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It’s the most famous legal structure for the business. There is limited liability for all the directors, in case of bankruptcy, banks/creditors can sell only company assets but not the personal assets of directors. Due to its openness to all market scenarios, the Private limited structure is very famous for small, medium, and large businesses in India. This structure is very flexible to external funding and investment. A Private limited company has more credibility as compared to other incorporation structures.

Even though statutory compliance for a private limited company is higher than those of a partnership firm, it gives the company more opportunities to flourish and expand its reach.

Document Required

In the registration process of the company, the following documents:

  • PAN Card: PAN Card of all shareholders and Directors. Foreign nationals may provide passport

  • ID Proof: Aadhar Card/ Voter ID/ Passport/ Driving License of all shareholders and Directors

  • Address Proof: Telephone Bill /Electricity Bill/ Latest Bank Account Statement of Shareholders and Directors

  • Photograph: Latest Passport size photograph of all shareholders and Directors

  • Business Address Proof: Electricity Bill/ Latest Bank Account Statement of Shareholders and Directors

  • NOC from the owner: No Objection Certificate to be obtained from all the secured creditors of the applicant

  • Rent Agreement: Rent Agreement of the registered office should be provided if any

  • Verification: A Copy of the Partnership deed and Certificate of Registration duty verified by at least two partners of the general partnership.

  • Copy of ITR: A copy of latest income tax return filed by the Partnership firm

NRI/ Foreign National: In the case of NRI or Foreign National, documents of partner must be notarized or apostilled

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Anita Mishra,

Co-Fonder and Director

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Director, Dewans Coffee

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