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Private Limited Registration in Pune
Thinking of registering a private limited company then legal cabin is the perfect place to get the expert advice and a hassle-free registration at an affordable charges. Before proceeding towards Private limited company registrations one should know the basic about private limited company so here we go
A private limited company is governed by the companies’ act 2013. As the name suggest a private limited company means a company whose shares are held by Private individuals. Minimum two person with a legal motive to work together are required to form a private limited company. This very popular form of Registration in India.
A private limited company restricts the right to transfer the shares of its members. Compliances on a private limited company are statutory. Private limited company being a separet legal entity has its own assets ans liability different from its directors. Hence even if the company gets insolvent the directors of the company have only the liability to the extent of shares held and no personal belonging of Directors can be touched to pay of the dues. Legalcabin can help you to register your Private Limited Company Registration in Pune.
Why choose Private Limited Company?
Private Limited is the most prevalent form of business registration, provided that benefits like limited liability, long-lasting succession, easy transfer-ability, dual relationship, easy funding, brand building, trust building, good employees, professional circumstance, Ease to do business with multinational and international companies etc.
Why not choose Private Limited Company?
Private Limited has to annually comply with certain ROC necessities like doing Board meetings, Annual General Meetings, ROC filings, Maintaining Minutes of Meetings and Statutory register etc. This increases the cost as well as efforts. Proprietorship or Partnership Firm does not have to sustain the above compliance’s. Private Limited has a little bit more compliance’s then LLP too.
However, registering a company name under private limited company you needed a Key name, Activity name, and Suffix which is Pvt Ltd. A company name henceforth has to be mandatory be in 3 parts e.g. HCL (key name) Technologies (activity name) PVT LTD (Suffix) or LLP (Suffix) or Ltd (Suffix). After registering a private limited company once you get the Certificate of Incorporation then you can be applying for the corporate bank account and GSTIN. The Private limited company is a distinct legal entity means the liability of the directors is limited to their investment only. For example, a private limited company has taken a loan from any bank but unfortunately, fail to pay back due to loses or any other unexpected reasons, the directors are not directly held responsible for the defaulter because the company has its own separate legal entity.
A private limited company can only run with mutual consent of the directors. In a private limited company, the minimum capital essential be 1 lakh rupees and an annual audit is compulsory, there is no compulsion for these terms. This is the most standard form of company registration in India. Pvt Ltd Company has higher compliance’s as compared to LLP and OPC.
What we need?
- Pan card
- Passport/ Driving Lisence/ Voter id card
- Bank Statement/ Light Bill/ MOBILE Bill
What we give?
- Digital signatures for two directors with a validity of two years
- DIN for two directors
- Name approval letter
- Companies MOA and AOA
- Certificate of Incorporation
- PAN Number
- TAN Number
- Rubber stamp
Steps for Registration
- Applying for the class two digital Signature
- Putting the company name application
- Certain documents will be provided for sign on the approved name of the company
- Preparation of MOA for the Company
- Drafting of AOA for the Company
- Uploading of Spice forms along with the application for DIN, PAN and TAN
- Getting the Certificate Of Incorporation
- Opening the bank account
- Depositing the subscribed amount into the company bank account
- Applying for the Commencement of Business
(GST registration and Msme registration will be provided free of cost till October 2019)