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Download the PDF: http://bit.ly/3EutgIu Please call 9941993399 for any clarification Documents required for private limited company registration One of our client who is into Sewing Machine manufacturing had approached us a few months back asking for a suggestion to select the right business entity for him. He was a bit concussed in choosing the right entity for him whether to choose partnership or private limited company. We explained to him the advantages of a Private Limited Company and advised him to choose the same. Recently we had a call from him, he happily expressed that he had got a very huge order for exporting 1000 sewing machines and the purchase head of the buyer company said that, your company being a private limited company, we trust you and assign this order. This the advantage of being a Private Limited Company. Minimum requirements for forming a private limited company in India Minimum 2 shareholders/members are required and the maximum number of shareholders/ members can be 200. Minimum 2 directors are required and a maximum there can be 7 directors. The shareholders can themselves become directors. One office space within India Minimum authorized share capital of One Lakh. Importance of a Private Limited Company There are tons and tons of benefits of being a private limited company. Here I am explaining the top benefits alone. To know the advantages in detail, you can read our other blog, where we had clearly and details explained about the benefits of a Private limited company. The primary benefit of a Company is that of Tax Benefits. You can minimize your tax liability if you are in a higher tax rate. your company can significantly reduce the tax. Furthermore, the Liabilities of the company is limited. The Stakeholders and investors have more confidence when compared to proprietorship Firms. Documents that are required to form a Private Limited Company Stage 1: Proof of documents that are needed for obtaining DIN Number and digital signature Address proof of director The following documents are acceptable address proof for Indian Nationals. Passport copy Voter Identity Card Ration Card Driving License Electricity Bill Aadhaar Card If the director is a foreign national, any of the following documents can be submitted as an address proof Passport copy issued by their government. The Passport must also be Notarized in the country it was issued. In case the document is in a foreign language, then it must be translated by an official translator to English and notarized. Address proof. That includes Driving license, PAN Card of the Directors: PAN stands for Permanent Account Number. A PAN number is a ten-digit number in alphabets and numerical, or in 'alphanumeric' terms, that is allocated by the income tax department to all the taxpayers, and is unique with each individual. Bank account statement of the directors: the latest bank statement for the last two months to be submitted as residential proof Latest passport size photo to be attached along with the application Stage 2: incorporation of the company Address proof for the Registered Office Rental Deed Lease Deed Proof of Ownership EB Receipt Property Tax Receipt http://leintelligensia.com/private-li...