Convert your business into a Private Limited Company to expand your reach, gain easier access to funding, boost credibility, and enjoy enhanced legal and financial security.
A major advantage of registering a Private Limited Company is that it becomes a separate legal entity, unlike a partnership where partners are personally liable for all business debts and obligations. By converting to a Private Limited Company, partners can limit their personal liability and boost the company’s credibility. Although compliance requirements are higher than in a partnership, this structure provides greater opportunities for growth, investment, and long-term expansion.
In a Private Limited Company, the liability of members or directors is limited to the capital they have committed. Even if the company is liquidated, its losses or debts cannot be passed on to the members. Moreover, no member is personally responsible for the negligence or misconduct of another member.
The separation of ownership and management lets each party concentrate on their core roles—shareholders exercise control via voting rights, while directors handle the company’s daily operations and management.
Unlike a partnership, which dissolves if a partner dies, retires, or exits, a private limited company is a separate legal entity that continues to exist regardless of changes in membership and can independently sue or be sued.
Capital raising is simpler in a Private Limited Company, as members can invest without personal liability—unlike in a general partnership, where partners face unlimited responsibility. Moreover, a Private Limited Company can access diverse funding options, including private equity, ESOPs, and other financial instruments.
PAN Card of all shareholders and directors.
Foreign nationals can submit their passport instead.
Aadhaar Card, Voter ID, Passport, or Driving License of all shareholders and directors.
Latest Telephone Bill, Electricity Bill, or Bank Account Statement of all shareholders and directors.
Recent passport-sized photographs of all shareholders and directors.
Recent passport-sized photographs of all shareholders and directors.
No Objection Certificate to be obtained from all the secured creditors of the applicant
Rent Agreement of the registered office should be provided, if any
A Copy of Partnership deed and Certificate of Registration duty verified by at least two partners of the general partnership.
A copy of latest income tax return filed by the Partnership firm
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Mainly it builds the company brand and preferably be a coined word
Second part of name should suggest the business activity of the company
Name of the company must end with “Private Ltd. Co.”
*Subject to Government processing time
To register a Private Limited Company, the following requirements must be met:
At least two directors must be appointed, with at least one being a resident of India.
A minimum of two shareholders is required. An individual can act as both a shareholder and a director simultaneously.
A registered office address in India must be provided as the official place of business.
At the time of registration, a minimum authorized capital of ₹1 lakh must be specified. However, the requirement for a minimum paid-up capital has been removed as part of the Government’s efforts to simplify business registration in India. Still, each shareholder is required to subscribe to at least one share, and a sufficient amount of capital should be introduced to support the company’s operations.
Call us at: 9414883452 or Email us : contact@submitreturn.com
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Expand your business reach with better funding, credibility, and security by converting to private limited company.
