In India, maximum number of entrepreneur use Private Limited Company as their Business Registration. Private Limited Company Registration help entrepreneur to make their business well. By registering business in the form of Private Limited Company, it becomes easy for entrepreneur to get maximum opportunities available in the business industries such as, Start-up benefits, limited liability protection for its shareholders, availability of various equity fund raising options, separate legal status.
Although Private Limited Registration is one of the best type to Register business in India among entrepreneur and it make available for entrepreneur many opportunities, but it also involves lots of compliance burden, operational restrictions for them. For getting Business Registration in the form of Private Limited Company, first we should know about the various advantages of limitations of this business type.
Advantages of Private Limited Registration
- There is no minimum capital requirement to get registration
- Private Limited Company has its own separate legal existence and identity. It has its separate PAN and Bank account. It is absolutely separate from its members and directors. In case of death or change, among its members and directors, its legal identity does not change. It can sue to others or others can also sue to it in the court of law.
- In Private Limited Company Registration, members have limited liability against any loss due to financial distress. Their personal assets would not be liable against its dues.
- In Private Limited Company Registration, entrepreneur can easily raise equity funds from available investors
- Private Limited Company has perpetual succession, mean it will remain continue until legally dissolved.
Limitations of Private Limited Registration
- Before commencing business under Private Limited Company, it is required to get it registered under The Companies Act 2013. All the required legal formalities need to comply with, before staring any business activity. In case of non-commencement of business activity after registration, have to fulfil various legal compliance for winding up the same.
- Lots of regular compliance, we need to comply with under Private Limited Company Registration. Such as, appointment of statutory auditor within 30 days of its registration, maintenance of statutory registers, conducting of various board meeting, preparation and preservation of minutes of meetings, etc. In case of non-compliance of the same, there are late fees, penalties and also provisions for prosecution under companies act 2013.
- For Private Limited Company Registration, there is minimum requirement of Two persons. It means a single person cannot get its business registration as a Private Limited Company. Sometime it leads to division of ownership and start-up ideas. Now, to overcome this problem concept of one person company has been introduced by government, now single person can get its business registration in India in the form of OPC Private Limited Company but still with some restrictions.
- In case of business failures, losses, conflict among members or directors and others, if it is required to wind up the business, then it is not so easy. Here need to follow complex legal process.
Although there are various limitations by registering business in the form of Private Limited Company, but still, it is best form of business registration type because of advantages available. Entrepreneurs can easily be spread its business to all over the world through this type, mean this type of business registration has no country barrier. Now days government is also very attentive to make rules and regulations for making it as a convenient type of business, such as, by reducing time taken in registration process, by providing relegation in maintenance of books of accounts and various registers, by providing favourable uses of funds and by introducing various tax reforms.
Company Registration in India, granted by ministry of corporate affairs. We at Digi Accounto help entrepreneurs to get registration through our Company Registration in India Services.
Digi Accounto presents an all-inclusive service package under its Registration Services. Entrepreneurs should only require a business idea; rest we will do all in compliance with all Business Registration requirement.
We are Best Private Limited Registration Consultants in Delhi. Our Business Registration Services include everything such as
- Providing support in search of name availability for Private Limited Company Registration
- Application of Name reservation with Ministry of Corporate Affairs
- Preparation of all documents required for company registration in India.
- Preparation of Memorandum of Association and Article of Association
- Filing of Company Registration in India application
- Keep track towards status of application
- Application of PAN and TAN at the time of Company Registration
- Provides Certificate of Incorporation, MOA, AOA, and all other necessary documents for opening of bank account of company
- Provides Start-Up Registration services
- Provides Trade Mark Registration Services, Copy Right Registration Services, FSSAI Registration Services, GST Registration Services, All GST Services, etc
- Provides Accounting Services, Bookkeeping Services, Income Tax Compliance Services, regular as well as at the year end
- Provides ROC Services, Maintenance of Statutory Records, Preparation of Records of Board Meeting, Annual General Meeting and other company meetings
Choose Digi Accounto as your Company Registration Partner, as our Registration Services are Accurate, Professional and Cost effective.
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Private Limited Company
Start-Up or Investor Friendly
₹
9999
All Inclusive
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2 Directors (DSC+DIN)
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Upto 10 Lacs Capital
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Name Approval (One Time Filing)
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MOA & AOA
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PAN + TAN
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Digi Accounto Registration Services
Documents Required for Private Limited Registration
Identity Proof
Scanned copy of PAN Card & Aadhar Card of all Proposed Directors and Voter ID/ Passport/ Driving Licence
Address Proof
Latest Bank Statement or Utilty bill in the name of proposed directors, like electricity, water (Not older than 2 Months)
Photo, Email, Mobile No.
One Photograph of every proposed director with their unique Email id and Mobile number, one email and mobile for company purpose
Company Address Proof
Address Proof for Proposed Company Address (NOC, Utility Bill not older than 2 Months, Sale Deed, Property tax receipt)