Incorporation of Companies LLP and Partnership

Looking for Incorporation of Companies LLP and Partnership?

Embark on your entrepreneurial journey with confidence by choosing Callme4Loans.com for seamless company incorporation services. Our experienced professionals will guide you through the entire process, ensuring compliance with all legal requirements. From selecting the right business structure to obtaining necessary licenses, we make the process swift and stress-free. our experts at Callme4Loans.com will guide you through the intricacies of partnership agreements, tax implications, and legal requirements, ensuring a solid foundation for your collaborative ventures.

Minimum Number of Shareholders: A private company must have a minimum of two shareholders and cannot exceed 200 shareholders.
Minimum Number of Directors: A private limited company necessitates a minimum of two directors. At least one of these directors must be an Indian citizen.
Minimum Share Capital: The company must maintain a minimum paid-up capital of Rs. 1 lakh or a higher amount as specified.
Name of the Firm: The private limited company’s name must conclude with the words “Private Limited.”
Restrictions on Share Transfer: The right to transfer shares within a private limited company is restricted. Shares can only be transferred with the approval of the Board of Directors or following the company’s Articles of Association.
Prohibition on Public Invitation: Private limited companies are prohibited from inviting the public to subscribe to their shares or debentures.
Compliance Requirements: Private limited companies are obligated to adhere to various legal and regulatory obligations, including maintaining proper financial records, conducting annual general meetings, and filing annual returns with the ROC.

Company Limited by Shares: Shareholders’ liability is limited to the nominal share amount mentioned in the Memorandum of Association.
Company Limited by Guarantee: Member liability is limited to the amount of guarantee specified in the Memorandum of Association. This guarantee is invoked only during winding up.
Unlimited Companies: Members of unlimited companies have unlimited personal liability for the company’s debts and liabilities. However, they are still considered a separate legal entity, and individual members cannot be sued.

Directors and Members:

A minimum of two directors and 200 members are required for Private Limited Company Registration in India, as per the Companies Act of 2013.

Directors must have a Director Identification Number (DIN) issued by the Ministry of Corporate Affairs (MCA).

At least one director must be an Indian resident, having spent 182 days in India in the previous calendar year.

Company Name:

When selecting a name for a private limited company, two factors must be considered:

The name should reflect the principal activity of the business.

Address of the Registered Office:

After the company registration process, the company must provide the permanent address of its registered office to the company registrar. Business operations occur in this office, and all relevant company documentation is maintained.

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