- Minimum Shareholders and Directors - TWO
- Indian Resident Director - Atleast ONE
- Director and Shareholder can be same
- Minimum Authorized Share Capital to be Rs. 1 Lac
- DIN (Director Identification Number) for all directors
- DSC (Digital Signature) for Directors, Shareholders and Witness
- One Witness for MOA/AOA subscriber
DIRECTORS AND SHAREHOLDERS
1. PAN CARD
2. PHOTOGRAPH
- Passport Size
3. ID PROOF
- Adhaar Card
- Voter ID
- Passport
- Driving License
4. ADDRESS PROOF
- Bank Statement
- Electricity Bill
OWNED BY ANY DIRECTOR OR SHAREHOLDER:
1. Sale deed of the Property
2. NOC from the owner (Draft Copy will be shared)
3. Latest Electricity Bill/Telephone Bill/Gas Bill
TAKEN ON RENT BY ANY DIRECTOR OR SHAREHOLDER:
1. Rent Agreement
2. NOC from the owner (Draft Copy will provide draft copy)
3. Latest Electricity Bill/Telephone Bill/Gas Bill
Best for Startup India Registration. Benefits available like Tax Exemption, Fund Raising (IPO or Loan), Trademark Registration etc.
Also best for selling company or merging with other companies
If Private Limited company was in financial trouble, the shareholders would not risk losing their personal assets.
The company shall continue to exist even though the directors or shareholders leave the company. It will continue till its closed i.e. wound up.
Domestic Private Limited Companies get benefits like low rate of taxation in comparison to Partnership firm, MAT credit entitlement, Deduction under Chapter VI-A etc.
A Company can sue in its name or can be sued by others. It can also own properties (Land, Building etc.) in its own name.
It is easier to transfer the ownership as it is governed by Companies Act 2013
If authorised capital is up to Rs. 10 lakhs or above and registered address is situated in specific state then stamp duty (actual basis) will be charge extra as per respective state.
In case of rejection of one RUN form, additional cost will be charged extra.