We Corpstore Business Solutions is one of the prestigious company offering private limited company registration in Madurai and Karur. We first understand our client’s requirements and provide guidance according to it. Private limited company is the most popular kind of business organization prevailing in India. It is a business entity run by a small group of people. The startups and businesses with higher goals popularly chose private limited company as their suitable business structure. Section 2(68) of the companies act, 2013 defines a private limited company.
Simply, private limited company is a company having minimum 2 members (except for one person Company) and maximum of 200 members. The company has the right to restrict the share transfers and also prohibits any invitation to the public to subscribe for any securities of the company. Foreign nationals or foreign corporate entities or NRIs are allowed to be Directors or Shareholders of a Company with Foreign Direct Investment.
A private limited company can be registered with or without share capital. The capital of the company is provided in the capital clause of the MOA of the company.
The liabilities of the members can be limited or unlimited. Usually, private companies are registered with Limited Liability in India. In case of companies with shareholding, member’s liability is limited to unpaid capital on subscribed shares.
A One Person Company, popularly known as OPC is a type of Private Limited Company. It is a company registered with only one shareholder. This structure benefits such promoter, who does not want to share the ownership rights.
The proposed name of an LLP should not resemble to any existing company or LLP Name. Further you should also check the trademark registry to ensure that the name does not match with any registered or trademark applied.