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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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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An OPC (One Person Company) can become a holding company by way of holding more than one-half of the total share capital in Company or by control over the composition of Board.
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For Incorporation of a company one shall consult a practising professional as law requires certification from professional such as Company Secretary while incorporation of company. LegalWiz.in is India's Premier professional services website, experienced professionals of LegalWiz.in can help you to get you company incorporated at very affordable prices and in simple, transparent and hassle-free manner.
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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 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 advantages of Private Limited Company in India. The benefits of a Private Limited Company include tax savings and assets.
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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 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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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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Let's discuss the basic types of a company in India. Various types of companies can be formed according to the requirement of business and its activities.
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Trademark - valuable asset for any Company. Know entire process about Company as an Applicant for Trademark Registrations.
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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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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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The Companies Act, 2013 requires mandatory Statutory Audit by Chartered Accountant, which is also mandatory requirement for the One Person Company.
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