A company is an association of both natural and artificial persons. A company is a “legal person or “legal entity” separate from, and capable of surviving beyond its members.
Private Limited Company is a popular option to start a business in India by startups and businesses with higher growth aspirations. Private Company is incorporated under the Companies Act of 2013, and governed by the Ministry of Corporate Affairs (MCA).
MCA accepts only above specified documents for Id proof and Address Proof.
We need The Documents mentioned above and some other basic details to initiate the process of Registration.
Once we validated the documents and information submitted, we will submit the application to the Government authorities for approval. We will also be needing additional documents or clarification if required.
Required atleast two proposed names for the aaplication. Approval on Name is sole authority of the MCA officer.
After successful submission of application, the file went through the process of review by Govt Officer, where they validated the information and documents submitted.
After validating all the documents by the government officer, You will get the approval of the government
The concept of a Director Identification Number (DIN) was introduced for the first time with the insertion of Sections 266A to 266G of Companies (Amendment) Act, 2006, according to which all the existing and intending Directors must have a DIN.
A digital signature authenticates electronic documents in a manner similar to a handwritten signature, which authenticates the printed documents.
No minimum capital is required to form a Private Limited Company.
2. Can raise funds from the Venture Capitalists or investors.
3. A Private Limited Company is a separate legal identity in the court of the law.
4. The personal assets of members will not be used to pay the debts of the Company as the Liability of the members/shareholders is limited.
5. Any foreign entity or foreign person can directly invest in a Private Limited Company because 100% Foreign Direct Investment is allowed.
6. The particulars of the company are available on a public database. It improves the credibility of the company.
Yes, a non-resident can incorporate a Company in India. But every Company shall have at least one Resident Director.
As per section 3 (7), a private limited company may be formed for any lawful purpose by two or more persons, by Subscribing their names to a memorandum and complying with the requirements of the Act in respect of registration. Section 149(1) further lays down that a private limited company shall have a minimum number of two directors. The only two members may also be the two directors of the private limited company. The words Private Limited must be added at the end of its name by a private limited company.
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