Private Limited company is a company that is held by a small group of people. A minimum of 2 persons are required to incorporate a private Limited company. Usually, they have a great brand value as they are called as perpetual person, means people may come and people may go but company will stay forever.
In India, there are a lot of Partnership firms but they had a major drawback that if one of a partners engages himself in any scrupulous activity and incurs losses, all the partners are legally liable to compensate for losses. Whereas in case of Private Limited company, shareholders’ property can’t be attached for director’s scrupulous activities. All losses have to bear by company itself and in case company does not have sufficient funds, the company will have to liquidate but shareholders don’t have to give a penny other than uncalled amount of their shares subscribed
Sachin Arora & Co can help you incorporate your Private Limited company in Just 15 days with very competitive prices. The following are the main advantages of incorporating a company :
Sale of Company: company’s shares can easily be transferred and thereby company’s ownership. Even directors can easily be changed.
Limited Liability : Funds can easily be raised from investors. Private Limited company has a very good brand value associated with it and as such investors are willing to invest in Private Limited companies.
Fund Raising: Funds can easily be raised from investors. Private Limited company has a very good brand value associated with it and as such investors are willing to invest in Private Limited companies.
Name of New Company (Should not be identical to any other company or trademark)
Pan , Adhaar & Photo of All Directors
Bank Statement of All Directors
Mobile No & Email id of All Directors
Utility Bill where the company is to be registered (such as Electricity Bill or Water Bill)
