get registration leave an
email to Swarit advisors at ho@swaritadvisors.com
or you can call them on +919821399320.
Our professional team at Swarit advisors consists of India’s best professionals and serves the clients in the best way possible and at the best competitive price. Apart from professional fees basis, the e-forms involved certain statutory fees are also required to be paid at the MCA portal.
To know more about company registration process post query at our site :- https://swaritadvisors.com
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