Hello Startup – Consultancy Services by Kartgen Infotech LLP
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Private Limited Company is the easiest and most authentic way of company incorporation in India. Most people choose this form of business registration because of its beneficial features like limited liability and separate legal entity for its shareholders and directors. More than 90% of registered companies in India are Private Limited Companies. It is the most popular form of company registration as it provides reputation and credibility to the business in the market. Get to know the process, fees, and requirements of Pvt. Ltd. registration.
No of Shareholders | 2 individuals |
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No of Directors | 2 individuals ( Can be 3) |
Authorized Capital | Rs. 1 lakh minimum |
Paid-up capital | Rs. 10,000 |
NOTE: This is just a primary requirement the no of directors can be increased to 15 and the number of shareholders can be increased to 200.
Features | Proprietorship | Partnership | LLP | Company |
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Definition | Unregistered type of business entity managed by one single person | A formal agreement between two or more parties to manage and operate a business | A Limited Liability Partnership is a hybrid combination having features similar to a partnership firm and liabilities similar to a company. | Registered type of entity with limited liability to the owners and shareholders |
Ownership |
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For One Person Company
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Registration Time | 7-9 working days | |||
Promoter Liability | Unlimited Liability | Limited Liability | ||
Documentation |
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Governance | – | Under Partnership Act | LLP Act, 2008 | Under Companies Act,2013 |
Transferability | Non Transferable | Transferable if registered under ROF | Transferable | |
Compliance Requirements |
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PAN is mandatory for Indian Partners.
Passport is mandatory for Foreign Partners.
Aadhaar is mandatory for Indian Partners
Any document issued by a Foreign Government having photo and address of the Partners
Latest bank statement of the Partners
Latest telephone bill for the registered office premises. Electricity bill preferred.
Latest mobile bill for the registered office premises. Electricity bill preferred.
If the proposed Partners is another company or legal entity.
If the proposed Partners is another company or legal entity.
If the proposed Partners is another company or legal entity.
Recent Utility bill of the place of Business.