Private Limited Company

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Private Limited Company

Private Limited Company is a limited company that offers limited liability or legal protection for its shareholders which comes with restriction on the ownership. We at Go Company provides the services for incorporation of private limited company at very affordable prices. Go Company provides services starting from the services required for registration of private limited company to its maintenance.

Salient Features

  • Shareholders are restricted to transfer their shares in Private Limited Company.
  • The minimum limit of members required for a Private Limited Company is 2.
  • The maximum number of members required for a Private Limited Company is 200.
  • Private Limited Company don’t allow the public to subscribe to its share capital.
  • No minimum requirement of capital is there in Private Limited Company.

Pros

  • Private Limited Company has limited liability.
  • The business is not affected by the status of the owner.
  • The minimum number of members that are required to start a Private Limited Company is 2.
  • More capital can be raised because the maximum number of the shareholders allowed in Private Limited Company is 200.
  • The scope of expansion is higher in Private Limited Company because of its easy to raise capital from the financial institutes with the advantage of the limited liability.
  • As compared to Public Limited Company, a few compliances are required to be done with the registrar of the companies in the Private Limited Company.
  • If the paid up capital is less than 50 lakhs, then Private Limited Company can enjoy the status of a small company.

Cons

  • The maximum number of shareholders is limited to 200 which can limit the growth of the Private Limited Company.
  • The shares in the Private Limited Company cannot be sold or transferred to anyone else without the agreement of the other shareholders.
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Process to Set up a Private Limited Company

Packages:

Select from the following packages :

  • For Basic
    • 1. Incorporation
    • 2. PAN
    • 3. TAN
    • Rs. 14,999
  • For Standard
    • Basic +
    • 1. Income Tax Return
    • 2. First Year TDS F...
    • Rs. 19,999
  • For Premium
    • Basic + Standard +
    • 1. Stationery Print...
    • 2. First Year Annua...
    • 3. Auditors Appoint...
    • Rs. 24,999

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