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What are the Documents Required to Register for Private Limited Company?

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Private Ltd. is usually a little place of business or entity that's owned privately. Since these private companies are owned by a stipulated number of investors are known to be ‘Limited Companies’. While private companies could also be large or small, they're generally small businesses that are often owned by a closed group consisting of family, friends or angel investors. Some of the most important private limited companies include Facebook, Reliance, Infosys, TCS, Wipro and lots more. Let's talk about the documents required to form a Private limited company and is  Transfer pricing law also applies to them.  ·          PAN card : - The PAN Card isn't only issued to individuals. Companies and partnership firms can also avail of a PAN Card and it becomes mandatory for such entities to have a PAN number when they are filing their income tax returns. Even within the case of people, minors, students and Non-Resident Indians also can apply for PAN Card online.
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What are the Rules for Private Limited Company?

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A private limited company is a company which is a privately held small business entity. The liability of the owner is limited to their share, restricts shareholders from publicly trading shares and limits the number of shareholders to 50. The private limited company has to file  GSTR 3B, TDS,  file GSTR 6 and other forms whenever needed.  Rules of Private Limited Company ·          Members- As per the provision of the Companies Act, 2013, to start a private company a minimum the number of members is 2 and the maximum number of members can go up to 200. ·          Perpetual Succession - the Company exists in the eyes of the law even if any of its members face insolvency, bankruptcy or death. The life of the company keeps on existing and this leads to the perpetual succession of the company. ·          Limited Liability - Shareholder liability is limited that means if the company faces loss of the individual assets of the shareholders is not at risk. ·          I
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Why should you start a Private Limited Company?

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There are multiple factors an entrepreneur should consider before picking out the type of business one plans to register. The size and nature of the business, fundraising, scale, etc. should be considered before selecting the type of business entity. The private  limited company has to pay GST and TDS return and there are no exceptions to it. Here are some of the reasons why you must sign in your business as a private limited company.  Limited Liability One of the primary advantages of starting a private limited company is limited liability. Limited liability means limited exposure to financial risk by investors of a companionship. Limited liability means the shareholders' liability in the company is limited to the capital amount invested in the companionship. For example, if Sam invested Rs 100,000 to take up a private limited company. The financial obligation is his investment of Rs 100,000. In another language, he can potentially lose that cannot be beyond Rs 100
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