All about Company Registration in India
If you are planning to start a business in India, the first and foremost
step is to establish a legal entity in India by registering your business in
accordance with the applicable provisions of the Companies Act, 2013
Legaljini offer company registration services, company formation, Company Secretarial Services,
private limited company and public limited company registration
As a startup, you have various options to include your business, such as
Seoul Proprietorship, Partnership Firm, One Person Company, Limited Liability
Partnership, Private Limited Company and Public Limited Company. You must
register your business before starting any business. The first step is to
decide what type of business you want to choose for your business in the
different types of business structures available in India.
Private Limited Company is the most popular type of business. The company registration process is online
and registration of a private limited company requires at least two
shareholders and two directors.
Advantages of registering a Private Limited Company
in India:
- Separate legal identity– Private Limited Company is a legal entity independent of its members in terms of law, and due to this variation, members of the Private Limited Company are solely responsible for the actions performed by them and not by other members.
- Easy and free transferability of shares– Shares of a private limited company can be easily transferred as they will only have to file a share transfer form and submit the shares with the share certificate to the buyer of the shares.
- Limited Liability - Members of a the private limited company have limited liability for their share in the company, and the personal property of the members may not be used to fulfill the Company's obligations under any circumstances..
- Perpetual succession - Private Limited Company is established as an independent corporate body in the eyes of the law. And, even with the death of all the members, the life of the company does not end and the business continues.
Read more pvt ltd company registration in India
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