A Private Ltd. is a business entity held by small group of individuals. It’s registered for pre-defined objects and owned by a bunch of members called shareholders.
A private company is a company which is owned by non-governmental organizations or a comparatively small number of shareholders or members of a corporation. Usually, a private company doesn’t offer or trade its shares to the overall public on the stock exchanges, but rather the private stock of the company is owned and traded.
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1. Self attested copy of PAN Card (Foreign Nationals & NRIs)
2. Self attested copy of Voter’s ID/Passport/Driver’s License
3. Self attested copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
4. Scanned passport-sized photograph
5. Sale Agreement, if owned or Rent Agreement, if rented
6. Scanned copy of No-objection Certificate from property owner
1. Minimum 2 Shareholders
2. Minimum 2 Directors
3. At least one designated partner should be an Indian Resident
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Yes, a small business can get its business registered under private limited company registration in India. It provides them with the credibility and an image of their business in the eye of the financial institution, suppliers and potential clients. It helps the company to get the loans at little compliance from banks or potential clients while entering into the deals.
The person should be of –
It provides creditability to business in the eyes of financial institutions, suppliers and potential clients. It makes easier for companies to get loans at favorable rates from banks or in convincing potential clients while entering into deals.
Yes, sole proprietorship can be converted into private company registration after following the companies act, 2013 procedures.
There is no bar in particular on the minimum capital requirement to run a private company. Although an amount equal to Rs 500 are spent on the ROC Compliances of the private limited company. It would hardly take 40,000 to 50,000 to register a private limited company.
No, a private limited Company cannot invite the general public top to subscribe to the company shares.
A private limited company needs a minimum of 2 directors and a maximum of 15 directors to register a company.
Yes, a private company is allowed to have foreign direct investment in their company.
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