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Regirstation of private limted company
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Private Limited Company @ Rs. 2799/-
- MCA Name Approval
- Instant Filing
- 4 Name choice
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Private Limited Company @ Rs. 7899/-
- MCA Name Approval + Incorporation
- 2 Digital Signatures
- Ledgers Platforms
- Company Registration
This pricing plan includes free consultation
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Registration of a Private Limited Company
An Overview
Hey there! If you’re looking to start up a business, you’ll need to register it as a private limited company. This is the legal process of establishing your business as a separate legal entity, protecting your shareholders and directors with limited liability. It’s actually not as complicated as it may sound! All you need to do is choose a unique name for your business, complete some necessary documents (such as the Memorandum of Association and Articles of Association), identify your shareholders and directors, provide a registered office address, fill out an application form, pay the applicable fees, and get the necessary approval from the government authority. And voila! Your company is now a legal entity, ready to offer limited liability protection to its stakeholders. Let me know if you need any help along the way!
“Your Journey to Success Starts Here: Register Your Private Limited Company with FiscalNow!”
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Is It Mandatory?
Yes, the registration of a private limited company is generally mandatory in most jurisdictions. Registering a company is a legal requirement that establishes the company as a separate legal entity, distinct from its owners or shareholders. This registration process ensures that the company is recognized by the government and complies with the laws and regulations applicable to businesses.
By registering a private limited company, you gain various benefits and legal protections, including limited liability for shareholders, the ability to enter into contracts, access to financial services, and credibility in the business world. Additionally, registration ensures transparency and accountability in the company’s operations.
Failure to register a private limited company when it is required can result in legal consequences, such as penalties, fines, and the loss of certain rights and privileges. Therefore, it is important to comply with the registration requirements and fulfill the necessary legal obligations to operate a private limited company within the jurisdiction where you intend to conduct your business activities.
Information / Documents Required
The specific information and documents required for the registration of a private limited company may vary based on the jurisdiction and specific requirements of the registration authority. Nevertheless, some common information and documents that are typically required are:
1. Company Name: Proposed name of the company along with alternative names if applicable.
2. Registered Office Address: Official address of the company’s registered office.
3. Directors and Shareholders: Details of the directors and shareholders, including their names, addresses, contact information, nationality, and identification proof (such as passport or national identity card).
4. Memorandum of Association (MOA): A document that outlines the company’s objectives, activities, and scope of operations.
5. Articles of Association (AOA): A document that defines the internal rules, regulations, and governance structure of the company.
6. Share Capital: Information about the authorized share capital of the company, including the number of shares and their nominal value.
7. Company Secretary (if required): Details of the company secretary if applicable.
8. Incorporation Forms: Completed application forms or incorporation forms provided by the registration authority.
9. Payment of Fees: Payment of registration fees and any other applicable fees.
10. Consent and Declarations: Consent forms and declarations signed by the directors and shareholders, affirming their willingness to act as directors and shareholders of the company.
11. Identification and Address Proof: Copies of identification and address proof for directors and shareholders, such as passports, identity cards, and utility bills.
12. Additional Documents: Additional documents may be required depending on the jurisdiction, including a statement of compliance, details of the company’s ultimate beneficial owners, and other specific requirements.
Benefits
One of the most significant advantages is limited liability protection for the shareholders. The personal assets of shareholders are generally separate from the company’s liabilities. In the event of financial losses or legal issues, shareholders are typically liable only to the extent of their shareholdings.
A registered private limited company is recognized as a separate legal entity. It has its own legal identity distinct from its shareholders and directors. This enables the company to own assets, enter into contracts, and conduct business in its own name.
Registering as a private limited company enhances the credibility and trustworthiness of the business. It signals to customers, suppliers, and partners that the company is a formal entity adhering to legal requirements and operating with a certain level of professionalism.
A private limited company has perpetual succession, meaning it has an uninterrupted existence even if the shareholders or directors change. The company’s existence is not affected by the death, resignation, or transfer of shares of its members.
Registering as a private limited company opens up avenues for raising funds and attracting investments. It provides a structured platform to approach banks, financial institutions, and investors for loans, credit facilities, or equity investments.
Private limited companies often enjoy certain tax advantages, such as lower corporate tax rates or deductions on eligible business expenses. Additionally, some jurisdictions offer tax incentives or exemptions for specific industries or investments.
Registering the company’s name and logo provides legal protection against unauthorized use or infringement by competitors. It helps safeguard the company’s brand identity and prevents others from using similar names or logos.
Shares of a private limited company can be easily transferred or sold, allowing for the easy entry or exit of shareholders. This flexibility makes it attractive for investors and provides liquidity to shareholders.
Registering as a private limited company may offer more business opportunities, as many clients, customers, and government contracts prefer to engage with formalized entities for their business needs
