Income Tax
We will provide income tax return preparation, Revised return, Responding to Department notices and solving other Income Tax related issues.
Private limited Company Registration
The default choice for new businesses and developing organizations as only private limited companies can raise funding.
Timeline - 10 to 15 Working days
PRIVATE LIMITED COMPANY
Private limited company is a perfect start for anyone who wants to start their business to give it a separate legal identity. Private limited company can be formed with ease and its procedural compliance are also easy when compared to that of a public company.
why private limited company?
A private limited company, or LTD, is a type of privately held small business entity. This type of business entity limits owner liability to their shares, limits the number of shareholders to 50, and restricts shareholders from publicly trading shares.
Features of Private Limited Company
Members
To start a company, a minimum number of 2 members are required and a maximum number of 200 members as per the provisions of the companies act 2013.
Learn MoreProspectus
The private companies need not issue prospectus or file statement in lieu of prospectus with the Registrar of Companies.
Learn MoreDeposits cannot be accepted
Company cannot appeal for money from the public .There are also some restrictions on the sale or transfer of its shares by the shareholders.
Learn MoreFund Raising Capacity
It is the only form of business other than public limited company to raise fund from the Venture Capitalist or Angel investors. It cannot go to public like other big companies.
Learn MoreLimited Liability
This is perhaps the most important feature of Private Limited Company. Imagine a scenario, where someone filed a claim against you more than your business assets.
Learn MoreNumber of Directors
As per the Act of 2013, a Private Limited Company needs to have at least 2 directors. Although they are not required to appoint any independent directors.
Learn MoreProtection against liabilities
if the company became insolvent the investment in the company would be lost but the shareholders would not be pursued for any shortfall to pay creditors unless they were proved to have acted
recklessly.
Minimum subscription
Company receives the amount which is 90% of the shares issued within a certain period of time. In case the company if the company is not able to receive 90% of the amount then they cannot commence further business.
Learn MorePRIVATE LIMITED COMPANY
ADVANTAGES
Min 2 Shareholders
A private limited company can be started off with just two members who will be the shareholders and directors.
Borrowing Capacity
Companies enjoy better avenues for borrowing of funds when compared to other forms of business such as sole proprietorship and partnership.
Business Continuity
A company enjoys perpetual existence unlike other forms of business i.e.,the company continues to exist irrespective of the status of the owner.
Minimum Capital requied
Minimum capital required to incorporate a private limited company is one lakh.
Separate Legal entity
A company enjoys separate legal identity unlike partnership firms.
Limited Liability
Personal assets of the shareholders will not be at risk, in the event of the company facing financial distress. Liability of the shareholder is limited to the unpaid amount on his shareholdi
Private Limited Company
We Serve Everywhere
Thewealthbridge.in is web portal of the Virutchamwealth Bridge Private Limited is one stop business setup and consulting company, managed by specialized team of Business Analysts,Company Secretaries, Chartered Accountants, Corporate Lawyers and Financial Professionals company headquartered in Vellore,Tamilnadu, India. Having known for our quality of services, delivering the projects on time, we have clients spread across the globe
Business Licenses
Our Professionals Will help you in getting your business licenses and Business licenses necessary for smooth running of businesses
Financial Services
we will Provide Funds for both personal and Business. Our funding system gives a credit line facility, enabling you to expand your business to new heights
GST Returns
We will make your business to GST Compliance. Returns are required to be filed digitally online through a common portal to be provided by GSTN
What are the Documents required for Formation of Pvt. Ltd. Company Registration Online?
PAN card and Residence Proof of directors of the company
Copy of Rental Agreement / EB Card Copy of Registerd Office
Copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
passport-size photograph
Specimen signature (blank document with signature [directors only])
copy of Passport (In case of Foreign Director)
What Includes in this package?
Verification of Documents
Professional Fee Incorporation
Applying DSC,DIN,ROC & TAN.
Following until LLP Registration Certificate is alloted
Process
What is the process for Private Limited Company Registration Online?
Applying DIN&DSC
This is where we sit down, grab a cup of coffee and dial in the details.
Name Approval
Now that we've aligned the details, it's time to get things organized.
MOA,AOA&AFFIDAVIT
We begin to visualize your sketches and make them into beautiful pixels.
Company Registered
Your brand is all dressed up and ready to party, it's time to release.
PRIVATE LIMITED COMPANY
FAQ
Any person above 18 years can become a director. Non-residents can also become director of Indian companies.
ID proof and residence proof of all the proposed directors, PAN card is mandatory for Indian nationals. No objection certificate from the owner of registered office or lease agreement must be produced.
Digital signature is process to authenticate and validate records electronically. DSC is required for every director of the company as the Ministry of Corporate Affairs (MCA) mandates digital signature of directors on some documents.
Authorized capital of a Company is the amount of shares a company can issue to its shareholders. Companies have to pay authorized capital fee to the government so as to be able to issue shares. Companies have to pay authorized capital fee for a minimum of Rs.1 lakh.
Yes, a foreign national can become director of a private limited company. Atleast one director in a company should be resident Indian
Yes, Companies Act 2013 provides rules for converting a private limited company into a public limited company.
Yes, a foreign national can become director of a private limited company. Atleast one director in a company should be resident Indian.
Yes, a partnership firm can be converted into private limited company by following the procedure laid down in Companies Act 2013.
A private limited company must have a minimum of 2 directors while the maximum no. of directors can be upto 15.
Company’s proposed name should be unique i.e., it should not be identical to any existing name. Names that infringe others’ rights, trademarks or patents are likely to be rejected by ROC
DIN is a unique identification number which is allotted to all the directors existing or proposed. DIN can be obtained by filing e-form DIN1 in MCA portal.
Every private limited company must hold a board meeting atleast once in every three months and an Annual general meeting (AGM) every year.
About Wealth Bridge
We Help You To Form Your Company In A Simple Way Wealth Bridge Will Making More Possibilities which aims at providing much-needed funds to businesses across the trading and service industry
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Head Office
2nd Floor, #23, 8th East Main Road
Gandhinagar, Katpadi, Vellore
(+91) 416 2241199
(+91) 86677 53901
Branches
ARAKKONAM OFFICE
# 10/1, Thiruthani High Road ,
Upstairs to Central Bank ,Jothi Nagar,
Arakkonam , TamilNadu - 631003
Phone:+91 6381184522 , +91 8012747723.
RANIPET OFFICE
No 126, MBT Road, Mahaveer Complex,
First Floor, Muthukadai,
(NearDarling bakery) Ranipet - 632401
Phone : +91 417 2295006 +91 86675 42148