People may understand the value of Private Limited Company Registrationin making their business secured. For expanding and getting the facilities which are needed in a business the registration is very important. There is some permission which has to be granted for getting license, funds, and others. If a company can raise funds and hire employees it can make asuccessful business.
Get advantage from Company Registration
There are many advantages if a company can register under the Company Act. The Ministry of Corporate Affairs will go through the files of annual return made by the board meeting. After that, they will issue the registration to the company. It is seen that company faces different problems when they have financial damages. The members have to face troubles from the creditors, banks, and other organizations. The registrationof companyhelps the members from any kind of distresses.
If there is any situation that the ownerships or the shares have to be transferred to another company, the members will not be affected. The company can own the property in its personal name. All the assets of the company including land, resource, license, and machines will be in the name of the company. When the company is in concern no one can demand his share of the assets.
Required documents for registration
Some documents are needed for getting the Pvt Ltd Company Registration. The shareholders and the directors need to submit their identity and proofs as documents. Sometimes special identity of the particular country is needed. If the shareholders are foreigners or NRIs they must provide their passports. Only valid documents should be given.
Companies should their legal office address proof and they have to submit it with the other documents in time. If there are any agreements of the business the company may submit. When you are going to consult any experts you may ask him if any other papers are to be submitted.