Private Limited Company is simplest and a very popular form of company which is privately held for small businesses.
A private limited company is a company which is privately held for small businesses. The liability of the members of a Private Limited Company is limited to the amount of shares respectively held by them. Shares of Private Limited Company cannot be publically traded.
Private Limited is the most appropriate option available. Easily incorporated, a Private Limited is registered within a quick span of time, with minimum documentation and minimal number of promoters.
Breakeven Advisory, your trusted legal advisor, provides a cost-effective company registration service in Madhya Pradesh. Breakeven Advisory will take care of all legal formalities and fulfil the compliances, as defined by the Ministry of Corporate Affairs. Post-approval of the company registration process, you receive a Certificate of Incorporation (CoI), along with PAN and TAN
A private limited company is the most common vehicle to carry on business for an entity intending to make a profit and enjoy the benefits of an incorporated entity. Besides, limited liability and minimal statutory compliances, pvt ltd companies offer the following advantages:
1. Separate Legal Entity
2. perpetual succession
3. Limited Liability
4. Free & Easy transferability of shares
5. Eligible for Start-up India Registration
As defined under the Companies Act 2013, we have to ensure the requirements of checklist
A private limited company must have at least two directors and at most, there can be 15 directors. Among all the directors in the business, at least one must be a resident of India.
The name of your business must be unique. The suggested name should not match with any existing companies or trademarks in India.
There is no minimum capital amount for a company. A company should have an authorized capital of at least Rs. 1 lakh.
The registered office of a company does not have to be a commercial space. Even a rented home can be the registered office, so long as an NOC is obtained from the landlord.
Setting a Private Limited Company is one of the highly recommended ways to start a business in India.
This type of company offers limited liability for its shareholders with certain restrictions placed on the ownership. Whereas in private limited company registration, directors may be different from shareholders.
Private Company is also eligible for startup registration.
Tax slab for domestic company is now 25% + cess and for manufacturing companies it is 17.16% in comparision to partnerships or LLPs
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