Private Limited Company registration is the most popular legal structure option for businesses in India. A private limited company can have a minimum of two members and a maximum of fifty members. The directors of a private limited company have limited liability to creditors. In a case of default, banks/creditors can only sell the company’s assets but not the personal assets of directors. If you want to start a company in India then make sure your company is registered as Company Registration should be your first priority. It is very important to register your company as a registered company has multiple advantages from easy to register to easy to dissolve.
Start-ups and growing companies prefer private limited company as it allows outside funding to be raised easily, limits the liabilities of its shareholders and enables them to offer employee stock options to pull in top talent.
Private Limited Company Benefits
It is flexible and has limited liability
Greater capital contribution and greater stability
Possibility to grow big and expand
Documents For GST Registration of Private Limited /Limited/OPC/Company
PAN card of the company Registration Certificate of the company Memorandum of Association (MOA) /Articles of Association (AOA) PAN card, photograph and aadhar card of all Directors Bank details- a copy of canceled cheque or bank statement Address proof of Principal place of business and additional place of business
Own office Copy of electricity bill/landline bill/ water bill/ municipal khata copy/ property tax receipt Rented office Rent agreement and No objection certificate (NOC) from the owner Proof of appointment of authorized signatory- letter of authorization