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Taxolawgy

• Justice for All!
• Legal Financial Taxation

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About Us

• Taxolawgy is an online marketplace for providing
  highest quality of Legal and Financial services
  in the most transparent environment at affordable
  rates, while opening global business
  opportunities for experts like Advocates, CA, CS,
  etc.

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What is a Private limited company?

• A Private Limited Company is a privately held
  business entity. It limits the liability of the
  owner to their shares, the shareholders are
  limited as well and the trading of shares
  publicly is restricted.  
• For Private limited company registration, a
  minimum of two shareholders and two directors are
  required.
• A private limited company can have can have up to
  15 Directors and maximum number of 200 members.
• This companies have more scope of profit and
  stability.

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Minimum requirements to register a Private
Limited Company

• Below are the essential minimum requirements
• A Pvt. Ltd. company must have a minimum of 2
  directors and a maximum of 15 directors
• One of the directors has to be an Indian citizen
  and resident.
• Two people are required to act as shareholders of
  the company. 
• The shareholders can be natural persons or
  artificial legal entity.

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What are the Steps in Registering a Private
Limited Company?

• Below are the steps which are required in
  registration of a Private Limited Company
• Step 1 Make an application for Digital signature
  certificate.
• Step 2 Apply for the DIN (Director
  Identification Number) 
• Step 3 Application for the name of the
  availability
• Step 4 File MOA and AOA  
• Step 5 Apply for TAN and PAN of the company
• Step 6 Availing the issued certificate of
  incorporation by RoC (Registrar of Companies) 
• Step 7 Open a current account in the name of the
  company. The RoC is the authority who does the
  registration of the private limited company and
  after verification of documents issues the
  certificate of incorporation.
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Documents Required for registration of
a Private Limited Company

• The director of the company have to submit the
  following document to register for a private
  limited company

As Identity proof Indian nationals PAN Card Foreign Nationals -  Passport 
As address proof Indian nationals Aadhar card/driving license/Voter Card Foreign Nationals Residence card/ Passport
As proof of residence Indian nationals - Bank Statement /Electricity/ Phone Bill Foreign nationals - Bank Statement /Electricity/ Phone Bill
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Fees required for registration of a Private
Limited Company
Authorised Capital  Fees Additional fees
Upto Rs 10 lakh - -
Exceeding Rs 10 lakh up to Rs 50 lakh 36,000 Up to 50 lakh Rs 300 needs to be paid for the capital of Rs 10,000 or part thereof. Up to Rs 1 Crore Rs 100 needs to be paid for the capital of Rs 10,000 or part thereof for capital exceeding Rs 50 Lakh After 1 Crore Rs 75 needs to be paid for every Rs 10,000 or part thereof for capital exceeding Rs 1 Crore The total amount of additional fees shall not exceed the amount of Rs Two Crore and Fifty Lakh
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Advantages of Private Limited Company

1. Separate Legal Entity
2. Uninterrupted existence
3. Limited Liability
4. Freedom to transfer shares
5. Owning Property
6. Capacity to sue and be sued
7. Dual Relationship

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• iii) If his reply is convincing and satisfactory
  the tax officer shall drop the proceedings
  against him, would not cancel his registration
  and pass an order under FORM GST REG-20. iv) If
  however the reply is not satisfactory and the
  registration is liable to cancelled he shall
  cancel the same by passing an order under FORM
  GST REG- 19. Such an order would be sent within
  30 days from the date on which the reply to the
  tax officers notice has been received.

• How does Taxolawgy help you form a Private
  Limited Company?
• Provides free consultation by the team of
  experts.
• Taxolawgy connects you with highly qualified
  lawyers.
• Ensures 100 Transparency i.e. no hidden costs
  or
• additional fees
• Solve all your queries
• Maximizes ease via online services
• Reduces service timeline through minimum
  paperwork

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Taxolawgy

• Hope you liked it!
• To know more about our legal, financial
  taxation services write to us at
  info_at_taxolawgy.com