Private Limited Company properties, benefits and compliance
A private limited company is a company that is closely held by a few individuals with limited liability for the losses the business might incur in the future. Unlike the public limited company, the shareholders or investors could be restricted to 100 persons. A private limited company in the eyes of law is a separate legal entity, which gives it an edge over partnerships and various other business setup options where a separate legal entity might not exist. The partners or investors in this type of arrangement can be selected and is an excellent choice for startups looking for limited investment without compromising ownership. A private limited company may hire a maximum of 50 employees only. Initial private limited company compliances During the initial year of doing business, private limited companies face some once for all compliances. These can be listed as follows- · Appointment of an auditor All companies re...
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Every company incorporated in India is required to submit an annual return each year, along with all of the necessary documents, to the Ministry of Corporate Affairs in order to comply with the roc annual filing & requirements for section 8 company. You must provide all of the necessary documents along with your E-form application to the Ministry of Corporate Affairs in order to be eligible to submit it.
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