- The information relating to the company, such as name of the company, date of incorporation, registered office address, status of the company are made in a publicly searchable database. This feature makes increase the credibility between the customer, vendors and investors.
What is a private limited company?
It is a separate legal entity having perpetual succession, with limited liability only up to the share of capital. A shareholder is not personally liable to the amount of the debt and its personal assets won’t attach to pay the debt. A private limited company restricts the number of members to 200. The company can be formed with just two members only.
Does for small business, the private limited company registration is benefited?
Yes, a small business can get its business register under private limited company registration in india. It provides the credibility and an image of their business in the eye of the financial institution, suppliers and potential clients. It helps the company to get the loans at little compliance from banks or potential party while entering into the deals..
Is there any high qualification required to become a director or shareholder in the private limited company?
A partnership firm can be started with any sum of least capital. There are no criteria for mandatory capital contribution in cash; it could be in kind also.
Is partnership deed in writing fundamental to structure a partnership firm?
As per the contract act it’s not essential to have the agreement in writing. However, it is always prudent to make a partnership deed to produce to the third parties with whom the partnership firm came into contract just like banks, income tax authorities and clients etc.
Can a partnership be established for a particular business task?
A partnership can be established for a particular business task. A person might also come in a partnership with any other for a single undertaking. The duration of firm can be for the completion of a specific project or for a certain period or at will. .
How to register a partnership firm in india?
kodexive helps with the registration process of a partnership firm with no hassle and less documentation. Just follow the documentation procedure mentioned below.