Many start-ups register as a ‘Private Limited Company’ as it is the only entity to get Seed funding. It is thus the most popular legal entity in India.
WHATS INCLUDED IN THIS PACKAGE ?
What is the process for Converting Proprietorship to Private limited company?
Digital signature for atleast one director is required
If any director already possess DIN it can be used. Else, application for DIN can be made
Any person above 18 years can become a director. Non-residents can also become director of Indian companies.
A private limited company must have a minimum of 2 directors while the maximum no. of directors can be upto 15.
ID proof and residence proof of all the proposed directors, PAN card is mandatory for Indian nationals. No objection certificate from the owner of registered office or lease agreement must be produced.
Every private limited company must hold a board meeting atleast once in every three months and an Annual general meeting (AGM) every year.
Company’s proposed name should be unique i.e., it should not be identical to any existing name. Names that infringe others’ rights, trademarks or patents are likely to be rejected by ROC.
Yes, Companies Act 2013 provides rules for converting a private limited company into a public limited company.
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