These are closely held businesses usually by family, friends and relatives. Minimum 2 members can start the company and minimum 2 directors needed. Private companies may issue stock and have shareholders. However, their shares do not trade on public exchanges and are not issued through an initial public offering.
If the company experiences financial distress because of normal business activity, the personal assets of shareholders will not be seized by creditors
The continuity of existence of the business is not affected in any way by the status of the owner, which helps in avoiding inconveniences
Scope of expansion is higher because it is easy to raise capital from financial institutions with the advantage of limited liability.
Digital Signature Certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates required to start a company
Director Identification Number is a unique identification number assigned to all existing and proposed Directors of a Company. It is mandatory for all present or proposed Directors to have a Director Identification Number. Director Identification Number never expires and a person can have only one Director Identification Number.
Yes, provided there is atleast one director on its Board who has stayed in India for a total period of not less than 182 days in the previous calendar year.
There is no requirement of Minimum paid up capital for starting a Private limited company.
An address in India where the registered office of the Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.
No, you will not have to be present at our office or appear at any office for the registration of a Private Limited Company. All the documents can be scanned and sent through email to our office. Some documents will also have to be couriered to our office.
To be a Director a person has to apply for DSC first and once DSC is made then a person can apply for DIN.
Yes, a director can be a foreign national provided the company has atleast one director on its Board who has stayed in India for a total period of not less than 182 days in the previous calendar year.
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