Gsagroups will helps you to make a better Private Limited Company which is a type of business that is held by stakeholders or shareholders privately. It is a popular legal structure for businesses in many countries which is common whole over the world including India. It will work under the guidelines of the Companies Act, 2013 in India which offers wide range of advantages, including LLPs protection, separate legal identity, and ownership restrictions to the shareholders. A (Pvt.Ltd.) can own properties, contracts, and it is responsible for its own debts. It typically takes a few days or a couple of weeks, depending on the documentation completeness. gsagroups.in
Key aspects of a Private Limited Company:
- (LLP) Limited Liability Protection: The liability of shareholders is limited to the amount unpaid on their shares. Personal assets of shareholders are not at risk for company debts.
- Separate Legal Entity: Every company has its own legal identity which is separate from its shareholders and directors.
- Ownership Restrictions: The private limited company shares cannot be freely transferred without the permission of other shareholders. This will make ensure that the control will remains same or within in a small group.
- Members required: It needs minimum of 2 and a maximum of 200 members/shareholders (except employees or ex-employees who were shareholders).
- Board of Directors: A minimum of 2 directors are required, and at least one of them must be a from Indian residence.
- Requirement of capital: For starting a private limited company there is no need of a capital but for authorized capital is usually ₹1,00,000.
Gsagroups will provide the best features for private limited company:
- Credibility: It efficiently enhances credibility with customers, suppliers, and investors.
- Ease of Fund the raising: It will raise funds from investors and banks more easily as compared to other business.
- Taxes: Some of the companies are eligible for various tax exemptions and deductions.
- Control on decision making: It will make control over decision making because ownership is limited to shareholders.
- Increase in Scalability: It provides a support over long-term growth and expanding structure. gsagroups.in
gsagroups follow the Registration process in a very understandable way:
- Make sure to obtain Digital Signature Certificate (DSC) for the directors.
- Then after DSC you can apply for Director Identification Number (DIN).
- Then choose a Company Name which should be unique and check for availability cases.
- After that File a Incorporation Form with the registrar of companies (ROC) which includes the Memorandum of Association (MOA) and Articles of Association (AOA).
- And at last make sure to obtain a Certificate of Incorporation when the ROC application approved.
Documents Required by gsagroups for Private limited company (PVT. LTD):
- Documents required for Directors:
• Proof of Identity issued by the government only:
o Aadhar card (India)
o Passport
o Voter ID
o Driver’s license
• Recent proof of address showing your residence:
o Utility bill (electricity, water, etc.)
o Bank statement
o Rent agreement
o Aadhar card copy
• Passport-sized photographs of the directors and shareholders:
• Unique identification number(UIN): Obtained from the Ministry of Corporate Affairs (MCA) in India given to the directors and shareholders - Documents required for the Company:
• A document which outlines the company’s objectives and scope of activities which defines the relationship between the company and its shareholders called MOA (Memorandum of Association).
• A document that defines the internal regulations and management of the company called Articles of Association (AOA).
• A document used to verify the address where the company will be located called Registered Office Proof Identity.
o A rental agreement
o A utility bill in the company’s name
• A NOC ( no objection certificate) from the property owner is required. - Additional Documents (if needed):
• Passport
• Foreign Director Documents
• Bank Account Proof gsagroups.in
