Private Limited Company registration is the most preferred and easy of doing business structure choice for new start-ups in India. Anyone can check private limited company registered with the Registrar of Companies through Ministry of Corporate Affairs (MCA) therefore its business structure is more trusted as comparison to proprietorship and partnership firm. Under the Private Limited Company, owner of the business holds all the shares of the company privately. Shareholders may operate the business themselves, or hire directors to manage the company on their behalf. Registering a private limited company gives protection to the personal assets, financial assistance, access to more resources and greater tax cuts. If you want to start a company in India, at that point ensure your company is registered as Company Registration should be your first priority. It is must and important to enlist your company as a registered company have various points of interest from simple to enlist to simple to dissolve.
Benefits of Company registration
One of the important features of a company is the limited liability of its members,liability of its members is limited to the extent of the nominal value of shares held by them. The shareholders cannot be asked to pay more than the unpaid value of their shares.
Private Limited Company Registration must be done through Taxfin(company enlistment specialist) in Delhi NCR, Mumbai, Bangalore, Haryana, Rajasthan and other states. Now if you want to register your company registration in india online. you can contact to Taxfin on 9911696966 or mail us email@example.com for connecting with company registration professionals. Taxfin team will assist you for every single need you require for new company registration. All the company registration in India details will be given to you by our specialists.
One Person Company
If there is only one advertiser/organizer, One Person Company (OPC) is the best ideal approach to start a company.
OPC is one of the huge milestones of the Companies Act, 2013, introduced to encourage self-employment work with a backbone of India’s legal framework.
Furthermore, in (OPC) One Person Company stand for where a single person starts his company. The rule characterizes OPC, in Section 3(1) of the Companies (Incorporation) Rules 2014, where a characteristic person who is an Indian citizen and resident in India will be qualified to create a OPC.
Additionally, at the season of consolidation, the sole part needs to delegate someone else as his candidate and his name will must be mentioned in Memorandum of Association of the OPC.
Requirement for One Person Company
Minimum 1 Shareholder
Minimum 1 Director
The director and shareholder can be same person
Minimum 1 Nominee
DIN (Director Identification Number) for all the Directors
DSC (Digital Signature Certificate) for all the Director
Benefits of OPC
Limited Liability Protection to Directors and Shareholder: Every unfortunate occasion in business are not constantly under an entrepreneur’s control; consequently it is important to verify the personal resources of the proprietor, if the business arrives up in emergencies. While working together as a proprietorship firm, the personal resources of the owner can be in danger in case of disappointment, however this isn’t the situation for a One Person Private Limited Company, as the investor liability is restricted to his shareholding. This means any loss or debts which is simply of business nature won’t affect, personal investment funds or wealth of a business person.
Legal Status And Social Recognition For Your Business: One Person Company is a Private Limited Structure; this is the most prevalent business structure in the world. Big organizations prefer to deal with private limited companiesinstead of proprietorship firms.
Pvt. Ltd. business structure appreciates corporate status in the society which helps business person to pull in quality workforce and retain them by giving corporate assignments, similar to directorship. These assignments can’t be utilized by proprietorship firms.
Complete Control of The Company With The Single Owner: This prompts quick basic leadership and execution. However he/she can choose upwards of 15 executives in the OPC for authoritative capacities, without giving any offer to them.
Easy to Get Loan from Banks: Banking and financial institutions prefer to lend money to the company rather than proprietary firms. In most of the situations Banks insist the entrepreneurs to convert their firm into a Private Limited company before sanctioning funds. So it is better to register your startup as a One Person private limited rather than proprietary firm.
Banking and monetary establishments want to loan money to thecompany rather than proprietary firms.. In the majority of the circumstances Banks demand the business owners to change over their firm into a Private Limited company before sanctioning funds. So it is smarter to register your start-up as a One Person private rather than proprietary firm.
Easy To Manage: OPC is one of the simplest types of corporate substances to oversee. Not many ROC documenting is to be recorded with the Registrar of Companies (ROC). No compelling reason to lead Annual General Meeting (AGM).
OPC is suitable just for small and private business. OPC can have maximum paid up capital up to Rs.50 Lakh and turnover of Rs. 2 Corers and if the amount exceeds OPC should be changed over into Private Limited Company.
Documents Requirement for Pvt Ltd Company Registration
Copy of PAN Card of directors
Passport size photograph of directors
Copy of Aadhaar Card/ Voter identity card of directors