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1. Identify the Licenses Requiring Renewal Common licenses for a Private Limited Company include: Company Registration: Certificate of Incorporation (does not require renewal). GST Registration: Periodic filings are mandatory to keep it active. Shops and Establishment...
1. Limited Liability Protection of Personal Assets: Shareholders' liability is limited to the value of their shares. Personal assets remain safe from business debts and liabilities. Risk Mitigation: Only the assets of the company are at stake in case of financial...
1. Legal Recognition Registration under the Companies Act makes the business a separate legal entity, distinct from its owners (in the case of a company or LLP). It enables the business to enter into contracts, own assets, sue, or be sued in its name. 2. Limited...
1. Decide the Key Elements of the Company Company Name: Choose a unique name that adheres to the Companies (Incorporation) Rules, 2014. The name must end with "Private Limited". Registered Office Address: Decide the location where the company will be registered....