A Company is the most acknowledged and accepted form of Business Structure worldwide. Not only it attracts investors but also encourages the entrepreneurs to represent their business in a form which is common and familiar to all. Further, it provides other benefits too such as that of having a perpetual succession and limited liability. Since a company has a separate legal identity from that of its promoters, it is capable of holding funds and properties and to sue and be sued in its own name. It is also eligible to borrow funds in different forms such as loans, debentures, etc.
Private Limited Company
Brief Idea :
A Private Limited Company is one of the easiest forms of company to go for if scale of business is small or medium. Other than raising funds from public, a Private Limited Company enjoys similar privileges as any other company. The cost of maintenance too is low and number of compliances way less than a Public Limited Company. Hence it helps the promoters to focus on the business rather than on maintenance of the company.
Minimum Requirements :
Directors- 2
Members- 2
Documents :
PAN Card of all Directors and Members (Self attested)
Identity Proof of all Directors and Members - Aadhar Card or DL or Voter ID or Passport (Self attested)
1 Passport size photo of all Directors and Members
Address Proof of all Directors and Members- Bank Statement/ Electricity Bill/ Telephone Bill/ Mobile Bill (Self attested and not older than 2 months)
Proof of Office address (Conveyance/ Lease Deed/ Rent Agreement along with rent receipts/ Tax paid Receipt/ NOC)
Copy of Government issued Utility Bill of Office address (Not older than 2 months)
Time :
Fast Track- 1 working day from the day of submission of all documents by client
Normal- 5-7 working days from the day of submission of all documents by client
Note : The above time is subject to ROC processing time
