What is a Small Company?

Small Company as Per Companies Act 2013 A Small Company is privately owned partnerships, sole proprietorships or corporations. These type of companies have fewer employees or have small annual revenue than other structure of a business. The Businesses which are defined as "small" are in terms of being able to apply for government support and qualify for the preferential tax policies which vary depending on the country and the industry. Benefits [...]

Private Limited Company registration process and How to startup Private Limited Company

Private Limited Company registration process is mandatory to get company registered in a proper way. For incorporation of Private Limited Company one should know how to conduct market analysis and identify the difference in consumers’ need. A private company is an organization which is owned and controlled by a private person. The minimum number of member in private limited company is two and the maximum number of member in private [...]

Requirement of a Private Limited Company

Introduction Incorporation of a limited company means declaring a corporate entity separate from its owners. It is a legal process and the second step towards the formation of a company. The first step to form a company is promotion which is followed by incorporation. It is the process of getting your company incorporated with the registrar of the company by filing various documents such as a memorandum of association, articles [...]

Documents for Private Limited Company Registration

The documents required for Private Limited Company registration is of extreme importance as a mistake in documents may result in the waste of efforts in the whole process. Private Limited Company under Company Act, 2013 offers flexibility in incorporating different types of companies with varying extent of liability according to the need and business requirement. Hence, a promoter can not only decide whether to form OPC, Public or LLP or Private but [...]

Proprietorship Conversion into Private Limited Company

Introduction Comparing a Sole Proprietorship with a Private Limited Company, one similarity that can be pointed out, is that both forms are highly considered by Entrepreneurs while setting up their business. Sole Proprietorship anyhow is easy to set up and the owner has the complete control of the company’s working. In contrast, the private limited company is a bit difficult to set up. However, it is way more reliable, considered as a [...]

Private Limited Company

Private Limited Company A private limited company is a company which is privately held for small businesses. The liability of the members of a Private Limited Company is limited to the amount of shares respectively held by them.Shares of Private Limited Company cannot be publically traded. Alll the aspects of Private Limited Company is discussed in the article. Characteristics of Private Limited Company Members– To start a company, a minimum number of [...]

Close Private Limited Company in India

Introduction Shutting down a private ltd. company is a challenging process. However, if you are the owner of an incorporated business in the form of a Private Limited Company, then it is even more so. A Pvt. Ltd. Co. can be shut down in several manners depending upon the requirements of the business owner – Sell the company (if possible); Declare the company ‘defunct’ and shut it down; or ‘Wind [...]

Characteristics of a Private Limited Company

Introduction Private limited company is held by few individuals privately having a separate legal entity. In this, the shareholders cannot trade publicly shares. It restricts its number of shares to 50. Shareholders cannot sell their shares without the approval of other shareholders. It is a company which restricts the right of its members to transfer its shares and it doesn't send the invitation to the public for subscription of its [...]

Formation of Private Limited Company in India

Introduction When we think of starting a company, we face a skeptical question of its cost involved. With fear of high cost, we drop the idea and miss the opportunities around. With the internet and transparent pricing, more and more business entities are opting for a private limited company. We have thrown light on the formation of private limited company, the cost involved in starting and running a private limited [...]

Registration procedure of Private Limited Company

Introduction A private limited company is the most common form of business entity in India. It is easy to maintain and raise funds, offers limited liability to its members, offers flexibility, easy bank loan accessibility. Registration procedure of Private Limited Company is a little bit complex but can be done by following these simple steps mentioned below. Basic requirement There must be at least 2 members in the company. The company shall [...]