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Why Choose Private Limited Company
Advantages
Businesses that register under the program are qualified to receive specific government perks. These are the following: 1. Differential interest rates, preferential credit (lending to the priority sector), etc. 2. Excise Deduction Plan 3. The Direct Tax Laws Exemption 4. Legal backing from statutes like the Interest on Delayed Payments Act and reservations 5. Creation of industrial parks with particular uses 6. Subsidies for capital investments, power tariffs, and other assistance 7. A reduction in the government fee for trademark registration
Disadvantages
Compared to other businesses, the registered ones have a cheaper interest rate. It is permissible for public sector banks to designate their ordinary banking branches serving SMEs as specialized branches if they allocate at least 60% of their advances to the SMEs. This is to give this industry as a whole better services.
Document Required
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Aadhar Card of Applicant
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Name of Enterprise/ Firm / Company
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Mobile Phone Number and Email Id of Applicant
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Address proof of Enterprise / Firm / Company
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Cancelled cheque of Enterprise /Firm / Company
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Number of Employees
Step 1 :
Procuring a Digital Signature Certificate (DSC)
Step 2 :
Get Director Identification Number (DIN)
Step 3 :
Naming Approval Process
Step 4 :
Filling up Incorporation Form SPICe+ (Simplified Proforma for Integrating Company Electronically Plus)
Step 5 :
Drafting and Filing MOA and AOA
Step 6 :
Get Certificate of Incorporation
Steps in Registering a Private Limited Company
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