A Private Limited Company, as the name implies, is privately owned by a minimum of two owners and directors, each of whom has limited liability to the value of their share in the company. There is a legal distinction between the private limited company in bangalore and its owners. In terms of starting a company, there is no easier option than this one. Investor funding, continued business operations after the founder's retirement, and reduced tax liability are just a few of the reasons why this business structure is so popular among entrepreneurs who want to keep their companies going strong for the long haul. Companies can be registered quickly, easily, and painlessly with Mibook registration services.
To ensure the smooth operation of their business, individuals or groups of individuals might form a private limited company registration in bangalore in accordance with India's Companies Act, 2013. Most business owners choose this structure because it offers more room for development and expansion than either LLP Registration in Bangalore or company registration in bangalore. In India, a private limited company in bangalore that has gone through the proper registration procedures enjoys the same legal protections as a limited liability company as well as those of a partnership.
The corporate forms of business organisation and the partnership forms come together in a Private Limited Company in Bangalore. Because of its credibility and standing in the business community, pvt ltd company has no trouble raising financing from banks, investors, VC firms and other sources. Mibook provides comprehensive support for establishing a private limited company in Bangalore.
If you need assistance registering a business in India or incorporating an existing one, trademark registration bangalore, GST registration in bangalore, accounting and bookkeeping services in bangalore.
Contact Mibook, India Consulting. Please get in touch if you require further information.
Minimum of 2 and Maximum of 15 Board Members
With a bare minimum of 2 and a maximum of 200 Shareholders
Individuals can serve in both roles of director and shareholder
One of the Board Members must be a Native American who resides in the country.
In accordance with the Directors' Instructions, the Minimum Capital Requirement is nil
Digitally Signed Agreements of Customers and Board Of directors
|No of Shareholders||No of Directors||Authorized Capital||Paid-up capital|
|2 individuals||2 Individuals (Can be 3)||Rs. 1 lakh minimum||Rs. 10,000|
Two shareholders are required to be present during the registration process.
It is required by law that at least two directors be appointed.
The bare minimum for share capital is set at 1 lakh
Each board member must have a valid DPIN.
An Indian Citizen or Permanent Resident must be one of the chosen partners.
Note: You should be aware that there are "Pvt ltd registration Bangalore government fees" that must be paid.
The liability of shareholders is limited to the amount of capital invested by them in private limited company registration in Bangalore. Therefore, the lenders and creditors cannot make a claim over the personal assets of shareholders in case of losses. Mibook guides the shareholders to handle such affairs of the company.
A Registered Private Limited Company has a legal identity that is considered distinct from its shareholders and directors. As such, it can own assets and liabilities in its own name. Also, a company may get assistance from third parties in its own name. The Mibook helps companies to avail the benefits of a separate legal entity.
A Registered Private Limited Company is the most preferred type of business entity from an investor's point of view. A Private Limited Company can’t raise funds from the general public, but it can raise funds from private equity or from private venture capitalists, angel investors, ESOP, etc. It is better to take the advice from the experts of Mibook in such matters.
Banks, venture capital firms, and investors are more likely to work with officially incorporated pvt ltd company registration
Distribution of shares to new directors or investors is a simple process.
Functions as a shield against legal trouble, keeping your personal assets safe.
Gives you the freedom of a partnership with the benefits of a public limited company.
Incredibly simple to set up, administer, and operate.
It is easy to dissolve a Pvt. Ltd. firm once it has been registered.
Shareholders of a registered private limited company are protected against liquidation in the event of a company's insolvency due to unforeseen financial issues. Only the initial investment is at risk, while the rest of the director's wealth is unaffected. Pvt Ltd companies provide limited liability protection for its shareholders. Mibook offers expert guidance to help you make sense of and respond appropriately to situations like these.
Obtaining investments and forming collaborations with foreign establishments is crucial if the company is generating products for a global market and planning to expand operations worldwide. There is no need for foreign companies to obtain authorisation from the Indian government in order to invest in India if they are structured as Indian private limited companies, as all tasks are completed through the automated way. Although government approval is required for partnerships and LLPs, Mibook makes it possible for any business structure to manage its administrative tasks with ease.
Since there is a distinction between shareholders and directors, businesses that register as Pvt. Ltd. in Bangalore have an easier time accepting equity capital. There is a high probability that private equity and venture capital firms will put money into a different organisational framework.
As the Companies Act 2013 governs private limited company registration in india for Gst these businesses are better organised in their value creation as they must adhere to all the severe procedures, reveal standards, and deal with the numerous legal criteria. With so many advantages, it's wise to have Mibook experts handle your Pvt Ltd company registration.
The main advantage of Pvt ltd registration in Bangalore is that the company will remain in existence until it is formally disbanded. Since a registered Pvt ltd company is its own distinct legal entity, it will continue to exist even if one of its members dies or leaves the company. In spite of potential disruptions, it will persist in some form or another. A refreshed "Private limited business registration certificate" is issued upon successful completion of registration via Mibook.
The Companies Act requires every Pvt Ltd to submit ROC annually. In the private sector, ROC reports are required regardless of the size of the company's revenue or capital.
Annual compliances, such as annual returns and income tax returns, must be met by all companies registered in India, regardless of whether they are private limited companies, one person companies, limited companies, or section 8 companies.
Getting a pvt ltd company registration is the most typical first step in establishing a new business. There is a great deal of paperwork, such as ROC filings for private firms, that must be completed when a corporation is formally established or incorporated.
Compliance with complex corporate rules, such as ROC filings for private companies, can be onerous for an entrepreneur, especially given the magnitude of the daily operating duties that need to be completed by enterprises. The Mibook provides expert assistance in resolving such problems and ensuring that penalties and fines are avoided by punctual adherence to such compliances.
Get things rolling by signing up with a top-tier GST registering app.
Mibook will provide your Pvt Ltd company with a Compliance Manager who will handle all compliance-related issues. Contact Us Now!
We have a dedicated team for registration of new companies to help startups in government startup policies, taxes, loans, grants and also guide them to choose proper entity. The various types of registrations are Proprietorship, Partnership, One Person Company (OPC) Pvt ltd, Private Limited Company, Limited Liability Company, Public limited Company, Nidhi Company, Producer Company and Sec 8 Company.
Keeping your accounting records up-to-date often is a time-intensive and an expensive practice for almost any business. We, as a leading bookkeeping company, can easily work with you to set up your financial management software, or help you to bring about improvements in the pre-existing software. Our team has the versatility and expertise to proactively contribute to your company, regardless of whether you are a small-scale and mid-sized business, CPA or perhaps CFO.
Trademark registration is very important to safe guard your brand name and products. Once your Trademark is registered, no other company can use it. Our experienced legal team will guide from registration process to objection filings, trademark opposition and also renewal.
FSSAI License or FSSAI Registration (Food Safety and Standard Authority of India) is mandatory for starting any food or other related business. We offer expert advice on whether to procure Fssai registration / Fssai State license / Fssai Central Licence based on your type of food business and business turnover.
Mibook Will help you in managing all your Payroll Compliances like PF Registration, ESI Registration, PF and ESI Return Filings. We also help you in Payroll processing, generating Pay Slips, Employee TDS deductions and filings.
The Section 8 Company is registered to promote non-profit objectives such as trade, commerce, arts, charity, education, religion, environment protection, social welfare and other no profit organisations. To start or incorporate a Section 8 Company, a minimum of two directors are required. There is no requirement of minimum paid-up capital in the case of Section 8 Company. In India, a non-profit organisation can be registered under the Registrar of societies or Trust or as a Non-profit company under the Section 8 Company of the Company Act,2013. Mibook can assist you in every step of registration. Please contact us to know more details.
Mibook will manage all the statutory compliance’s, accounting,Audit, taxation and others of Private Limited Companies, LLP companies, Public Limited Companies, sec 8 companies, Trust, Nidhi Companies, Partnership and Proprietorship companies by giving end to end solutions and services.