Private Limited Company
As per Section 2 (68) of the Companies Act 2013, a private company means a
company having a minimum paid-up capital of Rs.1 lakh's or such higher paid-up
capital as may be prescribed by its articles -
(i) Restricts the right to
transfer its shares.
(ii) Limits the number of its
members to 200 (excluding its employees).
(iii) Prohibits any invitation to the public to subscribe for any shares or
debentures of the company.
Benefits:-
- Limited
liability
- Continued existence
- Minimum number of shareholders
- Less legal formalities
- Minimum share capital
- Separate legal entity
- Easy availability of funds
Limitations:-
- Sharing of profit
- Many legal compliance
- Heavy penalties in case of
non-compliance
- Costly to manage
· Documents Required:
·
Documents required from proposed Directors and
shareholders (Indian nationals)
- Scanned file of self-attested PAN
Card
- Govt ID proof - Voters’
ID/Passport/Driver’s license
- Latest Bank statement
- Utility bills not older than two
months-Mobile bill/Gas Bill/Electricity bill
- Passport size photograph
- Specimen signature - Director’s
signature on a blank document
- Phone number and Email ID
·
Documents required from proposed Directors and shareholders
(NRIs)
- Scanned file of self-attested PAN
Card
- Govt ID proof - Voters’
ID/Passport/Driver’s license
- Latest Bank statement
- Utility bills not older than two
months-Mobile bill/Gas Bill/Electricity bill
- Passport size photograph
- Specimen signature - Director’s
signature on a blank document
- Phone number and Email ID
- As proof of registered office address, the
scanned copies of:
- Latest water bill or
electricity bill or notarized rent agreement
- In case of owned property- Sale deed or property deed: or
- In Case of Leased Property :-NOC From the Property Owner.
ANNUAL COMPLIANCES FOR PRIVATE
LIMITED COMPANY
>>As Per Ministry of
Corporate Affairs
|
Form |
Particulars |
Due Date |
|
Form MBP- 1 |
Notice of interest by director |
First Meeting of the Board of Director in each Financial Year |
|
Form DIR – 8 |
Intimation by Director of Disqualification |
Every Director of the Company in each Financial Year will file with
the Company disclosure of non-disqualification |
|
Form MGT-7 |
Annual Return |
Within 60 days from the date of AGM |
|
Form AOC-4 |
Financial Statement |
To be filed within 30 days from the conclusion of AGM…on or
before 30th October of the financial year |
|
Form DPT-3 |
Return of Deposit |
On or before 30th June every year |
|
Form DIR-3KYC |
KYC of Directors |
On or before 30th September every year |
|
Form MSME-1 |
Delay in Payment to MSME Vendor |
Company have to file this return half yearly in respect of pending payments to MSME vendors as at end of half year. April to Sep – 30th October October to March – 30th April |
|
Income Tax Returns |
|||
|
Form |
Particulars |
Due Date |
|
|
ITR 6 |
Companies registered and operating a business In India for profit must
File For ITR 6. Private
limited companies, limited companies, and one person companies
are required to file Form ITR 6. |
|
|
