What is Partnership Firm ?
Private Limited Company is the most popular mode to start a business organisation in India. Private Limited company is incorporated in India under the Companies act, 2013 through Ministry of corporate affairs.
A Private Limited Company should have minimum two members and two directors. Maximum members can be upto 200.
Now the question is that why should incorporate private limited company and how ?
Private Limited company registered businesses has many benefits in India. It is best for foreign company starting a business in India because of its features of distribution of capital through shares
It is good for young start-ups and entrepreneur because of Start-up India scheme initiated by government of India.
It is better for family business to start with having feature of limited liability of directors.
Some FAQ On Partnership Firm
Director Identification Number : DIN is unique identification number allotted by Central Government to each and every person to become a Director of new & existing company.
Minimum No. of Members required : 2 members (can be promoters and employees of company )
Maximum No. of Members : 200 members
Minimum No. of Directors required : 2 Directors
Maximum No. of Members : 15 Directors
Digital Signature Certificate is electronic signature issued by certifying authority. This electronic signature is used for ROC Filing, Company Incorporation, Income tax filing and ESI & PF Registration and filing.
- Maintenance of Books of Accounts
- Quarterly TDS Return Filing
- Monthly & Quarterly GST Return Filing ( if GST Registration taken)
- Annual ROC Return Filing
- Statutory Audit of Books by CA
- Annual Income Tax Return Filing
- Maintenance of Minutes of Board meeting & AGM
- Conducting of Annual General meeting of members
Minimum Authorized Share Capital : Rs. 1,00,000
Minimum Paidup Share Capital : Rs. 1,00,000
Documents Requirement for Private Limited Registration
Pan Card Copy of Promoters
Aadhar Card Copy
Passport Size Photograph of Promoter/Proprietor/Director
Rent Agreement with Electricity Bill Copy
Company Name with Nature of goods and Services
Shareholding Pattern of Company