PRIVATE LIMITED COMPANY Registration

Call For Free Consultation

9313454647

Email address

Support@legalstartup.in

WHAT IS A PRIVATE LIMITED COMPANY ?

A Private Limited Company is a privately held small business entity. The liability of members of a private limited company is limited to the number of shares held by that member. A private limited company is governed by Companies Act,2013. Minimum number of shareholders required to start a private limited company is two while the upper limit of members is 200 in accordance with the Companies Act,2013.

If a private limited company faces financial risk, its shareholders are not liable to sell their individual assets i.e. they have limited liability. There must be minimum two directors and maximum 15 directors for a private limited company and a director must be 18 years above in age. A foreign national can become a director of private limited company India.

It is compulsory to add private limited (pvt ltd) to the name of a private limited company India. Minimum paid up capital amount for a private limited company is Rs. 1 Lakh. A private limited company keeps on existing even in the case of death or bankruptcy of its Members.

Eligibility and requirements of Private Limited Company

To register a private limited company, a minimum of two persons to act as Directors and shareholders are required. The shareholders of a private limited company can be a corporate entity or a natural person. Director can only be a living person with one Director being a resident and Indian Citizen. A person is designated as a resident if he/she spends over 186 days in India.

There are no restrictions on foreign companies or foreign nationals being Directors or shareholders of a private limited company. As, foreign nationals, foreign corporate entities or NRIs are allowed to be Directors and Shareholders of a Company with Foreign Direct Investment, incorporating a company is the preferred choice of entry to India for foreign promoters.

Advantages of registering a private limited company

Registering a private limited company has various advantages compared to a partnership firm or LLP as under:

A. Equity Raise:

A company can raise equity capital from persons or entities interested in becoming a shareholder. Hence, a private limited company is a must for Entrepreneurs looking to raise money from angel investors, venture capital firms, private equity firms and hedge funds.

B. Limited Liability Protection:

A private limited company provides limited liability protection to its shareholders. In case of any unforeseen liabilities are created, it would be limited to the company and would not impact the shareholders.

C.Separate Legal Entity:

A private limited company is legally recognised as a separate entity. Hence, a company can have its PAN, bank accounts, licenses, approvals, contracts, assets and liabilities in its unique name

D.Perpetual Existence:

A company has perpetual existence and never ends without reason. For a company to lose its existence, it has to be wound-up by the Promoters or be wound-up by the Government. Hence, a company can only be wound up for reasons like non-compliance or failure to comply with rules and regulations. A trademark owner has the exclusive rights to assign or license the mark to someone else in return of some monetary compensation. Thus, one can make a profit from a registered trademark as well.

E.Easy Transferability

As the ownership of a company is represented by shares – the ownership of a company can be transferred to any other legal entity or person in India or abroad easily – in part or whole. Further, since the shareholders control the Board of Directors, the Directors can also be replaced easily by shareholders to ensure business continuity easily at all times.

FEATURES OF PRIVATE LIMITED COMPANY

• A Private Limited Company does not hold any relation with the public, they are not allowed to ask for any sort of deposit from the public or public sectors.

• In a Private Limited Company, people are not allowed to transfer shares, which can help to prevent the takeovers of small Private Limited firms from big Public companies.

• It is mandatory for every Private Limited Company to use “pvt.ltd.” after their name.

• A Private Limited Company can consist of 200 members at a time.

• The private limited company is very easy to accommodate.

• Mentioning everything in Memorandum.

• Private Limited Company is a legal entity which is established under Companies Act 2013.

• A Private Limited Company has a never ending existence mean they have no effect if partners changed or died or any such circumstance took place.

• Private Limited Company has to pay corporate tax.

Required Documents

Applicant office


Applicant’s / Company Name


Business Type


Business details


Brand/logo/slogan name


Office / Business address

Basic

5499
  • Free Trademark search report
  • Apply for trademark registration in one class and track status
  • Update Status

Standard

6999
  • Apply for trademark registration in one class and track status
  • MSME Registration
  • GST Registration
Popular

Premium

8999
  • MSME Registration
  • GST Registration
  • Apply for trademark registration in one class and track status
  • Free trademark objection Reply file

Recognized by Govt. of India

Data Security & Trust

Trained & Professional Experts

1 Lakh+ Happy Customers Across India

Why Us?

On Time Service

ISO Certified

Super Fast Service

Affordable Than Other Professionals

FAQ

Director Identification Number is issued by the Ministry of Corporate Affairs. Proof of identity and address is required to be submitted along with requisite fee while submitting the application for DIN.

Anyone who is claiming to become a proprietor and needs to use the trademark for his/her firm can apply for Trademark registration Online. Legalstartup will help you to get the Trademark registration done in few simple steps.

Trademarks should be easy to speak, spelling as well as easy for everyone to remember. Trademarks should not include geographic names, common or personal aliases. Avoid using big words or words which describe the quality of the product.id.registration

LegalStartup will help you register your trademark with an easy process. Here you do not have to meet an agent, just relax at home and complete the registration process.

No, a foreign trademark cannot be used in India, as a registered Trademark has specific locations where it can be used.

It is not illegal to run the business without registration of Trademark, but it is necessary to protect the Trademark.

It will take 6 months or more for completing the renewal of Trademark.

Visit Legalstartup website and apply for Trademark registration, you will find the easiest and efficient service from us

Yes, few changes are allowed subject to the terms and conditions under Trademark registration.

Yes, it is possible to remove the trademark form the register.

No, Trademark registration is not mandatory in India, but it is advisable that the trademark should be registered to avoid duplication.

The trademark in India is designated as ® (for registered trademark), ™ (Unregistered trademark)

The service mark is similar to the trademark, just the difference is that it defines the service by it.

Yes, foreign owners can apply for trademark registration in India.

Yes, this is possible under Indian Trademark Law where a multi-class application can be filed.

Testimonials

Open chat