Private Limited Company is the best choice for start-up and large companies as its investors preferred the choice of company registration. Company Registration process is governed by Companies Act 2013 under Company Incorporation Rules 2014 issued by the Ministry of Corporate Affairs Government of India under the jurisdiction of regional Registrar of Companies The Cost of Company Registration in India would depend on the number of directors, share capital of the company and State of Registration Virtual Auditor is experts in registering a private limited company, one person company, Nidhi company, section 8 company, producer company or Indian subsidiary. The average time taken to complete company formation is about 10 – 15 working days, subject to government processing time and client document submission.
As a per of ease of Doing Business the government of India introduced combined simplified form for obtaining GST Registration and ESI PF registration along with company Registration vide notification issued on 30th March 2019.
Advantages of Company Registration
Separate legal identity- One of the major benefits that come with company registration is that the company is a separate and distinct legal entity
Limited Liability- The private limited company is a separate legal entity from its members. Thus the liability of the members of a private limited company is limited to the extent of the Share Capital Contributed and subscribed.
Perpetual succession- One of the major benefits that come with private limited company registration is that the life of the company does not come to an end even with the death of all members and the shares are transmitted to the legal heirs
Ease of formation- Company registration is easy to process compared to other forms of registration is it’s completely online.
Easy and free transferability of shares- The shares of a private limited company can easily be transferred, no hassle of redoing the entire partnership deed in case of partnership or reconstitution of LLP dead if it’s an LLP
Property can be owned in Company Name (Company as Owner)- The Company is a separate legal entity that is empowered to acquire, own, enjoy and alienate, property in its own name.
Raising the Foreign Direct Investment- In the private limited company registration, any Non Resident or foreigner national can make the investment through the automatic route i.e. without government approval.
How to register a business name?
Business name selection is the most important task in the company formation process, the name follows certain guidelines
How to choose a Company Name for Company Registration?
Do you know how many company names get rejected by the Centralized registration center of MCA? and why checking of Company name availability is very important? Well, more than 70% of the names applied online are rejected by MCA Before commencing the process of Company Registration