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Registration Private Limited Company in India.

Posted By admin on December 24, 2013 No Comments

Six important aspect of Registration Private Limited Company in India.

  • For Registration Private Limited Company in India  must have minimum paid-up share capital of Rs.1 Lakh or such higher capital as may be prescribed
  • Minimum two directors and minimum two shareholders are required.
  • Restriction on right of transfer of shares as per the AOA.
  • Number of shareholders is limited to fifty.
  • An invitation to public to subscribe for any shares or debentures is prohibited.
  • No invitation of deposits from persons other than members, directors or their relatives is allowed.Reg Limited Company in India

STEPS REQUIRED TO BE PERFORMED TO INCORPORATE A PRIVATE LIMITED COMPANY:

  • Obtain Director Identification number
  • Get your digital signature certificate
  • Get the name of the company approved
  • Memorandum and articles of association vetted and printed
  • Get the documents stamped
  • Get the memorandum and articles signed by at least two subscribers
  • Get the certificate of incorporation.

CALL NOW: 9818092002

TIME FRAME TO INCORPORATE A PRIVATE LIMITED COMPANY:

  • Takes average 14 days to complete private limited company incorporation in India. .

FIVE ADVANTAGES TO INCORPOARTE A PRIVATE LIMITED COMPANY:

  • If the company experience financial distress because of normal business activity, the personal assets of shareholders will not be at risk of being seized by creditors.
  • Business not affected by the status of the owner.
  • Minimum number of shareholders required is only2.
  • More capital can be raised as the maximum number of shareholders allowed is 50.
  • Scope of expansion is higher because easy to raise capital from financial institutions.

POST INCORPORATIONFORMALITIES:

  • Obtaining Permanent Account Number (PAN) from Income Tax Department
  • Obeying Shop and Establishments Act
  • Registration for Import Export code from Director General of Foreign Trade
  • RBI approval for Registration Private Limited Company in India being foreign companies investing in India and FIPB approval, if required.v The directors of an Indian company, both Indian and foreigner directors, are required to obtain Director Identification Number – DIN and Digital Signature Certificate – DSC
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