Trademarksinn.com:We are Private Limited Company Registration Consultants in Mysore
Private Limited Companies are those types of companies where minimum number of members is two and maximum number is two hundred. A private limited company has the limited liability of members but at the same time it has many characteristics as those of a partnership firm. A private limited company has all the advantages of partnership namely flexibility, greater capital combination of different and diversified abilities, etc., and at the same time it has advantages of limited liability, greater stability and legal entity. In this sense, a private limited company stands between partnership and widely owned public company.
Start-ups and growing companies prefer private limited company as it allows outside funding to be raised easily, limits the liabilities of its shareholders and enables them to offer employee stock options to pull in top talent. Private Limited Company Registration can be done through Legalraasta in Delhi NCR, Mumbai, Bengaluru, Chennai and other Indian cities.
Why to Choose Private Limited Company Registration?
1. It is flexible and has limited liability.
2. Greater capital contribution and greater stability
3. Possibility to grow big and expand
ADVANTAGES OF PRIVATE LIMITED COMPANY
1. Preferred by banks, VCs & investors
2. Easy to allocate and redistribute shares to investors or other directors
3. Separate legal entity which limits your liability
4. Offers the flexibility of a partnership firm and the advantages of a Public Ltd Company
5. Easy to register, manage & run
6. Easy to dissolve or wind-up.
Simple Steps for Company Registration
1. Application of DSC & DPIN:
First of all, the partners have to apply for Digital signature and DPIN. Digital signature is an online signature used for filing and DPIN refer to Directors PIN number issued by MCA. If the directors already have DSC and DPIN, then this step can be skipped.
2. Name approval:
You need to provide 3 different options for your company name to MCA of which one will be selected. Names provided should ideally be unique and suggestive of company business
3. MOA & AOA submission:
Once name is approved, one needs to draft Memorandum of association and Articles of Associate. Both MOA and AOA are filed with the MCA with the subscription statement and
4. Get incorporation certificate:
It typically takes 15- 25 days to form a Private limited company and get the incorporation certificate. Incorporation certification is a proof that company has been created. It also includes your CIN number.
5. Apply for PAN, TAN and Bank account:
Then you need to apply for PAN and TAN. PAN and TAN are received in 7 working days. Post this, you can submit the Incorporation certificate, MOA, AOA and PAN with a bank to open your bank account.