A Private limited company enjoys the benefit of limited liability and legal protection to its shareholders. It means the shareholders are not required to pay outside liabilities more than the limit of paid-up capital they have contributed to the company in case the company goes bankrupt.
If you are looking to build a scalable business then private limited is the most suitable because it allows funding from investors very easily, your company name is visible on the Ministry of Corporate Affairs database that gives your stakeholders trust in your company existence and enables you to offer employee stock options (ESOPs) to your employees so that you can attract and retain your talented staff.
Govt. of India gives startup recognition to private limited companies those entrepreneurs coming up with an innovative and technology-driven idea so that they can claim 100% exemption on income tax for 3 years out of 7 years and other benefits like reduction of fee in filing patents and fast track exit.
What is included in the package?
· Incorporation certificate
· Company PAN
· Company TAN
· Company PF and ESI
· MOA and AOA
· DSC of 2 Directors
· DIN of 2 Directors
· GST Registration
· Name reservation under RUN (Reserve Unique name)
· Assistance in bank Current A/c opening in ICICI and Kotak
· Commencement of business certificate (INC 20A)
· Dedicated CA for company
· Advise on shareholding pattern
· Advise on funding opportunities
Steps we follow:
1. Name Reservation : Infinity Tax Filing will reserve your company name once you decide to start a company so that other people will not get this name. Thus your company name will be secured till you incorporate the company.
2. Drafting Objects : Every company shall have genuine objects to carry on the business. Expert CAs at Infinity Tax Filing will help you in the drafting of objects covering wide areas.
3. Obtaining DSC : Digital Signature Certificate is mandatory for proposed directors which will be obtained within 1 day. At Infinity Tax Filing, we have a licensed DSC partner with certified authorities approved by Government.
4. Documents Preparation : Infinity tax filing has a team of experts to prepare the documentation work within 1 to 2 working days.
5. Incorporation Certificate : We will submit all the filing documents to the MCA after due verification by another checker team and MCA will approve the application in 3 to 5 days subject to ROC time processing.