A private company is amost popular legal structure for businesses with private ownership. Private company registration is extremely necessary for every private firm owned by the entrepreneurs. Therefore, it is not necessary to meet the Securities and Exchange Commission’s (SEC)strict filing requirements for public companies.It is widely accepted form of business entity among foreign investors to joint venture, form a subsidiary or completely own company in India.
Private companies may issue stock and have shareholders, but their shares do not trade on public exchanges and are not issued through an Initial Public Offering (IPO).In general, the shares of these businesses are less liquid and their values are difficult to determine.
To incorporate a private company, minimum of two members are required and maximum number may be up-to two hundred. Only natural person or companies including foreign companies are eligible to form a private company. After the members agree the private company registration India is done.
Registering a business as a private company can be a trouble some task requiring the lot of paper work.You cannot efficiently run your business without getting it registered first. Here, at LexOracle we make this task more efficient and easy for you. Just focus on your business goals and leave the rest to us. Our expert team is here to help you and meet all your private company registration needs.
Get your private company registration in Delhi or in any other part of the country and get going with your business without any hurdles. Our team of experts makes sure that you are kept updated from time to time about the status of your Private company registration. We make you acquainted with all the legal terms and technicalities and ensure that you are well aware of the entire registration process of your firm.
With lots of time and hassles involved and a fair chance of the process getting stuck up with frequent objections, it becomes tire some for new age entrepreneurs to register a company themselves. Executing this task while doing other business related works and ideas to focus on, is not possible for the entrepreneurs alone.So, you work hard on building the business on track of success and leave the registration process on us!
If you are interested in opening up your private company, we at LexOracle are always on the go to help you. Our talented professionals ensure that you get acquainted to all all the technicalities related to setting up a private company. We make sure that you need not invest any unnecessary time in worrying about the legal formalities of setting up your business but instead focus on your business.
1.What is a Company
Company is an association of persons registered under the Companies Act 1956. It has a legal personality separate from the persons who own or manage it.
2. How many types of companies are there?
Private either limited or unlimited liability or by guarantee, One Person Company, Public Limited Company
3. What is a Private Limited Company
Private Limited Company is formed with minimum of 2 members and 2 Directors. Maximum number of members in a private company is restricted to 50. The name of the company shall end with the words ‘Private Limited’.
4. What is a Public Limited Company
Public Limited Company is formed with minimum of 7 members and 3 Directors. There is no restriction on maximum number of members. The name of the company shall end with the word ‘Limited’.
5. What is a Non profit Organisation (Generally known as Sec.25 Companies)
Sec.25 Company is formed for the purpose of promoting commerce, art, science, religion, charity or any other useful objects and not with the object of making profit. Registration of such companies require prior permission from the Central Government and the words ‘Private Limited’ or ‘Limited’ can be dispensed from the name.
6. What is a Foreign Company
Foreign Company is a company registered outside India, under a foreign law other than Indian law.
7. What is a Branch Office / Liaison office of a Foreign Company
A Foreign Company can open a Branch / Liaison office in India subject to the approval of Reserve Bank of India (RBI). Up on receipt of approval from RBI, the Branch / Liaison office has to be registered with the office of Registrar of Companies New Delhi by filing necessary documents.
8. What is a Limited Liability
Limited liability means liability of a member in a company is limited to the extent of their shareholding in the company. The shareholders of the company are not personally liable for the liabilities of the company and his liability is limited to the unpaid amount on shares registered in his name.
9. What is a Name of the company
The name of the company shall be unique for registration. The name of a Private / Public Company shall end with the words “Private Limited” or “Limited” respectively. The name of the company shall comply with the Guidelines for name availability as prescribed by the Ministry of Corporate Affairs.
10. What is Objects / Activities of the Company
A company is promoted to carry out particular activity(ies). These activates are otherwise called as objects of the company. The Main objects of the company for which the company is registered should be detailed in the Memorandum of Association of the Company.
11. What is a Capital of the Company
Capital of a company is the contribution by shareholders towards the corpus of the company. The Capital of the company is divided in to smaller units of shares.
12. What is a Authorised Capital / Registered Capital
Authorised Capital (Registered Capital) of a company is the upper ceiling limit of capital which a company can issue shares and collect money from the shareholders. Authorised Capital of a company can be enhanced by a Resolution at a meeting of Shareholders.
13. What is a Issued Capital
Issued Capital is the portion of Authorised Capital that the company has issued shares to the shareholders of the company.
14. What is a Called up Capital
Called up capital is the portion of Issued Capital that the shareholders are requested to pay to the company.
15. What is a Paid Up capital of the company
Paid up capital is the portion of Called up capital that is paid by the shareholders to the company.
16. What is a Minimum Capital of the company
Private Companies should have Minimum Capital of Rs.1 Lakh and Public Company should have Minimum Capital of Rs.5 Lakhs for registration.
17. What is a Digital Signature
Digital Signature is a legally recognized method of signing documents electronically. A digital signature is a type of asymmetric cryptography used to simulate the security properties of a handwritten signature on paper. Digital signature schemes normally give two algorithms, one for signing which involves the user’s secret or private key, and one for verifying signatures which involves the user’s public key. The output of the signature process is called the “Digital Signature”.
18. What is a Directors Identification Number (DIN)
Directors Identification Number or DIN is an identification number issued by the Ministry of Corporate Affairs to a director or a prospective director of a company. For obtaining a DIN, an online application has to be made to the Ministry of Corporate Affairs and the documents supporting Identity / Address Proof has to be submitted to their office. On verification of the documents, MCA will allot the DIN.
19. What is a Registration of Digital Signature / Role Check
The Digital Signature of a person has to be registered against the DIN with the MCA. Registration of DIN with MCA is a prerequisite for accepting the forms signed with the Digital Signature. Role Check is being done to map the DSC with the respective DIN.
Documents required to be submitted for registering the business as private limited company is identicalto that for One Person Company registration.
Step1:- Receive free expert counseling on PVT LTD Registration (counseling on Share capital, no. of Directors and nature of Business)
Step2:- Pay 50% of the payment
Step3:- Submit the required documents self attested. Application process will start within 24 hours.
Step4:- Pay rest of the 50% of the payment at the time of execution & Final submission of documents.
Click on apply now and get it done right away!!
|Packages Starting from||INR 10,999/-[All inclusive]|
Private Company Registration with DSC, DIN, the filing of an eform or new user registration and company incorporation within 12* days. LexOracle provides different all-inclusive packages starting from JUST INR 10,999. We offer lowest prices on the basis of No. of Partners, Share Capital and Nature/Objective of Business.
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Prices are inclusive of Taxes.
*Time period quoted is tentative and approximate
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