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How to incorporate a private limited company in India?
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Mar 20, 2023 · To incorporate a private limited company in India, the following requirements must be met regarding directors and shareholders: Minimum number of directors and shareholders: A private limited company in India must have a minimum of two directors and two shareholders.
- Obtain DSC (Digital Signature) Digital signatures are required to file the forms for company formation. The registration process is completely online and the forms require a digital signature.
- Apply for DIN (Director Identification Number) DIN is an identification number for a director. It has to be obtained by anyone who wants to be a director in a company.
- Name Approval.
- Form SPICe+ (INC-32) The MCA has introduced Form SPICe+ for the registration of new companies from 23 February 2020. The incorporation under Part-B of the SPICe+ form is also web based and streamlines the incorporation of companies.
Sep 23, 2022 · How do you incorporate a Private Limited Company in India? If the shareholders are legal entities, they must report their will for incorporating a new company in a Board Resolution. Some basic information of the newly incorporated company such as name of the company, Authorised Share Capital, Paid-up Capital, registered office, etc. has to be ...
- Incorporation of A Private Limited Company Or Limited Company
- Incorporation of A Limited Liability Partnership
- Through Proprietorship Firms Or Partnership Firms
- Registration of Branch Office, Liaison Office Or Project Office
- Management and Shareholding Structure
- Obtaining Digital Signature For Foreign National Directors
- Name Approval
- Filing For Incorporation of A Private Limited Company
- Subscribing to The Memorandum of Association
Incorporation of a private limited companyis the easiest and fastest type of India entry strategy for foreign nationals and foreign companies. Foreign direct investment of upto 100% into a private limited company or limited company is under the automatic route, wherein no Central Government permission is required. Hence, incorporation of a private ...
Incorporation of a Limited Liability Partnership (LLP)is also an India entry strategy for foreign nationals or foreign citizens as 100% FDI in LLP is now allowed. An LLP, however, cannot have shareholders and must be represented by Partners – thereby making it an ideal choice for investment vehicles and professional firms.
Proprietorship firms or Partnership firmsare the most basic types of business entities mostly used by very small businesses or unorganised players. Foreign investment into a proprietorship firm or partnership firm requires prior RBI approval. Hence, proprietorship firms or partnership firms are not suitable for a foreign company or foreign national...
Registration of Branch Office, Liaison Office or Project Officerequires RBI and/or Government approval. Therefore, the cost and time taken for registration of branch office, liaison office or project office for a foreign company is higher than the cost and time associated with incorporation of a private limited company. Further, foreign nationals c...
A private limited company must have a minimum of two Shareholders and two Directors. A shareholder can be a person or a corporate entity. However, a Director has to be a person. Foreign nationals are allowed to become Directors of an Indian Private Limited Company. The Board of Directors of the Indian Private Limited Company must have one Director ...
A digital signature is required for filing the incorporation documents and continued compliance documents for a company. Hence, Digital Signatures must be obtained for one or more Director(s) of the company. The following video is a guide to submitting Digital Signature application: The following are the documents and information required for obtai...
In parallel to the digital signature application process, name approval can be obtained for the proposed company. The name of the Indian Company must be unique and should end with the words “Private Limited”. Click here to know more about Naming an Indian Private Limited Company.
Once name approval is obtained, incorporation documents can be filed with the Ministry of Corporate Affairs to incorporate the Company. The incorporation documents to be filed includes affidavits & declarations from Directors, Memorandum of Association, Articles of AssociationSubscriber Sheet and Registered Office Address proof. The affidavit and d...
By subscribing to the MOA & AOA, the shareholders (either foreign companies or foreign nationals or Indian companies or Indian national) show their intention for becoming a shareholder in the company to be incorporated. In case a Foreign Company is a subscriber to the MOA & AOA of the proposed Indian Company: The following documents pertaining to t...
- Pre-requisite for Company Incorporation. Certain pre-requisites must be complied with by the company before filing the company incorporation form, which is as follows
- Process for Company Incorporation Under Companies Act, 2013. Below is the process of applying for company incorporation, i.e. SPICe+ form: Login to MCA. A promoter or proposed director of a company must first log in to the MCA website to apply the SPICe+ form.
- Documents to be Attached with SPICe+ Form. The documents required to be attached with the SPICe+ form are as follows: e-MOA and e-AOA. Declaration by the first directors and subscribers.
- Precautions For Filing Incorporation Application. The precautions to be taken while filing the SPICe+ form is as follows: Director and the professional should digitally sign the company incorporation form.
Jul 17, 2023 · To register a private limited company, a minimum of two shareholders and two directors are required. MCA has recently implemented major changes to the process and made it very simple to incorporate a company. In this article, we look at the private limited company registration process and documents required in detail.
Steps to Register a new Company. 1. How can I register an Indian Company? 2. How can Foreign companies establish a place of business in India? Acquire Digital Signature. Register a Digital Signature. All About e-Filing. Track SRN Status. Form No. DIR-3 [zip] (231 KB) Form No. INC-3 [zip] (173 KB) Form No. INC-22 [zip] (251 KB)
