Private limited company registration in Coimbatore is important since it acts as a separate legal entity. The private limited companies are of three different types. They are Limited by shares, Limited by guarantee and unlimited liability. The new Companies Act 2013 introduced such types of companies. Minimum two members are required as Directors of the company.
Also there is no need to appoint the independent directors. They don’t have to keep the index of the members. The higher amount as capital can be prescribed from time to time. In this form of company there is no risk of assets of the shareholder and no need to pay anymore.
A private limited company is examined as a separate legal entity. This private limited company has own identity and acknowledged as a separate company under law.
The private limited company has the greatest benefit of its limited liability. The liabilities are limited to their shares only. This company feature protects the income of shareholders and personal assets at times of any financial critical points faced by the company.
The private limited companies can pay tax on taxable profits and they are exceptedfrom high personal income tax rates.
Only two shareholders and two members are need to incorporate a private limited company. This gives many Entrepreneurs as a chance to set up their new own company.
A person can act as a shareholder, a director and an employee at the same time, when private limited company is taken into examinations. They are considered as valid too. Solubilis Corporate Services LLP is the Leading Professional firm assist you in registering Company. We register a private limited company registration within 12 working days.
transferring of shares is not as easy when compared with public companies.
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