Private limited company is the most popular corporate entity amongst small, medium and large businesses in India due to various advantages. Tradewell Advisory Services offers company registration from Rs.15899/-
Private Limited Companies are those types of companies where minimum number of members is two and maximum number is two hundred. A private limited company has the limited liability of members but at the same time it has many characteristics as those of a partnership firm. A private limited company has all the advantages of partnership namely flexibility, greater capital combination of different and diversified abilities, etc., and at the same time it has advantages of limited liability, greater stability and legal entity. In this sense, a private limited company stands between partnership and widely owned public company. Identifying marks of a private limited company are name, number of members, shares, formation, management, directors and meetings, etc., The maximum number of directors shall have to be mentioned in the Articles of Association. In the grand of privileges and exemptions, the Companies Act has drawn a distinction between an independent private company and other private company which is a subsidiary to the other public company.
An organization is a legitimate element and a juristic individual set up under the Act. In this manner an organization type of association has wide lawful limit and can possess property furthermore bring about obligations. The individuals (Shareholders/Directors) of an organization have no obligation to the loan bosses of an organization for such obligations.
An organization has 'ceaseless progression', that is proceeded or continuous presence until it is legitimately broken down. An organization, being a different legitimate individual, is unaffected by the demise or other takeoff of any part yet keeps on being in presence regardless of the adjustments in participation.
An organization appreciates better roads for getting of assets. It can issue debentures, secured and additionally unsecured and can likewise acknowledge stores from the general population, and so forth. Notwithstanding managing an account and budgetary foundations like to render extensive money related help to an organization as opposed to association firms or restrictive concerns.
Shares of an organization constrained by shares are transferable by a shareholder to whatever other individual. Recording and marking a share exchange shape and giving over the purchaser of the shares alongside share endorsement can without much of a stretch exchange offers.
An organization being a juristic individual, can get, possess, appreciate and distance, property in its own particular name. No shareholder can make any claim upon the property of the organization insofar as the organization is a going concern.
Restricted Liability implies the status of being lawfully dependable just to a constrained sum for obligations of an organization. Dissimilar to proprietorships and organizations, in a constrained risk organization the obligation of the individuals in regard of the organization's obligations is restricted.