PLC

What features PLC uniquely offers?

Unique features of a private limited company like limited liability protection to shareholders, ability to raise equity funds, separate legal entity status and perpetual existence make it the most recommended type of business entity for millions of small and medium-sized businesses that are family owned or professionally managed.



How many people are needed for registering PLC?

A minimum number of 2 and a maximum of 200 members are required for PLC registration. Each director should have DIN given by the MCA. At least one director must be an Indian resident which means he/she should have stayed in India for not less than 182 days in the previous calendar year.



How is confidentiality in Pvt Ltd Companies than Public Companies?

Confidential information such as executive compensation, legal settlements, and other essential information cannot be kept reserved in public companies. Such information is more secure in a private company.



Why Private Limited Company is preferred by startups?

PLC is preferred by startups because of the stability and growth offered by this structure. It assures separate legal existence from its members. So, it can involve contracts and legal proceedings in its own name. It also offers various funding options in the form of private equity, ESOP and more.



What benefits can a startup avail under Govt of India?

A private company is eligible to take benefit of registration under Startup India Scheme of Government of India. This scheme avails multiple benefits including tax exemptions for the recognised startups.



What are the compliances after company is Incorporated?

Tax Filing GST (monthly), TDS (quarterly), Income tax (annual) Audit Statutory Audit and Tax Audit (annual) Secretarial compliances Annually: 4 board meeting, general meeting of shareholders, AOC 4 and MGT 7 filing



Do I need to be physically present during this process?

No, company registration is completely online now. All documents are filed online and your physical presence would not needed.



Legex-general

How is Legex better other traditional firms?

Legex works on technology to make legal services simpler for people. Traditional firms focus on only law while we mix law with customer service, technology and our ecosystem.



How are your prices cheaper? Is the service even trustworthy?

We are minimising cost using technology. So, while we are giving services at lower costs, our profits are even higher. A win-win for all.



Who are the legal professionals?

Legex has its own pool of lawyers, CA, CS and Business Consultant who understand business and guide you for what’s the best. These professionals directly engage in each service we provide and also take care of things under review and revision.



What additional charges will I need to give?

You do not need to pay anything apart from the charges listed. However, in some cases, where the judicial/ authorities need repayment of fees for application (in case of rejection/ objection), you only need to pay the required amount.



What if I need a refund in any case?

We do provide complete refund, in cases where we fail to deliver the service or you raise a cancellation before starting the process. However, once the serice is delivered, we'll be unable to process the refund.



I have a different query than this, where should I ask?

You can write to our team at 'Contact Us' Page or mail us at contact@legex.in . We'll get back to you within next 24 hours.



I'm an enterprise looking for legal services. Can legex help?

Yes. For entreprises, we do offer personalised services, both on pay-per-service and retainers. Please do contact us for the same.



Do legex provide custom legal services?

Yes. We facilitate customised legal services. Please do contact us with your requirement. We'll get back to you within 24 hours.



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