Certificate of Incorporation Sample
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Station of Trust
+91 8979141354
info@lawgicalstation.com
A Private Limited Company is a type of business entity that a small group of people privately and collectively holds. It is incorporated under the Ministry of Corporate Affairs. This type of business entity offers limited liability for its shareholders, and shares can only be traded privately. It has a minimum of 2 members and a maximum of 200 members. Shareholders are considered as the owners of the company, whereas directors are considered to be the key managerial persons (KMP) of the company, while in an LLP, partners are the owners as well as KMPs of the company
Incorporating a Private Limited Company is the right choice, as it facilitates taxation benefits, credibility, business expansion, and quicker sanction of business loans. It promotes the easy way for capital formation and pooling of funds through members.
As per the companies Act 2013, there are minimum requirements that need to be met for company incorporation online.
In order to register your private limited company in India, you need to provide proper identity and address proof. These documents are required for directors and shareholders of the company which will be submitted to the Ministry of Corporate Affairs (MCA) portal.
Note: It is not mandatory to own a commercial business premise for incorporation. One can use their home address proof for registration of the company.
There's no specific minimum capital requirement for a Private Limited Company in India. It can be started with any amount of capital deemed appropriate by the promoters.
Yes, a foreign national can be a director in an Indian Private Limited Company. However, at least one director should be an Indian citizen.
Any individual, Indian or foreign, who is above 18 years old and not disqualified under the Companies Act can qualify as a director in a Private Limited Company.
No, the subscriber pages of the MOA and AOA, once filed with the Registrar of Companies during incorporation, cannot be altered. Any changes to these documents require passing a special resolution and filing updated documents with regulatory authorities.
No, Private Limited Companies cannot issue shares to the general public. They are restricted to offering shares to a select group of individuals, typically existing shareholders or private investors.
On average, it takes around 7-10 working days to register a private limited company in India subject to document verification by MCA.
At Lawgical, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.
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