Q 1 What is Pvt Ltd Company?

It is a privately owned company whose capital is contributed by a small group of shareholders. It has a separate legal entity.

Q 2 How many shareholders can be there in a company?

Minimum 2 shareholders and a maximum of 200.

Q 3 Can Pvt Ltd Company share sell to the general public?

Shares of private ltd companies are non-transferable to the general public; they are privately held by its members.

Q 4 What is meant by Ltd.?

Each member’s liability towards the company is limited to the face value of shares held by them.

Q 5 How many directors can be there in Pvt. Ltd. Company?

A private limited company is expected to have at least 2 directors and one of them should be an Indian, a maximum of 15 directors is allowed.

Q 6 What if I want more than 2 Directors?

The additional expense has to be paid for each additional director.

Q 7 What are the regulatory requirements after company registration?

• Auditor Appointment has to be done within 30 days of incorporation.
• Certificate of Commencement of business has to be submitted within 180 days of Incorporation
• Statutory Audit of financial statements annually.
• Income tax filing of the company before 30 September of next financial year
• Company Annual Return IN MCA before 31 October of next Financial Year
• DIN KYC of Director before 30th September has to be done regularly
• TDS returns if payment made to specified expenses – Quarterly and Annually on due dates
• Annual General Meeting (AGM) should be held after the closure of the financial year
• Statutory meeting minutes’ books have to be maintained regularly.
• Amendments like Change in Director, shareholders, Address, name are done at the time of the event.
• Place a signboard showing name and GST number at your registered office

Q 8 How Long will it take for my company to get registered?

Generally, it takes in approx. 15 days after document submission. It may be delayed due to name rejections or mismatches in documents.

Q 9 What Are Company Name Application?

We have to apply for name approval from the government for the company. For which we have to submit details of the company and name request on Government website with 1000/- Challan

Q 10 What if the name is rejected?

We have to select another name and file another application with a new challan of INR 1000/-

Q 11 What can we do to reduce the chances of rejection of names?

• • Pre search for website name on –  http://www.mca.gov.in/mcafoportal/showCheckCompanyName.do
  • Pre search for any confect for a trademark on – http://www.ipindia.nic.in/index.htm
  • Apply for a unique name
  • Try avoiding the First word as a common word

Q 12 What do I have to do if I want to register my company with Vyaparbuddy?

1. 1. Select what services you want or consult with our team regarding your requirement.
   2. They will provide you with an estimation of time and money.
   3. Make payment regarding services.
   4. Provide documents as required.
   5. We may require any additional documents if there is any discrepancy in provided documents.
   6. A bank representative may visit your premise for a Current account opening.
   7. You don’t have to go anywhere during the whole process.
   8. Receive your company-related documents after the stipulated time.

Q 13 Can I change any of the details after my company is registered?

Yes, you can change almost anything in your company like Address, Director, shareholder, objects, Name or type (LLP or public company).