HOW TO FORM A COMPANY IN INDIA
Steps to be taken to get incorporated a private limited company:-
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· Apply for DIN (Director Identification Number) Documents Required: Identity and Address proof and one passport size photo of the proposed directors.[information required about directors are Name, Father's Name, Date of Birth, Nationality, Present Residential address, Permanent Residential address] · Apply for Digital Signature Documents Required: Identity and address proof of the any one proposed director · Apply for the availability of the name (Suggest 3-4 name for the new company) · Drafting of Memorandum and Article of association · Pay Stamp Duty on Memorandum and Articles of Association (Now you can pay stamp duty online electronically also) · File the documents for Company Registration (Form 1, Form 18, Form 32, Power of attorney) · Get the Registration Certificate through email and speed post. |
Additional Steps to be taken for formation of a Public Limited Company
Consent of Directors to act as such in Form No.29.
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· Arrange for payment of application and allotment money by Directors on shares taken or agreed to be taken. · File the statement in lieu of prospectus with ROC in schedule-iv of the Companies Act. · File a declaration in Form-20 duly signed by one of the Director. · Obtain the Certificate of Commencement of Business. |
Other Requirements of the private limited company:
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· There should be at least to directors of the company. · The two directors will be the subscriber of the memorandum and they subscribe the minimum capital. · Minimum capital for a private company is INR 1,00,000/- · Registration fee is depending upon the authorized capital of the company. It should be equal or more than the subscribed capital of the company. · Regarding non-resident interest in the company Foreign Exchange management Act is controlled all the issue. You can invest up to 100% depending upon the type of industry. |
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