Online Private Limited (Pvt Ltd) Company Registration in India
Private Limited Company registration (PLC registration) is a popular way to start a business in India. It offers benefits like limited liability protection to founders, separate legal existence, better credibility, and ease in raising external funds. Hence, Startups and progressive businesses, with higher risk and growth aspirations, prefer a company structure. It is registered with the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013. Why Should You Choose Garg Associate for registering your company?
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By registering as a PLC in India, owners can limit their liabilities to their capital contribution commitment. Their personal assets are protected from any major loss or debt in the business, unlike Partnership and Proprietorship firms.
While the shareholders are the owners of the business, the management decisions are made by the directors of the company. This helps the business to benefit from professional management without diluting ownership for the promoters and shareholders.
The company enjoys a separate legal existence from the owners. It can enter into contracts, own assets, and sue the third parties in its own name. As a distinct entity, it has a perpetual existence even beyond the lifetime of the members.
Being a highly compliant structure, banks prefer to issue loans to Companies and LLPs. Pvt Ltd Company offers key advantages like the ease in ownership transfer and limited liability protection for owners. Investors like Venture Capitalists, Private Equity Firms, and HNIs choose to invest in private limited companies.
Documents Required for Private Limited Company Registration Online
1. PAN and Aadhaar Card
2. Identity Proof
3. Photographs
4. Business Address Proof
5. Proof of Address
