Private Limited Company Registration in Gurgaon/ Gurugram
Posted: Sep 07, 2022
A Private Company Registration in Gurgaon/Gurugram is the most popular way of business registrations among all the categories like small, medium, and large enterprises in India. Start-ups and businesses with higher vision of growth and expansion, popularly choose Private Company Registration as one of the suitable business structures. A Private Company must have minimum 2 and maximum 200 members.
It is mandatory to use the word "Private Limited’ at the end of the name of the company for example XYZ Private Limited Company. This form of company has several benefits such as no interference of government or public, no requirement for the issue of the prospectus, enjoys separate legal existence from its members, can enter a contract in its own name.
You may also know that a Private Company is eligible to take benefit of registration under the Startup India Scheme of the Government of India.
Benefits of Private Limited Company Registration in Gurgaon/ Gurugram
1. Distinct Legal Entity
One of the most popular benefits of Registration of Pvt Ltd Company is that it is treated as a single entity in which the company is responsible for all the debts incurred. The company shall be liable for any shortcomings, its members are not personally affected or be liable for the same, they are only responsible for unpaid shares. A Private Limited Company is considered as separate legal entity from its owners which safeguard the owner from being sued in case of any legal controversy. However, in case of the malpractices done by the owners of the company the rule of lifting and piercing of corporate veil may apply.
2. Brand Image
Registering a Private Limited Company gives a reputed brand image to business as compared to running a business as a Sole Proprietorship Firm. Generally, a large business firms prefer to deal with companies instead of sole proprietor firms.
3. Easy Fund Raising
A Private Limited enjoys a better option for borrowing funds. It can issue debentures secured and unsecured. Banks and other financial institutions also prefer giving financial assistance to large Private Companies
4. Tax Saving
In a Private Limited Company, there are many ways in which you can enjoy extra monetary benefits by saving tax. There are always some tax planning tips that every Private Limited Company registration considers filling its pockets a little high. Private Ltd Companies are taxed at a rate of 22% with a surcharge of 10% and cess of 4% making the effective tax rate as 25.17% which is lower than an LLP registration which is taxed at 30%.
Documents Required for Private Limited Company Registration
For Directors and Shareholders:
Passport Size Photograph
Voter ID/ DL/ Passport
Telephone /Electricity Bill/ Bank A/c Statement (Not older than 2 Months)
For Address Proof of new company:
Telephone /Electricity Bill/(Not older than 2 Months)
No Objection Certificate
Frequently Asked Questions (FAQs)
Q1. What is the criteria for Pvt Ltd Registration?
Ans. A minimum of two shareholders with non-transferable shares (and a maximum of 200) required to form a private limited company.
Q2. Which is better Private Limited Company or Sole proprietorship firm?
Ans. There are many benefits to being a sole trader in a proprietorship with no compliances and obligations. However, Private Limited Companies have a smooth structure of operation and separation of both assets as well identity. Therefore, Private Limited Companies are proving to be better in the long-time span.
If you want to register a Private Limited Company, at Compliance Calendar LLP we have dedicated group of professionals who are experts in the company registration process. You can trust us and give the complete handholding of your Company Compliances. Incase of any doubt feel fee to reach us at 9988424211.
A Private Company Registration in Gurgaon/Gurugram is the most popular way of business registrations among all the categories like small, medium, and large enterprises in India.