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Lawyers for Private Limited Company Registration in Delhi

A few people privately form a corporation known as a private limited company. A private limited company's stockholders are unable to conduct public share trading.

PRIVATE LIMITED COMPANY

A private firm is one that is owned by non-governmental organization, a relatively small number of shareholders or members, or both. Instead of offering or trading a company's shares to the general public on stock exchanges, the private share of a company is frequently owned and exchanged.

The Company's Act

The Companies Act of 2013 permits shareholders and members of different kinds of companies with differing degrees of liability to incorporate. Depending on the needs of the business, the promoters can choose between the following three types of Private Limited Companies in addition to the organisations (LLP, Private Limited Company, One Individual Company).

Types of Private Limited Company

  • Company Limited by Shares: In these businesses, the members' liability is limited to the nominal share value stated in the Memorandum of Association. The value of the shares that the shareholder purchased from the corporation is the only amount for which they can be held liable.
  • Company Limited by Guarantee: In a private limited company limited by guarantee, the amount of liability that each member assumes in the Memorandum of Association regulates the members' liabilities. The amount of guarantee that each member of a Private Limited Company Limited by Guarantee gave in the Association Memorandum is therefore the only amount for which they are accountable.
  • Unlimited Companies: Unlimited corporations are those kinds of companies that do not place any limitations on the responsibility of their members. The total sum of the company's debts and obligations is subject to each member's liability. As a result, in the event that a company is liquidated, its creditors would have the authority to force shareholders to pay the debt and liabilities of the company.

Conclusion

The first step in starting a successful business is forming a private limited corporation. Similar to this, the quality of the major choices made determines how successful an entrepreneurial journey will be. An entrepreneur must contribute at numerous points to make the proper decisions, from the business to be founded to the corporate entity to be chosen for the particular business.

A private firm is one that is owned by non-governmental organization, a comparatively small number of members, shareholders or both.

These are as follows:

  • Company Limited by Shares
  • Company Limited by Guarantee
  • Unlimited Companies

The price range for the several company registration forms in India is between 1500 and 15000 rupees. The price would also be influenced by state taxes. Similar costs might range from Rs 6,000 to Rs 60,000 for the registration of a private limited corporation. This will again rely on a number of variables, including the professional fee and other things like the number of directors and members in the company.

The process of registering a corporation can now be finished in 9–10 days, providing all required documents are prepared and the majority of actions are conducted online

Proper Identity Proofs such as PAN card, Aadhar card, a valid driving license, or an Indian passport of the standing directors and shareholders of the company

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