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PRIVATE / PUBLIC LIMITED COMPANY

Private Limited / Public Limited Company is preferred form of doing business due to relatively lower compliances under Companies Act, risk limited to shareholding in the company, Perpetual succession and Companies Finances separated from Owner's Finance.

A private limited company can be started with 2 members and 2 directors and a public limited company can be started with 7 members and 3 directors.

Owners are protected from liability of the company due to any external risk.

Directors are personally liable only when the liability is on account of any fraud or if they have given guarantee on behalf of the compay.

Documents Required

  • Copy of PAN Card and Aadhar Card of all the Directors and Members
  • Copy of Address proof of all the Members (Electricity Bill / Bank Statement etc)
  • Copy of ID Proof of all the Directors (Voter ID, Passport, Driving License etc)
  • Passport Size Photograph of all the Directors and Members
  • Address proof of Principle place of Business
  • Brief Note on the activities of the company

Package Includes

  • Two Digital Signature
  • Application of Two DIN
  • Application of Name Reservation
  • Drafting of MOA and AOA
  • Getting Certification of Incorporation
  • PAN and TAN Number

Frequently Asked Questions

How many people are required to start a company?
What is the maximum number of shareholders in a private Limited company?
A person can be member in how many OPC?

A person can be member in only one OPC.

What is the time limit for appointment of first auditor?

First auditor of a company, other than a Government company, shall be appointed by the Board of Directors within 30 days from the date of registration of the company.

In case first auditor is not appointment within 30 days from date of incorporation, then it shall inform the members of the company who shall appoint the first auditor at an extraordinary general meeting within 90 days.

Whether share capital can be brought in the form of cash?

As per the provisions of companies Act, A companies is not allowed to receive share application money in cash. They will require opening a separate bank account for receiving share application cheques and will not be able to use that money till they allot the shares.

What is the periodicity of conducting the board meetings of a company?

A company must hold a Board Meeting at least once in every 3 months. In addition to the Board Meetings, an Annual General Meeting must be conducted by the Private Limited Company, at least once every year.

 
     
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