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Private Limited Company (For Resident Indian)
All you need to know about establishing
a Private Limited Company
Taking the road less taken can turn out
to be one of the most fulfilling experiences of a lifetime. There is hardly any
joy in doing the things everyone can do. But there is a joy mighty sweet when
you succeed on a road less taken and become an inspiration for generations to
come.
Starting a business can turn out to be
one of the most interesting experiences of your life. One of the important
decisions made by an entrepreneur or a start-up while starting this journey is
the selection of his business entity. The choice of the business entity has
long term implications throughout the life-cycle of the business. Hence, it is
recommended to discuss your business plan with a professional, and choose an
entity that will support the vision of the business.
Cut to the chase; we highly recommend
you opt for setting up a Private Limited Company. Read on
and you’ll understand why.
A Private Limited Company is the most
popular as well as the most preferred choice of business entity in India. As it
requires a minimum of 2 members, it is most appropriate for small and
medium-sized businesses and start-ups. It is a privately held business entity
with a limited liability and allows for a 100% foreign direct investment with
government approval. It takes only around two weeks to set up a Private Limited
Company. It also allows a significant degree of distinction between the
business entity and the management.
Basic requirements for Private Limited
Company Registration:
1. A minimum 2 Shareholders are
required
2. A minimum 2 Directors are required
3. The Directors and Shareholders
generally be the same person
4. One of the Director must definitely
be a resident of India
5. The minimum advisable Authorised
Share Capital is INR 1 lakh
6. DIN (Director Identification Number)
for all directors is needed
7. DSC (Digital Signature Certificate)
for 2 promoters and 1 witness is required
Note:- Company planning to operate in specific govt. regulated sector like Insurance, Financial Market etc will have to get their regulatory license first before incorporation of company and those cases will be dealt separately. Get in touch with us for more detailed information at +91-844 7037 100
For NRI's Please click on below link:
