What is Private Limited Registration & what is the role of PQSmitra in it?
Private Limited is the most popular type of corporate legal entity in India, where while registering a private limited company minimum of two shareholders and two directors are required. Private limited company registration is governed by the Companies Act, 2013 and the Companies Incorporation Rules, 2014. A private limited company is a company privately held for small businesses.
A private limited company lies somewhere between a partnership and a widely owned public company. It limits the liability of the owner to their respective shares. It also restricts shareholders from publicly trading shares. The maximum number of shareholders in a private limited company has been extended to 200 (from 50) as per the new Indian Companies Act.
It is beneficial for small businesses to get registered as private limited companies since it adds credibility to their business. It helps the company acquire loans from banks, potential investors as opposed to a one-person-company, sole proprietorship, or partnership.
PQSmitra offers these registration services at lowest price with being in compliance to regulatory requirements of Ministry of Corporate Affairs. Our support will surely make you a private limited business entity.
Who can avail Private Limited Registration?
- Businesses looking to expand or scale operations
- Startups looking to raise capital and issue ESOPs
- Businesses looking to convert their existing firm structure into private limited company
Benefits of Private Limited Registration
- Scope of multiple business opportunities over time
- Better governance
- Can expand internationally
- Private Limited can be easily sold or transferred to any individual or entity without any disruptions
- Greater credibility than partnerships and proprietorships
- Better borrowing capacity as banks and other financial institutions welcome private limited companies better than partnership entities.
- Access to funding
- private limited company’s shareholders do not face the risk of losing their personal assets
- Enquiry Form (where all your information will be taken for the form filling process)
- Important Documents will be taken for the process to be fulfilled.
- Name Approval in RUN (Reserve in Unique Number)
- Updating you about the process
- Successful Certification will be mailed to you by us.