Private Limited (Pvt Ltd) Company Registration in Bangalore

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Private Limited Company

Setting up a Private Limited Company is a highly recommended means to start a business in India. It is one of the easiest forms of company to go for if the scale of business is small or medium. Other than raising funds from the public, a Private Limited Company enjoys similar privileges as any other company. The cost of maintenance too is low and the number of compliances is way less than a Public Limited Company. Hence it helps the promoters to focus on the business rather than on maintenance of the company.

At MKDA serve businesses across the entire spectrum of Company Registrations in India, be it small or large organizations. From Incorporation to ROC Compliance, we have got you covered.

Benefits

  • Separate Legal Entity: A Pvt ltd company is a legal entity different from that of its members.
  • Uninterrupted existence: A company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be, in fact, irrespective of the changes in membership.
  • Limited Liability: A company is limited by shares; the Liability of the members on winding-up is limited to the amount unpaid on their shares.
  • Free & Easy transferability of shares.
  • Owning Property, A company being a juristic person, can acquire, own, enjoy and alienate property in its name.
  • Capacity to sue and be sued: A company, an independent legal entity, can sue and be sued in its name.
  • Dual Relationship: A person at the same time be a shareholder, creditor, director, and also an employee of the company
  • Borrowing Capacity: A company enjoys better avenues for borrowing funds. It can issue debentures, secured and unsecured, etc.

Requirements

  • Minimum of two shareholders and two directors required.
  • Shareholders and directors can be the same individual.
  • Foreign nationals and NRIs can be directors.
  • It is mandatory for the directors to have a Digital Signature Certificate (DSC).
  • Maximum 3 directors are allowed in the initial time of Incorporation.
  • There is no lower or upper limit on the capital.

Procedure

  • Name Reservation
  • Preparation of Digital Signature Certificate
  • Application for Incorporation

Time Taken

  • 10 to 15 working days subject to ROC processing time

If you are looking for company registration, let our team of experts help you.

Monthly Servay

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Frequently Asked Questions

Both LLP and LLC are incorporated under the Registrar of Companies. Both the entities protect the partners/ members from the legal risk stemming from the activities of LLP or LLC. The most significant difference that a business must understand and consider is the difference in taxation and compliance requirements.
A limited liability partnership (LLP) is a partnership in which has limited liabilities. It can exhibit elements of partnerships and corporations. In an LLP, a partner is not responsible for another partner's misconduct or negligence.
Partners in a partnership firm have unlimited liability towards their collective debts and legal consequences.
LLP is a corporate and legal entity that is separate from its partners. It has a perpetual succession.
Yes, an LLP can partner in another LLP since the Act states that any individual and corporate can partner in LLP. LLP comes under the term ‘body corporate’ except Cooperative Societies registered under the Act.

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