What is the Private Limited Company?
The Companies Act, 2013 defines a private limited company as
a company whose article of association restricts the transferability of shares
and prevents the public from subscribing to them. This is a distinct feature that
differentiates private limited companies from other types of public companies.
This article discusses what a private limited company is, explores the various
types of private limited companies and learns how to start one. Section 2 (68)
of The Companies Act, 2013 defines a private limited company as a separate
entity that is held privately and provides limited liability. In a private
limited company, all business profits and liabilities belong to the company
itself and stakeholders may not be responsible for debts incurred by the
company.
How
to register a private limited Company in Chhattisgarh?
Efilingcompany can help you to incorporate a
company In Kerala in fewer days possible, according to government processing
time and the availability of all the documents. Our experts will help you to
reach out you to become Private Limited Company in Kerala. After getting all
documents our experts obtain the DSC and the DIN for the proposed director. At
the same time a name approval request is made to the MCA. Incorporation
documents are drafted according to approved name and the entire partner must
sign all documents. After submitted the documents ROC grants the incorporation
certificate. The last and final step of company registration in Kerala is when
all incorporation certificates is submitted to the MCA for approval. Company
registration in Kerala can done in few and easy step with the help of
efilingcompany.com.
Documents required for the private limited company in Chhattisgarh
Private
limited company required the following documents to set them into private
limited company:
·
Memorandum of association
·
Article of association
·
Certificate of incorporation
·
Other documents
Memorandum
of association: A corporate document is a charter of the company that
defines the company's relationships with shareholders and its goals. It
outlines the purpose of setting up a business, the nature of the business, the
objective of the company, and the capital clause.
Article of association: The document explains the
internal operating system of the company, including the managing process,
duties and responsibilities of each member, dividend policy, shareholder
meetings and appointment of directors.
Certificate
of incorporation: The ROC is the primary document of authentication of a
company, issued by the Registrar of Companies (ROC) after submitting all
required documents for registration.
Other documents: Other documents include ID proof, address
proof, rental agreement, NOC from property owner, and copy of sale deed for all
directors and shareholders of the company.