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A private limited company is a popular business structure that combines the benefits of limited liability with flexibility and operational efficiency. This type of business entity is prevalent in many jurisdictions and is chosen by entrepreneurs seeking a balance between personal control and financial protection. In this article, we will delve into the key aspects of a private limited company, exploring its definition, advantages, formation, and management.
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Four (4) company names are to be decided in order of priority. This is where the company registration process begins.
Monk Tip : Choose a unique name that does not exist in the MCA database and the trademark database.
To check the name availability, kindly fill up the form on your right.
This is the money you are authorised to invest into the company over a period. Moreover, the authorised capital can also be increased later.
Monk Tip : Keep it between ₹ 1 lakh to 15 lakhs.
Most startups keep it at ₹ 1 lakh because the purpose is to keep the registration costs low.
Paid up capital is the amount that is to be deposited into company’s bank account. Moreover, this amount is to be invested in 6 months from the company registration date.
Monk Tip : This should be kept according to the amount you’ll need initially.
Minimum : ₹ 0
Maximum : Up to your authorised capital.
You can go for any of the options :
Note : You’ll require a No Objection Certificate (NOC). We’ll draft it for you.
“You don’t have to be great to start, you have to start to be great”. The same is true for company registration. The sooner you start, the better.
₹11000
₹5499
Includes
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