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When and where consumers search engines to find businesses

When And Where Consumers Search Engines To Find Businesses

A Private Limited Company is the most widespread as well as prominent type of corporate legal entity in our country. Its enrollment is administered and controlled by the Ministry of Corporate Affairs, Companies Act, 2013 as well as with the Companies Incorporation Rules, 2014. In order to enroll a private limited organisation, a minimum of two investors along with two directors are needed. A natural person can play the role of both an investor as well as a shareholder, whereas a corporate legal entity can only act as an investor. In addition, foreign corporate entities, NRIs or foreign nationals are permitted to be Directors and/or Shareholders of an organisation along with Foreign Direct Investment, building it into the favoured selection of entity for foreign supporters.

Exclusive qualities of a private limited company example separate legal entity status, perpetual existence, limited liability protection to shareholders, as well as ability to raise equity funds make it the most endorsed type of business for millions of small and medium-sized businesses that are family owned or professionally managed.

What do you mean by the term ‘Private Limited Company’?

A private limited company is an organisation that is privately grasped for small businesses. The responsibility and accountability of the members of a Private Limited Company is restrained to the amount of shares as held by them. The shares of Private Limited Company cannot be traded publicly.

Steps in Registration of Private Limited Company

  • The following steps are involved in registration.

  • Name approval by the MCA

  • Obtaining Director Identification Number (DIN) as well as the Digital Signature Certificate (DSC) for the directors.

  • Incorporation of the company.

  • Filing MoA and AoA.

  • Entering the list for TAN (if in case, the company deducts or collects tax at source).

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