Incorporating a Private Limited Company is like giving birth to a child, as it requires taking the utmost care on time. A private limited Company is the Most Preferred and common type of Entity in India. Two persons come together to incorporate Private Limited Company to do lawful business Transaction switch limited liability. There are various exemptions as Compared to Public Limited Company.
A private limited company is incorporated with the motto to raise funds. In this globalized world, private limited company grows faster. As 100% FDI is allowed without any approval. In a Private Limited Company, liability is limited; it is extended up to the share capital/Guarantee given by its Promoters.
Most of the start-up and growing Company goes for the private company as it allows to raise capital very easily, 100% FDI, limits the liability of the director and shareholder allows employees stock option.
If you Registered Private Limited Company then you can avail of benefits under the Start-Up India initiative by the Government of India.
If you want to Register, your Private Limited Company then VS IPR & LEGAL ADVISORS will help you in Company formation and all the Compliance after Company registration.
Note it can have more Directors only after passing Special Resolution. For incorporation of the company, at least one director must be an Indian resident.
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