Private Limited Company is the most common and popular form of legal personality in India. The registration of a private company is regulated by the Companies Act 2013 of the Ministry of Enterprises and the Companies Incorporation Rules, 2014. To register a private limited liability company, at least two shareholders and two directors are required. A natural person can be both a director and a shareholder, while a legal person can only be a shareholder. In addition, foreign nationals, foreign business entities or NRAs can be directors and/or shareholders of a company with foreign direct investment, making this the preferred choice of an entity for foreign promoters.
Unique features of a private limited liability company, such as the protection of liability for shareholders, the ability to raise equity funds, the status of individual legal entities and the continued existence, make this the most recommended type of business entity for millions of small and medium-sized companies that family property or professionally managed.
Lawwagon is the market leader for Company registration services in India. Lawwagon can help you register a private limited liability company, a person, a Nidhi company, a section 8 company, a producer or an Indian subsidiary. The average time to complete the business formation is around 10-15 business days, depending on the processing time by the government and the submission of the document by the customer. Receive a free consultation for registering a private limited liability company and start a business by making an appointment with a Lawwagon advisor.
Why choose Company Registration in India? Benefits
Registering a company offers many benefits. A registered company makes it real and increases the authenticity of your company.
Protects against personal liability and protects against other risks and losses.
Attracts more customers
Easily buys bank loans and good investments from reliable investors.
Provides liability protection to protect your company’s assets
Greater capital contribution and more stability
Increase the potential to grow up and expand
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Checklist for registering a company in India
According to the law in company law, 2003, a company in India must be registered under the following conditions