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Any business in Morbi which has profits or gross receipts or turnover exceeding one crore can make it eligible for tax audit in Morbi. As a specialist possessing receipts exceeding 50 lakh would make eligible for tax audit.

Compliance Requirements: Private limited firms are obligated to adhere to numerous legal and regulatory obligations, together with preserving good financial information, conducting yearly normal conferences, and filing once-a-year returns with the ROC.

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A company name proposed to be registered cannot be identical or just like an existing company title. Also, each company name must incorporate a phrase that denotes the action carried out.

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Limited Liability Security: Shareholders of a private limited company are liable only to your extent of their shareholding. Their belongings continue to be safeguarded, even in cases of economic setbacks incurred via the company.

Some states enable you to register online, and many states cause you to file paper documents in particular person or in the mail.

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