List of Documents Required for Company Closure
Identity Proofs of Directors
PAN, Aadhar/Passport, Photograph
Address Proof for Company
Utility Bill of the Place of Business (Not older than 2 months)
Rent Agreement/NOC for allowing usage of the place
Address Proofs for Directors/ Shareholders
Bank Statement/Utility Bill of Residential Address
Private Limited Company Registration
Ideal for Companies looking for funding
Advantages of Private Limited Company
- A separate and distinct legal structure
Such entities provide distinction between ownership and function. It creates a separate legal structure both in terms of taxation and liability. Moreover it also allows for outside funding and employee stock options. The shareholders of the company can be changed without affecting the operation of the company. - Borrowing Capacity
The company can issue debentures and convertible debentures. It can also accept deposits from the public and enjoys different and good avenues for borrowing. Banking and financial institutions prefer this type of entity for larger lending over other entities - Limited Liability
The liability of the owners is limited to the extent of their share capital in the company. - Transferability of shares is fairly easy and simple
The process of buying and selling of shares is fairly simplified in comparison to that of other entities. It creates easy option for owner to exit from the company in future

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