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WHAT IS A PRIVATE LIMITED COMPANY?
Private limited company is a perfect start for anyone who wants to start their business to give it a separate legal identity. Private limited company can be formed with ease and its procedural compliance are also easy when compared to that of a public company.
“Private” means that the company isn’t public, as defined by the companies act. A public company is one that has more than 50 shareholders, or which has decided to go for an IPO and list itself on an exchange, or such. There are specific rules that apply to public companies – director compensation limits, reporting rules, internal audit requirements etc. Private companies have none of those requirements, though they do need to report results and get audited once a year.
FEATURES OF PRIVATE LIMITED COMPANY
Its is the only form of business other than public limited company to raise fund from the venture Capitalist or Angel Investors, It cannot go to public like other big companies.
To start private limited company minimum 2 members are required and maximum 200 as per the provision of company act 2013. Employees who have shared not count in this 200.
Most important feature of Pvt Ltd Company. If, someone field a claim you more than your business assests. In such cases, your personal assets can be bought and sold to pay the debt.
This is perhaps the most important feature of Private Limited Company. Imagine a scenario , where someone field a claim you more than your business assests. In such cases, your personal assests can also be bought and sold to pay the debt.
‘Private Ltd’ company cannot issue prospectus since it cannot invite general public to purchase its shares.In case, no prospectus is issued a statement-in-lieu of prospectus must be filed with Registrar of Companies.
If the company become insolvent the investment in the company would be lost but the shareholders would not be pursued for any short fall to pay creditors unless they were proves to be acted recklessly.
ADVANTAGES OF PRIVATE LIMITED COMPANY
A private limited company can be started off with just two members who will be the shareholders and directors..
Minimum capital required to incorporate a private limited company is one lakh.
Companies enjoy better avenues for borrowing of funds when compared to other forms of business such as sole proprietorship and partnership.
A company enjoys separate legal identity unlike partnership firms.
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adivan is web portal of adivan Business Solutions Private Limited with operations since 2019. adivan is one stop business setup and consulting company, managed by a specialized team of Business Analysts, Company Secretaries, Chartered Accountants, Corporate Lawyers and Financial Professionals company headquartered in , India. Having known for our quality of services, delivering the projects on time, we have clients spread across the globe
Our Professionals Will help you in getting your business licenses and Business licenses necessary for smooth running of businesses.
We will make your business to GST Compliance. Returns are required to be filed digitally online through a common portal to be provided by GSTN
We will provide income tax return preparation, Revised return, Responding to Department notices and solving other Income Tax related issues.
We will Provide Funds for both personal and Business. Our funding system gives a credit line facility, enabling you to expand your business to new heights.
WHAT ARE THE DOCUMENTS REQUIRED FOR FORMATION OF PVT. LTD. COMPANY
WHAT INCLUDES IN THIS PACKAGE OF PVT LTD COMPANY ?