An Overview
According to Section 2(68) as per Company law 2013, A Private Company means to restrict the right to transfer its shares, except in a case One Person Company (OPC) limits the number of its members to 200. They are non-government organizations.
A question has arisen!! How and why? we take Private Company Registration. Answer to these questions is depended on your type of business and on other things like how much amounts you want to invest. How many people want to do business?
Then, you also need a good guide to perform all types of work. Auriga Accounting Private Limited do you best services in India, Delhi, Malviya Nagar, and Saket with full guidance and told Advantages about Private Limited Registration.
Who Is Eligible For Private Limited Company Incorporation
Minimum number of members: A private limited company must have a minimum of two members or shareholders to be incorporated. The maximum number of members allowed is generally limited to 200.
Directors: A minimum of two directors is required for the incorporation of a private limited company. At least one of these directors must be a resident of India, meaning they have resided in India for a cumulative period of at least 182 days in the previous calendar year.
Shareholders: A private limited company can have shareholders who own shares in the company. The shareholders can be individuals or other legal entities.
Legal capacity: The proposed members and directors must have the legal capacity to enter into contracts and be responsible for the obligations of the company.
Compliance: Incorporators must comply with the requirements and procedures set forth by the Companies Act 2013, such as filing the necessary documents, paying fees, and adhering to other legal obligations.
Benefits Of Private Limited Company
Free and easy to transfer shares.
Tax Efficient.
Separate Legal Entity.
Easier To Raise Capital.
Easier To Maintain.
Professional Image.
Minimum Requirement Of Private Limited Company
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