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A Private Limited Company is the most favoured form of business entity in India. It offers perpetual succession with a minimum of two directors and shareholders, and a maximum of 15 directors and 50 shareholders. Registering a private limited company is convenient and allows immediate business operations. There is no minimum paid-up capital required, making it an attractive option for startups and growing businesses. The credibility and growth potential of a business are significantly enhanced through private limited company registration.
By opting for a private limited company registration, directors' personal assets are protected. In case of business debts, only the invested capital is at risk, unlike in partnerships where partners are personally liable for debts.
Ownership in a private limited company can be easily transferred through shares. The transfer is facilitated by signing and filing the share transfer form and share certificates, with the consent of other shareholders.
A private limited company has a separate legal identity and continues to exist despite changes in ownership or the demise of directors. This ensures business continuity until the company is legally dissolved.
After completing a pvt Ltd company registration, companies can raise equity funds and issue shares, debentures, and accept deposits with RBI’s permission. Financial institutions prefer lending to private limited companies over partnerships or sole proprietorships.
The Ministry of Corporate Affairs (MCA) has streamlined the process of private limited company registration under the Companies Act, 2013. The SPICe (Simplified Proforma for Incorporating Company Electronically) form, also known as INC-32, allows for the electronic filing of MOA (Memorandum of Association) and AOA (Articles of Association), eliminating the need for physical signatures.
LegalRaasta is a trusted name in business consultancy and registration services, with a strong presence in Mumbai. Our team of experts, including Chartered Accountants, Company Secretaries, and Management Graduates, ensures a hassle-free and compliant registration process tailored to Mumbai’s specific requirements. Partnering with us for your Pvt Ltd company registration guarantees professional handling and smooth initiation of your business.
Connect with LegalRaasta today to start your private limited company registration journey in Mumbai with ease and confidence!
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