INCOPORATION OF PRIVATE LIMITED COMPANY-ADVANTAGES & DISADVANTAGES
Are you planning to start a business? Confused of which Business Constitution to choose? Each and Every Constitution will have its own advantages and disadvantages. Every Entrepreneur hasfew questions and doubts about which one to choose.In this article, let us discuss about the incorporation of Private Limited Company.
What is a Private Limited Company?
Private Limited Company is a company which is owned by the Non-Government organisation, having small number of shareholders. A Private Limited Company does not trade its shares to the general public on the stock exchange.The Companies Act, 2013 allows the incorporation for shareholders and members of various types of companies with varying levels of liability.
Requirements to Incorporate a Private Limited:
What are the documents required to Incorporate a Private Limited Company?
Types of compliances:
There are many compliances which a private limited company has to do, out of which some are as follows:
Above mentioned are the few compliances. There are many other compliances a private limited has to do. Recent time, many compliances has changes from old to new
Private Limited Company Registration Process:
Registration of a Pvt Ltd company in India is complete an online process. Recently the MCA has replaced the earlier SPICe form with a new web form called SPICe+ (SPICe Plus). Hence, Incorporating a Private Limited Company is even easier now.
Now you can Incorporate a Private Limited Company, with a Single application for Name reservation, Incorporation, DIN allotment, Mandatory issue of PAN, TAN, EPFO, ESIC, Profession Tax (Maharashtra), and Opening of Bank Account.
SPICe+ is divided in two parts as follows:
1. Part A: Apply for the name reservation of the company in Part A of the form Spice+. it can be used for taking the name approval of the proposed Company and also for filing Company registration in one go.
2. Part B: In Part B of the Form Spice+, apply for the following services:
ADVANTAGES OF PRIVATE LIMITED COMPANY:
DISADVANTAGES OF PRIVATE LIMITED COMPANY:
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