Private Limited Company Registration in India
Private Limited
Company Registration in India
How To Apply for Private Limited Company Online in India
Private companies are small, closed
companies that are specifically made for small businesses. For example, an
accountant, a lawyer, etc. The owners of this are called the shareholders of
the company.
While there are many other companies situated
like private companies or sole proprietorship, registering to a private company
has its own advantages. in this, we will study the step-by-step process to
register for a private company online and how it works in India,
Significant Points to Remember
1.
No minimum paid up
capital requirement.
1.
Minimum number of
members-2 [Except if the company is an OPC]
1.
Right to transfer the
shares.
1.
Maximum number of
members-200, excluding present employee cum members.
1.
Prohibition on
invitation to subscribe to securities of the company .
Types of Private Companies
1. Company Limited By Shares
Section 2 [22] of the
Companies Act, 2013 defines that when the liability of the members of a company
is limited by its memorandum of association [MOA] to the amount unpaid on the
shares held by them it is known as a company limited by shares.
thus, it implies that for meeting the debts of
the company, the shareholder may be called upon to contribute only to the
extent of the amount which remains unpaid on his shareholdings.
While a shareholder can be the co-owner of the
company, he is not the owner of the company’s assets. the ownership of the
assets will remain to the company because of its nature as a legal person.
2. Company Limited by Guarantee
Section 2[21] of the
Companies Act, 2013 defines it as a company having the liability of its members
limited by the memorandum to such amount that the members may respectively
undertake by the memorandum to contribute to the assets of the company.
thus, the liability of a member of a guarantee
company is limited up to a sum mentioned in the memorandum. members cannot be
called upon to contribute beyond the stipulated sum.
this company is only useful when there is no
need for the working funds or these funds can be held from the other resources
like fees, donations, charges, etc.
3. Unlimited Company
Section 2[92] of the
Companies Act, 2013 defines an unlimited company as a company not having any
limit on the liability of its members. In this, the liability of a member
ceases when he ceases to be a member.
The liability of each member of this company
extends to the whole amount of the company’s debts and liability but he will be
entitled to claim this contribution from the other members.
In case the company has a share capital,
the Article of Association [AOA] must state the
amount of share capital and the amount of each share.
Documents Required
1.
PAN Card
1.
Aadhar Card
1.
Passport Size
Photograph
1.
Voter ID/Passport
1.
Telephone Electricity
Bill/Bank Account Statement
Read More >>
https://startupstartkaro.com/service/private-limited-registration/
Private Limited
Company Registration in India
How To Apply for Private Limited Company Online in India
Private companies are small, closed
companies that are specifically made for small businesses. For example, an
accountant, a lawyer, etc. The owners of this are called the shareholders of
the company.
While there are many other companies situated
like private companies or sole proprietorship, registering to a private company
has its own advantages. in this, we will study the step-by-step process to
register for a private company online and how it works in India,
Significant Points to Remember
1.
No minimum paid up
capital requirement.
1.
Minimum number of
members-2 [Except if the company is an OPC]
1.
Right to transfer the
shares.
1.
Maximum number of
members-200, excluding present employee cum members.
1.
Prohibition on
invitation to subscribe to securities of the company .
Types of Private Companies
1. Company Limited By Shares
Section 2 [22] of the
Companies Act, 2013 defines that when the liability of the members of a company
is limited by its memorandum of association [MOA] to the amount unpaid on the
shares held by them it is known as a company limited by shares.
thus, it implies that for meeting the debts of
the company, the shareholder may be called upon to contribute only to the
extent of the amount which remains unpaid on his shareholdings.
While a shareholder can be the co-owner of the
company, he is not the owner of the company’s assets. the ownership of the
assets will remain to the company because of its nature as a legal person.
2. Company Limited by Guarantee
Section 2[21] of the
Companies Act, 2013 defines it as a company having the liability of its members
limited by the memorandum to such amount that the members may respectively
undertake by the memorandum to contribute to the assets of the company.
thus, the liability of a member of a guarantee
company is limited up to a sum mentioned in the memorandum. members cannot be
called upon to contribute beyond the stipulated sum.
this company is only useful when there is no
need for the working funds or these funds can be held from the other resources
like fees, donations, charges, etc.
3. Unlimited Company
Section 2[92] of the
Companies Act, 2013 defines an unlimited company as a company not having any
limit on the liability of its members. In this, the liability of a member
ceases when he ceases to be a member.
The liability of each member of this company
extends to the whole amount of the company’s debts and liability but he will be
entitled to claim this contribution from the other members.
In case the company has a share capital,
the Article of Association [AOA] must state the
amount of share capital and the amount of each share.
Documents Required
1.
PAN Card
1.
Aadhar Card
1.
Passport Size
Photograph
1.
Voter ID/Passport
1.
Telephone Electricity
Bill/Bank Account Statement
Read More >>
https://startupstartkaro.com/service/private-limited-registration/