A Private Limited company is a type of privataly held business venture. Private Limited compnay limits the liability of owners liability to the extent of their Shares capital contributed in the Company.Private Limited Company is Register under the Companies Act 2013 in the administration of Registerar of Companies which is a office under Ministry of Corporate Affairs
Private Limited Company is Most popular Corporate entity amongst, medium and large businesses in india due to Various Advantage. According to mca almost 90 to 95 percent of Company Register in India is Private limited Company.
Private Limited Company require 1 lakh Capital to register under RoC and Minimum of 2 directors and Shareholder.
Minimum no. of directors for One Person Company: One, Private Limited Company: Two, for Public Limited Company: Three and, for producer company: Five.
for One Person Company = One , Private Limited Company = Two , for Public Limited Company= Seven for Producer Company= Ten.
1 lakh Capital is Required to Register the Private Limited Company.
Invariably, the Balance Sheet and Annual Return have to be filed every year. Other documents such as, Return of Allotment (Form No. Pas-3), Change of Registered office (Form No. INC-22), Change among the Directors (Form No. DIR-12), Charges (Form No. CHG- 1, 9, 4) etc., have to be filed within the due date from the events taking place in the company as per the Companies Act, 2013.
You don't have to give 1 lakh Rupees To anyone You just Have to show the total Amount spent in setting up you Company at The end of Financial Year (at the end of first year)
MoA is Memorandum of Association It outlines the nature of business entity. The memorandum includes the compan's name, Registered Company address, the Company's aims and objectives, limited liability clause, share of capital, and other related Company Information
Aoa Stands for Article of Association , In essence, this document articulates the way the shares are distributed, voting rights of each class of stock, valuation of intellectual rights, activities of directors including appointments and meetings, management decisions, and many other intricate and internal processes of a company.