You may select limited and unlimited liability business structure with foreign direct investment (FDI) under automatic approval route. We at PKM provides advisory on selection of appropriate Business entity structure considering business need. Broadly Limited Liability Company (LLC) and Limited Liability Partnership (LLP) are well accepted business structures. Our range of services includes:
The basic requirements for setting up Private Limited Liability Company and Limited Liability Partnership are as follow:
Limited Liability Company can be set up by 2 shareholders and 2 Directors .Foreign national or NRI can be director in a company. However as per companies act there must be one Indian resident director.
Before Incorporation of a organization, the proposed administrators of the organization are required to obtain Directors Identification Number (“DIN”) from the Ministry of Company Affairs by making an online DIN application in Form DIN 1. The said form is to be furnished with the scanned copies of the photograph of the applicant, identity proof, a valid residential proof and a verification/ declaration in the specified format to be given by the applicant (Person who is applying for the DIN). After online submission of the Form DIN 1 and online payment of the fee, a permanent DIN to the director will be allotted immediately. The list of documents required to make a DIN application for each of the proposed director(s) are as follows :
Any among the proposed administrators is required to obtain digital signature certificate (“DSC”) in India for the goal of online processing of e-Forms with the concerned Registrar of Companies (“ROC”). To obtain DSC an application is needed to be made under the signature of the manager who intends to obtain DSC along with the duplicate of his identification proof and a copy of his residence proof. The list of documents needed to make a DSC application for each of the planned director(s) are as follows:
Identity proof – For identity proof, a passport copy or copy of permanent account number (PAN card) is required to be provided. However in case there is a international national, only passport is accepted as identification proof and in case of an Indian national, copy of PAN card is mandatory.
Residence proof – For residence proof, a copy of voter’s identity card or valid driving license or latest bank statement duly certified by the respective bank or utility bill (not later than two months) is required to be provided.
One passport size color photograph – Please note that the photo must certanly be pasted on the application form and cross signed by the manager (applicant).
DSC software form properly signed by the manager (applicant) – The identity and residence proof of the applicant as mentioned above should be attested by a notary public/attorney /consulate in the country of residence of the applicant.
The Application for Name Approval should be made . It is suggested to provide Five names which are alternate to each other to overcome any rejection of name due to trademark law of this country . The name of a private organization must end with what “Private Limited”.
If the proposed company is a subsidiary of body corporate incorporated outside India, Form INC-1 is required to be electronically filed along with the below mentioned attachments at the website of Ministry of Company Affairs, India:
Once the Name is approved by ROC subsequent are further procedures to be performed :
The MOA & AOA must certainly be signed by Subscribers(Section7(1)(a)), who shall add their photograph, name, address, occupation in presence of at least 1 witness: One person who’ll act as witness and will sign in the witness column by mentioning :
“I hereby observed that customers signed in my own existence on Date____________, at ___________, further I have accepted their identification details (Through ID)for their identification satisfy myself of their recognition specific as filled in ”
Below this witness must mention:
Date & Place should be mentioned at the end of Customer sheet.
The word customers here used is due to the purpose that these subscribers will customers for the shares in the company at time of incorporation and will invest the minimum capital i.e. Rs. 1,00,000. They will contribute the total amount by way of cheque or remittance when the organization gets integrated and shares will be allotted to them followed closely by the share certification. Instantly on allotment of shares under international Direct investment scheme, needed compliance with Reserve Bank of India has to be achieved.
The procedures for business establishment vary from one entity to another entity. A number of legal compliances must be followed to reduce potential risks and ensure success. For the establishment of new business, one needs to keep in mind certain factors. Based on recent reforms on business registration, a company can be established as a One person Company as sole proprietorship and limited liability company as partnership company.
At PKM Advisory services LLP, we provide reliable service provider as company establishment consultants in India for up-to-date information on company registration, eligibility criteria, documents required, company registration fee, and company registration process. We also connect you with seasoned experts who can guide you properly and assist you in procuring company registration anywhere in India in a hassle-free way. Save on time, effort, and money with the right knowledge and the right consultants.
Our company registration service as company establishment consultants in India is highly regarded for its timeliness and consistency. We have gained a reputation over the years for being a reliable and trustworthy company registration service provider. Our skilled professionals have a deep understanding of the rules and regulations surrounding company registration, and are able to provide our clients with a hassle-free service. In order to register a company, a unique name is required – this is known as the company name. This name is the identity of the company, and our registration service includes securing this name on behalf of our clients.
To deal with regulatory requirements and intricate details of company establishment, expert advice from PKM Advisory Services LLP can help you to follow statutory requirements and meet deadlines efficiently as the best company establishment consultants in India. We have a team of experienced advisors to deliver comprehensive company formation and registration services. The following services can be obtained from our advisors.
Your much important time and energy can be utilised efficiently and save money too. Your administrative inconvenience can be pass over to our expert team. Looking for assistance? Let’s connect soon.
