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In order to boost the “Make in India”, “Start-Up India” and “Skill India” Initiatives launched by the Central Government, there are several benefits that has been associated with the Pvt. Ltd. Company Registration. The process of registering a Private Limited Company has also changed to 100% online so as to reduce the formalities and time that was quite high previously. Here are some amazing benefits of a Private Limited Company registration process in India:
A Private Limited Company act as a separate legal entity. This means that all the directors and the shareholders of the company are not liable towards risk and losses.
It is easy to add or remove Directors or Shareholders in a Private Limited Company. The cost is very nominal and only takes a day to get it done.
Unlike other company structures such as LLP or Proprietorship Firm, Pvt Ltd Companies get more tax benefits. Currently Tax@ 22% is applicable .
The Market Credibility of Pvt. Ltd. is quite high. All financial Institutions like banks, creditors etc rely on these companies as compared to any other business structure.
It is easier to get loans and advances from the banks to operate the business for a Private Limited Company. Thus, the growth and stability is ensured.
The borrowing capacity is high in pvt ltd companies as it can issue debentures in secured & unsecured form.
A Private Limited Company attracts more customers as the documentations are completely accessible at MCA.
A company has Perpetual Succession, i.e. uninterrupted existence until it is legally dissolved. The functioning of a Private Limited Company will not stop incase of any mis-happening with its directors or shareholders.
The registration of a Private Limited Company in India generally takes upto 20-25 days but with Biz Excel Solution, your Online Company Registration can be completed with 7 working days. Isn’t it amazing. Let look at how we do it…
Your Private Limited Company Registration Online starts with the application of DSCs of both the directors. Digital Signatures are required for signing all the incorporation related documents at the MCA.
The next step towards your online company incorporation is the application of DIN for the directors. DIN (Director’s Identification Number) is a unique number that is provided to the directors for identification.
Selecting a unique name for your company is crucial as it will be the main asset in creating a brand value. To help you get a unique & most suitable name, we will suggest you some meaningful names as well. This process will go hand in hand with DSC formation.
Once we are done with the company name, DSC and DIN, we will start preparing all the necessary documents and forms for your private limited company incorporation. Drafting of MOA and AOA will be done as per your requirements and company’s objectives.
Once all the documentation (in Step-4) is completed, we will file all the e-forms at the Ministry of Corporate Affairs (MCA). This is the last step for your online company registration. The approval will come in 2-3 days.
After getting approval from the MCA (Step-5), the department will send COI, PAN and TAN of your newly incorporated Private Limited Company Online. Now, you can open a Current bank Account of your Company and can start working.