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To register a company in India, you must first determine your eligibility and obtain the necessary paperwork, after which you must learn the step-by-step procedure for forming a private limited company in India. In India, the most common type of business for startups is a company. The principle of limited liability to its stockholders is the most essential benefit. Banks, financial institutions, and angel investors typically invest in company-based businesses. As a result, we strongly urge that you register your new firm as a corporation. Foreign Direct Investment is also permitted under the Automatic Route, with no need for prior approval.
The proposed company name should not be confusingly similar to an existing corporation or limited liability partnership (LLP). You should also check the trademark registration to make sure the name doesn’t conflict with any existing or pending trademarks in India.
To register a business in India, you’ll need at least two people to act as the firm’s directors/shareholders. The firm can have up to 15 directors and a maximum of 200 shareholders.
One of the company’s directors must be based in India. Regardless of citizenship, a person is considered a resident if he or she spends at least 182 days in India during the previous fiscal year. The duration of the stay can be divided into phases
Only one person can form an OPC in India, and that person will operate as the company’s directors/shareholders. An OPC’s maximum number of directors is 15, and its maximum number of shareholders is one.
Because the Company Incorporation application is submitted online, the process begins with the issue of class two digital signatures.
The company name must be original and not be identical to or similar to the name of another company, LLP, or trademark.
The PAN and TAN are assigned by the IT Department and appear on the certificate of incorporation. The next step is to open a bank account.
The Permanent Account Number, or TAN, is assigned by the Internal Revenue Service and appears on the certificate of incorporation. The company’s bank account will be opened next.
For incorporation of a company under the companies act 2013, anyone from the below list of the document is accepted as Identity Proof.
For the incorporation of a company in India, you can present any document from the list below as evidence of address. The director’s or shareholder’s address proof paper should be no more than two months old.
For company incorporation following are the forms on which promoters need to sign, All the forms need to be printed on plain A-4 size paper. The sign with a blue ink pen.
Every company must have a registered address. The following is a list of documents that can be used as verification of the location of the company’s registered office. The proof of the premises should be no more than two months old.
Yes, for a corporation with foreign shareholding, the entire process and documentation are different. Foreign Direct Investment (FDI) cases are handled by a separate team. For additional information on FDI or how a foreign corporation can open an office or company in India, go to the relevant page.
Limited liability means that the company’s owners or shareholders are not personally liable for the company’s debts. They are only liable for the unpaid shares of the company’s capital. To be eligible, the shareholder must follow all rules and pay all taxes on time.
Apart from the concept of Limited Liability as explained above a company have the following significant features
Apart from the above-mentioned characteristic of limited liability, a business has the following important characteristics.
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