Private limited company is a company which require minimum two member and maximum can be 200 member. It is the most popular incorporation amongst the entrepreneurs to raise funds from Venture capitalist and foreign entities and also allows foreign direct investment.
Private Limited companies are widely accepted worldwide among startup as compared to other form of incorporation.
Minimum Authorized share capital required only Rs. 1 Lakh however it may increased as per the requirement.
Separate Legal Entity.
Perpetual Succession- Company will exists in eyes of law even in case of Death, Insolvency, Bankruptcy of its any member.
Equity funding- Can easily go for Venture capital funding or private equity funding.
Have own property in name of Company.
Easy to incorporate with low documentation and cost efficient.
Tax Advantage- Its can manage taxation effectively with rate of 25% upto turnover of Rs. 50 Crores.
Brand Image- It gives sense of confidence among suppliers and customers has better Brand Image in contrast with LLP or OPC.
Easy to borrow funds from Banks and Financial Institutions.
Transparency- It able to gain trust of general public.
Management- There is separate management to manage operations of business.
Collection of DocumentsPAN
Bank Statement ( Latest two months)
ID Proof (Aadhar/Voter ID/DL /Passport etc.
Apply for Digital Signature (DSC) & Director Identification (DIN)Application of DSC and DIN is the initial phase which taken about 1-2 working days.
Name ApprovalMinimum 1 and Maximum 6 Name can be submitted basis on preference subject to name guidelines and availability of such name. Name shall be approved in 2-3 working days.
Memorandum of Association and Articles of AssociationWe will draft and finalize your company’s MOA & AOA along with other pre-requisite documents
Filing Forms with ROCPost completion of Name approval we will file forms with Registrar of Companies (ROC) for approval.
Incorporation Certificate & PAN/ TANA certificate of Incorporation is issued by MCA within 2-3 working days along with PAN & TAN.
* 1. PAN | 2. Bank Statement ( Latest two months) | 3. ID Proof (Aadhar/Voter ID/DL /Passport etc. | 4. Address proof (Telephone bill/ Electricity bill/ /Aadhar/Passport) | 5. Photograph of Director | 6. Business premises proof (Electricity Bill/ House tax Bill/ Water Bill) | 7. Rent agreement & NOC of Landlord if premises not owned ( Format provide by Business Neev)
500+
200+
15Years
