Private Limited Company Registration can be done through Solubilis in Coimbatore, Chennai, Madurai, Salem, Trichy, Tirupur, Bangalore, Hyderabad and Cochin.
for more info:http://hyderabad.privatelimitedcompanyregistration.in/
Private limited company registration in kochi -converted
1. Private Limited company
registration in Kochi -Kaloor
Private limited company registration in Kochi is done privately with limited
number of shareholders. The owner’s liability to the shares is limited. When
liability is limited to the shares of course in case of any financial loss to the
company, the shareholders no need to take risk of owing their assets to loss.
Unlike OPC the shareholder in Private limited can be up to 50 and minimum two
Directors are needed Private Limited company registration in Kochi is governed
by Companies Act 2013.
It has special status in the eyes of the law. Many start-ups prefer this private
limited company because the growth is stable and steady. Tax exemptions are
available for private limited companies. As known earlier One Person Company,
Limited Liability Partnership and some of the types of the Private limited
company. It operates as a distinct legal entity. Profit sharing is not a concept in
private limited company.
2. Private Limited company
registration in Kochi- Process
Setting up the business is straightforward. The Private limited company
registration in Kochi explains how a Private limited company can be registered.
Initially the DSC (Digital Signature Certificate) and DIN (Digital Identity Number)
must be obtained. DSC is always required if you choose not to sign the
documents physically. This is time efficient work done by DSC. DIN is obtained
from proposed Director in a private limited company.
Then suitable name should be selected. The main consideration is the
name should not be similar to existing names. So as to avoid any legal issues
with similarity found the name must be ‘unique’. And also The Private limited
company registration in Kochi ensures whether the selected name must have
prefix of ‘Pvt.Ltd’.
3. Filing for private company
The next step is for filing for incorporation of private limited. Thereafter
documents must be submitted for incorporation of the private limited company.
A declaration statement about requirements should be given and also the
declaration must be signed by the attorney or the Supreme Court advocate or
charted accountant who is fully known about the company. The private limited
company must be subscribed at least to one share. Then certificate of
Incorporation is issued.
4. Documents Required for
Registration
Private limited company registration in Kochi says what are all the documents
needed for the above said registration process. Firstly for Director or the
shareholder one photograph, copy of PAN card, copy of address proof or
Aadhar card or vote id or passport must be given. And also copy of bank
statement or copy of telephone bill is given. Articles of Association,
Memorandum of Association, Declaration and affidavit of the Directors should
be submitted. The Private limited company registration in Kochi explains AOA
and MOA.
Article of Association (AOA) - gives regulation and purpose of the company.
Memorandum of Association (MOA) – it is legal document which describes
relationship with shareholder. The registration process is complete with ten to
fifteen business days.
5. Documents for registration
Then the documents for company address will be given. They
are utility bills like electricity bill, telephone or gas bill is given. If
it is rented then rental agreement documents and sales deed is
given. And also NOC is submitted. NOC is No Objection
Certificate.
For NRI person to start the private limited company, copy of the
passport, any ID proof like Driving license and address proof of
the home country should be submitted. The Private limited
company registration in Kochi ensures whether they are
submitted.
6. Features of Private limited
Company Registration
The Private limited company registration in Kochi states few of the
characteristic features. They are at least four board meeting s should be held;
one in each quarter. And the gap between two meetings should not be more
than 120 days. AGM the Annual General Meeting should be done within six
months from closure of the Account.
The Private limited company registration in Kochi gives an idea that private
limited company can be converted into LLP or into a public limited company.
When the company has no security interest in its assets at time of application.
Relating to conversion the documents should be submitted. The debt,
liabilities and obligations shall not be affected due to this conversion.
7. Features..
Private limited companies contribute to the growth of the economy. And also
the small group of people can start up and their efficiency helps in the growth.
Their credibility increase when it is being registered. Tax advantages become
possible in private limited companies. The Private limited company registration
in Kochi states even after the demise of the Director then a successor can take
over the charge.
NRI can come to India and form Private limited company with small group of
people because the law associated with Private Limited Company paves the
way for it. Also Private limited companies have very good branding of
stakeholders or vendors. So people will setup the mind-set that if you are
managing a private limited company then you are very serious about it and
will not run away overnight.
8. Rules of Private Company
registration
One cannot expect the capital to be much when you compare it with public
limited company. The shares cannot be sold out to the public. The Private
limited company registration in Kochi explains the shares cannot be transferred
to the others without the consent of the shareholders.
The Private limited company registration in Kochi explains that one has to seek
for another person to accompany in the formation of private limited company
unlike One Person Company. And also it cannot be listed in stock exchange. The
dissolution of private limited company is time consuming.
To access financial support it is comparatively difficult with public companies.
The Private limited company registration in Kochi warns if any one of the
shareholders is likely to be involved in illegal activities then it will be
suspended.
9. Conclusion
The Private limited company registration in Kochi states that the Investors are
keen on investing in Private limited Company. Since it is flexible and scalable
nature the shares like equity share can be issued to different people. Greater
remuneration is also paid to the Directors. The private limited company helps
in fund raising. Private limited company increases trust and credibility. Thus
the private limited company has some economic and social responsibility in a
nation.