Hi All & Seniors,
I would like to get some insight on this concern that I came across. Is there any specific employee strength required for limited or Pvt Ltd registration? Also, what are the main criteria that need to be taken care of for Pvt Ltd registration?
However, if an organization does not fulfil the criteria, is there any illegal way to get it registered as a Pvt Ltd Company? If yes, what are the consequences?
In anticipation of responses....
Warm Regards,
Geeti
From India, Bangalore
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I would like to get some insight on this concern that I came across. Is there any specific employee strength required for limited or Pvt Ltd registration? Also, what are the main criteria that need to be taken care of for Pvt Ltd registration?
However, if an organization does not fulfil the criteria, is there any illegal way to get it registered as a Pvt Ltd Company? If yes, what are the consequences?
In anticipation of responses....
Warm Regards,
Geeti
From India, Bangalore
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Hi Seniors and other members,
Please shed some light on this issue. I need to know the legalities here, and I am sure this information would be helpful to many members seeking to go solo for their firms or consultancies. Response awaited....
Warm Regards,
Geeti
From India, Bangalore
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Please shed some light on this issue. I need to know the legalities here, and I am sure this information would be helpful to many members seeking to go solo for their firms or consultancies. Response awaited....
Warm Regards,
Geeti
From India, Bangalore
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Minimum number of members required to incorporate private limited co is 2 and in the case of public limited co it is 7 (it is not employee)
From India, Madras
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From India, Madras
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Hi Geeti,
Classification of companies into their different forms depends on the number of directors on their board, the authorized share capital, and the pattern of shareholding. The number of employees is immaterial; for example, a sole proprietor can have 100 employees, while a public or private limited company can have 5.
No, there is no way to obtain illegal registration for a company that does not fulfill the criteria. There are too many checks and controls at various points for an "illegal operator" to succeed with this. :D
Warm regards,
Devjit
From India, Gurgaon
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2Classification of companies into their different forms depends on the number of directors on their board, the authorized share capital, and the pattern of shareholding. The number of employees is immaterial; for example, a sole proprietor can have 100 employees, while a public or private limited company can have 5.
No, there is no way to obtain illegal registration for a company that does not fulfill the criteria. There are too many checks and controls at various points for an "illegal operator" to succeed with this. :D
Warm regards,
Devjit
From India, Gurgaon
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Hi Sil & Devjit,
Thanks for the reply. I guess detailed information would be available under the Company Law Act, right? Devjit, I got the message :) Thanks again, but please confirm whether I am correct that the details would be available under the Company Law Act?
Warm Regards, Geeti
From India, Bangalore
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Thanks for the reply. I guess detailed information would be available under the Company Law Act, right? Devjit, I got the message :) Thanks again, but please confirm whether I am correct that the details would be available under the Company Law Act?
Warm Regards, Geeti
From India, Bangalore
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Hi Geeti,
May the following help you more for Pvt. Ltd company registration procedures:
1. There should be at least two shareholders.
2. Minimum two directors.
3. Directors should have DIN (Director Identification Number).
4. Digital Signature.
5. Company Name Approval.
6. Memorandum of Association & Articles of Association Stamped.
7. Minimum Authorized Capital Rs 100,000/-.
I hope this information is useful to you. Let me know if you need any further assistance.
From India, Delhi
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May the following help you more for Pvt. Ltd company registration procedures:
1. There should be at least two shareholders.
2. Minimum two directors.
3. Directors should have DIN (Director Identification Number).
4. Digital Signature.
5. Company Name Approval.
6. Memorandum of Association & Articles of Association Stamped.
7. Minimum Authorized Capital Rs 100,000/-.
I hope this information is useful to you. Let me know if you need any further assistance.
From India, Delhi
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