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Ahmedabad is a busy city in the western state of Gujrat. The city is fondly called “The Manchester of India” a name gained because of its world-renowned textile and cotton industry. Ahmedabad is also famous for culture and tradition among its inhabitants. It is in accordance with this rich culture and tradition that doing business in Ahmedabad is a breath of fresh air for businessmen and traders. The state of Gujrat ranks very highly as the 5th best state in the country in the ease of doing business rankings. A lot of the credit for this high ranking goes to the cities of Ahmedabad and Gandhinagar. The process of private limited company registration in Ahmedabad is simplistic which results in a flourishing industry.
Ahmedabad ranks as the 2nd best city in the country for registering property and as the 4th best city for trading across borders subcategories of ease of doing business rankings. It also ranks as the 14th best city in the country to start a business.
The state of Gujrat and Ahmedabad city, in turn, had a reform evidence score as high as 99.73 %. These factors when all put together, serve as a great motivation to start your company in Ahmedabad.
A private limited company, or LTD, is a type of privately held small business entity. This type of business entity limits owner liability to their shares limits the number of shareholders to 50 and restricts shareholders from publicly trading shares.
The Ministry of Corporate Affairs is also making great progress towards cutting down on the processing time of company registration application. A provision of One-Day Company Incorporation with SPICe has been introduced to make the process of company registration less tedious and hassle-free. You can also look at how much does it cost to start and run a private limited company.
Does this process seem a bit too tedious? Let in the experts at LegalRaasta where we can handle your Private Limited Company Registration and ROC compliance requirements.
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