Below are the list of advantages and benefits of forming a Private Limited Company
Private Limited Company clearly defines the Owners and Directors (management) of the company. which helps in offering equity shares to new shareholders.
Accepting Foreign Direct Investment (FDI) is quite easy, as compared to other type of entities. Because in most of the sectors for Private Limited Company FDI is allowed through Automatic route. Which is not the case in other entities
Transfer ownership from one shareholder to another shareholder is quite easy and fast process in private limited company as compared to the other entities.
Venture capital, Equity fund and raising funds from the banks is easier in Private Limited company as compared to other entities.
In Private Limited Company only 2 shareholders and directors are required but in case of public limited companies minimum 7 directors are required.
Private limited company offers an Employee Stock Option Plan (ESOP), from which a company can offer shares to its loyal employees at a fixed subscription price over a period of time.
Compliances for Private Limited Companies are high as compared to other entities, but that helps in recognizing it. Private Limited Company is the most recognized type of entity in India.
• At least 2 shareholders – maximum of 200
• At least 2 Directors - Maximum of 15
• At least 1 director should be resident of India
• Directors and shareholders can be the same person.
• An address which acts as a registered address of the company
For Each Director and shareholder
1. PAN card* (Mandatory for Indians & others if held)
2. Passport* (for NRI, Foreigners, and Indians if held)
3. Address proof (any 1 of) (Not more than 2 months old)
a. Bank Statement
b. Phone Bill
c. Mobile Bill
d. Electricity Bill
(Note - For NRI & Foreigners Documents issued by foreign authorities or signed outside India must be notarized & apostilled)
For Registered Address
1. NOC from Owner*
2. Rent Agreement*
3. Utility Bill*
Once the founders of the company finalize on the name of the company then the process of incorporation of Private Limited Company starts as below (Note: Name of the company can be different from the brand name, it is not mandatory to have same brand name as a company name)
Step 1: Application for DSC (Digital signature certificate) and DIN (Directors Identification Number)
Step 2: Apply for the Name reservation
Step 3: Drafting & filing MOA & AOA to register the private limited company
Step 4: Apply for the PAN and TAN of the company
Step 5: Issue Certificate of Incorporation along with PAN and TAN of the company
a. DSC of directors and shareholders
b. PAN and TAN number
c. Certificate of incorporation
d. MOA & AOA of the company
We make the process so easy and fast that you will not even feel the headache of all the paperwork, and our professionals will provide you all the promised deliverable within a given span of time.
All our professionals are qualified and specialized in that particular work. Making sure no mistakes are done at the time of filings with the authorities so that company won’t have to pay any penalties due to mistakes.
We support you throughout the journey of your business, from the incorporation, Accounting and taxation support, Secretarial compliance support, and Legal support.
We believe that cost plays a vital role in any company’s growth stage, that’s why we do not surprise our clients with hidden charges, you pay what you see in the initial proposal.