Private Limited Company

A private limited company refers to a legal entity formed by incorporations of limited companies by shares or stocks that works separately from its owners. It is a limited liability company because the owners and managers’ personal assets are not at risk for the business’s losses. Pvt Ltd companies are suitable for businesses that need legal form and limited liability but which do not wish to float in the stock exchange market.

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Service Overview

We focus on company formation and registration of private limited companies as well as giving full services to companies in this legal category. Our competent team of personnel will fully assist you in the process, thereby meeting all the legal needs and potential business openings.

‍Challenges of Filing for a Private Limited Company

Complex Procedures

The formation of the private limited company is quite complex as it requires many legal formalities.

Time-Consuming

Sometimes, its exhausting to gather all the necessary papers and fill out all necessary documents.

Share Limit

In a Private Limited Company there is a limit of 200 shareholders, with a restricted limit on share transfers.

Business Commencement

Within 180 days of registering a Private Limited Company, the certificate of commencement of business must be obtained.

Challenges of Filing for a Private Limited Company

Complex
Procedures

The formation of the private limited company is quite complex as it requires many legal formalities.

Time-
Consuming

Sometimes, its exhausting to gather all the necessary papers and fill out all necessary documents.

Share
Limit

In a Private Limited Company there is a limit of 200 shareholders, with a restricted limit on share transfers.

Business
Commencement

Within 180 days of registering a Private Limited Company, the certificate of commencement of business must be obtained.

Advantages Of Registering A Private Limited Company

Limited Liability

It refers that the personal assets cannot be seized to clear the debts of the company.

Increased Credibility

A private limited company is generally perceived to be more reliable and businesslike than a sole trader or partnership firm.

Tax Benefits

Some tax incentives may be available for private limited companies.

Easier Access to Funding

A private limited company may be easily financed from the various shareholders/banks or investors.

Service Process

01

Consultation

First, check the availability of the name of the company (for online company registration).

02

Documentation

We will help you to do the paperwork involving preparation of the Memorandum of Association and Articles of Association.

03

Registration

We will then forward all the necessary documents to the Registrar of Companies
as required for registration.

04

Documentation

With PAN and TAN, the certificate of incorporation will be issued and open a current account in the name of the company.

05

Compliance

We will assist you in maintaining continuing compliance with all legal and regulatory standards.

06

Support

We will always be here with you to offer assistance and advice so that you can efficiently run your private limited company.

Expertise: Our team consists of dedicated members and we have great expertise in the formation of private limited companies.

Efficiency: We make efficiency our goal in the registration by avoiding unnecessary delays.

Personalized Service: We pay individual attention to every client and work closely to deliver services that suit them.

Compliance Focus: It means that we strictly adhere to all existing legal requirements throughout the country.

Why Choose JR Compliance?

Service Breakdown

Documents

Documents

MoA and AoA: Documents defining the company’s objectives and governance structure.

Directors’ KYC Documents: PAN, Aadhaar, and passport-size photos for directors and shareholders.

Proof of Registered Office: Utility bill or rental agreement showing the business address.

Digital Signature Certificates (DSC): Digital proof for directors to sign legal documents electronically.

Shareholders’ Agreement: A formal agreement specifying shareholder rights and obligations.

Eligibility

Eligibility

Indian Citizens: Anyone who has a citizenship of India can start a Private Limited Company (PLC)

Foreign Nationals: Any foreign national can register a Private Limited Company (PLC) in India but with some legal requirements and restrictions.

Who Needs

Who Needs

Startups: Younger companies seeking a reliable platform to work from.

Small and Medium-Sized Enterprises (SMEs): Businessmen and corporations interested in diversification of their business and guarding their property.

Foreign Investors: People who are investing in India and who require legal format.

Existing Businesses: Companies that seek to transform or adapt their current business organization.

Creating Trust-Driven Relationships

JR Compliance is one of the known name for BIS certification, they are well versed with processes
and guide client properly.

Kartik Shah

Published on 4 March 2024

We have outsourced the entire BIS certification responsibility of our panels to JR compliance since 2017 and their service so far has been
exemplary.

K Narayanan

Published on 4 March 2024

We have been using JR Compliance services since last 3 years on various BIS related registration & testing of our various IT & electronic products. We really appreciate your full-fledged & excellent support in all respect in this matter.

P N Dhawanjewar

Published on 4 March 2024

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FAQ

How many directors are necessary at minimum for a private limited company?

Private limited company must have, at least two directors, however one director may attend to two companies at a time.

Can a minor act as a director in a private limited company?

No, a minor legally cannot act as a director of a private limited company.

How much paid up capital is required for a private limited company?

There is no minimum requirement of a paid up capital for a private limited company.

Can a Private limited company be listed on the stock exchange?

Yes, a private limited company can be listed on the stock exchange but yes, some conditions and approvals are needed.

What are the annual obligations that a private limited company has to fulfill?

A private limited company contain many legal formalities and formalities of annual returns; audit of accounts; holding annual general meetings etc.

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