Steps to register a Private Limited Company


This article will give you a basic understanding of the steps involved in registering a company and what points to keep in mind

Dormant Companies


A Dormant Company is the one which is a registered entity, but is not currently active. It doesn’t trade & has no significant accounting transactions. Companies can either opt for having a Dormant status or in case of inactive companies the Ministry of Corporate Affairs declares that company a Dormant. Having a Dormant status saves the company from complying with various compliance applicable to limited companies as per the Companies Act. Thus it could be cost saving option if someone is not operating the company.

Public Limited Company


A Public company is the one means which is not a private company and has a minimum paid-up share capital of five lakh rupees

Private Limited Company


Private Limited Company is a most popular form of business entities in India. Even foreign Companies prefer to form a private company in India as their subsidiaries. Earlier Private Limited Companies had a requirement of investment of Rs 1 lakh capital to form a Company, but with the amendments in the new act, now the requirement of minimum capital has been done away with, thus one can form a private limited company with any amount of Capital.

Not for profit – Section 8 Company


A “Not for Profit Company” is defined as a person or an association of persons proposed to be registered under this Act as a limited company having its objects as promotion of commerce, art, science, sports, education,research, social welfare, religion, charity, protection of environment or any such other object, intends to apply its profits, if any, or other income in promoting its objects and prohibits payment of dividend

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