Private Limited Company Registration in India
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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
- No minimum paid up capital requirement.
- Minimum number of members-2 [Except if the company is an OPC]
- Right to transfer the shares.
- Maximum number of members-200, excluding present employee cum members.
- Prohibition on invitation to subscribe to securities of the company.
Types of Private Companies
- 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.
- 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.
- 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
- PAN Card
- Aadhar Card
- Passport Size Photograph
- Voter ID/Passport
- Telephone Electricity Bill/Bank Account Statement
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https://startupstartkaro.com/service/private-limited-registration/
Dec 16th, 2021
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Trademark Registration company in India
Trademark is a unique symbol or word(s) used to represent a business or its products.Once registered, that same symbol or series of words cannot be used by any other organization,
Trademarks are protected by intellectual property rights.
Who can apply for Trademark Registration?
Any person or an entity which claims to be proprietor of a Trade mark can file a Trade mark application in respect of desired specification of goods or services.
Validity for the trademark registration company in India.
The registration of a trademark is valid only for a period of 10 years.
It can be renewed from time to time.
Types of trademarks:
· Descriptive Trademarks;
· Merely Descriptive Trademarks;
· Generic Trademarks;
Can I sell or transfer my trademark?
Yes, Trademark is an intellectual property.
You can also sell, transfer, gift or franchise to any other person.
Is trademark transferable?
Trademark Assignment is a way to legally transfer the trademark rights of the original owner to the person or company interested in obtaining the rights.
It refers to the legal transfer of proprietary rights over products and services.
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https://startupstartkaro.com/service/trademark-registration/