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what is private limited company

rivate Limited Company are registered form of business and it’s popular and in trend now. To start the Private limited company there are Minimum of 2 members and Directors are required. The members can invest in capital from a minimum of Rs. 1 per person and has no limit on the maximum capital which can be Contributed by the members of the Company. The day to day activities are taken care by the Directors of the Company and the major decision are to be taken by the Members or Shareholders of the Company. Starting a private limited companies have various advantages and if you are looking to start a new business venture or to expand the existing business then registration of Private limited Company by Companybanalo.com should be the best option. The start-upIndiainitiative also recommend the Company from of structure and have added tax advantage compared to Partnership Companies. It is easy to fetch investments in share of a Private limited company then compare dto any other unregistered organisations. The shares in the company help investors to get in the company easily and also quit at their convenience.

Benefits of Private Limited Company

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Company Registration Works

  • Separate Legal Existence
  • Limited Liability of Owners
  • Lower Compliance Requirements
  • Separation of Management and Ownership
  • Easy set up and maintenance
  • Requires only one member
  • Minimal paperwork
  • Continuous Existence
  • Unaffected by death of member or change in ownership

procedure

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Company Registration Works

1Selecting the best package for you

2Review of documents and information

3 Obtaining DSC

4Verification and Name approval

5Application for Certificate of incorporation & PAN and TAN

6Your OPC is ready now

documents required

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Company Registration Works

Copy of PAN card of directors

Electricity/Water bill (Business place)

Copy of Aadhaar card/Voter identity card of Directors

Copy of Rental Agreement (If certified Rental Property)

Passport size Photgraphs of the Directors

Copy of Property papers (If owned property)

Landlord NOC (Format wil be provided)

faq

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Company Registration Works

At least one nominee is required to start an OPC who can act as shareholder as well as director.

Any individual/organization can become the member of One person company including foreigners/NRIs.
An OPC limited by shares must comply with following requirements : Must have a minimum [paid up share capital of INR 1 Lac. Shares will not be allowed to be transferred to anyone else. An OPC is prohibited from giving any invitations to public to subscribe for the securities of the company. When an OPC limited by shares or by guarantee enters into a contract with the sole member of the company, who is also the director of the company, the terms of contract or offer must be recorded in writing or contained in a memorandum or recorded in the minutes of the Board meeting held next after entering into the contact. An OPC must inform the Registrar about every contract entered into by the company with the sole member of the company within a period of fifteen days from the date of approval
Yes, an OPC can carry multiple businesses if it is mentioned in the MoA of the company and approved by the registrar. The company can mention more than one business which is related and from the same field. Activities which are unrelated such as fashion designing and event management or construction cannot be registered under the same company.
Any natural person above the age of 18 years can become a director in the company after procuring Director Identification Number (DIN). As there are no criteria provided in terms of citizenship or residency, a foreign national can also become a director. The application of DIN Allotment is now merged with the application for the formation of a company, subject to a limit of maximum 3 DIN.
During every financial year, the company must hold board meetings in case of more than 1 director. Furthermore, the accounts and financial statements must be audited by an independent auditor. Subsequently, it shall file form AOC 4 and MGT 7 as a part of Annual Compliance within the given time
There is no difference in capital requirement between an OPC and a private limited company. It needs an authorised capital of Rs. 1 lakh to begin with, but none of this actually needs to be paid-up. This means that you dont really need to invest any money into the business.
All such businesses must maintain books of accounts, comply with statutory audit requirements and submit income tax returns and annual filings with the RoC.
CompanyBanalo can integrate a Private Limited Company in 15-25 days. The time taken also depends on the relevant documents provided by the applicant and the speed of approvals from the government. To ensure a speedy registration, ensure that you have all the required documents prior to the starting of the registration process.

why companybanalo.com

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Company Registration Works

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PACKAGES

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the industry's standard dummy.

Silver

INR 5499 Only

The Package include

DSC for 1 Directors

DIN for 1 Directors

MOA + AOA

Authorised capital upto 10Lakhs

Gold

INR 6999 Only

The Package include DSC for 1 Directors DIN for 1 Directors MOA + AOA Authorised capital upto 10Lakhs Certificate o

Platinum

INR 14999 Only

The Package include DSC for 1 Directors DIN for 1 Directors MOA + AOA Authorised capital upto 10Lakhs Certificate o