Private Limited Registration
What is Private
limited Company?
·
Private limited company is a type of
privately held small business entity.
·
This type of business
entity limits owner liability to their shares.
·
The number of
shareholders can be 2 to 200, and restricts shareholders from publicly trading
shares.
·
Normally a small
number of shareholders or members of a company
·
Companies Act, 2013
has granted a number of privileges and exemptions to private limited companies
in order to facilitate doing business in India easily and effectively without
much compliance.
·
It the most
recommended type of business entity for millions of small and medium-sized
businesses that are family owned or professionally managed.
TYPES OF PRIVATE
LIMITED COMPANIES
1. Company Limited by Shares
·
In these companies,
the members’ liability is limited to the nominal amount as mentioned in the
Memorandum of Association.
·
The Shareholder cannot
be held liable or asked to pay more than his/her Share Capital invested in the
company.
2. Company Limited by Guarantee
·
In Private limited by
guarantee, the members’ liability is limited to the amount of liability each
member undertakes in the Memorandum of Association.
·
Consequently, members
of a Private Limited Company Limited by Guarantee cannot be held accountable
for a sum greater than the amount of guarantee performed by the member in the
Association Memorandum.
·
Furthermore, the shareholder’s guarantee in a company Limited
by Guarantee can be sought only in the case of the company winding-up.
·
The guarantee of the
members of a Company Limited by Guarantee cannot be withdrawn when the company
is a going concern.
3. Unlimited Companies
·
Unlimited corporations
are those types of businesses that have no restrictions on their members’
liability.
·
Each member’s
liability extends over the entire amount of the company’s Debt and liabilities.
Hence, an unlimited company’s creditors have the right, if wound up, to impose the
company’s debt and liabilities on shareholders.
·
Despite not giving
limited liability protection to the shareholders, an unlimited company is still
regarded as a separate legal entity.
·
The members of an
unlimited firm cannot, therefore, be sued individually.
Read More >>
https://startupstartkaro.com/service/private-limited-registration/
What is Private
limited Company?
·
Private limited company is a type of
privately held small business entity.
·
This type of business
entity limits owner liability to their shares.
·
The number of
shareholders can be 2 to 200, and restricts shareholders from publicly trading
shares.
·
Normally a small
number of shareholders or members of a company
·
Companies Act, 2013
has granted a number of privileges and exemptions to private limited companies
in order to facilitate doing business in India easily and effectively without
much compliance.
·
It the most
recommended type of business entity for millions of small and medium-sized
businesses that are family owned or professionally managed.
TYPES OF PRIVATE
LIMITED COMPANIES
1. Company Limited by Shares
·
In these companies,
the members’ liability is limited to the nominal amount as mentioned in the
Memorandum of Association.
·
The Shareholder cannot
be held liable or asked to pay more than his/her Share Capital invested in the
company.
2. Company Limited by Guarantee
·
In Private limited by
guarantee, the members’ liability is limited to the amount of liability each
member undertakes in the Memorandum of Association.
·
Consequently, members
of a Private Limited Company Limited by Guarantee cannot be held accountable
for a sum greater than the amount of guarantee performed by the member in the
Association Memorandum.
·
Furthermore, the shareholder’s guarantee in a company Limited
by Guarantee can be sought only in the case of the company winding-up.
·
The guarantee of the
members of a Company Limited by Guarantee cannot be withdrawn when the company
is a going concern.
3. Unlimited Companies
·
Unlimited corporations
are those types of businesses that have no restrictions on their members’
liability.
·
Each member’s
liability extends over the entire amount of the company’s Debt and liabilities.
Hence, an unlimited company’s creditors have the right, if wound up, to impose the
company’s debt and liabilities on shareholders.
·
Despite not giving
limited liability protection to the shareholders, an unlimited company is still
regarded as a separate legal entity.
·
The members of an
unlimited firm cannot, therefore, be sued individually.
Read More >>
https://startupstartkaro.com/service/private-limited-registration/