The main purpose of MOA is to provide fundamental conditions on which the company is incorporated under the current companies act.

What is a Private Limited Company?

There are many benefits of registering your business as private limited however; here, we’ll focus on the most important ones you MUST know.

Private Limited Companies are one the most popular form of business in India since they require only a certificate of incorporation to start their business operations.

Tax Assessment (Slab Rate) for the year 2019 - 20 If the gross receipts in the previous year don't exceed INR 250 crore 25% of net profit All other cases 30% of net profit Surcharge: If income exceeds INR 1 crore 7% Surcharge: if income exceeds INR 10 crore 12% Health and Education Cess 4% on the aggregate of income tax and surcharge Dividend Distribution tax 15%(plus surcharge and cess) Private Limited Company Tax Benefits Although the tax bracket for private limited companies is very high the tax structure for companies is far better than sole proprietorship and other companies model.

  Address Proof Photo Identity Proof PAN Card Bills Identity Proof Municipal corporation office grants trade license based on the type of business activity you are involved in.

You can use DSC to file income tax and returns, sign forms on MCA or even in e-ticketing.

Before incorporating a new business, an authorisation from the local government or municipal authority of the zone or area is a necessity.

  Note: You need to submit any one of the following with one photograph as well.

It proves the identity of the person and is legally acceptable.