New company

In which sector you want to start your business & in which state?

Hi,

This would be a content offering company with services in the content domain. I want to start in Maharashtra.

Regards

For a private limited company these conditions must be followed:

• Minimum Authorized and Paid up Capital of 1 Lac
• Minimum Numbers of Directors Two
• Minimum number of shareholders are two
• Maximum 50 excluding current and past employees of company
• Use the word Private Limited in its name
• Prohibited to take public deposits unless allowed under the relevant law
• Must keep one board meeting in each quarter
• Must keep one Annual general meeting of shareholder within six months of year ending
• Must carry out audit of accounts of the company
• Must file balance sheet and annual return on yearly basis

Some of the steps to form the Company comprises of the following:

• Obtaining Directors Identification Number
• Obtaining Digital Signature of Director
• Applying for the names of the Company
• Drafting of MOA, AOA and other documents required for formation
• Payment of the required government fees
• Obtaining Original Certificate of Incorporation

Public Limited Company

A foreign company must fulfill the following conditions to form a public limited company in India.

• Minimum Authorized and Paid up Capital of 5 Lac
• Minimum Numbers of Directors Three
• Minimum number of shareholders are Seven
• Use the word Limited in its name
• Prohibited to take public deposits unless allowed under the relevant law
• Must keep one board meeting in each quarter
• Must keep one Annual general meeting of shareholder within six months of year ending
• Must carry out audit of accounts of the company
• Must file balance sheet and annual return on yearly basis

Essential steps for the formation of the company include the following:

• Obtaining Directors Identification Number
• Obtaining Digital Signature of Director
• Applying for the names of the Company
• Drafting of MOA, AOA and other documents required for formation
• Payment of the required government fees
• Obtaining Original Certificate of Incorporation
• Preparation and filling of prospectus or statement in lieu of prospectus along with required forms
• Obtaining certificate of commencement of business

Hi,

Will it be relevant for me to opt for a shop act license before I could start a private limited company?