Documents required for Private limited company registration In Madurai
Documents required for private limited company registration
A private limited company is a separate legal entity with limited liability and permanent existence now covered under the Companies Act, 201. It is currently the most popular business structure in India. A private limited company requires a minimum of 2 members and a maximum of 200 members or shareholders. A minimum capital is not required in a private limited company and Rs 5 lakh is required in the case of a public limited company. Here, we discuss about the topic on Documents required for Private limited company registration In Madurai . Here a clear note about this topic below.
A private limited company should have minimum of 2 directors and a maximum of 15 directors. At least one of the directors of the business must be a resident of India. Even foreign nationals, NRIs are allowed to become shareholders / directors of foreign direct investment (FDI) companies.
Documents for the Private limited company registration in India
For Indian Nationals
Scanned copies of:
1. Pan
2. Government ID Proof – Voter ID or Passport or Driver’s License
3. Bank statement
U. Utility bill by mobile or gas or electricity
5. Passport size photograph
6. Sample signature – Director’s signature on the blank document
The following are the mandatory documents to be submitted by the Director and Shareholders (NRIs) of the company.
Scanned copies of:
1. Pan
2. Proof of ID like Voter ID / Passport or Driver’s License
3. Recent bank statement
Telephone. The latest utility bills like telephone, mobile or electricity
5. Passport size photograph
6. Sample signature (blank document with signature [directors only])
The following are the mandatory documents to be submitted by the Director and Shareholders (NRIs) of the company.
Scanned copies of:
1. Passport
2. Voter ID / Driver’s License / Passport
3. Recent bank statement
4. Telephone. The latest utility bills like telephone, mobile or electricity
5. Passport size photograph
6. Sample signature (blank document with signature [directors only])
Evidence for the address of the office fee
Scanned copies of:
1. Recent water bill or electricity bill
2. Notarized rental agreement in English
3. The. Receipt of latest rent
4. Owned. In case if its an owned house – sale deed or property deed
5. No from the property owner
Advantages
Limited liability
During the recent recession that lasted from December 2007 to June 2009, many businesses experienced financial problems and closed permanently. One of the advantages of having a private limited company is that the financial responsibility of the shareholders is limited to their shares. Therefore, if a private limited company is in financial trouble and has to close down, the shareholders will not risk losing their personal assets. However, committing fraud related to a private limited company can negate the owner’s limited liability protection.
Restricted trading of shares
Depending on your point of view, a ban on the sale or transfer of shares may be considered an advantage or disadvantage. Shareholders have benefits because shareholders who want to sell shares cannot sell to outside buyers. Shareholders must also agree to the sale or transfer of shares; therefore, the risk of adverse takeover is low. The ban on the sale of shares is a disadvantage as shareholders have a limited option to reduce the shares.
Continuous existence
Private limited company has its perpetual succession or continued existence, even after the owner dies or leaves the business. Includes private limited companies. When a business is involved, it becomes an independent legal entity, meaning it is able to claim or acquire separate assets from the company owner. A private limited company differs from sole proprietorship in that the latter is the sole proprietorship of the individual who is personally responsible for the company’s business debt and is essential to its continued existence.
Insulated property
The company as a legal entity is suitable for owning its assets and various assets. The company is the real person in whose hands all the assets are acquired and the control, supervision and management of the property to such an organization is so appropriate that it is in the hands of the organization. The property of a private business is not the property of its investors. A privately banned organization is considered a separate legal entity. It has its own special character and is especially regarded as a separate institution under the law. In addition, the organization may acquire assets due to this component under its name.
The latest notification about the private limited company
Shareholders requested to note that there has been no change in the additional fee logic of IFORM MGT-7 and AOC-4 / AOC-4 XBRL / AOC-4 CFS / AOC-4 NBFC for the financial year 2019-20 from 01 January 2021 after the extension. All companies were provided to take an AGM, not to fill out a form. Therefore, the due date for filling up the form will be calculated based on the actual date of the AGM or the fixed date / extended due date of the AGM which may be the case. After 31st December 2020, the additional fee will be applicable from the actual date of AGM or as the case may be AGM + 30/60 days from fixed date / extended term date and Rs.100 per day from such day even if such date comes before 31st December 2020. Is.”
“Shareholders requested to note that due to the blanket extension given to all the companies for taking AGM, the field of application for extension (GNL-1) in Form MGT-7 has been extended to SRN. Options have been made for the financial year 201-20-201 option. . As a result, on January 1, 2021, the Form MGT-7 has been updated on the MCA21 Company Forms Download page. It is advisable to check thestakeholders latest version before filing. “
31 December 2020 is the last date for filing DIR-3 KYC for the financial year 2019-20 is. The process of disabling non-compatible DINs is ongoing and will be completed shortly. Note that the web service DIR-3KYC is not available for filing during the pendency of this activity. When the service is made available on the portal after payment of the applicable fee, the above DIR-3 KYC filing can be done after completion of the prescribed activity. Stakeholders kindly note and plan accordingly. “