Frequently Asked Questions

  •  Private Limited Company is the finest for NRI’s or Foreign Nationals?

Yes, due to the fact that it’s not needed any previous approval from the reserve bank of India. They can quickly set up through this legal entity.

 

  • What is the online process to help in the conversion process?

 Company Vakil helps you in the conversion process, you just have to provide the required details as mentioned above in the process on the website.

 

  • Do I require to present or visit any govt office to get done by my Pvt Ltd Company?

No, Its all done online with my online you have to just offer us the files as a scanned copy via e-mail or Whatsapp and Be Relex! your work is done.

 

  • Validity of the Private Limited Company Registration?

It’s lifetime credibility of the private limited company registration certificate. but there are some circumstance where private restricted company name can be ended from the ROC –

– if the company is not able to start a business within 1 year of the incorporation.

– if the company is not filings regular Annual Returns.

 

  • What is the Mandatory Compliance or Annual Compliance for Private Limited Company?

if we talk about the yearly upkeep or compliance then its consist of following things;

# 1 Appointment of the Auditor with the statutory audit of the accounts.

# 2 Filings of the AGM, Annual Return and financial statement

# 3 Filings of the Income Tax Return for the exact same.

 

  • What is limited liability Protection in the Private Limited Company?

Limited liability security is most likely to accountable only to minimal amount fo the financial obligation in a personal minimal company. mean your individual assets are separate from the company liabilities.

 

  • FDI or Local Investors are allowed the private minimal company?

Yes, Venture capitalist companies or angel investors are enabled to purchase the personal limited company.

 

  • if I am working in any personal company as Job so can I register as a director?

Yes, you can become director of the company if you are not bounded with any employment agreement for the same. for the more information, we should examine your work arrangement.

 

  • Can I convert my personal limited company into the other entity like LLP or OPC and so on

 Yes, Private limited company conversion is possible into the LLP or OPC etc however you can’t convert into the fundamental form like Proprietorship or Partnership.

 

  • Why should one use ‘Company Vakil’ Private Limited Company registration process?

 

It is India`s one-stop tech legal registration platform aimed at making legal registrations efficient and affordable to end-user, i.e. individuals, entrepreneurs or business owners. Company Vakil with the help of technology and experts such as lawyers, Chartered accountants, company secretary makes Private Limited Company registration error-free and seamless. 

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