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Private Limited Company Formation in India

richardm1964

Offshore Agent
Nov 30, 2009
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To form a Private Limited Company in India is easy although the steps looks little lengthier. The process of formation includes the followings.


A Registered Business Name:- This must be followed by the word ‘Limited' or ‘Ltd".


A Registered Office:- This need not necessarily be the same address as the business is conducted from.


Shareholders:- There must be a minimum of two shareholders (also described as `members' or `subscribers'). A private company can have up to fifty shareholders.


Share Capital:- The company must be formed with a stated, nominal share capital divided into shares of fixed amounts.


Memorandum of Association:- The memorandum is the company's charter. must be signed by at least three shareholders.


Articles of Association:- The document contains the internal regulations of the company, the relationship of the company to its shareholders.


Certificate of Incorporation: This is the document, which the registrar of companies issues once he has approved your choice of name and your memorandum.


Auditors:- Every company must appoint a qualified auditor.


Accounts:- The Companies Act lays down strict rules on accounting. Every company must maintain a set of records, which show the financial position at any one time with reasonable accuracy.


Registers:- In addition to the accounts books, companies are required to have a register of members and share ledger.


Company Seal:- All companies must have an engraved seal.
 
Thanks for describing the whole process so beautifully for establishing a company in India. I do agree, although the process looks longer but they are easy to implement.
 

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