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COMPLIANCEWALLAH_ Private Company registration in Patna

Private Limited Company

Private limited company is held by few individuals privately having separate legal entity. The Minimum number of Members is 2 while maximum number is 200 as per provisions of Companies Act, 2013. The company can own assets and liabilities in its own name making them distinct from its members and promoters. The company can be incorporated with a capital as low as Rs. 1 Lakh. The number of directors of the company shall be a minimum of 2 at all times and private companies are exempt from appointment of Independent Directors.

Advantages for Private Limited Company

  • Separate legal identity

  • More credible in comparison to Non corporate Forms of business

  • Ease of raising Funds and getting loans.

  • Perpetual in nature, the directors, members may come and go but the company will exist.

  • Transparency in working, every information is available in public platform.

Document required for Incorporation of Private Limited Company

  • PAN card (Mandatory) of the directors and shareholders

  • Address Proof: of Shareholders and Directors, Any of the following:

  1.  Voter Identity Card/Election Card

  2. Ration Card

  3. Aadhaar Card

  4. Passport

  5. Driving license

  6. Telephone Bill

  7. Electricity Bill

  8. Bank statement not older than 2 months.

  • Rent agreement of the proposed office of the company.

  • No objection certificate from the Owner of the Property.

  • Business address proof like electricity bill, any other utility bill or municipal Tax payment Receipts.

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