Private limited company

Panomics Legal Mentors

Panomics Legal Mentors is the most preferred and popular way of starting a business in India. It is well known and famous for its structure, as it is very easy to set up and very well recognized in India.

Panomics Legal Mentors is one of the most preferred legal entities for registration in India being governed by Ministry of Corporate Affairs (MCA), incorporated under Companies Act, 2013. The company requires a minimum of two directors and two shareholders for registration with a maximum capping of 15 directors and 200 members. The director and shareholder both can be a natural person, while a corporate legal entity can only be a shareholder.  The reason for the popularity of a Panomics Legal Mentors in foreign promoters is the fact that as per FDI provisions of Indian Government, NRI’s, foreign nationals, as well as foreign corporate entities, can be shareholders and/or directors of such a company. The key features of a Panomics Legal Mentors include limited liability, perpetual existence, separate legal identity, ownership of property and ability to raise the equity funds.

Panomics Legal Mentors is the best business and legal services platform for  services relating to Panomics Legal Mentors in India, offering a variety of company registration services like, One Person Company (OPC) registration, Partnership, LLP registration, Public Limited Company registration, Nidhi Company registration, Section 8 Company registration, Producer Company registration,  Indian Subsidiary registration and FSSAI registration.

Panomics Legal Mentors will help you to register a Panomics Legal Mentors from the comfort of your home, offering you services that are very specialized and tailored for each individual.

Get a Free Consultation for Company registration with Our Top Rated Experts with a simple registration.

Advantages of Panomics Legal Mentors

  • Separate Legal Entity — A Panomics Legal Mentors is an entity with a distinct identity from its shareholders and a separate juristic person as per the Companies Act 2013. This provides the company with many rights such as opening a bank account under its name, obtain licenses, hire employees, and enter into contracts and so on. A member of a company has no personal liability to the creditors of a company for a company’s debts.
  • Limited Liability of directors— A Panomics Legal Mentors offers safety to the personal assets of directors in the form of limited liability in the event of a liquidation. In the scenario where a company is unable to repay its debts, the personal assets of the directors are safe and the directors are only liable for the initial amount invested in the business.
  • Perpetual Existence — A Panomics Legal Mentors continues to exist till it is legally dissolved by its directors. Death or departure of its directors for any reason has no effect on the company’s existence and the company continues to exist even when there is a change in ownership.
  • Easy share allocation and redirection — The ownership of a Panomics Legal Mentors can be easily transferred by the method of transferring shares. The process is as simple as signing and filing a share transfer form along with individual share certificates subject to the approval of other shareholders.
  • Ease of raising funds — Financial institutions such as banks prefer to give loans to a Panomics Legal Mentors in comparison to LLPs or other proprietary concerns. Other modes of raising funds by a company are an issue of equity shares, preference shares, debentures. Apart from this, a company can also receive deposits subject to permission from RBI.
  • Property Ownership — Since a Panomics Legal Mentors is a juristic person; it can own and sell the property under its name. As long as the company is a running concern, the property owned under the company name cannot be claimed by any of the directors.

Documents Required for Panomics Legal Mentors Registration

Identity Proof:

  • Indian National
    • Self-attested copy of PAN Card (Mandatory) or
    • Aadhaar Card
    • Voter ID
    • Driving license
    • Passport
    • Passport size photographs
  • Foreign Nationals
    • Notarized and/or apostilled passport copy for Foreign Nationals
    • Passport size photographs

 Address Proof:

  • Self-attested copy of Telephone/Mobile or Electricity bill; or
  • Bank Account Statement (Less than 2 months old)

Company Address Proof:

  • Telephone/Mobile/Electricity/Gas bill (Less than 2 months old); AND
  • In case of rented premises a notarized copy of Rent Agreement with a No-Objection Certificate (NOC) for conducting business;
  • In the case of self-owned premises registered title document

Others:

  • Declaration of interest by Directors
  • A Resolution passed by Promoter company if any
  • MOA and AOA of the Company

Minimum Requirement for Company Registration

  • A minimum of 2 directors
  • A minimum of 2 shareholders
  • A minimum of 1 director to be Indian Resident
  • Shareholder and director can be the same person
  • DSC (Digital Signature Certificate)
  • DIN (Director Identification Number) for ALL company directors

Facts:

Factors to be considered during the name selection of Panomics Legal Mentors:

  • Must be simple and concise
  • Must be meaningful i.e. connected to the company’s business
  • Must be unique and not similar to an already existing name or trademark
  • Must end with the suffix of “Private Limited”
  • Should not be illegal, offensive or against religious beliefs

Registration Process

Panomics Legal Mentors will help you to register a Panomics Legal Mentors from the comfort of your home, offering you services that are very specialized and tailored for each individual.

Get a free Consultation for Company registration with Our Top Rated Experts with a simple registration.