Many times startups need to borrow money and take things on credit. In case of normal Partnerships, Partners personal savings and property would be at risk incase business is not able to repay its loans. In a private limited company, only investment in business is lost, personal assets of the directors are safe.
Private limited company is popular and well known business structure. Corporate Customers, Vendors and Govt. Agencies prefer to deal with Private Limited Company instead of proprietorship or normal partnerships.
Pvt. Ltd. company enjoys wide options to raise funds through bank loans, Angel Investors, Venture Capitalists, in comparison to LLPs and OPCs.
Investors love to invest in Private Limited companies as it is well structured and less strings attached. Most important it is very easy to exit from a private limited company
For startups putting together a team and keeping them for long time is a challenge, due to confidence attached to private limited structure, it is easy to hire people as well as motivate them with corporate designations and stock options.
Private Ltd. is easy to sell, very less documentation and cost is involved in selling a Pvt. Ltd. company.
This is a very first stage for the company registration to get the name approval of the Proposed company by the MCA through RUN (Reserve Unique Name).
The following details are required for the Name Approval from MCA.
On submission of Name of the proposed company, Our professional will Check the availability of the Name and proceed further.
DSC stands for Digital Signature Certificates. It is required for signing of eform of MCA.
The following details and documents are to be submitted to obtain DSC.
* The applicant have to verify mobile number by SMS and email by Video verification.
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On receipt of the duly signed documents from the applicant . Our team of professionals shall prepare the emforms i.e. SPICe form, SPICe MOA & SPICe AOA and submit the application to the MCA for Approval of company registration.
On successfully submission of application to MCA. The MCA will take 3 to 4 working days to issue certificate of registration.
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