Benefits and Advantages of Private Limited Company Registration in Indiranagar
In a Private
Limited Company Registration in Indiranagar the most common work
to carry on a business that exists separately intending to make a profit and
enjoy the benefits that were offered by it, particularly in the limited
liability. It is a voluntary association of at least 2 and it is not more than
two hundred members or shareholders, whose liability is limited according to the
shares that were held by the company. The shares of a Private Limited Company
cannot be traded on public exchanges and are not issued through an IPO; hence
the shares of a Private Limited Company are kept privately. The Companies Act
of 2013 has granted a lot of privileges and exemptions to private companies in
order to facilitate an easy way of doing our business in India.
ADVANTAGES
OF COMPANY REGISTRATION:
1. Easy to
Incorporate: The incorporation of a Private Limited Company at times used to
involve a huge time and which will also cost a huge amount for a businessman.
But at present, the Ministry of Corporate Affairs has come out with the website
from SPICE+ for Company Incorporation. The Website form provides us various
registration through one application i.e., PAN Number, TAN Number, ESI
Registration, EPF Registration, etc.
2. Limited
Liability: A Private
limited Registration in Indiranagar provides Limited Liability
to all its shareholders or the members, unlike ownership or the Partnership
where the liability of its owners is not limited. In the case of Company
Registration, the liability of the shareholders/ members is limited to the
amount which is unpaid on the shares that had been issued to them. Their
liability is limited to the extent of the value of shares taken up by them.
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3. Minimum
Capital Requirement: There is no such minimum capital which is required for
incorporating a Company.
4. Separate
Legal Entity: A Company is treated as an artificial person. Therefore, in the
eyes of law, it has a separate legal entity that is different from the
Directors or the persons acting on behalf of the Company. Being one of the
major benefits of registering a private limited company as the members are not
personally legally answerable for the Company’s acts.
5. Perpetual
Succession: In Private
Company Registration service provider in Indiranagar as a
Company, it should have a separate legal entity, thus the cessation/ death of
director/ or members that do not affect the future of the Private Limited
Company. Any member may come or go but the company will work on forever.
6. Foreign
Direct Investment: Every business requires funds for its survival and growth.
Therefore, It is easier and simpler to take investment through a Private
Limited Company.
7. Ease of
Decision: As the control of the business remains in the hands of the
proprietors of the Company. Hence, the decision can be taken and executed very
fast.
8. Power to
sue and be sued: Being a separate legal entity, a private limited company can file
a suit against the third party in its own name and the third party may also
file suit against it.
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Blog: SPICE PLUS COMPANY PROCEDURES
9. Transfer
of shares: The shares of a private limited company are free transferable
subject to a condition as may be forced by the board of directors. Hence it
becomes easy and quick to control the transfer or the dilution of interest and
to avoid outside utterance in holding of shares.
Which
documents are required for company registration?
ID Proof (
PAN Card of both the directors)
Address
Proof 1( Adhaar/Voter ID/Passport/Driving License of both the directors)
Address
Proof 2 ( Electricity Bill/Telephone Bill/Bank Statement of both the directors)
Photograph
of both the directors
Electricity
Bill and Rent Agreement of premises to be kept as the registered office address
How to Apply for PRIVATE LIMITED
COMPANY Services in Indiranagar?
Do you want to get a PRIVATE LIMITED
COMPANY Services in
Karnataka? then we are here to help you, we are the top company incorporation
service provider in Bangalore. feel free to send your inquiry to info@consultry.in
or feel free to contact: 7975187793 or visit https://www.consultry.in/
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