What is a Private Limited Company?
A private limited company comes under one of the most highly recommended ways to create a business in India since it secures shareholders with limited liability and precise ownership limits.
Private Limited Company Registration becomes the first choice for any startup since it gives the easiest way to raise funds from investors.
Technically, the private limited company is a company that is privately owned and operated by small and medium enterprises. Business liability is limited to their shareholdings, the number of shareholders is limited to 200, and directors, and shareholders of the company can be the same person or different from each other.
It's a type of company incorporation that give firms a legal personality independent from its owners, directors and shareholders. As a result, crucial services such as the capacity to contract in its name and the protection of the owner's personal assets from company obligations are provided.
How do I Register an Online Private Limited Company Registration
Registering a company is easy through Vijayvargia Legal Hub professionals.
You need to arrange at least two or more people who are eligible to act as directors and shareholders in the company.
Registering a Company is agile, easy, and can be done online with 3 simple steps:
Step 1: Consult our advisors who will guide you through document requirements for company incorporation.
Step 2: We assist you to choose the right company name based on availability.
Step 3: We prepare and file the ROC forms (DIR, MOA, AOA, COB, etc) and register your company under the Ministry of Corporate Affairs (MCA).
Benefits of Private Limited Company Registration
1. There are several reasons to register your business as a private limited company:
2. Banks, venture capitalists, and investors prefer it.
3. Shares are easy to assign and redistribute to other directors/people who have put money into the company.
4. Combines the flexibility of a partnership with the benefits of a public limited company.
5. The company has the least risk of getting dissolved.
The Proposed Company must have an address at any location within the State where you want to do private limited company registration.
The registered office of a company does not have to be a commercial location. Even a rented house might serve as the registered office if the landlord provides a letter of authorization.
