PVT LTD
A private limited company is a business entity offering limited owner liability. It is apt for a small number of shareholders and allows up to 200 members along with flexibility in shares and shareholdings. One of the most highly recommended methods for starting a business in India is to establish a private limited company, which provides its shareholders with limited liability while imposing certain ownership restrictions. When it is LLP, the partners will manage it. On the other hand, a private limited company registration allows for directors and shareholders to be separate entities.
Benefits of Pvt Ltd Company Registration:
● Shield from personal liability and protection from risks.
● Increased consumer trust and credibility.
● Ease in procuring bank credits and attracting reliable investors.
● Liability protection for company assets.
● Greater capital contribution and stability.
● Potential for growth and expansion.
Characteristics of Pvt Ltd Company: -
Minimum of two members, maximum of 200 shareholders.
● Minimum of two directors, maximum of 15.
● Limited liability for members. - Perpetual succession.
● Minimum authorized share capital of ₹1 lakh.
Compliance Requirements Post-Registration:
● Auditor appointment within 30 days.
● Director DIN KYC annually.
● Commencement of business within 180 days.
● MCA annual filings.
● Income tax filing using ITR-6 annually.
Documents Required for Online Company Registration:
● Identity and address proof.
● Registered office proof
Importance of Company Registration Certificate:
● Legal proof of identity and existence.
● Authorization to commence activities.
● Necessary for business bank account, share distribution, business loan, and sale of the business.
Additional Reasons for the Importance of the Certificate:
● Business bank account.
● Share distribution.
● Business loan.
● Business sale.
Pvt Ltd Company Registration Package Includes:
● DIN and DSC for two directors.
● Drafting of MoA & AoA.
● Registration fees and stamp duty.
● Company incorporation certificate.
● Company PAN and TAN.
● Zero balance current account powered by DBS bank
Why Campaigning Source?
Choosing the right business structure is crucial for legal compliance, liability protection, tax implications, funding opportunities, operational flexibility, and long-term goals alignment. Campaigning Source is recommended for its online registration process and expert assistance
