What are Private Limited Companies? registration for company
Private Limited Companies are basically companies/organizations which are held privately (the general public cannot buy shares) for small businesses. These companies are called Limited Liability Companies (LLCs) in the United States format. Limited Liability basically means that the risk to the personal assets of a Shareholder/Director is limited to his/her value of shares of the company.
Who can Register Private Limited Company in India?
Private Limited Companies require a minimum of two shareholders. Therefore, any two individuals with valid PAN card and Aadhar card and a proposed office(rented/self-owned) are eligible to start a company in India. Can small business get registration under the private limited company? Yes, a small business can get its business registered under private limited company registration in India. It provides them with the credibility and an image of their business in the eye of the financial institution, suppliers and potential clients. It helps the company to get the loans at little compliance from banks or potential clients while entering into the deals.
Is there any high qualification required to become a director or shareholder in a private limited company?
No, professional or educational qualification is required to become a shareholder in the private limited company. Any individual in the capacity of the person, with the sound of mind, can start a company.
What is the Director Identification Number (DIN)?
Any individual intends to become the director of the company must apply to the Director Identification Number, there is no special form is required to have the DIN from now onwards. One can apply for the DIN with the SPICe form. No special form is required.
Can we change the Registered Office of the Company?
Yes, we can easily change the registered office of the company any time after the specified procedure is completed. The changed address can be situated within the same state or in a different state, depending upon the conditions.
Can sole proprietorship be converted in private company registration? company incorporation
Yes, sole proprietorship can be converted into private company registration after following the companies act, 2013 procedures.
How much Capital is required for running a Private Limited Company?
There is no bar in particular on the minimum capital requirement to run a private company.
Can private limited company invite the general public for shares?
No, a private limited Company cannot invite the general public top to subscribe to the company shares.
How many directors are required for company registration?
A private limited company needs a minimum of 2 directors and a maximum of 15 directors to register a company.
Can Private Limited Company have FDI or Foreign direct investment?
Yes, a private company is allowed to have foreign direct investment in their company.
What will be the address of the registered office of the company?
The Registered Office does not mean to be owned only; it can be rented premises also. The registered office is used for the purpose of holding a general meeting, keeping records and receiving correspondence from all the statutory government timely. It also specifies the jurisdiction of the registered office.
What are the Forms Required for Private Limited Company Registration? registration for company
Ministry of Corporate Affairs (MCA) has introduced new SPICe INC- 32 Forms for faster company incorporation. Apart from this, to register a private limited company, e-MoA(INC-33) , e-AoA (INC-34) and (INC-35)Agile forms are also to be filed.