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Private Limited Company Guide

๐†๐ฎ๐ข๐๐ž ๐จ๐ง ๐๐ซ๐ข๐ฏ๐š๐ญ๐ž ๐‹๐ข๐ฆ๐ข๐ญ๐ž๐ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ฒ ๐‘๐ž๐ ๐ข๐ฌ๐ญ๐ซ๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ˆ๐ง๐๐ข๐š

Are you considering starting a Private Limited Company in India? Hereโ€™s a concise guide to help you understand the process and benefits!

What is a Private Limited Company? A Private Limited Company is a business entity owned by a group of individuals, sharing ownership through shares that cannot be publicly traded.

With up to 200 members, it operates as a separate legal entity from its owners, ensuring distinct legal identity and ownership flexibility.

๐“๐ฒ๐ฉ๐ž๐ฌ ๐จ๐Ÿ ๐๐ซ๐ข๐ฏ๐š๐ญ๐ž ๐‹๐ข๐ฆ๐ข๐ญ๐ž๐ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ:

Company Limited by Shares: Liability is limited to the unpaid amount on shares.

Company Limited by Guarantee: Members act as guarantors without share capital.

Unlimited Company: No limit on member liability.

๐‘๐ž๐ ๐ข๐ฌ๐ญ๐ซ๐š๐ญ๐ข๐จ๐ง ๐๐ซ๐จ๐œ๐ž๐ฌ๐ฌ:

Obtain a Digital Signature Certificate (DSC) for directors.

Acquire a Director Identification Number (DIN).

Prepare and upload identity and address proofs.

Draft and sign the Memorandum of Association (MOA) and Articles of Association (AOA).

Reserve the company name via the Reserve Unique Name (RUN) system.

Apply for PAN and TAN.

Open a bank account.

๐‘๐ž๐ช๐ฎ๐ข๐ซ๐ž๐ ๐ƒ๐จ๐œ๐ฎ๐ฆ๐ž๐ง๐ญ๐ฌ:

Identity proofs (Aadhar, PAN, Driving License) and address proofs (Passport, Voter ID) of all directors and shareholders.

Bank statements or passbooks.

Passport-size photos.

Digital Signature Certificate (DSC).

Director Identification Number (DIN).

Memorandum of Association (MOA) and Articles of Association (AOA).

Registering a Private Limited Company in India ensures compliance with legal and operational standards. With its many advantages, including a distinct legal identity and ownership flexibility, it remains a preferred choice for entrepreneurs and small business owners.

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