Features and Requirements for Company Registration

10/22/2018

Private limited companies are the most preferred and prevalent types of companies in India. Private limited company is conducted by the Ministry of Corporate Affairs, Companies' Act 2013, Companies' Incorporation Rules, 2014.

Minimum Requirements for Company registration

For the registration of a private limited company following requirements are to be met:

There has to be at least two shareholders and
Minimum two directors

Features of Company Registration

The distinctive attributes of a private limited company is the limited liability protection to the shareholders and raising equity funds.

A private limited company is considered as a separate legal entity under the companies act. Therefore, hiring an employee, opening a bank account, taking on equity can be exercised under the company's name.
A private company will work without a break in continuity until it is legally closed or dismissed. So, company as being the separate legal entity; it will be unaltered by the death or other departure of the company's employee.
The ownership of a company can be easily transferred by the consent of other shareholders and by fulfilling the other legal requirements.
Private limited companies have the borrowing capacities; that is, it can deal in shares, debentures and accept deposits with RBI's approval. Banks and other financial entities provide funding to these companies as well.
Private limited company registration is considered as a virtual human identity; in that case it can own a property on its name. The property can be any building, machines, property etc. And the biggest advantage of this, is the no claim by the shareholder on these.

It takes around ten to fifteen days for the complete formation of the company, depending on the submission of the documents by clients and government processing time. Starting a private limited company was never so easy and customer friendly, comparing to old days

So what are you waiting for, take a leap .Start your own business and be your own boss.

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