A Private Limited Company is the most common business structure adopted by entrepreneurs these days. This is one of the foremost desired business formations with higher growth prospects. A Private Limited Company is a closely held company with restriction to issue shares to the public. With less capital infusion compared to the public limited company, a minimum of 2 shareholders and directors are required for setting up this business. The shareholders can be natural as well as the artificial persons including the foreign nationals. However, the Director must be an individual in case of a private limited company.
If you want to start a company in India, then, make sure your company is registered as per relevant sections of Companies Act, 2013 along with the rules made there under. Setting up a business in India might seem like a hassle to someone who’s unaware about the country’s rules and regulations. But that’s where we come in to help you.
At KYRA, our aim is to provide financial expertise to help set up your business and provide profound advisory for its growth. Our team ensures that you’re prepared well in advance before setting up a business in India and brief about procedures of Incorporation of Company including subsidiary of foreign body corporate and can navigate you swiftly through the required compliances.
It is a separate legal entity from that of its owners (shareholders).
The freedom to easily add or remove members in the company comes with the perpetual succession. There won’t be any harm to the company’s existence.
Registration of a private limited company requires a minimum of just 2 members.
Banks easily sanction loans to private limited companies.
If the company experience financial distress because of normal business activity, the personal assets of shareholders will not be at risk of being seized by creditors.