A private Limited Company (Pvt Ltd Company) is the most common form of business, since by nature it is a separate legal entity. Entrepreneur prefers to incorporate a Company as it is a form of business which is separate from its promoters. Further, with the intention to promote digital India programee and less departmental communication, the government Endeavour to reduce the time taken to incorporate a company. Earlier it used to take around 25-30 days which has been reduced to 7-10 days. It is a voluntary association of not less than two and not more than 200 members, whose liability is limited. Their shares do not trade on public exchanges i.e. NSE and BSE and are not issued through an initial public offering. The shareholders hold all the shares of the company privately. Further Indian Companies Act, 2013 has provided certain number of privileges and exemptions to private limited companies in order to facilitate doing business in India easily and effectively without much compliance. We, at complainceship, having the experience of more than 9 years of registering a private limited companies in India, provide full fledge assistance to the entrepreneur in registering his/ her private limited company without any hassle and help them in achieving their dreams.
A private limited company can be formed by two person after complying the formalities as laid down under Companies Act, 2013 by filing form INC-32, INC-33 & INC-34.
In a Private Limited Company the liability of the shareholders is limited. The liability of the members of a company is limited only to the extent of the face value of shares taken up by them.
There is no minimum capital requirement for formation of Private Limited Company.
Private Company is eligible to receive Foreign Direct Investment in terms of RBI Guidelines and FEMA Provisions.
Scope of expansion is higher because easy to raise capital from financial institutions and the advantage of limited liability.
Complianceship is the technology driven platform