Advantages of Private Limited Company Registration (தமிழில்)
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- เผยแพร่เมื่อ 7 ส.ค. 2020
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Advantages of a Private Limited Company
A. What is a Private Limited Company
A Private Limited Company is a type of business entity that is held by a small group of people. The liability of the members of a Private Limited Company is limited to the number of shares respectively held b941y them. Private limited company registration is governed by the Companies Act, 2013. To register a Private Limited Company, you need to have a minimum of 2 shareholders, One lakh share capital and an office space
Some of my clients often use to ask a question to me, why I should I opt for a Private Limited, what are the advantages of Private Limited Company?
B. The benefit of a Private Limited Company
1. Separate Legal Entity
Separate Legal entity means, an organization with distinct existence. In other words, a private Limited company is considered as a Separate person away from the shareholders and Directors. Directors are just the agents of the Company. So the shareholders and directors are not liable for the creditors of the company for any debts.
2. Limited Liability
One of the principal advantages of doing business under the Private Limited form of organization is that the privilege of limited liability. In simple words, if the company undergoes financial distress because of whatsoever reasons, the personal assets of members will not be used to pay the debts of the Company as the liability of the person is limited.
3. Continues existence / perpetual succession
Another advantage of a private limited company is that its continued existence, even after the owner dies or leaves the business. Which is legally called Perpetual Succession which means uninterrupted existence until it is legally dissolved?
4. Fundraising
Private limited companies can borrow funds from the debentures as well as the shareholders. Even banking and financial institutions prefer to render large financial assistance to a company rather than partnership firms or proprietary concerns.
5. Easy transferability of ownership:
The Ownership of the Private Limited Company can be easily be transferred by transferring shares of the shareholders. With the consent of all other shareholders the shares can be transferred by way of share transfer certificate.
6. Foreign direct investment is allowed
100% Foreign Direct Investment is allowed in various sectors through Private Limited Company without any Government approval. But whereas FDI is not allowed in Proprietorship or Partnership, LLP. Even foreign nationals, foreign corporate entities or NRIs are allowed to be Directors or Shareholders in a Private Limited Company.
7. Great credibility
The name Private Limited Company creates great credibility among its customers and vendors.
8. Acquire property
As the Private Limited company is a separate and juristic entity, it can acquire property in its own name. and it can also sell and lease out the said property in the name of the company itself. The shareholder cannot make a claim upon the property of the Private Limited Company when the company is a going concern.
9. Capacity to sue in the name of the company
If in the case of Proprietorship or unregistered partnership, it cannot initiate any legal action in its own name against any third-party defaulter. But whereas a Private Limited Company can imitate a Legal Proceeding in the name of the Company itself.
10. Attract investors
A Private Limited Company in India is the only form of business except for Public Limited Companies that can raise funds from the Venture Capitalists or Angel investors. - แนวปฏิบัติและการใช้ชีวิต
Very clear and precise explanation... That too explained beautifully in Thamizh! Thank you Advocate Arivazhagan
Very Good message to tamil speaking youngsters..!
Finally i understood well about private company. Thanks a lot sir.
Thanks for your valuable information
Very clear explanation
Thanx for ur info.
Nice explaination sir
Thanks sir
Thank you
Informative ❤️
Sir vanakam na puropates g s t ingam 18
Na peravetlimeted pvt ltd tax eyavalau irs
eaypadipannuvadu
Great Bro
Nice ji
At the time of new paid up share issue , resolution form existing shareholders or board of directors
Vera level bro. Keep on continue!
Thanks a lot brother
Hi sir.oru Indian private limited company works ku proper ah enna seiyavendum nu sollunga sir
hi sir, how to save tax in pvt ltd company for service based company?
Good explanation. Unga teachings ketta Law exams nalla ezudalam..Subjects wise sonna romba nalladu. Solomon and co la one person I believe. But registered under companies act by Limited liability.
Thanks for your support bro
Can I get PMEGP subsidiary if i go with pvt lmt?
Thank you Sir
Thanks for watching sir... Keep supporting...
I registered as partnership firm in gst, can I change it as private limited..???
Sir, I have doubts before watching the video I'm cleared about LLP. Actually, what is the difference between LLP and Pvt
Sir I am running a interior business my form is agencies can change to Pvt company
Sir investment illama pvt ltd company start panla ma
Thanks
Thanks a lot for your time Brother...
Maintanence is high only.
How much cost for start up pvt ltd
New company Foreign investment vaanga mudiyuma ?....
Can llp acquire asset in its name?
Sir....can you please update the video of private limited company rules and regulay
Yes sure bro, will try to make it by this week
Worth
Thanks bro...
If you possible can you make the video for the public Ltd
Sure sire, we shall make a video for Public Limited Company Registration
Sir pvt ltd ku gst number eappadi aadukanunanam ma?
PAN number
ROC certificate
Proof of directors
Proof for Place of business
Sir naan Manufacturing business start panna poraen...
Naan Endha license edukkanum?
It depends on what products you choose, for example, pollution control, food license, factory license.. so each and every license depends on the product you manufacture
I need professional service to convert my opc into pvt ltd.
Private ltd company ku tax benifit iruka
Sir I have doubt , i am in the plan to import aquarium accessories and Live fish , I want to make something highly legal
Would like to register my company in which category i could
And sir i would like to make a mother company and register 1-2 daughter firms under it whats the procedure
By way of creating a Private Limited Company as Group of Company, you can form plenty of subsidiary companies
I HAVE A DOUBT TO CONTINUE WITH PRIVATE LIMITED. KINDLY ADVICE
Will the directors be paying tax twice incase of Pvt Ltd company?
Not exactly bro...
We will explain about this in the next video in detail
I want some hints about LLC
Sure sir, please call 9941993399
E commerce paththi ...ennum details la elaborate da video potunga sir...pls
What is the difference between Pvt & public Ltd
The primary difference is distribution of shares in public
Can i call you sir
I registered as partnership firm in GST, can I change it as private limited..???
Not possible. You can register new gst in the name of private limited company and tranfer the old credits.
Bro he is completely misguiding or he is not aware of what he is doing.
If it is a startup never go with a private limited registration. You will be having lots of paper works, TDS, DIN, TIN moreover monthly and annual compliance are difficult. You have to very accurate. And once you open a Private limited you will need to pay a lot to your auditor,(fees are really high). And late filing fines are high. If you have funds for that, please go ahead else please don't do that. I did the same mistake. It's a headache to be a director of a private limited company without an in-house accountant. Do your startup has an in-house accountant? And closing a private limited company is again a difficult job. I mean really difficult. It will cost you around ₹50,000
Nobody will tell you these things. Please do not take a difficult path. Sole proprietorship or partnership firm is more than enough if your annual income will be less than 1 crore or 2 crores . If you are choosing Private Limited just because you want investment or funding in future, you can always change Sole proprietorship to a Private limited company.
If are doing business in crores every month go with Private limited else choose sole proprietorship or partnership firm.
So please do think and research about it again before choosing Private Limited Registration. Don't go for a private limited just to showoff that you are director. Nobody will see your visiting card and say " Oh Great!! You are a director of a Private Limited Company, please walk in red carpet and set in that golden chair "
This is unreal. He is not telling you the reality.
@@saravanangrs3891 very much thankfull to. I am in the edge to start a pvt Ltd company. Thank u
@@saravanangrs3891 thanks a lot brother
I’m looking for registration of pvt ltd of my current business for long time can you please help me is there any possibilities to contact u directly for further information
Share market pana Pvt Ltd starrt panalama
How much cost for start up pvt ltd