Private Limited Company Registration-Beginner’s Guide to Start a New Business in India

If you are planning to start a new venture or you are a Foreign Company who wants business expansion in India, it might not be that easy. Various regulatory and legal issues need to be resolved to set up and grow a new business in India. As a business, there are multiple options available for you to set up business and we will be discussing the Private Ltd Company registration details and benefits.

Now, what is Private Limited Company registration?

A Private Limited Company is basically a registered company that is mostly a voluntary community. The term "Limited" indicates that the shareholders of the company are not liable to any debts of the company. Any of their personal assets should not be used to pay the debt of the company. 



Benefits of the registration 

Let's turn the page now. What are the benefits a company can obtain on getting such a certification?

The first and foremost that the Private Limited Company registration allows is to get loans with minimum compliances. The loans can be taken from open market or financial institutions including banks at the inception of your business. As you have just started and the volume of the company might be still negligible, getting such registration will surely help. 

Most of the prospective clients often look for such registered businesses to enter into contracts or business relationships. It helps build trust among the potential clients and suppliers.. Thus, it enables to set up your new business in India, thereby supporting the business growth.

Companies in India are registered with the Registrar of Companies (ROC) under Companies Act 2013. The details of the company can be checked by anyone on the Ministry of Corporate Affairs (MCA) website without paying any fees. Also, details of all the directors are provided while the formation of the company. Since all the details are public, it makes this form of company reliable for investors and public.

Concluding

Check out the companies who can quickly help your start-up to get registered and helps you set up your business legally and permanently.

Comments

  1. Anonymous22 December 2020 at 02:49

    Interesting information. We provide the Best Company Registration in Chennai, Reach us now to avail this service at the best price.

    ReplyDelete
  2. Vignesh7 August 2022 at 23:20

    Being an online business startup the online business startup costscan be difficult. You have to deal with the constant fear of not making enough money and being web-enabled. This means that you have to be able to effectively manage your money, build a growing list of interested customers, and keep up with your competitors

    ReplyDelete
  3. Finance and Accounts8 August 2022 at 06:26

    A Board Meeting must be held to obtain the Directors' in-principle approval and to set the date, time, and location for holding an Extra-Ordinary General Meeting (EGM) to obtain the approval of the private limited company to OPC shareholders via a special resolution.

    ReplyDelete
  4. nareshnk30 August 2022 at 02:15

    A business idea is a notion that can be utilised to make money and is often focused on a good or service that can be provided in exchange for money. In order to create a great business, you must first have a concept.

    ReplyDelete

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