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WHAT IS PRIVATE LIMITED COMPANY?
A 'Private Company' is a limited company registered with minimum of 2 members and 2 Directors. Maximum number of members in a Private Company not exceed 200
REGISTERED OFFICE ADDRESS?
Registered Office refers to the official correspondence address of a company or its principal place of business. The address of the Registered Office will be used for all official communications of the company.
HOW TO RESERVE COMPANY NAME?
A RUN (Reserve Unique Name) is simple and a web-based application for Company Name reservation. The approved name under RUN Process is valid for a period of 20 days. Maximum name can be applied in one application is two and maximum two resubmissions allowed. B. SPICe (Simplified Proforma for Incorporating Company Electronically) Company Registration Filing process is an integrated single point application for name reservation, Allotment of DIN for Directors and Incorporation, allotment of Permanent Account Number (PAN) and Tax Collection and Deduction Number (TAN) to the New Company. Under SPICe application process, only ONE name can be submitted for approval.
WHAT IS SHARE CAPITAL?
No minimum capital (Authorized or Paid up Capital) requirement for registering a company, but registration fee payable to government is based on the capital maintained in the memorandum of the company. The First Shareholders must bring the subscribed capital to the Company with in 60 days of Company Incorporation, and the Company must issue share certificates to the subscribers.
NAME OF A COMPANY?
The name of a company shall end with the words 'Private Limited' in case of Private Company and OPC Private Limited for OPC Company and Limited for Public Company. The name of a company comply with the Company Name Availability Guidelines under Companies Act 2013 and rules
COMMENCEMENT OF BUSINESS?
Every company shall file with the registrar within 180 days from the date of registration, a declaration stating that they have brought the subscribed capital. After filing this declaration, only a company can start business. If the company failed to file this declaration, the registrar will close the company.
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