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A Pvt Ltd company is a business entity formed and operated as per the provisions of the Companies Act 2013. One of the most distinct features of a Company form of Business is that it is a legal entity separate from its owners. This character provides limited liability protection to its shareholders. In India, Maharashtra is the state which incorporates the maximum number of Companies per annum
Here are some features that make a private limited company registration attractive to businesses
Now lets have a look into the advantages of registering a private limited company in Maharashtra
The most lucrative feature of a private limited company is it offers the benefit of limited liability . This in simple words means members of the company will not be held liable for the business obligations of the company. This offers protection to the personal assets of the shareholders
As the maxim goes, men may come and men may go, but the company goes on forever. Being a separate legal entity a Company has perpetual existence. It can go on with its operation till wound up by law
A private limited company enjoys the benefit of acceptance and credibility. It is an ideal business structure for entities who want to scale up their operations and attract investors
The present income tax regime offers several leniencies to private limited companies: Tax rates range between 15 % to 30% depending on operations and some conditions
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Yes , its possible by forming a One Person Company The steps involve obtaining necessary approvals, preparing incorporation documents, filing with the Registrar of Companies (ROC), and obtaining the COI.
The registration fee is based on authorized capital of the Company and professional Fees. To get a detailed quote book your call today
The process generally involves:1.Choosing a business structure (e.g. LLC, Pvt Ltd). 2.Obtaining a DIN (if required). 3.Picking a unique company name. 4.Preparing legal documents (MoA & AoA). 5.Submitting online forms to the government. 6.Receiving your Certificate of Incorporation.Consider using a professional lie Clearbiz for help and refer to your local government website for specifics.
Typically, a minimum of 2 directors and Rs. 1 lakh authorized capital are required.
On the basis of formation , private limited companies can be classified as below
Maharashtra being India’s business and economic capital registers the maximum number of companies in India. It accounts for more than 17% of total company registrations. Now let’s have a look at the process of Incorporating a private limited Company in Maharashtra
Step 1: Obtaining Digital Signature Certificates (DSCs)
As per the provisions of the Companies Act and applicable rules, every person acting as a director of a company must hold a valid DSC. Moreover, all Forms are processed online now, and digital signature is a mandatory requirement for signing
Step 2: Applying for Director Identification Number (DIN)
Obtaining a DIN is a prerequisite for joining a company as a director
Step 3: Securing a Unique and Compliant OPC Name
Choose the right identity for your business by ensuring your OPC name is unique and compliant with the prevailing rules. Ensure it does not cause any Trademark objection
Step 4: Keep ready Essential Documents for Registration
Collect necessary documents such as:
Step 5: Submitting the completed Incorporation Forms with the Ministry of Corporate Affairs (MCA)
Step 6: Acquiring the Certificate of Incorporation From MCA/ ROC -Andhra Pradesh
Throughout the registration process, you’ll have a dedicated team of professionals at your disposal. We’re here to answer your questions, provide comprehensive support, and ensure a smooth journey. Think of us as your one-stop shop for company registration!
Beyond Registration: Streamlined Post-Incorporation Support
Our commitment extends beyond registration. We’ll guide you through essential post-incorporation steps like opening a bank account and obtaining relevant registrations for your business operations. This ensures you have everything in place to hit the ground runing!
After successful registration, your company will receive the following essential documents:
We at Clearbiz believe in a No Surprises Policy. Once we have an in-depth discussion with the client, we provide a detailed professional fee quote. Only if the client approves we move forward. We focus on providing affordable business solutions to act as an enabler for your business
The time required for online company registration in Maharashtra ranges from 7 to 15 working days, subject to government processing timelines. We try our best expedite the process within this timeframe by ensuring the accuracy and completeness of your application.
We understand that Pvt Ltd companies aren’t the option for starting a business. Our expertise extends to assisting with the registration of various business structures, including: