July 13, 2022/
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Sec.10(13A) of the Income Tax Act, 1961 allows exemption from HRA (House Rent Allowance) received from the employer. The amount of…
Private Limited Company Registration
What is Private Limited Company Registration
Private Limited Company Registration is the process of legally establishing a business entity that is privately held by a small group of individuals or a family. This type of company structure offers several advantages, including limited liability protection, separate legal identity, and ease of raising capital.
Private Limited Company Registration provides a structured framework for businesses to operate within, ensuring compliance with legal and regulatory requirements while offering limited liability protection to its shareholders. It fosters credibility and trust among stakeholders, facilitating business growth and expansion.
Documents Required For Private Limited Company Registration
- Self-attested PAN card from each prospective partner is required for the Private Limited Company Registration Process.
- Self-attested passports, election cards or voter identification, Aadhaar cards, or any other form of identity verification acceptable for Indian citizens and required for Private Limited Company Registration Documentation.
- The most recent electricity or telephone or gas or mobile or other utility bills from the company’s location that are less than two months old can be used as proof of the registered office address.
- Also included are the most recent two passport-size photos.
- All directors and members must submit two months’ worth of bank statements.
Registration Criteria for Private Limited Companies
- For a private limited company, there must be at least two shareholders and two directors.
- A private limited company must have two directors, at least one of whom must be an Indian citizen.
- In India, there is no minimum capital requirement for forming a private limited company.
- Your company’s name is crucial because it creates the first impression in the minds of your buyers, suppliers, and stakeholders. So the factors to consider when choosing a name are that it should be short yet simple, meaningful, not illegal or offensive, unique, and end with the suffix “Private Ltd.
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