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Almost 93 percent of the New Company Registration in India are in form of Private Limited Company Registration. A new private limited company, or PVT LTD, is a type of privately held small business entity. This type of business entity limits owner liability to their shares, limits the number of shareholders to 50, and restricts shareholders from publicly trading shares.
A private company can start its business after getting an Online Company Registration Consultant Service . Further You Can have Online Company Registration Service on your residential address (No office set-up required).
A company is a legal entity and a juristic person established under the Act. A juristic person is a person who is not a natural person or human being. Therefore a company form of organization has wide legal capacity and can own property and also incur debts.
A company has ‘perpetual succession’, that is continued or uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership.
Limited Liability means the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorships and partnerships, in a limited liability company the liability of the members in respect of the company’s debts is limited. In other words, the liability of the members of a company is limited only to the extent of the face value of shares taken up by them.
Shares of a company limited by shares are transferable by a shareholder to any other person. The transfer is easy as compared to the transfer of interest in business run as a proprietary concern or a partnership. Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate can easily transfer shares. Company Registration in India online is really easy.
A company being a juristic person, can acquire, own, enjoy and alienate, property in its own name. No shareholder can make any claim upon the property of the company so long as the company is a going concern.
In the company form of organization it is possible for a company to make a valid and effective contract with any of its members. It is also possible for a person to be in control of a company and at the same time be in its employment. Thus, a person can at the same time be a shareholder, creditor, director and also an employee of the company.
A Company is a form of business that is widely preferred for its benefits. As legal entities, companies have similar rights and responsibilities to people. They may be responsible for human rights violations. They may also exercise human rights issues against individuals or the state.
A Company shall be registered through the Ministry of Corporate Affairs. It has a sequential process of-
Every Business has its initial cost so as goes with a company also. Different professional charges different fees for their services. The average cost of Company Registration in India should be in somewhere between Rs. 7,000 to Rs. 12,000
For a small business, it might not be a matter of concern to select a company registration over a firm, but those who are serious about their start-up selects their business modal very wisely, hence they need to look following points for their selection-
Starting a business is not a complicated task nowadays, you just need to be sure of a few questions like-
It's really easy, a registered company will always carry a CIN (Company Identification Number), anyone can verify the CIN with the name of the company on the government-operated website www.mca.gov.in
You can also check the company by searching using it's name on the above mentioned portal.
Online Company Registration Service in India