There are many restrictions as well as exemptions provided to Private Limited Company compared to Public Company. You may go through our blog "Raising Funds in Private Limited Company - Know the mandates!" to know more about few restrictions laid on Private Company.
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The word "Limited" is used as suffix in Public Limited Company whether Listed or Unlisted whereas the word "Private Limited" is used for Private Limited Company.
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The advantages of Private Limited Company in India. The benefits of a Private Limited Company include tax savings and assets.
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Incorporation of a private limited company is simple but a detailed task to accomplish. The Incorporation process of a private limited company as well as the LLP is nearly similar.
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Looking for guide on conversion of Limited Liability Partnership into Private Company? Know the pre-requisites & procedure to convert LLP into Private Company.
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A private company is a company registered under Indian Companies Act, 2013 and Incorporated after following the procedure prescribed under the Act. The status of Private Limited Company is given by the law under which it is incorporated and registered under the Act.
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The organisational structure of Private Limited Company is highly preferred by the start ups these days considering the ease in raising funds through shares allotment at premium pricing.
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Know what one should be aware of before approaching any Professional Expert to set up your Limited Company. While registering any Limited Company, certain rules and regulation of Indian Companies Act, 2013 shall be followed in order to make sure that your company does not face any legal obstacles and complications.
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By virtue of provisions laid under Companies Act, 2013, a Private Company cannot proceed for Public Issue.
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The Indian Companies Act, 2013 provide no restriction for the employment of the shareholder in any company as the company and shareholder are having distinct identity.
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The words "Private Limited" suggest the nature and constitution of organization. For the purpose of using words "Private Limited" as suffix in the name of any organization.
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Every kind of organisation is paired with advantages and disadvantages, which build the ground to select a suitable and compatible organisation structure for business specific requirements.
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Limited Liability Partnership is an organisation structure introduced with an aim of combining the benefits of a corporate entity Private Limited Company and Partnership Firm.
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The phone company OPPO is a very famous brand, which can cause one to stop using the similar name, where it is affecting their brand value or market share.
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To incorporate a company, one shall follow the procedure mentioned under Companies Act, 2013, which is provided below in brief:
Acquire for DSC of the proposed Directors and subscribers to MOA.
Application for DIN Allotment in Form Dir-3.
Application for reservation of name under form INC-1.
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For the purpose of indulging into dealing by way of online platforms like Amazon, it is more preferable to choose such kind of entity which limits your liability such as LLP or Private Company.
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Every kind of organisation is paired with advantages and disadvantages, which build the ground to select a suitable and compatible organisation structure for business specific requirements.
For more details visit us at LegalWiz.in