Private Limited Company

10/27/2016

Private Limited Company (Pvt Ltd)

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.

Benefits

  • Quick & Easy to get started
  • Separate legal entity
  • Shareholders have limited liability
  • Increases Borrowing Capacity
  • Companies find it easier to get loans from banks
  • Tax benefits

Minimum Requirement

  • Minimum 2 Directors
  • The directors and shareholders can be same person
  • DIN (Director Identification Number) for all the Directors
  • DSC (Digital Signature Certificate) for one of the Director

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