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how to register in business in kochi

how to register in business in kochi

how to register in business in kochi

What is Private Limited Company Registration?

Private Limited Company Registration is one of the most popular legal entity or proper company registration in India with the ministry of corporate affairs. A company is called as private limited when all its shares are in private hands and is owned by a group of promoters. In Private Limited companies, the minimum number of shareholders should be two and the maximum 200.

Benefits of Pvt Limited Company Registration in Kochi

1.Limited Liability

It is the powerful tool of a Private Limited Company that the liability of each member or shareholders is limited to the contribution made by them. If a Private Limited company takes any loan and is unable to pay off, members are responsible to pay only how much they own. In short, A Private limited company is an independently taxed business entity, where each shareholder has liability limited to his shareholding.

2.Separate Entity and easy to raise funds

A private limited company possess the status of a legal entity and enjoys a better avenue for raising funds They also have a great chance of getting loans from banks and other financial institutions.

3.Get a higher credibility in the market

A private limited company holds high authenticity in both national and international market.

4Expansion is easier

The process of expansion is easy as the fundraising can easily be done by receiving funds from its members only. The bank also gives higher value to private companies and sanction Loan easily.

Why should a business register as a Pvt Ltd Company?

Pvt Ltd Company registrations provides more advantages than others as they are more organised, credible and have the scope of utilising the chances as the business grows. They can even be sold to another entity or individuals without any interruption to the business and funds can be easily raised from investors. It is easy to set up and can be recommend to startups.

Process and steps involved to register a Pvt Ltd Company in Kochi

1.Obtain the DSC (Digital Signature Certificate)

2.Apply for the DIN Registration

3.Check about the Company Name availability on the MCA Portal & Apply for the Name approval of the Company.

4.After the approval of the name, Proceed with the SPIC (INC 32) Private Limited Incorporation Form with the E-MOA & E-AOA of the Pvt Ltd Company.

5.Apply for the PAN & TAN Application for the Company which is issued with the Certificate of Incorporation.

6.After getting a certificate of incorporation, you have to open a current bank account as per your choice.

how to register in business in kochi

s it possible for small businesses to get company registration in Bikaner? Yes, a small business can get register as a private limited company, by registering as a private limited company they get recognition in the eyes of the financial institution and the suppliers, and the clients. Who can be a director in a private limited company? A person who is a citizen of India and has attained 18 years of age can become a director in a private limited company. Can a proprietorship firm be converted into a private limited company? Yes, a proprietorship firm can be converted into a private limited company in Bikaner. To know more get in touch with u

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