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Expand your business reach by converting to a Private Limited Company—gain improved access to funding, enhanced credibility, and greater security.
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One of the key advantages of registering a private limited company is that it becomes a separate legal entity, unlike a partnership firm. In a partnership, partners are personally liable for all debts and liabilities of the business, and their personal assets may be at risk. As the business grows, converting to a private limited company allows partners to limit their liability and enhance the company’s credibility. While statutory compliance is higher for a private limited company compared to a partnership, it offers greater opportunities for growth, investment, and expansion.
The liability of members or directors in a private limited company is limited to the amount of capital they have agreed to contribute. Even in the event of liquidation, the company’s losses or debts cannot be transferred to its members. Additionally, one member is not held accountable for the negligence or misconduct of another.
Separate ownership and management allow each to focus on their core responsibilities. Shareholders retain control through voting rights, while directors are entrusted with the day-to-day operations and management of the company.
A partnership is not a separate legal entity, so if a partner dies, retires, or exits the firm, the partnership dissolves and a new one must be formed. In contrast, a private limited company is a separate legal entity, allowing it to continue existing independently of changes in membership and giving it the legal capacity to sue or be sued.
Raising capital is generally easier in a Private Limited Company, as it enables members to invest without assuming personal liability—unlike a general partnership, where partners bear unlimited responsibility for the business’s obligations. Additionally, a Private Limited Company offers multiple avenues for fundraising, such as private equity, Employee Stock Ownership Plans (ESOPs), and other financial instruments.
PAN Card of shareholders and Directors.
Foreign nationals may provide a passport.
Aadhar card, Voter ID/ Passport/ Driving License of Shareholders and Directors
Telephone Bill /Electricity Bill/ Latest Bank Account Statement of Shareholders and Directors
Latest Passport size photograph of Shareholders and Directors
Electricity Bill/ Telephone Bill of the registered office address
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.”
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.