Company Registration Made Simple
In India, the most common type of "legal structure" is a private limited company. A Private Limited Company Registration in India is governed by the Ministry of Corporate Affairs and is incorporated under the Companies Act of 2013. It is legally distinct from its owners. It is widely used because it provides numerous benefits to its directors, such as limited liability, which means that if the company defaults, bank/creditors can only sell the company's assets and not the directors' personal assets. Starting a business in India is a pipe dream unless you have a proper business entity to back it up.
Everyone, from veterans to novices, from budding start-ups to established entrepreneurs, and from north to south India, regard it as the best business entity. You can use our services to register your Private Limited Company. We have served clients from major cities throughout India for Private Limited Company Registration.
LegalYatra team of knowledgeable and efficient experts is always available to help and advise you on the process of forming a Private Limited Company. LegalYatra is a leading business startup consultant in India, offering a wide range of company registration services.
Documents Required For Company Registration
Self-attested PAN card from each prospective partner is required for the Private Limited Company Registration Process.
Self-attested passports, election cards or voter identification, Aadhaar cards, or any other form of identity verification acceptable for Indian citizens and required for Private Limited Company Registration Documentation.
The most recent electricity or telephone or gas or mobile or other utility bills from the company's location that are less than two months old can be used as proof of the registered office address.
Also included are the most recent two passport-size photos.
All directors and members must submit two months' worth of bank statements.
Advantages of a Private Limited Company
No Minimum Capital:
There is no minimum capital requirement to form a Private Limited Company, and it can be registered with as little as Rs. 10,000 in total Authorized Share capital.
Separate Legal Entity:
A Private Limited Company is a separate legal identity in the eyes of the law, which means that the assets and liabilities of the business are distinct from the assets and liabilities of the Directors. A juristic person is someone who isn't a natural or human being. Members of a company are not liable to the company's creditors for such debts. A Private Limited Company separates management and ownership, so managers are accountable for the company's success as well as its failure.
Tax Efficient:
Because they can claim corporation tax relief on their profits, private limited companies are tax efficient. This can result in significant savings for businesses and increased profits, as well as capital allowances and R&D tax credits. Dividends paid by private limited companies to their shareholders are taxed at a lower rate.
Fund Raising:
In India, the only type of business that can raise funds from Venture Capitalists or Angel Investors is a Private Limited Company.
