About Private Limited Company Registration
According to the 2013 Act, a private corporation must have a minimum of two members and a maximum of 200 members in order to be incorporated. The shareholders of any private limited business are not required to liquidate their personal assets in the event of financial risk, meaning they should have limited liability.
Private limited companies in Delhi (India) have been around from a very long-time duration. A private limited company continues to operate even if, one or more of its members pass away or declare 'bankruptcy'. Two directors are required for online company registration, and a firm may have up to 15 directors’ total.
The prospective director must be at least 18 years old. Any private limited company in India may elect a foreign national as a director.
For the registration of a private limited company, there is no minimum paid-up capital requirement. Every private limited corporation must follow their name with "Pvt. Ltd."
The private limited corporation has no connection to the public and is not permitted to demand any security from any public or public sector.
Individuals are not accountable for the transfer of shares in a private limited business, protecting them from takeover attempts by large corporations.
Know how Alonika can help you with Private Limited Company Registration in Delhi:
help in the filling of the 'applications'
help in managing & preparing documents
Every step 'support'
What are the formalities associated with Company Registration?
The post and important formalities are as follows:
#Corporate Stationery
the company must obtain the corporate staffs to use in the matter of compliances.
#Name on Board
Companies are required to put the name of the company, and the location of its registered office outside their office location.
#Share Certificates
The Companies must address and share the certificates with all the contributors within the 2 months duration from the date of establishment.
All stationery, receipts, announcements, and other official corporate records must include the company's name and registered office address.
#Appointment of Auditor
The first auditor of the company must be a Chartered Accountant, and the Board of Directors must make that designation within 30 days of the creation of the firm.
#Stautory Register
Every corporation is required to keep a statutory register that includes details about the shareholders and management of the company, including a list of directors, a register of members, charges, and debentures.
Organizational Structure Comparison Guide to give you an ‘Overview’:
Partnership Firm
an entity is not a 'separate legal' entity
minimum 2 members & maximum 20 members
Entity Registration under the Partnership Act, 1932.
this firm is reliable of only for 30% of the company's profit
LLP
an entity is a separate legal entity
minimum 2 members are required. No limit to the maximum number of members
LLP is registered under MCA
It is reliable to pay income tax of 30% of Profit Plus CESS and Surcharges applicable
An entity is considered a separate and legal entity as well
There must be a minimum of 2 and a maximum of 200 members;
Members' responsibility is only up to the value of their share capital;
A private company must pay income tax at the rate of 30% of its profit plus any applicable CESS and surcharges.
OPC
The entity is a separate legal entity
One member is required
transfer of OPC is allowed to only one person
ITR is filled with the Registrar of Companies
Proprietorship
the entity is not considered a separate legal entity
One member team is maximum
here, the registration is not compulsory
the ITR (Income Tax Returns) is filled with the Registrar of Companies
the transferability option is only for one person
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