Avyud Consultancy offers seamless Private Limited Company Registration Services in Purnea, ensuring a hassle-free and cost-effective process for entrepreneurs and businesses. A Private Limited Company is one of the most preferred business structures in India, providing limited liability protection, credibility, and growth opportunities. Governed by the Companies Act, 2013 and regulated by the Ministry of Corporate Affairs (MCA), it offers a structured and legally recognized entity for businesses. Our expert team at Avyud Consultancy simplifies the registration process with a 100% transparent approach, ensuring quick approvals and compliance with all legal formalities. From name reservation and DIN/DSC registration to drafting MOA/AOA and final incorporation, we handle everything efficiently. Trusted by thousands of businesses across India, we provide end-to-end support, making company formation stress-free. Whether you are a startup or an established firm, Avyud Consultancy is your reliable partner in Private Limited Company registration in Purnea and beyond.
Limited Liability
During the recent recession, which lasted from December 2007 – June 2009, many businesses experienced financial problems and permanently closed. One advantage of owning a private limited company is that the financial liability of shareholders is limited to their shares. Therefore, if a private limited company was in financial trouble and had to close, shareholders would not risk losing their personal assets. Although, perpetrating a fraud related to the private limited company would negate an owner’s limited liability protection.
Restricted Trade of Shares
The restriction placed on the sale or transfer of shares may be considered an advantage or disadvantage, depending on your outlook. It is an advantage to some shareholders because shareholders who want to sell shares cannot sell them to outside buyers. Shareholders must also agree to the sale or transfer of shares; therefore, the risk of hostile takeovers is low. The restriction placed on the sale of shares is a disadvantage because shareholders have limited options for liquidating shares.
Continued Existence
Another advantage of a private limited company is its continued existence, even after the owner dies or leaves the business. Private limited companies are incorporated. When a business incorporates, it becomes an independent legal entity, meaning it is able to sue or own assets separate from the company owner. A private limited company differs from a sole proprietorship in that the latter is owned by a single individual who is personally responsible for the company’s business debts and essential to its continued existence.
Tax Breaks
Private limited companies also enjoy tax advantages. For example, their corporate taxes may be lower than those paid by other types of businesses. Financial statements for private limited companies must be filed no later than nine months after the fiscal year ends. The first accounting period begins the same day that the business is incorporated. When pursuing tax advantages, private limited companies must keep accurate records.
What is Private Limited Company?
Private Limited Company is mode of registration of business set up in India. It gives you a separate legal entity for operating your business with your desired unique name which also get reserved during its registration. A body of central government of India known as Ministry of Corporate Affairs is looking after all affairs of company registration and its regular compliance.
What is Minimum Capital Required for PVT Company?
A private limited company required a minimum capital of Rs. 1, 00,000. This amount is supposed to deposit by the shareholder in decided share percentage in the bank account of company. Then the same amount can be used by the company for its operations.
Features of Private Limited Company :-
- Require 2 Person as Entrepreneur i.e Directors.
- Easily Setup and recommend to Growing Startups.
- Limited Liability for Members.
- More Credibility as Compare to others.
- Easily raise funds from Investors.
- ESOP Option are available to motivated Employees.
What are The Disadvantages of Private Limited Company?
- Statutory Compliance are High.
- High Setup Cost as Compare to Others.
- Involvement of other Directors in Decision Makings.
- Restricted to transfer of the shares to others without agreements.
- Not allow invite to public for deposits.
What are The Documents Required for Registration?
Identity proof and address proof is mandatory for all the proposed Directors of the Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof. Memorandum of Association and Articles of Association and other documents are prepared by us.
How Many Directors are Required in a PVT Company?
A private limited company must have a minimum of two Directors and can have up to a maximum of fifteen Directors.
What are The Requirements to be a Director?
The Director needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency. Therefore, foreign nationals can be directors in a Indian Private Limited Company.
