Register Private Limited Company
Any two or more persons can form a Private Limited Company
under the Companies Act, 2017. It is the most commonly used form of doing
business.
Key feature
·
The financial liabilities
of shareholders are limited to the extent of their shares.
·
Fix rate of tax is payable
on profit irrespective of size of profit.
·
Easy to transfer ownership
from one person to another.
·
Customers, vendors, etc
generally rate companies higher than other types of businesses.
·
The director can draw a salary
from his own business which reduces net income and accordingly tax liability of
the Company.
·
Comparatively more legal compliances
as compared to Partnership and Proprietorship.
List of information
requirements
·
A suitable Company Name.
·
Principle Line of Business
of the Company.
·
Copy of
CNIC/NICOP/Passport/POC of each director
·
Cell number of each
director registered on their CNIC
·
Email of each director
·
Cell and email for the
Company
·
Details of Authorized
Capital and Paid-Up Capital