A Pvt.Ltd Company Offers Limited Liability and Independent Legal Status.
A Private Limited Company is a privately held business entity in which ownership is restricted to a small group of shareholders. It limits liability to the extent of shares held, restricts share transfers, and prohibits public fundraising.
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A Pvt. Ltd. company offers its owners limited liability, protecting personal assets from business debts. It’s also an independent legal entity, allowing it to own assets and enter contracts on its own.
- Legal and Regulatory Framework
- Reasons to choose Private Limited Company:
- Minimum Requirements
- Documents Required
- Advantages after Incorporation
- Compliance Requirements
- Minimal Compliance Requirements:Private Limited Companies have fewer regulatory obligations compared to Public Limited Companies, making compliance simpler.
- Fully Electronic Process:The entire incorporation process is done electronically.
--Quick Registration:Quick and straightforward incorporation process.
Company Name: Must be unique and follow naming guidelines.
Directors: Minimum of 2, and at least 1 must be a resident director.
Registered Office: Must have a local registered office.
Shareholders: Minimum of 2, maximum of 200.
Proof of the registered office (e.g., electricity bill, rent agreement)
Digital Signature Certificate (DSC) for directors
Enhanced Credibility: Improves the business image and credibility in the market.
Access to Funds: Easier to raise capital and secure loans for business growth.
Ideal for Startups: A preferred structure for new businesses due to its flexibility and benefits.
Investor-Friendly: Favoured by investors for its organized structure and governance.
Auditor Appointment (Form ADT-1): Appoint an auditor within 30 days of incorporation, and annual audits conducted.
Board Meetings: Minimum of 4 meetings annually.
Director KYC (Form DIR-3 KYC): Annual KYC for all directors.
Director’s Report: Prepared and submitted with financial statements in Form AOC-4.
Financial Statements (Form AOC-4): Filed annually with the MCA.
GST Filings (if applicable): Regular GST return filings (GSTR-1, GSTR-3B).
Income Tax Filing (ITR-6): Filed annually with the Income Tax Department.
Statutory Registers: Maintain registers for members, directors, charges, etc. for seamless company registration and expert assistance
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At Prahar Filing & Advisory, our clients’ success stories speak volumes. Discover how businesses across various industries have leveraged our expertise to achieve their goals. Read firsthand accounts of our commitment to excellence and the impact we've made in supporting their growth and compliance needs.
“Prahar Filing & Advisory has been instrumental in helping us scale compliantly. Their team is proactive, detail-oriented, and always available when we need strategic input. A true partner in our growth.”
Kislay Sharma
Director, Dravanta Nexus Private Limited
“As an IT Company, we needed fast and reliable compliance support. Prahar delivered with precision — from GST registration to advisory. Their tech-savvy approach and clear communication made all the difference.”
Dhrub Kr Karmkar
Director, Xspaceweb Private Limited
“I was new to tax filing and unsure about deductions. Prahar simplified everything, explained the process patiently, and helped me file with confidence. Their service is perfect for working professionals like me.”
Rahul Kumar
IT Employee
“Prahar Filing & Advisory took care of my store’s registration and tax setup without any hassle. Their team is courteous, efficient, and always ready to help. I recommend them to every small business owner.”
Prabhakar Mandal
Proprietor, Aradhya Hardware
“I run a small business and needed help with GST and licensing. Prahar’s team guided me step-by-step and made sure I understood every part of the process. They’re reliable, honest, and truly client-focused.”
Angad Kumar
Proprietor, Kunwar Enterprises