All about Private Limited Company: A Complete Guide
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 [...]
Raising Angel funding for Startup
Angel Funding is done by angel investors (may be solo or in the group). They are quite famous especially amongst startups, they are simply those who invest in a particular company based on various factors. They can be formal or informal, they may be partners or they may be entrepreneurs themselves. Anyhow they are people loaded with money or that's a general perception about them. It's a known fact that [...]
Conversion of Private Limited to Public Limited Company
Introduction Private limited companies and Public limited companies are considered to be separate legal entities with limited liabilities given to their shareholders and members. Both forms of company are incorporated under The Companies Act. Though, both types of companies have a lot of differences. Be it in terms of requirement or legal registrations. To incorporate a public company you require a minimum of seven members and three directors. However, in the [...]
Import Export Code Exemptions in India
Introduction IEC (Import Export Code), is a 10 digit unique number that is required for an exporter and an importer. IEC code (Import Export Code) is mandatory for good and not for services. DGFT (Director General of Foreign Trade) and Ministry of Commerce in India are high authorities that issue the Import Export Code (IEC). Exemptions Foreign Trade Policy of India that exempts the following from getting IEC code number as follows: [...]
Import and Export Code in India
Introduction Sellers selling goods outside the state/country is called the export of good and purchasing goods from other countries is called import of goods. When you decide to sell the goods and services of your firm in international markets, first obtain the Import Export Code (IEC). In the process of import and export of goods, IEC is used for clearing goods from custom authority or service provider. It is a [...]
Process for Company Registration Status and MCA
Introduction There is a number of bodies corporate such as Limited liability partnership, one person company and the private limited company which is registered under the ministry of the corporate affair in India (MCA). MCA regulates the functioning of all the company and the LLP. The information of all these entities is online published by the ministry of corporate affairs. This information can be seen by the public as well [...]
Import Export Business In India
Introduction to Import-Export Business The internet and it's related applications have opened up a world of new options and opportunities for income generation and business creation. The inception of e-commerce has most definitely been a game changer in the way businesses have started functioning. It has made for every business to have the potential to reach a global audience from the comfort of their homes and help trade goods and [...]
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 [...]