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Private Limited Company Registration   Private limited company registration is one of the most popular forms of entity registration in India.   In this write up, we would be discussing about some of the advantages and shortcomings of the private limited company registration in India.   Some advantages of private limited company registration   1)       Liability of its members are limited   As the name suggests, in case of private limited companies, the liability of its members or shareholders are limited to number of shares held in the company. Therefore, in case of any unforeseen circumstances, if the company defaults, the members would be liable to pay on the behalf of the company only up to the amount of capital held by them. In case of partnership, each partner is fully liable to pay in case of any default by the partnership firms. 2)       Start-up India Scheme The benefits of ...

Private Limited Company Registration   In this write-up, we would be discussing about 5 things which everybody should know about private limited company registration i n India. 1)       In private limited company, the directors manage the day to day affairs of the company and they are separate from the company itself. The real owners are shareholders in the private limited company and shareholders may be different from the directors.   In other forms of entity like in proprietorship firm, proprietors are the owners of the firm and also manage the firm. Similarly, in case of partnerships and limited liability partnerships, partners are the owners and they manage the firm and LLPs respectively.   2)       In private limited companies as well as LLPs, name of the company needs to be get approved from ROC/MCA and it is the discretion of the ROC/MCA whether to grant approval for any particular name or not. In case of...

  Private Limited Company Registration   Private limited company registration is the most common form of company registration in India. It is a type of company which has limited share capital and maximum number of shareholders. The main benefit of registering a private limited company is that it offers a high degree of legal security to the owners. The owners are protected against personal liability, which means that they are not personally liable for the debts and obligations of the company. While a private limited company can be set up in few days, however, you need to be aware of the legal requirements to set one up. That’s why it’s a good idea to talk to a professional before you go ahead with the process. The following sections will guide you through how to register a private limited company in India in the simplest manner.   Basic Features of a Private Limited Company Some of the features of the private limited companies in India are as under: 1. ...

  PRIVATE LIMITED COMPANY REGISTRATION The Covid-19 pandemic has not been able to dampen the spirit of entrepreneurial spirit in India and many new private limited company registration has taken place during last 2 years of pandemic.   This is quite remarkable since there has been economic and business uncertainty owing to pandemic and still Indian businessmen were quite upbeat with their entrepreneurial spirit.   After hitting an all-time law company registration in India in April 2020, there has been month on month growth in new private limited company registration in India.   As per MCA database, the number of private limited company registration was only 3,209 in April 2020 which slowly and steadily gained momentum and crossed 16000 registrations in July 2020 which again rose to 17,324 companies in March 2021. Between September 2021 to January 2022, there has been consistent rise in new company registration and number ranges between 15,000 to 20...

  Private Limited Company Registration Company Registration There are many options of doing business in India like Private limited company registration , Public limited Company Registration, Limited Liability Partnerships, One Person Company, Proprietorship, traditional partnership. Each entity has its own pros and cons and type of entities depend upon the nature of business as well as long term vision of the entrepreneurs. Private limited company registration is very popular form of company registration in India especially among the new generation of startups and youth in India. Private limited companies are required to do lot of regulatory compliance post registration as compared to other form of entities and therefore, sometimes a question comes in the mind of an entrepreneur as to whether it is worth going for private limited company registration as compared to other forms of entity registration keeping in view the increased compliance cost and other hassles. In th...

Private limited company registration In India, startups are becoming very popular nowadays. Under the leadership of Honorable Prime Minister Narendra Modi, the government of India has started and promoted the startup India Scheme in year 2017. It is an initiative of Indian government to build a robust eco system which is conducive to the growth of startup business. The idea is to generate employment and drive economic growth. It also aims to empower startups to grow through new design and innovation.   In order to be eligible for this scheme, the entity should opt for either private limited company registration or LLP registration or partnership registration. Any existing company can also opt for above scheme however, it should be in operation for not more than 10 years from the date of its incorporation.   Some of the benefits of company incorporation in India under startup scheme as mentioned below: 1.        Simple Process In Indi...