Outright Counselling to Private Limited Company Registration (1)

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An Outright Counselling to Private Limited
Company Registration
EARNLOGIC
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Just know about a PLC

• A company is a place where group of peoples
  associate and share universal goals. This company
  has certain restrictions to deliver their shares
  to public. It is good for a start-up to register
  his/her company under private limited since it is
  the only mode of obtaining organizational seed
  funding. One of the prominent pattern of
  registration of organization in India is private
  limited company registration. Registration of
  private limited company in India is coordinated
  by The Companies Act, 2013 and governed by
  Ministry of Corporate Affairs.

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Requirements for incorporating a Private
limited company

• Applying for DIN Two organizers and two
  directors are mandatory. The Board of Director
  should be an individual and organizers may be a
  group or single. The individual need to apply for
  Director Identification Number along with
  recommended documents. Download the Form DIR-3
  and submit the scanned documents which leads to
  payment in private limited company registration
  process.

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• Digital Signature A DSC is an electronic format
  which is equivalent to human signature, since it
  authorizes the identification of the sender.
  Currently this is used for various online
  transactions, E tenders, Income tax E filing,
  Annual return filing, etc. Tri category of
  digital signature certification are Class 1,
  Class 2 and Class 3. For company registration and
  obtaining DPIN or DIN, you should opt Class 2
  certificate. This reduces expenditure -time and
  also integrity and authenticity of the documents
  can be maintained securely.

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• Name Endorsement This step is processed by
  Registrar of Companies and he has the authority
  to approve or reject the names of the company.
• MOA and AOA Memorandum of Association and
  Article of Association are drafted by the
  Organizers or Directors.
• Company Incorporation Certificate of
  Incorporation will be generated, once the ROC
  approves the documents and Forms submitted for
  private limited company incorporation.

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What is Seed Funding?

• Seed funding is a stereotype of integrity-based
  capitalization in which shareholders invest money
  in a trade in order to get it up and functioning.
  In return, the shareholder acquires fragmented
  ownership of the company. However, don't confuse
  seed funding with early stage funding. Seed
  money, sometimes known as seed funding or seed
  capital, is a form of securities offering in
  which an investor invests capital in a start up
  company in exchange for an equity stake in the
  company.

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Sources of raising finance for a private limited
company

• Equity Shares
• ? Preference Shares
• ? Rights issue of shares
• ? Private placement of securities
• ? Preferential allotment
• ? Sweat Equity Shares
• ? Debentures
• ? Unsecured loan from Director and his Relatives
• ? Inter - Corporate Deposit
• ? Deposit from Members
• ? Commercial paper
• ? Bank finance
• ? Pledge of shares

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Leverages of a Private limited Company

• Representatives Min-2 to Max 200 persons.
• Administrative Minimum two directors.
• Capitalization Min 1 Lakh is needed.
• Catalogue The detailed document of the company
  which is appealed to the civil for contribution
  of percentage of the concern.
• Legal reunion Filing of report to the Registrar
  of Companies is not necessary. Conversion of sole
  proprietorship into a private limited company is
  possible by some proceedings of Companies Act
  2013.

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Burdens of a Private limited Company

• Shares cannot be shared until other bondholders
  agree to it. The public cannot be involved in
  sharing the profit of a private limited company.
  All companies should mention "Pvt Ltd" in the end
  of the firm name.

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Things to be remembered while starting a blooming
business-Pvt Ltd company

• Early start up of a company is much better in a
  new business venture and identify your strength.
  A truly passionate entrepreneur will not booze in
  weekend and focus much on productivity. When it
  comes to business, the "EARLY BIRD CATCHES THE
  WORM"- so start your work earlier in the morning.
  Construct your own Business empire and unique
  brand.

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• Since entrepreneurship gives a lonely feel,
  spend some leisure time with your comfortable
  circle or your surrounding and get some fresh air
  from the balcony or grab a cup of tea or coffee.
  Have more endurance and humility in business and
  generate constant revenue. Get inspirations by
  meeting some millionaires if possible and capture
  the good wills and smart tactics from them.

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• Be an athlete in business not as a sprinter-
  but as a marathon runner...
• Make your improvement radically better day by
  day and different out of the world.

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Requirements for the formation of a Pvt Ltd
company

• Name of the company One of the amazing aspect of
  registering a private company is deciding and
  reserving the suitable name for the business. The
  name should be unique and usage of offensive and
  sensitive words to be excluded. The limitation of
  the company name is 200 characters.
• Registered Job office address The office must be
  within the jurisdiction in which the company
  incorporation takes place and is made available
  publicly in the register of the companies.
• Suitable Director The responsibility of the
  director is to take appropriate decisions at
  right time in the day to day business operations
  and he/she should not be under 16.
• A Member The director and shareholder can be the
  same person, so if you are forming a firm on your
  own, you can use your name for both positions.

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Aim beyond what you are capable of.
Make your vision clear in company registration.
Never Ever Give up!! Nothing is impossible in
Legal Business!
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Thankyou..

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