Procedure involved to Start a Company (Private Limited) in India
Posted by kumaran on September 6, 2006
This information will be useful for those who are looking in a nutshell the steps involved to start a Private Limited company in India
1. First and foremost identify the Directors of the Company. Minimum of two directors need to present and Maximum of 8 is allowed.
2. All Directors should have DIN (Directors Identification Number). If you do not have one you can apply DIN online
at www.mca.gov.in. FAQ on DIN http://www.mca.gov.in/MinistryWebsite/dca/faq/faq1.html
Documents required for DIN
A. Identity Proof (Any one of the following)
PAN Card
Driving License
Passport
Voter ID Card
Others (to be specified)
B. Residence Proof (Any one of the following)
Driving License
Passport
Voter ID Card
Telephone Bill
Ration Card
Electricity Bill
Bank Statement
Others (to be specified)
3. Once you have got your DIN then you need to apply for Company name. You need to go with 5-6 names in the order which you prefer.If the name is not available then they go to the next one in the order you have provided.
4. You need to apply online for the name availability . You need to Fill in Form 1A. Forms are avilable at this
location.http://www2.mca.gov.in/MinistryWebsite/dca/downloadeforms/eformTemplates/1030-Form1A_help.zip
5. Once you have got your name approved you have to apply for the Incorporation of Company. For this you
will have to prepare Memorandum of Association which will detail what the company;s operations the first list of directors
who are going the be in the board need to be defined in this document. This should be applied along with Form 1
http://www2.mca.gov.in/MinistryWebsite/dca/downloadeforms/eformTemplates/1022-Form1_help.zip. Ocne this has been approved make atleast 10-15 copies of your Certificate of Incorporation and Memorandum of Association and have it in a booklet form.
6. Once your company has been incorporated you can open a Current account in any of the leading banks
for carrying out your operations. You will need to submit a copy of Certificate of Incorporation and Memorandum of Association along with Borad resolution to open the bank account.
7. Thenyou need to apply for TAN and PAN for the Company
https://tin.tin.nsdl.com/pan/form49A.html
https://tin.tin.nsdl.com/tan/form49B.html
8. If your services are in Software related area you can apply for STPI license which will give you certain benefits
like Company need not pay tax for 5 years, there will be no import or expurty duty levied on software/hardware,
You will get office spaces at lower rates at STPI units. These are few of the benefits of becoming an STPI member.
All this you can do on your own or you can outsource these to professional auditor. We did it through Auditor and it took almost three weeks (Upto Step 7 excluding STPI) and all charges(excluding sTPI) would approximately cost you Rs.25,000.
I am not sure how much it would cost if you do it on your own. I read in one of the blogs that in Delhi the whole
process was completed in 30 minutes after the e-Governance was launched.
Good Luck and If you need more information or any guidance drop in a mail.
Startups.in/India said
I’m sure lots of folks would find this info useful. Thanks for writing this up, Kumaran.
Startups.in/India
Nag .B
Ginto said
Thanks a lot for publishing this info.
mohamed said
Thanks. Very useful
Manoj said
thanks !
Anil said
You have done a great job by making this site. Thanks a lot.
kabir said
Hi!
Could anyone please guide me, if the persons working in a public sectorcompany start their company to deal in mutual funds and shares?…secondly, are they suppose to disclose this to their emplore before starting the company?…
regards,
Kabir
Vijay said
Hi Kumaran,
Thanks a lot for your detailed information. I’m not sure whether you’ll be able to help me with this request.
Can you please let me know the procedure to open a branch office in India for a company that is based in UK as I presume this should be a lot easier as against opening a brand new company in India, which is a cumbersome process as per some of the feedback from people that I read in the net.
Thanks & Regards
Vijay
Charles K said
Thanks very usefull information. Now starters will benefit from it.
Offshore web development company – Cut down you are costs by 30-40% yet 100% result.
Moses said
Hi Vijay.
I got this information from somewhere in web. but i do not know where i got it. it may be useful for you
For Overseas Company
A foreign company or individual planning to set up business outsourcing in Indian IT can do it as:
1.As a Foreign Company through a Liaison Office / Representative Office, Project Office or Branch Office.
2.As an Indian Company through a joint venture or a wholly owned subsidiary
3.Foreign Company is one that has been incorporated outside India and conducts business inside India. And these companies must comply with the provisions of Indian Companies Act 1956.
Liaison Office / Representative Office:
1.The ERA Act regulates the opening and operation of such offices while the RBIs (Reserve Bank of India) approval is needed for opening these offices.
2.These offices are not permitted to conduct any kind of business or commercial activity or to earn any income here.
3.Commercial activities must be limited to the collection and transmission of information between the overseas Head Office and the prospective Indian customer.
4.The overseas head office, through inward remittance of Foreign exchange, should meet the expenses of these offices.
5.Permission for these offices is granted initially for 3 years and may be extended from time to time.
Project Office
1.With the approval of RBI, overseas companies are planning to execute specific projects in India, which can set up temporary software projects or site offices in India.
2.This is generally for Government approved projects.
Branch Office
Foreign companies engaged in manufacturing and trading activities abroad can set up Branch Offices for business outsourcing in India with the permission of RBI, for the following purposes.
1.To represent the parent company / other foreign companies in various matters in India like buying / selling agents.
2.To conduct research work in the area in which the parent company is engaged, provided the results of the research work are made available to Indian Companies.
3.To undertake export and import trading activities.
4.To promote possible technical and financial collaborations between the Indian companies and overseas companies.
5.A branch office is not permitted to carry out manufacturing activities on its own but is permitted to sub contract these to Indian manufacturers.
As an Indian Company
1.Through incorporation of a company under the provisions of Indian Companies Act 1956, a foreign company can commence operations in India.
2.Foreign equity in such companies can be up to 100% depending upon the business plan of the foreign investor, prevailing investment policies of govt. of India and on the receipt of requisite approvals.
Joint Venture with an Indian partner
By forming strategic alliances with Indian partners, foreign companies can set up their operations in India.
This will benefit the foreign investor in the following ways:
1.Available financial resources of the Indian partner.
2.Already established distribution / marketing set up of the Indian partner.
3.Already established contacts of the Indian partner that help smoothen the process of setting up operations.
Approval of foreign investments
1.Automatic approval Foreign equity up to 50%, 51% and 74 % are given automatic approval by RBI, if they fulfill the prescribed parameters (in certain industries) specified by the Government of India.
2.Govt. approval Foreign equity exceeding 50%, 51% or 74% in both specified and unspecified industries needs prior specific approval from Foreign Investment Promotion Board (FIPB).
Wholly Owned Subsidiary
1.If a foreign investor holds 100% share of an Indian IT Company it has the right to set up a wholly owned subsidiary.
2.Prior approval from FIPB is needed.
3.Only holding operation is involved and all subsequent/downstream investments to be carried out require prior govt. approval.
4.Proprietary technology is sought to be protected or sophisticated technology is proposed to be brought in.
5.At least 50% of the production is to be exported.
6.Proposals for consultancy.
7.Proposals for infrastructure like roads, industrial model towers, industrial parks or estates.
Several means can be employed for hitting the jackpot of business outsourcing in India. The various ways of tapping Internet usage and setting up one’s own company is discussed above.
Ashish Mahajan said
I wanted to know
1)
if a Foreign national (residing outside india) wants to become a director (with equity)in a private limited company in India, what is the procedure involved.
2)
If an Indian company (Pvt. Ltd.) wants to open a Marketing office in UK (with a local bank account) what are the modalities involved
R Lakshman Rao said
Thanx a lot, was looking for such a guidance, it has given me lot of info. to prepare before approaching an Auditor/Consultant to go further.
All the best. Will get in touch, if any info is required further.
Kiran Bulusu’s Blog » Wanna a start a company in India..here is the procedure to do so… said
[...] Kumaran on blog has posted the detailed procedure on whats required to start one . You can chech this link : How to lauch a company in india [...]
swissreplica1 said
very best idea make rules time!
Abhilash Ravishankar said
Wow! Thanks a lot!
Advocate Rabin said
Hi All.
We are newly associated law professionals dealing with all corporate laws practices committed to customer satisfaction. We are based in New Delhi, India. We always thrive for speedy disposal of the cases.
Should anyone has any query please dont hesitate to contact us at robinmassociates@yahoo.co.in
Sudama DM said
We are manufacturing concern in India and also we have service arms to provide a after sales services to the customers. Our board has decided to register our trademarks in both services we povide and goods we manufacture. Please suggest how to apply for a trade mark in respect of particular goods or services? And suggest whether your firm take up this assignment?
Thanking you in anticipation.
Rabin Majumder & Associates, New Delhi said
Thank you for your query and confidence reposed.
We confirm under present Trademarks Laws, you can get registered for goods and services as well.
The procedure is provided under the Trade Marks Act,1999 that goods and services are classified according to the International Classification of goods and services. The Act also provides a summary of list of such goods and services falling in different classes which is merely indicative. The TM Registrar is the final authority in the determination of the class in which particular goods or services fall. For detailed description of other goods and services please refer to the International Classification published by WIPO. In case you find it hard, feel free to contact us for assistance.
Yes, we do take up IPR related assignments at most reasonable fee and at greater speed. We have liaison at TM Registry.
Sudama DM said
I sincerely thank you. Could you please tell us what are steps involved in registration of Trademarks? I shall be grateful.
Rabin Majumder & Associates, New Delhi said
Very briefly, an application for registration of trade marks is received at the TM Registry with competent jurisdiction. Application is then numbered. Application is then examined mainly with regard to the distinctiveness. The Registrar on consideration of the application and any evidence of use or distinctiveness decides whether the application should be accepted for registration or not, and if accepted, publishes the same in the official gazette. Within a prescribed period any person can file an opposition. Thereafter, the evidence stage by both opponent and applicant. On completion of evidence, the matter is set down for a hearing and the case is decided by a Hearing officer. If the applicant wins, certificate of registration is issued.
The Registrar’s decision is appealable to the Intellectual Property Appellate Board.
Regards.
For Rabin Majumder & Associates
Advocates & Legal Consultants
New Delhi
Sudama DM said
Thanks. Our Delhi representative would contact you this week. Thanks once again.
Sudama DM said
Thank you Mr. Rabin. We are immensely helped by following your advices and as instructed, you go ahead with filing the discussed 10 applications for registration in the Trademarks Registry. You are also requested to advice us of development. Regards.
G A Naidu said
Hi,
This is very usefull informtion which I got it from this site.
Rabin Majumder & Associates, New Delhi said
Hi Mr. Naidu,
Is this letter posted on Feb 5th is for me.
Feel free to contact should you find its necessary.
Regards.
R M & Asso
rajib said
hye
i wanna know how to get export-import license and pls tell me about paper work for export-import, i am a beginner in export-import.
thanks sir.
Sharmila Chhikara said
culd anybody provide me MOA of a Printing & publishing Company
Rabin Majumder & Associates, New Delhi said
Dear Ms. Shamila Chhikara,
As per your request, I write to confirm that we can prepare and provide you with the necessary documents when we receive the specific instructions from you.
Regards.
Rabin Majumder & Associates
Advocates & Legal Consultants
Chandra said
Hi This is Chandrasekhar, working in a IT Company on Linux.
I want to know the procedure to open a new IT placement consultancy in Bangalore.
1. What are the requirement and What type’s of licences are required.
Any assistance is appriceated.
Thanks,
Chandrasekhar.
Harvesh said
I found the information very useful.
Thanks!
Harvesh
Chandra said
Hi Harvesh,
Could you please share that information if it is related IT consultancy. i am planing to open new IT requit consultancy.
Thanks,
Chandrasekhar.C
nitesh1234 said
hi
thanks for valuable article
i am electronics engg working in goverment sector i want to make company i dont know how i start from can you suggest me.
thankyou sir
Preetham said
Can you compare pros and cons of dual citizenship (US and OCI), for starting company in India, i.e. branch vs independent co. in india ? Any pros and cons of “dual” in this process ?
Which auditor did you go with ? I thought chartered accountants did this . Do they have a website ?
kamal said
I would also like to know the answers for the previsouly asked questions(post# 10)please.
If a Foreign national (residing outside india) wants to become a director (with equity)in a private limited company in India, what is the procedure involved?
If a Foreign national (residing outside india) wants to become a director (with equity)in a private limited company in India, what is the procedure involved?
Varun said
Thank you sir, for ur suggestions… i was little confused before, but not now… thanks once again for this valuable information…
Hemakant Garde said
Hello ,
Thanks for this information.
I would like to know , if foreign national wants to start service office what would be the procedure ?
Nitesh said
http://www2.mca.gov.in/MinistryWebsite/dca/downloadeforms/eformTemplates/1030-Form1A_help.zip is not working for me. Giving network error.
Kumar said
Hello,
I want to know the procedure to transfer fund by a foreign national to India to set up a film productin hosue in India.
Kumar said
Hello
I want to know the procedure to transfer fund by a foreign national to India to set up a film productin hosue in India through me.
paul varghese said
hello
can you please specify the procedure for forming a subsidiary company of a Jordan based company in kerala with the sole purpose of software development. The investor is a jordan national. Whether we can start the company without an indian national as shareholder as 100% foreign investment is allowed in software development sector
paul
john said
hi
Nivya said
hi,
Can u plz tell how to start a Software Testing outsourcing company in India(Chennai)
Thanks
Suren said
Really a healthy informations for all entrepreneurs. Will visit again…
Thanks!
digital thoughts » Blog Archive » How to Start a Private Limited Company in India? said
[...] If you want to start a private limited company, you need to jump thru lot of hoops. One blogger listed all the steps involved in this process. Check out that blog post here. [...]
karan pratap singh said
thankx …
really u have done a great job for provoiding such useful informative guidelines…. i am karan and i am a research scholar i have a dream project to start world number one sensor company… slowly slowly with hopes and determination i start my journey …. i am looking toward people who wish to join hand with me.
thanx
karan
muthukumar said
dear kumaran,
hi!
thanks for your detailed information posted by you for setting up Pvt Ltd Co.which is very useful for many aspirants!
will you pl. guide me for the steps and documents required to be submitted and the application form for getting registered under RBI for setting branch office and a laison office. I’am looking for a certification co. in agriculture under service sector. our main profile is to be inspection and certification
hiutopor said
Hi
Very interesting information! Thanks!
G’night
sandeep Kumar said
sir,
I planning to open a new pvt ltd company, what is paid up capital required for.
Hope to hear you soon.
thanks
sandeep
Rabin Majumder & Associates, New Delhi said
Hi having gone hrough your specific query, if I may advise you that as per latest provisions of Companies Act, 1956 the paid up capital of the pvt. ltd. company must be Rs. 1 lakh. Upon closure of 1st financial year, your Balance Sheet must show paid up capital of Rs.1 lakh. However, it may also be noted that you need not block Rs. 1 lakh in bank A/c ur Balance Sheet can show its utilization by way of Fixed Assets or advance for the project finalization and hence its utilization.
Trust this would suffice.
Should you have any further query, feel free to contact.
Regards.
Rabin Majumder
Rabin Majumder & Associates
Advocates & Legal Consultants
Lawyers’ Chamber No. 91
Supreme Court Compound
Supreme Court of India
New Delhi – 110001
robinmassociates@yahoo.co.in
+ 91 98992 59811
+ 91 11 65955548
Rajant said
hi
i would like to open one pvt ltd company for software services.
pls let me know how much cost does it required and how much time to operate as legal.
i am residing in noida and wanna firm in delhi.
you can contact me on my mobile +91-9891075097
Rabin Majumder & Associates, New Delhi said
Hi Rajant,
Fee for gettting a ltd. company depends on name search, printing and stamping of MoA/AoA, Authorised Capital and registration fee for Authorised Capital as per Sch. X of the Companies Act, 1956.
Approximately, a sum of Rs. 7000/- is for official fee, registration fee as per schedule depending upong Auth Cap. And professional fee.
As regards time taken, it ranges from 1 month to 2 months.
Please respond to my email ID if you have any further query.
Rajan said
Please can you pass on the inforamation of the aduitors who helps to follow up the required registration.
Thanks,
Rajan
Rajan said
Kumaran,
Please can you pass on the contacts of the auditors who can help to follow up with the paperwork.
Thanks,
Rajan
09880621000
Soumya Santosh Mohanty said
Restected Sir,
I want to start an import firm in Orissa State. Can u help in understanding the procedure as how to start an import firm in Orissa ? Please e-mail me regarding the concerned matter.
Thanks and Regards
Soumya Santosh Mohanty
0-93384-72562
Ramani said
thank u for your Information
Vikram said
Thanks for the information. It will be much more helpful to all. Nice work done.
Have a nice time and all the best for your company.
BHARAT said
If a Foreign national (residing outside india) wants to become a director (with equity)in a private limited company in India, what is the procedure involved?
If a Foreign national (residing outside india) wants to become a director (with equity)in a private limited company in India, what is the procedure involved?
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Rohit Sharma said
Hi,
I reside in Noida. How will it differ if I get my company registered in Delhi instead on Noida.
Is there a significant difference in getting the registration done in Delhi V/S Noida?
Can anyone help me in this matter?
Regards,
Rohit
Tarun Shah said
If a perosn is foreigner and forming a private limited company, his presnece is required in India? I mean for DIN, one need to submit resident proof, for thata a passport copies will do or one need to remain physically presnet?
Your article is really informative.
If you can please help me out for my abovementioend question, it will be really helpful.
Thanks and regards,
Tarun
Bhasker V Kode said
Hey,
very insightful stuff. from the looks of it, thankfully lot of it seems like it can be done online – which is gr8. will defintely be useful 8 )
Keep Clicking,
Bhasker V Kode
Prasannaa said
Hi This is Prasanna from Chennai
I have planned to start a pvt ltd company with an minimum investment. Would like to know how long its going to take to get register
Let me know
sanprasiyengar@gmail.com
vartika said
the information shared here is definately very useful but i have a query that we have registered a society ie Dakshta Mahila Samiti which is registered and we are running a middle school under that registration. can i use the same registration no. to run a placement consultancy? is it necessary to repeat the same members in this committee also or i can change the members for this purpose?
let me know
Vinayak said
You forgot about service tax registration number
Prince said
1)If a Foreign national (residing outside india) wants to become a director (with equity)in a private limited company in India, what is the procedure involved?
2)If a Foreign national (residing outside india) wants to become a director (with equity)in a private limited company in India, what is the procedure involved
3) If a perosn is foreigner and forming a private limited company, his presnece is required in India? I mean for DIN, one need to submit resident proof, for thata a passport copies will do or one need to remain physically presnet?
Harish said
An individual can run a private limited company.
Kamal Kant said
Thank u very much for d information
Sridhar said
Hi Kumaran,
It’s very useful information.
I need some more information, that what is the cost involved for this procedure? Do we have any agency to followup this procedure? Appreciate, if you could answer my queries and send me a mail to for_u2004@indiatimes.com.
Procedure involved to Start a Company (Private Limited) in India — Instant Web Meetings.COM - Video Conference, Collaboration, E Learning, Unified Communications said
[...] from here [...]
Anthony Pillay said
Thanks a lot for this information
Regards
Anthony Pillay
Shirley said
I am working for a new private limited company.
We are planning to issue new shares directly to the employees.
Will this be counted in the number of shareholders? should this also be restricted below 50?
Jacob said
Hi Kumaran,
Your info on procedures for creating a new company was very useful and is serving as a good starting point for me. But, after initial investigations the quote provided by a company to help start a company is very high.
What would you suggest would be the best route either “Do it ourselves” OR let a company “Do it for us”. which company would you suggest?
Thanks again.
KK said
Hi Jacob,
Who much were you quoted for setting up the new company ?
Let us know.
Jacob said
Hi KK,
I was given a quote of around 52,000 rs for DSC, DIN, incorporation process, name verification the whole process they say.
Jeet K Bhatt said
Hi,
You have done a great job in writing this piece of information.
Its very useful.Recently my friends went out to open a company and it took them 3 months to get it launched.In between,they had to fork out bribes to various people and what not!!!
CA Jai Prakash Rarh said
Hi,
I am practicing CA, involved in incorporation (Registration) of Limited/(P)Ltd. co. in New Delhi. anyone who is interedted in registration of a co. or need an auditor can contact me at 09810694601, 09310694601, or mail me at jprarh@gmail.com or visit us at http://www.caonline.co.in.
For Query no. 63, Prince
1. A foreign national can become director in the same manner as an Indian except that at the time of signing of MOA either he has to present in india on that day or his indian authorised signatory can sign on his behalf or can sign in his country and witnessed through indian embessy in their country.
2. DIN can be applied without his presence in india.
Query #69
Shares alloted to employees of co. will not be counted for limit of 50 members
shivanarayana.N said
hello sir.
i am shivanarayana.N,
i want to open one job consultancy in bangalore. it is IT/Non IT, would please suggest me what r the things need to be submit..
area is indiranagar.
thanking u
urs faithfullly.
shivanarayana.N
naveen said
i want to open a cement company in India.
MELROY LOPES said
Whats the cost of starting my own pvt company if i do it on my own
anand said
thank you for information.
i would like to making pvtltd or trust
for investing realestate/land buisness
kindly give me information how to start
this type of buisness and give me information how the co/trust collecting
investment for from the investor/small
investor
Arthur said
Hello everybody,
This site is very helpful for us. I thank you everybody. I have two doubts :
- I am going to start an IT compnay in Bangalore. I am indian origin but french national. I am an OCI (Overseas Citizien of India) card holder. Can I start one company?
- My partner is purely foreigner (origin european and nationality too). Is it possible to start a company with him?
Please reply me. I need your help.
Thanks in advance.
Arthur
Monalisha said
Is there any regulation passed by the Companies Act, 1956 regarding the minimum limits of authorised capital of a private limited company registered in India using the word “india” in its name? If yes please specify.
Swati said
Hi
Very useful information.
I have a propritership firm. Business is recruitments ( Industry IT and Banking).
we have 14 employees and plan to have 15 more in next 3 months.
I want toknow when and why will it make sense for me to make it a Pvt ltd company..
Also what will be the cost…and implications on bookkeping.
Warm Regards,
Swati Tripathi
Conjugate http://www.conjugate.co.in
Mobile: +91-9967354595
Binoy said
Hello kumaran,
I am Binoy Mathew from Australia,Indian Citizen,planning to open my own private limited dealing with Telephony systems business in Bangalore,India.I will need to buy systems from US and sell it to Indian companies.I have not yet registered the company in Australia.
1:Is it wise to first register in Australia and then open in India as a MNC.Or first start here in India and then register in AU.
2:What are the steps involved if I open it as a MNC.
3:Do I need to go through STPI,since i dont deal with software development or exporting.Only pure systems networking company.
4:What process and how long for these along with costs involved.
5:Since I am a Indian citizen ,Is there any restriction to open a MNC company here in India.
6:Do I need to show certain bank balances.
7:Since I have a PAN in my name,Do I need to get a TAN in my company name.
8:My company is a small company of 1-9 employees only at the moment,What are the employee related registration.
9:Any businees plans or any other useful tips.
Thanks in advance for your help.
Kind Regards
Binoy
Binoy said
Hello kumaran,
I am Binoy Mathew from Australia,Indian Citizen,planning to open my own private limited dealing with Telecom systems business in Bangalore,India.I will need to buy systems from US and sell it to Indian companies.I have not yet registered the company in Australia.
1:Is it wise to first register in Australia and then open in India as a MNC.Or first start here in India and then register in AU.
2:What are the steps involved if I open it as a MNC.
3:Do I need to go through STPI,since i dont deal with software development or exporting.Only pure systems networking company.
4:What process and how long for these along with costs involved.
5:Since I am a Indian citizen ,Is there any restriction to open a MNC company here in India.
6:Do I need to show certain bank balances.
7:Since I have a PAN in my name,Do I need to get a TAN in my company name.
8:My company is a small company of 1-9 employees only at the moment,What are the employee related registration.
9:Any businees plans or any other useful tips.
Thanks in advance for your help.
Kind Regards
Binoy
pipas kumar said
very nice man i was searching 4 it.
Deepak said
Great submissions. very usefull
Sreekanth said
Hey Folks,
The info published on this website is quite helpful & handy for all the prospective entrepreneurs of India & OCI’s. Kumaran has done a phenominal job by posting few concise/succinct points for everyone. His contribution needs to be commended. I would like to start a Pvt. ltd Co. in Pharma Sector dealing with Medical Transcription. Please help me with your Suggestions/Personal Feedbacks/Advices. I look forward to hear from you all.
Thank You All,
Sreekanth
Sudama DM said
Dear Sirs,
Could anyone enlight the brief procedures and cost involved & time taken in amalgamation process at Delhi. What about stamp duty on merger? Our Clients wish to mmerge five different group compaies. Total companies involved in all this is twenty eight. Registered office of some of them are in New Delhi and of rest are in Chennai. Please reply.
Sudama DM
Business Consultants
Chennai/New Delhi
Sudama DM said
Query No. 87
Dear Sir/Ma’am
Please note brief procedures and incidental cost involvled as regards merger/amalgamation as per company laws in India.
Those are:
The procedure for the amalgamation of two companies has to be viewed from the Transferor and Transferee Company.
Prepare scheme of amalgamation as per requirements and get valuation reports done based on available finance details.
i) Check if MoA provide the power to amalgamate in its objects clause. If not, amend the MoA accordingly.
ii) A Board meeting shall be convened to consider and pass the following requisite resolutions:
a) Approve the draft scheme of amalgamation; b) to authorise filing of application to the court for directions to convene a general meeting; c) to file a petition for confirmation of scheme by the High Court.
iii) File first motion application to the Court for directions to convene a general meeting by way of Judge’s summons supported by an affidavit. The proposed scheme of amalgamation must be attached to such affidavit.
iv) Order on first motion.
v) Notice of Meeting, if any, to RoC, Official Liquidator, Stock Exchange, if listed company is involved.
vi) Second Motion Petition for approval of the scheme of amalgamation, a petition shall be made to the H.C. within 7 days of the filing of report by the chairman.
vii) It is to be noted that if the Regd. Offices of the companies are in same state – then both the companies may move jointly to the High Court AND in case, If the Regd. Offices of the companies are in different states – then each company shall move the petition in respective High Court for directions.
viii) Order on Second motion: Sanction of the Scheme by High Court with or without modification.
ix) Stamp Duty to be paid depends on different court procedures/state laws in India.
x) Filing of Order with RoC
xi) A Board Resolution shall be passed for the allotment of shares to the shareholders in exchange of shares held in the transferor-company and to fix the record date for this purpose.
As regards cost, that depends on case to case.
Trust this would suffice.
Rabin Majumder
Advocate & Legal Consultant
Lawyers’ Chamber No. 91
Sh AK Sen Chambers Block
Supreme Court of India
New Delhi – 110001
robinmassociates@yahoo.co.in
+ 91 98992 59811
+ 91 11 65955548
PVR said
Hi Rabin,
Thanks for the excellent information you are providing in this discussion forum.
I have a very specific question: Can an OCI (Overseas Citizenship of India) card holder start and own a business in India without going through FIPB? Are there any restrictions? From what I have been reading, the first question’s answer is yes and the second’s is no. But just wanted to ascertain it from you. How established is the process (of registering a company) in OCI cases?
If one is to register a company in Hyderabad, AP, how long is it taking generally now? Can OCI card holder get the company registered while he is still away abroad?
Appreciate your inputs.
PVR
Rabin Majumder & Associates, New Delhi said
Dear PVR,
As your query relates to OCI card holder, FDI policy would be applicable and for your information very few preoposals require FIPB permission as most of the activities are under Automatic Route.
As regards second query, registration of a company in Hyderabad would generally take 2-4 weeks. For doing so, an OCI card holder is either to be present in person or through his duly notarised and consularised power of attorney.
Trust this would suffice.
Rabin Majumder
Corporate & Commercial Lawyer
New Delhi
robinmassociates@yahoo.co.in
Sudama DM said
Dear Mr. Majumder,
Thank you for taking your valuable time to advice us of the procedures in details.
Could you please tell us as to the aspect of stamp duty applicable after the proposed scheme of amalgamation/merger is sanctioned.
Thanking you again.
Sudama DM
Business Consultants
Chennai/New Delhi
Rabin Majumder & Associates, New Delhi said
Query No. 86
Dear Mr. Sreekanth,
As of now, we only understand that you wish to start a Pvt. ltd Co. in Pharma Sector dealing with Medical Transcription. Please specifiy exact nature of your query so as to enable us to reply accordingly.
Rabin Majumder
Advocate & Legal Consultant
Lawyers’ Chamber No. 91
Sh AK Sen Chambers Block
Supreme Court of India
New Delhi – 110001
robinmassociates@yahoo.co.in
+ 91 98992 59811
+ 91 11 65955548
Anil said
Hi,
I am Anil Kumar from Bangalore(INDIA). I am an Engineer and I have also mastered Mainframe technology.
I am looking to start off a company on the same lines, a Mainframe technology related company. I also have couple of enthusiastic friends looking ahead to start the company, would surely appreciate if you could help me on the same lines and guide me to the right people and help me approach them to begin a new company.
It has been my dream and look forward for your help to succeed.
Will look forward for you help, awaiting for your reply. you can write me on dream.company@yahoo.com
Thanks,
Anil.
Rabin Majumder & Associates, New Delhi said
Query No. 91
Sudama DM
Business Consultants
Chennai/New Delhi
As regards stamp duty payable after scheme of amalgamation/merger is sanctioned by the Hon’ble Court, practices and obsevations are different at different High Courts. As regards Delhi, I am of the view that its not necessary. However, its a necessary in Maharastra.
Trust this would suffice.
Rabin Majumder
Advocate & Legal Consultant
Lawyers’ Chamber No. 91
Sh AK Sen Chambers Block
Supreme Court of India
New Delhi – 110001
robinmassociates@yahoo.co.in
+ 91 98992 59811
+ 91 11 65955548
Jay Jolly said
Hello Rabin,
Thanks to info from Kumaran and you, it’s very helpful.
I am NRI based in Mumbai and am interested in starting a Company in Mumbai,
100% based in India. This will be software services company.
The steps indicated by Kumaran are clear, but will the steps/procedure
be any different for NRI ?
Thanks, Jay
Rabin Majumder & Associates, New Delhi said
Hi Jay,
Procedures involved in starting i.e. incorporation etc. are same for all entreprenuers. But, the only thing that you being an NRI may find it little difficult is that you are required to be present in India on the date of incorporation. However, you may do away with if you execute a Power of Attorney in someone’s favour who is ordinarily resident and available in India on that day. Rest all can be taken care of by the consultant in India.
Trust this would suffice.
Rabin Majumder
Advocate & Legal Consultant
Lawyers’ Chamber No. 91
Sh AK Sen Chambers Block
Supreme Court of India
New Delhi – 110001
robinmassociates@yahoo.co.in
+ 91 98992 59811
+ 91 11 65955548
Atul Tyagi said
You are great yaar. You have done really a great job. How can I show my regards and thanks to you.
All the best buddy
Ravi said
Hi,
I want to start Winery project in Maharashtra . Can I start Under Pvt. Ltd. Co.
Are there is Different procedure for winery? If Yes can U help Me
Regards
Ravi
punit said
HI RAVI,
You can start your business under pvt ltd company. You can include as main object being winery project. Incase you are intereseted in knowing more about the procedure, cost and time involved, you can mail to rh @ pcsrh . com
Thanks.
puneet
vishal arya said
thanks for the knowlege. but i want yo know hou much expence on making pvt ltd cpmpany?
puneet said
well, it depends upon the authorised capital which you wanna keep. The minimum authorised capital is 1 lac, but there are certain rider to it i.e. if you wanna keep “india” or “Corporate” or “BPO” etc word in the name of pvt ltd then the authorised capital will be minimum 10 lacs.
RAMESH.M said
Sir,
I am an employ(govt), I want to start to an export business in my wife’s name.I think I can help her in this business. Can u suggest us how to begin with. I have gone through the regulation in this site. Ramesh.
Aspesilia said
To me it is necessary to find
Manoj said
How to start a pvt bank in India?
tew said
hi,
this information are very usefull, thanks alot.
currently our company would like to establish liaison office in India, and we are appointing one of the agent doing the application, but we still confuse that what they can do for us. Just want to know can we apply DIN and Certificate of Incorporaion by ourself? and how long will taken for the application.
Thanks and Regards
Tew
Life Insurance blog said
Learn facts about the life insurance industry
Information on the life insurance industry
among said
i dont have a rely but i would like to know how joint venture works in india. i have read articles on jv but for foreign investors but i would like to know how an indian company who would like to enter into a joint venture will go about.
baiju said
good information for the beginners. i am a nri recently settled in india to start my own setup.
i want to start a private limited company for import,exports and trading locally. is it must to have a office space first before the start of procedure as given by you?
cheers,
baiju,
gokuldham
kodungallur, kerala
Srinivas A R said
On the outset it looks very simple & clear, but is it really true that one can register a new company with e-governance.
Srinivas A R said
Hi we are a group of 3 engineers planning to start a new furniture manufacturing company in bangalore, could u let me know how much cost is involved for registering a private limited company.
Regards,
Srinivas A R
bangalore
Ganesan said
How to start a banking company in india ? how many minimum persons required ? What should be the minimumcapital required to start a banking company in India ? what are the other procedures and fomalities ? From where we should get the approvals ?
Jidesh Kumar said
Dear Ganeshan,
Please note that no firm, group of individuals can use the term bank for any of their operations even if it resembles the operations of thant of a bank. A bank can be established on the permission of the Reserve Bank of India under the Banking Regulation Act, 1949. The RBI mandates that any banking company will need to have a minimum paid up capital and reserve of Rupees Five lakhs, if is in Mumbai or Kolkata. If the Banking company is established outside these cities, the minimum paid up capital and reserve will be Rupees three lakhs.
Best regards, Jidesh
Mob: +91 9811620150
Jidesh Kumar.M.D
Managing Partner
King, Stubb & Kasiva
Advocates & Attorneys
E-66, 2nd Floor, Kalkaji
New Delhi- 110019
India
Ph : +91 11 – 41032969, 41318190, 41318191
Fax: +91 11 – 41329569
Web: http://www.ksandk.com
E-mail: jidesh@ksandk.com
Jidesh Kumar said
Dear Srinivsas,
It’ll cost you between INR 20-25,000 to incorporate a new company in India and to obtain your Director Identification Numbers and Digital Signature Certificates.
Best regards, Jidesh
Mob: +91 9811620150
Jidesh Kumar.M.D
Managing Partner
King, Stubb & Kasiva
Advocates & Attorneys
E-66, 2nd Floor, Kalkaji
New Delhi- 110019
India
Ph : +91 11 – 41032969, 41318190, 41318191
Fax: +91 11 – 41329569
Web: http://www.ksandk.com
E-mail: jidesh@ksandk.com
Jidesh Kumar said
Dear Tew,
An approval for setting of a liasion office in India is normally granted by the Reserve Bank of India within 15-20 days. However, it will depend on a number of factors like the history and financial strength of your company in your home country. Also the RBI has been averse to providing quick approvals for companies from Pakistan, China and Hong Kong.
Best regards, Jidesh
Mob: +91 9811620150
Jidesh Kumar.M.D
Managing Partner
King, Stubb & Kasiva
Advocates & Attorneys
E-66, 2nd Floor, Kalkaji
New Delhi- 110019
India
Ph : +91 11 – 41032969, 41318190, 41318191
Fax: +91 11 – 41329569
Web: http://www.ksandk.com
E-mail: jidesh@ksandk.com
kumar said
Hi,
Thanks for this useful post.
I am plannig to open a techincal coaching center in Bangalore and later convert it into a software company.Could you please let me know, if this would be possible with one registration.
And, also please let me know any professional auditor in BANGALORE to whom I can outsource the entire registration work.
your help will be highly appreciated.
Thanks,
kumar
Raja said
Hello,
I require a clarification on Appointment of Auditors.
1)When the Auditor Should be appointed for a registered company ?
2)If an Auditor has been appointed for my company during Feb means (Considering registration Happened during Jan 08)For which Accounting year the auditor should audit the company ? Is that the same year or the next Financial Year.(As we are Planning to commence teh business only from the next financial Year )
Please provide me the clarification ?
Jidesh Kumar said
Dear Kumar,
Yes, it is possible for such conversion. However, do not forget to mention this as one of your objects in the Memorandum of Association.
In Bangalore, you can contact, Mr. B.P.Rao. His contact numbers details are B.P.Rao & Co, Chartered Accountants, No.5, Poorna Prasad Road,
High Grounds, Bangalore – 560 001.
Phone No : 22200200 / 22200201
Fax : 080 -22205030.
E-Mail : bprao@satyam.net.in
Jidesh Kumar said
Company Auditors/ Company Secretaries in India
Dear Raja,
Every Indian company, as soon as it is incorporated and starts activities, need an Auditor. Further, the first auditor can hold office till the first annual general meeting. Pursuant to that, he needs to be reappointed or altered in the AGM.
Section 383A of the Companies Act, 1956 makes it obligatory on the part of companies, whether public or private, having a paid-up share capital of Rs 50 lakh or more to appoint a whole-time company secretary.
Proviso to sub-section (1) of Section 383A of the Act provides that companies having a paid-up capital of Rs 10 lakh or more but less than Rs 50 lakh, shall file with the Registrar of Companies (RoC), a Secretarial Compliance Certificate, duly certified by a company secretary.
H/P: +91 9811620150
Jidesh Kumar.M.D
Managing Partner
King, Stubb & Kasiva
Advocates & Attorneys
E-66, 2nd Floor, Kalkaji
New Delhi- 110019
India
Ph : +91 11 – 41032969, 41318190, 41318191
Fax: +91 11 – 41329569
Web: http://www.ksandk.com
Rajesh said
Hi,
I saw your details of forming a Pvt. Ltd.,
Please provide to us the details of forming a pvt Ltd. , How much expenses to forming a pvt Ltd.
I like to start a business in Real-Estates.
Please give us benefits and exemption from government to start a Real-Estate business.
Please do the needful.
Regards,
Hariprasanna said
Hi,
One of my friend he is having Pvt Ltd. concern like Takinng yellow pages.
I want to know any exemption or Benefits can be avail from govenment.
Please give me the details of NRI Funds and tell us how to promote the business.
Regards
Vishal Agrawal said
The details given to form P. Ltd. Company are really very needful.
It will be an added advantage if all the Terms & Condition will be mentioned that to be followed after company is incorporated.
Thanks & Regards,
Vishal
Jidesh Kumar said
Dear Rajesh,
The cost of incorporating a company is varied and depends on the authorised share capital of your company. Please feel free to write to me at my mail address below or call me on my number and I’ll be glad to advise you.
The steps involved in the incorporation process are as follows:
1. Identify the Directors of the Company. A private limited company in India can have a minimum of two (2) directors and a maximum of eight (8) directors.
2. All Directors should have Directors Identification Number(DIN) and Digital Signature Certificates. – This must take between 2-4 working days (Permanent DIN must be applied alongside and will take 4-5 weeks to be issued)
3. On receipt of the DIN, we need to apply for name availability check with the Registrar of Companies by providing six (6) names in order of preference – This process usually takes 7-10 working days
4. Once the name is approved, we will need to apply for Incorporation of the Company. We need to submit the Memorandum of Association (MoA) and Articles of Association (AoA) along with the application for incorporation – stamping of the MoA and AoA takes between 2-3 days
5. This is reviewed by the Registrar of Companies and if there is no objection, a certificate of registration/ incorporation is granted within fifteen (15) working days.
6. Once you obtain a certificate of incorporation, you need to apply for a Permanent Account Number (PAN), Tax Deduction and Collection Account Number (TAN) and the bank account.
Please note there are not very many incentives offered to Indian companies when it comes to real estate investment. However, one advantage is through Press Note 5, through which foreign direct investment has been allowed in Indian real estate companies both at the corporate level and also at the projects or SPV level. This gives the Indian company better valuations and added advantage of foreign brand and expertise.
Best regards,
Jidesh
H/P: +91 9811620150
Jidesh Kumar.M.D
Managing Partner
King, Stubb & Kasiva
Advocates & Attorneys
E-66, 2nd Floor, Kalkaji
New Delhi- 110019
India
Ph : +91 11 – 41032969, 41318190, 41318191
Fax: +91 11 – 41329569
Web: http://www.ksandk.com
Jidesh Kumar said
Dear Prasanna,
Today there is a lot of financial assistance coming from outside India. This has been in the form of both equity and debt and have mainly been led by Foreign Institutional Investors, Foreign Venture Capital, Private Equity Funds, Corporate bodies, NRI’s etc.
The size and duration of existense of your friend’s company will mark a good yardstick for seeking such financial assistance. Another important yardstick is the business plan, the management expertise and vision for growth.
These are necessary factors to determine if your company is attractive for a foreign investor to invest.
H/P: +91 9811620150
Jidesh Kumar.M.D
Managing Partner
King, Stubb & Kasiva
Advocates & Attorneys
E-66, 2nd Floor, Kalkaji
New Delhi- 110019
India
Ph : +91 11 – 41032969, 41318190, 41318191
Fax: +91 11 – 41329569
Web: http://www.ksandk.com
E-mail: jidesh@ksandk.com
Jidesh Kumar said
Dear Vishal,
It is advisable for you to retain a company secretary for advising you on certain regulatory aspects. As per Indian companies Act, you are supposed to have board meetings, annual general meetings, maintain statutory registers, records, etc to continue and grow your operations. Further, you are also supposed to file certain particulars with the Registrar of Companies on a regular basis. These company secretarries come at highly reasonable costs…some times as low as Rs. 12,000 per year. Being a lawyer and advisor to many companies including start ups, I know that start ups actually ignore the regulatory part and will look at correcting them later, when they have an investor or are looking for debt. But this lack of initiative will not, generally, augur will with the investor/ lendor community. Especially because they have to comply by strict corporate governance.
It is my advise that if a company needs to grow and grow exponentially, then it needs to have a good business plan, a well regulated and protected legal document.
Best regards,
Jidesh
H/P: +91 9811620150
Jidesh Kumar.M.D
Managing Partner
King, Stubb & Kasiva
Advocates & Attorneys
E-66, 2nd Floor, Kalkaji
New Delhi- 110019
India
Ph : +91 11 – 41032969, 41318190, 41318191
Fax: +91 11 – 41329569
Web: http://www.ksandk.com
E-mail: jidesh@ksandk.com
m.krishna prasad said
thanks for giving such information
i have just completed my engineering and trying to start a starch industry.
could you give any important information regarding this.
please mail me on this.
Jidesh Kumar said
what is your location and what is your investment size. how many people are involved?
Shah said
hi Kumaran,
Great piece of info, great work. i am an indian NRI wanting to start a firm in India, which is into advertising and events, i would like some info on it, some details on limited company in india, and wht would it be and the procedures to start it,
Regards
Shah
Creative Director
Jidesh Kumar said
Hi Shah,
Where in India do you intend to start this company? Who along with you will be the shareholders and do you have any other director with you?
Best, Jidesh
Naman said
dear jidesh,
1. First and foremost identify the Directors of the Company. Minimum of two directors need to present and Maximum of 8 is allowed.
can there not be just one person who is the director?
N.
Jidesh Kumar said
Hi Naman,
No, there cannot be one director. In fact for the ease of operations, you can have 99.99% equity and have one of your family members as the other shareholder with just one share. You can also make this person a director.
Best, Jidesh
H/P: +91 9811620150
Jidesh Kumar.M.D
Managing Partner
King, Stubb & Kasiva
Advocates & Attorneys
E-66, 2nd Floor, Kalkaji
New Delhi- 110019
India
Ph : +91 11 – 41032969, 41318190, 41318191
Fax: +91 11 – 41329569
Web: http://www.ksandk.com
E-mail: jidesh@ksandk.com
vikram said
Hi,
I was a partner of a partnership firm as a resident Indian national. What happens after I become an OCI? What about properties owned by the company or by me as an individual? Can I continue to own and buy any number of properties? Will I be able to secure bank loans against the firm even though one or all of its partners are OCIs?
On another note if my wife takes US citizenship and gives it up a few years later to become an Indian national, will she be able to take us citizenship later on in her life as she is wife of a us citizen (me)?
Jidesh said
Hi Vikram,
As regards properties, you can buy all except agricultural/ plantation properties and any firm where you are a partner will require prior RBI/ FIPB approval for acquiring such properties. However, if the firm is in the form of a company, it’ll not require any approvals, but has to comply by local land and ceiling laws.
As regards your wife, the answer to your question is YES.
H/P: +91 9811620150
Jidesh Kumar.M.D
Managing Partner
King, Stubb & Kasiva
Advocates & Attorneys
E-66, 2nd Floor, Kalkaji
New Delhi- 110019
India
Ph : +91 11 – 41032969, 41318190, 41318191
Fax: +91 11 – 41329569
Web: http://www.ksandk.com
E-mail: jidesh@ksandk.com
Apurva Kr Sharma said
Thnx a lot it was so fruitful to us as we are about to start our own legal firm it will be more useful if you can directly assist on how to start the process and how much it will cost to open a new law firm .
With regards
Apurva Kr Sharma
Patna
+91-9415921868
+91-9835642158
+91-9956287103
Apurva Kr Sharma said
Thnx any one having any information may mail or contact us to my cell no or mal id.
With Regards
Apurva Kr Sharma.
apurvakrsharma@gmail.com
Jidesh said
Dear Apurva,
Law firms in India are always either sole proprietorship or partnership concerns. You may enter into a partnership agreement with your partners and register the same locally in Patna with the IG of Registration and Stamps. If you so require, we will be glad to assist you in draftig your partnership deed. You will also require PAN and TAN numbers for the firm in order to pay and deduct tax as per existing government regulations. You will have to write to me at my official id or call me to know the quote. I do not want to quote on a public forum.
On a separate note, it’s a pleasure to hear from you as we have a number of matters in Patna and your areas of practice will be of assistance for us to decide if we can use you on any of our client matters there.
Best regards,
Jidesh
H/P: +91 9811620150
Jidesh Kumar.M.D
Managing Partner
King, Stubb & Kasiva
Advocates & Attorneys
E-66, 2nd Floor, Kalkaji
New Delhi- 110019
India
Ph : +91 11 – 41032969, 41318190, 41318191
Fax: +91 11 – 41329569
Web: http://www.ksandk.com
E-mail: jidesh@ksandk.com
Chezhiyan said
Dear sir/madam
i am chezhiyan, MBA-systems 2007 graduate. We are group of friends plannig to start a own software company in chennai. I know that we dont know much better. but we have confidence and manpower. i want to know the detailed explaination about starting a software business in chennai. I hope that you will guide us.
Pl mail me chezhiyan@mail.com. I am waiting for your mail.
Thanks and Regards,
Chezhiyan.
Jidesh said
Dear Chezhiyan,
The procedre to start a software company is the same as any other company except for the object clause in the Memorandum of Association.
Please refer to my post on incorporation of a company above. In case you have more questions, feel free to call me on my numbers below.
Best regards,
Jidesh
H/P: +91 9811620150
Jidesh Kumar.M.D
Managing Partner
King, Stubb & Kasiva
Advocates & Attorneys
E-66, 2nd Floor, Kalkaji
New Delhi- 110019
India
Ph : +91 11 – 41032969, 41318190, 41318191
Fax: +91 11 – 41329569
Web: http://www.ksandk.com
E-mail: jidesh@ksandk.com
khalid said
Hi,
I am having a query about starting a new business in HYDERABAD (A.P/INDIA).It will be trading company which will be importing Goods like Soft Drinks, Juices , Energy Drinks, Non-Alcoholic Beer, Perfumes,Cosmetics and Skin Care Products…. under differt divisions.
I just want to know what all documents are required to start this business from starting point till last and who can help me for all works related to registration of company or firm,taxes like sales tax,vat…….Tin number etc…….
HOPE YOU WILL DO THE NEEDFUL…
BEST REGARD’S
KHALID
marimuthu nrk said
Hi,
It’s very nice to share an authentic information which involves cost , time and effort.
I would like to buy an existing private limited company doing business in transport contract and continue the same business in the same name. What are all the documentation to be carried out? How to protect the company from any outside claim on account of erstwhile management?
Jidesh said
Hi Marimuthu,
You will need to conduct a legal and financial due diligence on the company in order to establish wherther there is any claim and charge on the target company. It has been my experience with about 85-90% investors who invest without a due diligence that they end up in huge financial and legal mess.
Once the due diligence is performed, we will be able to reasonably establish the various representations that the directors of the targt company will have made. You can then determine whether these are material to your business. If yes, you must include them as Condition Precedent to closing of the transaction.
You will also need to enter into a share purchase agreement and shareholders agreement and alter the memorandum and article of association evidencing change in ownership.
We can refer a few financial advisors who have expertise on the financial due diligence aspects, while we can advise you on the legal aspects.
Best regards,
Jidesh
H/P: +91 9811620150
Jidesh Kumar.M.D
Managing Partner
King, Stubb & Kasiva
Advocates & Attorneys
E-66, 2nd Floor, Kalkaji
New Delhi- 110019
India
Ph : +91 11 – 41032969, 41318190, 41318191
Fax: +91 11 – 41329569
Web: http://www.ksandk.com
E-mail: jidesh@ksandk.com
Chief said
Hi All,
I want to start a Pvt Ltd. company in delhi or gurgaon. The business kind would be stockbroker. I have no idea when actually I willbe starting the business but at this time I am just intersted to incorprate the company.
At Point 4, it was written that I can check online for the name availability, but I am not able to do that, Can someone help in this.?
Will someone watching, will reply on the total cost involved in this entire process.?
If I am not starting the business in the next one year, what would be the consiquences?
In point 8, “I read in one of the blogs that in Delhi the whole
process was completed in 30 minutes after the e-Governance was launched.” Does someone have more infor on this? If yes please share.
Thanks,
Chief
Sudhakar said
Is OCI classified as a Indian citizen for the purpose of obtaining a DIN number..it seems that the Registrar of COmpanies Web site is incapable of uploading a US address..Can someone also provide information on the e-governance experiences..
Amit Mundhra said
Dear Chief,
You can check the name availablity on mca.gov.in website. There is a link on left side regarding name availability. However, the information received from this website is not final because there may be some other companies with similar names (both in phonetic & spelling) even phonetic similarity is not allowed in company names like Express & Xpress etc.
For the total cost invovled, i think it is better to have a attorney to get things done for you otherwise it will be a cumbersome procedure for doing it yourself.
If you do not start business within a year, there is no consequence as long as you submit the retruns timely. that may be nil returns.
for more queries, you can contact me at mundhra_amit@yahoo.com
Chief said
Dear Amit Mundhra,
Thanks for the response. I got the link. My email id kamal141_at_yahoo_com. Please leave me your quotes if I hired your service to form a Pvt Ltd company in Delhi or Gurgaon.
regards,
Chief.
Jidesh said
Hi Chief,
You can get in touch with us for incorporation. Please call on the numbers below.
Best regards,
Jidesh
Jidesh Kumar.M.D
Managing Partner
King, Stubb & Kasiva
Advocates & Attorneys
E-66, 2nd Floor, Kalkaji
New Delhi- 110019
India
Ph : +91 11 – 41032969, 41318190, 41318191
Fax: +91 11 – 41329569
Web: http://www.ksandk.com
E-mail: jidesh@ksandk.com
nitin said
thats great
information
ASHISH said
hi,
Thanks brother for the valued info… I want to convert my company into a pvt. ltd co… in mumbai…. Your info has made it possible……
Josh said
Hi
I am josh i am workiing as a testing Engg and i am planing to start a s/w company with my friends thanks for u suggession
sankar said
hi,
thanks for the detail its very useful
Noufel said
Hi
This info was very useful
Thank you for posting this
Regards
Noufel
9845128760
AdvocateKhoj said
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http://www.advocatekhoj.com
Praveen said
Advocatekhoj is a very useful site in getting legal help.
Sidi said
very usefull information, Thank you so much.
But what i did not find here, is the start up capital, and some fiscal information about this.
in Belgium, for example, this is 18500 euros. Don’t know in India.
somdev p r said
thank you very much
prakash said
hai kumaran
i was start a new consultancy company in india andhra pradesh,i dont know the rules of the company registration and requirements.
my consultency working for jobs and visa, but we are 4 members partners, everything on paper and realised and under control of govt.
plese give me details
vijay said
Dear sir,
i want to open a new consultancy company which will belongs to foreign country jobs. pls advise me the entire procedure abt yhis.
Chintan Patel said
Dear Sir,
As we our own proprietorship firm we are planning to make this firm as pvt.ltd. for the i just want’s to confirm that can i get beniffit by getting registration of STPI.
Kindly go through our web site to see the nature of business it is related to software/ hardware of medical eqipment.
Thanks & Regds.
umes said
very very muck thanks
umesh said
very very much thanks
Dakshatta Rathod said
hello everyone!!
I am Dakshatta.
I needed few suggestion regarding starting a new company.I am a student till now so please can everyone help me in starting a new company procedure and related things.my interest is in Food company.
Thanks
chethan said
Hii Jidesh or kumaran or anybody who knows information,
Me and some of my friends are planning to start a KPO company. Thanks for the procedure explained clearly.
My doubts are
1.Is it necessary to show office space before starting a Private ltd?
2. Approximately how much money i have to spend if i were to do incorporation procedure on my own.which is better ie outsourcing to experts or doing it on my own??
3. What are the rules involved after starting a pvt ltd?(ie. Amount of tax to be payed, or any other formalities like that)
Thanks in advance
u can mail to me at chetaninst@gmail.com
Jidesh Kumar said
Dear All,
My following response will provide solution to all your questions.
1. The minimum required capital to start a private limited company is INR 1,00,000 (approx USD 2600)
2. Address is a necessity, you may have a residential or commercial address. This will be the address where you will receive all official communication. These days, foreign companies and some Indian companies are entering into virtual office arrangements with Business centers. For example, see http://www.newbridgebusinesscenters.com. (Contact person is Mr. Gopal Gowda – gopal@newbridgebusinesscentres.com)
3. You need minimum of two directors and two shareholders, nationality is irrelevant
4. Cost of incorporation – the professional fee can start from INR 25,000 going upwards depending on complexity and size involved.
5. Post incorporation – Get a Bank Account, PAN and TAN number for your company
6. Process of incorporation – It is standard for all companies except for the objects, capital and address clauses in the Memorandum of Association. These depend on the business, size and geographical spread of your operation.
7. Specific Businesses – All businesses need specific approval from relevant minsitries and departmnts for conducting operation in that sector.
Best regards,
Jidesh
Jidesh Kumar.M.D
Managing Partner
King, Stubb & Kasiva
Advocates & Attorneys
E-66, 2nd Floor, Kalkaji
New Delhi- 110019
India
Ph : +91 11 – 41032969, 41318190, 41318191
Fax: +91 11 – 41329569
Web: http://www.ksandk.com
E-mail: jidesh@ksandk.com
Pankaj Garg said
Hello Kumaran
Here is my question
1) I am an indian citizen presently in USA on workvisa and i want to start a company with my Father( who is living in india).
2) Now i want to apply for Din, for which i have already gotten the provisional DIN and SRN. Now i need to submit the documents for permanant DIN.
3) Can i send the scaned copy of my signed form to my father, so that he can send those to MCA after having it attested. My main concern is “my sign wouldn’t be original,because its a scanned copy”…will that matter.
Thanks
Pankaj Garg
Somok Chakrabartty said
Dear Rajesh,
I convey you my heart-felt greetings at the outset.I have planned to to launch a software farm.Please guide me regarding the procedure of farm registration under STPI.
Expecting a prompt and favourable reply from your end.
Warm Regards,
Somok Chakrabartty
Chief said
Initially, Digital Signature was not mentioned and I missed this as well. Now when the DIN is ready for 2 of my Directors, I came to know that Digital Signature should also be there, while applying for company name (online).
What is the process of getting Digital Signatures and how much time this takes.?
Regards,
Chief.
doshi said
give me information of ressoution writing of minute book /meeting of directors etc or give me name of any web where i can get information
http://www.tn.gov.in/misc/sez2003.htm … « Name systems evolution said
[...] http://kumaran.wordpress.com/2006/09/06/procedure-involved-to-start-a-company-private-limited-in-ind... [...]
baiju said
hello,
this kind of information is a good spotlight for the career
challenges.i am a resident of kodungallur with email: baiju_velayudhan@yahoo.com. i would like to be contacted by a leading chartered acountants in my place to start the company at the earliest.
can i start a private ltd. company and two differnt retail shops all in one name? if yes, what are the risks involved.
baiju
kodungallur
priya said
great website!! thankx a tonn for putting it up!
gurunath said
hi sir
my name is gurunath iam completed my bsc in computer science now pesntly iam working in software and tele communications comapnies asually i want to start my own business but im littlebit confuseed whcih business i start whethe i start software comapny sir im lokking very forwad my gal iam doing very hard wok sir just ineed you support and your guiadence for me plsae sie iam really lokking very forwad any cast i havre to achive my goal amg i want to hit my target
gurunath said
if any body watch this message please give me advise and guiadence and tour thoughts iam really wating for your inspire woard
Jerry said
hi,
i want to start a recruiting office of a foreign company in India. Please give me some advice on how to go about.
Nilamani Rohidas said
Hi Kumarn,
Thanks for giving the detailed information. Also thanks for giving the website links of Ministry of Corporate Affairs.
Regards,
Nilamani
Ascent SEO said
Kumaran, Thanks for sharing this useful info on formation of company in India. It will definitely help me in my current project of establishing my private limited company in India.
Jidesh Kumar said
Recruitment of a foreign company in India does not require any approvals, if it is merely recruiting Indian professionals by foreign companies for companies abroad. However, if a foreign company is recruiting Indian professionals/ employees, for Indian operations, you will start triggering labour law provisions once the number of employees touch 10. However, you can also strategezise by retaining the employees as consultants and not as employees. This can be don for the lower cadre of employees, as the same for Management cadre can hamper your rights to retain them and protection of confidential information.
Best regards,
Jidesh
Jidesh Kumar.M.D
Managing Partner
King, Stubb & Kasiva
Advocates & Attorneys
E-66, 2nd Floor, Kalkaji
New Delhi- 110019
India
Ph : +91 11 – 41032969, 41318190, 41318191
Fax: +91 11 – 41329569
Web: http://www.ksandk.com
E-mail: jidesh@ksandk.com
Directory Submission Services said
Hi Kumaran,
Thanks for the detailed information about starting a company.
I am interested in starting my web based company where I receive money in foreign currency from clients worldwide. Please let me know what are the legal requirements for Indian companies/registered shop establishments to accept money from overseas clients. Do we need to get any export licensing for exporting software/services online? There is not much information available on this subject anywhere, so I would appreciate if you could share it.
Rizwan Ahmad said
hi, could you tell me how to know more about my private limited company if i have corporate identification number.
Yatin said
HI, kumaran
thanks for your useful info abt opening a pvt ltd compan in india,
i m planning to open a recycling unit in maharashtra
can u tell me the procedures to for that
or if you can provide me some link on which i can get the usefull infos
regards
yatin
Yatin said
HI, kumaran
thanks for your useful info abt opening a pvt ltd compan in india,
i m planning to open a recycling unit in maharashtra
can u tell me the procedures to for that
or if you can provide me some link on which i can get the usefull infos
regards
yatin
yateendra21@hotmail.com
Ramesh said
I am Ramesh, I need to sale the ingot produced by other country in our country. Can any one give the details on what are the procedure to be followed? and how to get the details of manufacturer?
Pandab Nahak said
Hi,
I am Panab from Orissa. I want to open a job consultancy firm at orissa to provide man power to various organistion all over India for the job of Security,Housekeeping,Electrician,Plumber and other IT AND NON IT sectors.
Pandab Nahak said
Hi,
I am Panab from Orissa. I want to open a job consultancy firm at orissa to provide man power to various organistion all over India for the job of Security,Housekeeping,Electrician,Plumber and other IT AND NON IT sectors.
So Please help me by providing the proper information and proper procedure to open a job consultancy firm.
Regard’s
Pandab
e-mail id:-pandabdamini@yahoo.co.in
Somok Chakrabartty said
Dear all member,
I convey to all my heart-felt greetings at the outset.I have planned to register my new software PVT LTD under STPI act.Please guide me regarding the procedure of farm registration under STPI.
Expecting a prompt and favourable reply
Warm Regards,
Somok Chakrabartty
Somok Chakrabartty said
Dear everybody,
I convey to all my heart-felt greetings at the outset.I have planned to register my new software PVT LTD under STPI act.Please guide me regarding the procedure of farm registration under STPI.
Expecting a prompt and favourable reply
Warm Regards,
Somok Chakrabartty
Somok Chakrabartty said
Dear all member,
I convey to all my heart-felt greetings at the outset.I have planned to register my new software PVT LTD under STPI act.is any body guide me ?????????????????????????????????????????????
Expecting a prompt and favourable reply
Warm Regards,
Somok Chakrabartty
Somok Chakrabartty said
ear all member,
I convey to all my heart-felt greetings at the outset.I have planned to register my new software PVT LTD under STPI act.is any body guide me ?????????????????????????????????????????????
Expecting a prompt and favourable reply
Warm Regards,
Somok Chakrabartt
Somok Chakrabartty said
*************************URGENTS***************************************
***********************AN APPEAL*************************************8
members of this site ,
I convey to all my heart-felt greetings at the outset.I have planned to register my new software PVT LTD under STPI act.is any body guide me ?????????????????????????????????????????????
Expecting a prompt and favourable reply
Warm Regards,
Somok Chakrabartt
Somok Chakrabartty said
HI EVERYBODY,
I convey to all my heart-felt greetings at the outset.I have planned to register my new software PVT LTD under STPI act.is any body guide me ?????????????????????????????????????????????
Expecting a prompt and favourable reply
Warm Regards,
Somok Chakrabartt
Somok Chakrabartty said
HIIIIIIIIIIIIIIIIIIIIIIIIII,
I convey to all my heart-felt greetings at the outset.I have planned to register my new software PVT LTD under STPI act.is any body guide me ?????????????????????????????????????????????
Expecting a prompt and favourable reply
Warm Regards,
Somok Chakrabartty kolkata
Jidesh Kumar said
Procedure for registering your company with the STPI under the STP Scheme
Procedure For Approval under STP Scheme
Units undertaking to export their entire production of goods and services may be set up under the Software Technology Park Scheme. Commensurate with the policy to give a special thrust to export of computer software, such units would be encouraged to be set up under the aforementioned export oriented scheme. Software units may undertake exports using data communication links or in the form of physical exports [which may be through courier services also], including export of professional services.
In order to become a certified member unit under STP Scheme, approval from the competent authority is required. The steps involved for obtaining approval are as follows :
Submission of application :
An application in the prescribed format for establishing a Software Technology Park unit is to be submitted to Software Technology Parks of India.
The application should be along with the details of the Software Project in terms of strengths, area of expertise, marketing arrangement, business plans, means of finance, mode of export projected P & L and Balance Sheet [Optional]
Each application should be duly signed in initials by the competent authority on each page of the application along with office seal of the company.
The application should be supported by Certificate of Incorporation, under the Companies Act of 1956, Memorandum of Association, Articles of Association, of the company.
Resume of the Chief Executive heading the STP operations.
In case FIPB/RBI Approval for bringing in Foreign Equity or & NRI Repatriation of Capital is already obtained a copy of the approval should be accompanied with the application.
In case the project is for setting up a STP as 100% Subsidiary/Branch office a copy of the incorporation certificate of the parent company along with the board resolution for setting up the subsidiary is to be attached with the application.
Copy of the lease deed / sale deed for the proposed STP premises.
Details of previous export performance if any along with copy of IE code.
Time frame for processing and granting approvals
In case the applications are complete in all respect, the time frame for granting approval is generally as below :
Director(S) STPI 10 working days
IMSC [MIT] Six weeks
FIPB [Ministry of Industry, SIA] Eight weeks
The above time frame may vary due to unavoidable circumstances.
Application must accompany a Demand Draft of Rs. 2,500/- drawn in favour of “The Director STPI” as processing fees.
Best regards,
Jidesh
Jidesh Kumar.M.D
Managing Partner
King, Stubb & Kasiva
Advocates & Attorneys
E-66, 2nd Floor, Kalkaji
New Delhi- 110019
India
Ph : +91 11 – 41032969, 41318190, 41318191
Fax: +91 11 – 41329569
Web: http://www.ksandk.com
E-mail: jidesh@ksandk.com
duvada jayaram said
dear sir,
the information is good. please reply that the pvt ltd should have labour lience from govt dept if enaged more than 20labour force in esablishment of factory with factory licence.
muthumahalingam said
hi kumaran,jidesh kumar
really thanks to you people…
this is useful for me…
best regards
muthu mahalingam
IT Solusenz
kamarajar salai
madurai
tamil nadu
yogesh said
hy kumaran
we are want to establish Ingot Company
so please let me know procedure how can go ahead in them about proceed
thanks
yogesh
+91 98796 44539
Vijay said
Helllo Everyone Can u know about what is the procedure for founding a film production company in maharashtra?
I appreciate if someone help me.
Thanks in advance
fathima said
i want to know what is the procedure to open a small scale of business and medical transcription.
what will be the amount to be invested.
how can i get the files,and who must i contact for further details.the office wil be at trivandrum.Kerala.
please inform me.its urgent.
are there any consultancy to be contact.
thanking you.waiting for your reply.
Mobile no:09846253191.
sunil.j.r. said
thanks bob
sunil.j.r. said
thanks for giving me such an important information to us mainly to students of sjcc
Aditya said
Dear Kumaran,
I want to start an online business, where in I will be passing my client’s work to end users. Do i need to register for a new company, as I need a current bank account also.
Also, I have one more person, accompanying me as a director rather than a partner. What do u suggest?? I have researched about the web agreement & Legal Notice, Anti-Spam Policy from one of my CA friend…do i require all of these too??Plz help ASAP.
Neha said
Dear Mr.Kumaran,
Please suggest me how to start a recruitment agency & what are the procedures? What document I required.
I am working in Gulf with a multi-national company and my company is ready to provide me visas to bring candidates from India, but they want me to start my own manpower consultancy or be a partner who already have license. At present I prefer to join with a manpower consultancy who already has license.
Sir, please advice me. And if I join with someone,what are the procedure to be done for my safe & for future dealings.
Kindly suggest.
Awaiting for your reply.
Best Regards,
Neha
jacinta said
WOW it is indeed a great job >……………..
Vikram said
Hi,
Thanks for step-by-step information about establishing a private ltd. company in India. If possible can you answer a few queries..
1. What are the changes in book keeping of private limited company and proprietorship?
2. How much of paper work increases when you run your business as a private ltd. company?
3. What is the running cost of a private ltd. company in terms of book keeping, auditing, etc..?
4. How easy it is to sell a private ltd company? special a web based company?
Thanks once again. Expecting and waiting for a reply
Rajat said
Good Stuff
Tushar said
Thanks a lot for sharing such useful info. Keep it up!
kuldip singh said
Sir
My self kuldip singh, I want to start Research, Deployment and Training center what is the procedure cam u mail me.
Kuldip singh
JustIn said
Hi,
I have incorporated my company.
1] What is the cost to get PAN & TAN? How do I get them myself.
2] What is required after incorporation? How to do it?
e.g. a] Board resolution? Is sending email sufficient for that?
b] Quaterly General meeting? is this mandatory?
c] Share certificates book, Minutes book, Statutory Registers maintenance? Can this be done electronicaly (soft-copy)?
d] Are tax filing to be done quaterly or annualy?
e] Any other requirements from RoC?
Thanks & Regards!
JustIn said
Does anybody have Do-It-Yourself(DIY) instructions to operate the pvt. ltd. co. ?
What are annual charges(approx) of CA to maintain & audit a pvt. ltd. co. ? What activities does such service from CA include?
For a 1lac company, I have already spent 20K towards incorporation. Assuming we’ll not have any business as such (under development; no purchase & no sale & no payments) for 2 years; what is the per year cost of maintaining RoC compliance requirements a] If done by myself? b] If done by CA?
Hyder said
We are professionals in setting up your company in India.
Setting up new company or venture or business in India.
Registration with Software Technology Park of India (STPI)
Obtaining Import Export Code / Licence.
Income Tax filing and advisory services.
VAT Registration and FBT Planning Services.
Please Call:
Ph:+91-9346567000
Hyder said
Visit website:
http://www.registration-hyderabad.com
deep said
i want to start R&D center,plz give me info
Kannan said
Hello,
Im looking to set up a wholesale tiles shope.Do I need to follow the same procedur as I wouldn’t be employing too many people.Are PF,Insurance,etc mandotory? Please advice.
BR/
Kannan
star said
can some body tel me whats the avearge maintences expences for a pvt ltd company with 5 to 10 employes and what kind of those expences should be THANKS
Abhishek said
hey,
Useful info folks…..
Thanks
–Abhi–
nucleus said
HI SIR
I AM ABHAY FROM NUCLEUS LAB SIR STILL WE ARE NOT DOING ANY KIND OF MARKETING OR IN MANUFACTURING OF PHARMA PRODUCT BUT WE ALMOST HAVING FIVE YEARS OF MARKETING EXP OF PHARMA PRODUCTS SIR BUT NOW WE ARE GONG TO PLAN TO START OUR OWN MARKETING (PURCHASING FROM ANOTHER MANUFACTURER AND MARKET IT)OF PHARMA PRODUCT BUT STILL WE ARE NOT SATISFIED WITH INFORMATION GIVEN BY YOU, SO MY KIND REQUEST TO YOU PLEASE CAN YOU PROVIDE THE PROCEDURE ON OUR E-MAIL ID AND MY QUERRIES ANS LIKE – TO WHOME WE HAVE TO APROCH FOR THAT? HOW MUCH IT WILL COST?
THANKING YOU
ABHAY
FOR NUCLEUS
Rajkumar said
Hi Kumaran,
Thanks it is very useful to me.. hope for other too..
Andrew said
LOL
that doesn’t even make any sense!
Vivek said
It is mentioned that the paid up capital needed in one lakh. Do we have to pay this one lakh to somebody or deposit it into some account or what?
I want to make my firm pvt. limited, but am afraid that I ,ay have to put this one lakh somewhere. What is the law regarding this. Please advise.
Vivek
09869778529
Asha Menon said
Thank you Kumaran, and all others for giving such useful informations.
I would like to know a few details on registering a Private limited company in India.
1. I want to start a company connected to irrigation of lands, desalination plants, etc.
2. I will have to receive foreign funds into my company account from another foreign company.
3. I will have to pay profit share to the funding foreign company.
4. I want this company to be an Indian company (independent) but should have the above criterias met.
Which type of company registration will be best suited for my needs?
What should I include in Memorandum of Articles to do such business?
Can I register it as a company in India and then receive foreign funds for operation?
Can I amend any of the clauses in future to attract funds, and do business – then paying the funding company their profit share (or consultancy charges, etc).
Please advice.
simon said
thanks for the post
Nikhil Kurup said
Dear Kumaran
I am planning to start a pvt ltd. company what,
- If I do all the process with my own, What would be the cost involved. Can you help me with an approx figure.
- The director of the campany can be any one? Can they be my family members.
- Can we do all the process online.
If possible can you mail me the details.
Nikhil Kurup said
Dear Kumaran
Is it necessary to block 1 lakh in the bank?
liberty mutual car insurance said
liberty mutual car insurance…
puffed justification!Malta spurious monotonousness …
gurunath sherikar said
hi iam gurunath here i wouild like to thrank kumaran word press whtever they information they proviede us very good and very effictive
fo r readers i hope u will improve on your business and ypu can grow
my ambition is become to big business men in the coporate world iam reall looking forwar abt my goal pls give me some guidlines from your side that i acn sucess very easily in my business an duin my goal
Rohan said
Dear Kumaran, thansk a lot for putting all the steps down.
Rahul said
Thanks for info.
Best regards.
Kunal Verma said
Dear Sir,
The information published by You is very helpful for me.
Now please guide me as what are the legal papers I need in order to take contract for electro mechanical works.
Please provide me the necessary requirements.
I shall be very thankful to you.
Thanks and with Regards,
Kunal
shivaram vishwanathan said
i would like to know the procedure to start a trading company in Mumbai for import and export
Kind regards,
Shivaram
shivaram vishwanathan said
I would like a logistics company in Mumbai . What are the steps to be followed to start the same.
Kind regards,
shivaram
Vishal Manchala said
Thanks for the info here,
I have a specific query, I have recently completed my MBA and im interested in launching a new website, which will have sum classifieds and other advertisements along with free service to public…how ever I wil generate sum money from it
for this I was told that I should incorporate a pvt ltd company, otherwise doing this wil b illegal
As I went throgh al above stuff I understood that I need to hav minimum 1 lac ruppes as capital & 25000 for other legal procedures
for me it’s may not b possible to invest such as of now
I need your precious suggestion for it, is it mandatory for me to incorporate a company for this is there any other way for me to do this business as sole proprietorship etc in less cost
Please do me needful Im waiting eagerly for your reply
Thanks
Vishal Manchala
SUNIL LOBO said
Dear Sir
The information published by You is very helpful for me.
I would like to form a member based company to develop tours and travels in India, through networking marketing. actully we are not dealing with physical product and we are selling discouted packages to our menbers , can u please tell me the procedure to start a network marketing company.
shivaram vishwanathan said
Dear Kumaran,
I would like to know the procedure to start a trading company in Mumbai for import and export and also to start the logistics company in India.
Can a import -export company work togrther with teh logistics company hand in hand
How should I go about it, please give your valubel comments
shivaram vishwanathan said
I am an NRI working in East aFrica and certainly would love to start an
trading company in Mumbai for import and export along along with logistics company in India.
Please list out the procedures.
Can a import -export company work togrther with the logistics company hand in hand.
How should I go about it, please give your valuble comments
My contact email id is thundershiv@hotmail.com
Shivaram
amolshejole said
Thanks for providing such a nice information.
PRINCE DOUGLAS said
GoodDay,
Iam Prince Douglas the owner newAreNigLITD,
Sir,I love doing business with you,please give me the cost of your gsm and the cost of shipment,get back to me aspa,
regard,
prince douglas,
chairman{CEO}
NEWARE NIG LITD,
juluri said
hello,
i want to know the procedure for starting a subsidary company in india and also outside india when the parent company is one registered in india. Also guide me as to the difference between a notice and a legal notice. can a non advocate send in a legal notice to the opponent or to a third party under a power of attorney.
thanks and regards
juluri
abhishek said
hello my name is kirit i want start a courier copany my company name will be unison curior pvtltd what procedure i have to follow what is the fee of registration which documentwill be require
kirit said
hello my name is kirit i want start a courier copany my company name will be unison curior pvtltd what procedure i have to follow what is the fee of registration which documentwill be require
Mr Nobett said
Hello,
I am Mr NOBETT BARRY, A certified and a Registered loan lender i give out loan of all kinds in a very fast and easy way, Home Loan, Student Loan, Business Loan, Investor loan etc.i offer loan to every individuals, firms, and company that are in need of financial assistance i in a low interest rate of 3%.
I WANT TO SET UP ONE OF MY COMPANY IN INDIA PLEASE WOULD YOU LET My KNOW OF THE COST AND ALL OTHER REQUIREMENTS
THANKS
Mr Nobett…
Mr Nobett said
Hello,
I am Mr NOBETT BARRY, A certified and a Registered loan lender i give out loan of all kinds in a very fast and easy way, Home Loan, Student Loan, Business Loan, Investor loan etc.i offer loan to every individuals, firms, and company that are in need of financial assistance i in a low interest rate of 3%.
Dear readers you should note that this offer is for serious minded individual, firms and companies.Do not let this opportunity pass you by.get your loan to solve your financial problems.
I am offering you all to the best of my knowledge and to your satisfaction
any interested individuals, firms, and companies that are interested in getting loan in my company should contact me asap via
email:goldlinkfinanceagency@live.com
CONTACT:+447035942538
Sapna Bhutani said
Dear Sir,
I want to know the procedure to acquire a sole properiotorship firm by a Pvt. ltd. co. Here one thing I would like to addon is that the firm have 200-300 employees and is one of the Drs. firm. Plz. provide the cost involved in documentation and legal issues related with that.
Thks & Rgds,
Sameer Mukoo said
I want to open a software company which is meant to provide services to Eastern Europe.
So in that case what can be a more feasible option –
1. Open a new company in India and provide services from India.
2. Register the company somewhere else outside India, say for eg- London and open a branch office in India.
I want to know what will be the tax liabilities for the same in both the cases and what option would make sense.
P.RAMREDDY said
Hello Sir,
Iam from iMatrixtechnologies,Hyderabad. i would like to start a placement consultancy at hyderabad location could you suggest me how it is.At present we are into training. we have very good premises at Ameerpet so please suggest me……………..
Thanks®ards,
P.Ramreddy
09290445386
hasan said
hi,
i want to know which firm is best single owner or propriter base. and tell me what is the basic requirment to open new firm…………..
a.s.udaya sankar said
to ms asha menon
saw your query regarding starting a company and accepting foreing funds.
You can start a pvt ltd company, the foreign partner can contribute to your company by way of equity, dividend can be paid by way of retrun to the foreing equity holder, RBI permission is a must for allotment of equity for the foreign company or individual, and the receipt of funds will have to be informed to them through your bankers in specified forms. You can maintian the Indian character of the company irrespective of the equity contribution of foreing company or foreigners.
regds
a.s.udaya sankar
company secretary ernakulam. kerala
a.s.udaya sankar said
to mr rama reddy
You can set up your business as a partnership firm or as a company preferably a pvt ltd, if you want more details on setting up a pvt ltd, it can be seen elsewhere in this sight, if your questions are specific I will be glad to reply one by one.
regds
udaya sankar
company secretary, kochi
a.s.udaya sankar said
to
ms juluri
you can set up a subisidiary company in India by registering a company first and 51 percent of the shares be contributed by your present company which is incorporated in India, you can also start a subsidiary company abroad by subscribing to 51 percent of the shares of the foreign company incorporated abroad, for the second matter you will require rbi clearance as foreign exchange is involved.
regds
a.s.udaya sankar
company secretary, kochi, kerala
a.s.udaya sankar said
mr justin
You have started a pvt ltd company and you feel there is no activitiy that wil take place in the next two years, I think for auditor you will have to pay atleast Rs5000 to get an audit report, as for ROC you will have to file two retruns every years before OCtober 30th and November 29th assuming you close ur books in March , both the returns for filing will cost u Rs400 if filed on time, these forms will have to be certified by a professional which will cost u Rs1000, therefore to maintian a non running pvt company wil cost RSRs6400 approx.
regds
udaya sankar
company secretary Ernakulam, kochi, kerala
Tanmay N. Patel said
Thanks a lot..
Can u please tell me that which financial institution/bank is better to get loan to initiate a enterprise ?
Srikanth said
Hi
A very nice & clear cut understanding Boss! Thanks for your view, which guide many like me to get more enthusiastic in my thinking. Thanks a lot.
I want to Open a Pvt Ltd Firm which can do any TYPE of business Is it possible to open such a Ltd company and start working on various business like
Software services (IT)
Printer Sales
Pharma supplies and still continues ……….
can any one suggest whether I’m in right way or do i need to change it.
sanjay paul said
i want to know more in details about registration, share issue, etc.
a.s.udaya sankar said
dear sanjay
to know mre about registrationetc , pl mail ur specific query to as.uday@gmail.com, i am a practising company secretary and can asist u.
regds
udaya sankar
abhi said
hi my name is Abhiverma
iam start a campanty Pvt Ltd
so susseion on my campany
call 98152-47777
97798-77774
abhiverma47777@gmail.com
Sanjeev. S.A. said
I am eager to start a Pvt. Ltd company in Agriculture sector.I want to know the initial steps ,procedure, types,obstacles that I may face, benifits prevailing in agriculture sector, the type of directors i should select,precautions to be taken.
khan said
Hello Mr Kumaran
Iam planning to start a courier co procedures what you have written is good one more question i have to ask.how the couriers will be attached(connect) to airline for despatch do u have any procedure for it kindly let me know
thanx
khan
Dr. Shivane said
As a small investor in a private limited company, please let me know whether I can stop/stay sale of fixed assets of the company by Board decision. What rights do I have as small investor?
Sukhadev said
Hi Kumaran/others;
This is a very interesting and informative thread.
I have a situation which I would like to share and get some valuable feed back from any of you out there….
Along with a few friends of mine from US, we would like to start a company ” private ” in India, the sole purpose of the company is only going to be in real estate market. We want to invest our ventures thru a company and share the profits thru the same…Can any one please share their opinion if starting a private company for real estate business in India is beneficial or not?
If the answer is yes, will it follow the same guide lines as posted by Mr. Kumaran in the beginning of this thread….. to form any private company…. !
cheers,
sukhdev.l
jidesh said
The cost of registration of a company has now been reduced and would cost you anywhere between INR 35,000-55,0000 for two DINs, Digital Signature Certificates, Name Availability Application, Government Fee, Printing of MoA and AoA, Registraiton of the Company and application for PAN.
Feel free to contact me for any assistance on my details below:
Jidesh Kumar.M.D
Managing Partner
King, Stubb & Kasiva
Advocates & Attorneys
E-66, 2nd Floor, Kalkaji
New Delhi- 110019
India
Ph : +91 11 – 41032969, 41318190, 41318191
Fax: +91 11 – 41329569
Web: http://www.ksandk.com
E-mail: jidesh@ksandk.com
H/P: +91 9811620150
rajesh said
Hello Jitesh,
For your post in 122, can you pls clarify what do you mean by “Press Note 5″?
Thanks & Rgds,
sukh sagar said
Is it important to have board of directors for a new company instead of single owner or head.
sukh sagar said
how to suggest innovative ideas to top corporate firms and companies in a professional manner without confessing whole idea.
And which law protects and cares owner of idea in india.
Please reply this.
vedavathi said
Thank you very much for your guidelines to start a new firm. But can u guide me to start an agency to sell iron ore as a mediator. For that Where I have to start the procedure? What all requirements I need.I doesn’t know any thing about it but I want to start. If u can guide me I am very much thankful to u.
Regards,
Vedavathi
souparnika said
hi, the above information is very useful to all who wants to start a new venture.
Manish Awasthi said
Good information for starting a new company.
Thanks
Manish
Faiz said
hai
i am planning to start a software development company in cochin kerala, i am expecting valuable suggestion in this matter and also need some information related to this project, so kindly help me how to register a company, what are the procedures?
Thanking you all,,,,
faiz
faazionline@yahoo.com
+919995774992
Sunil U said
I would like to setup a e-commerce business in India. Do I need to spend Rs :50K in order to get that registered and start selling???
Please let me know if anyone can help me or provide more details.
My email is sukrishnan@gmail.com
Rohit Mishra said
Thanks a lot for the information Kumaran!
Pratibha said
Sir/Mam
I want to know the detailed procedure to create a private limited company & also want to know whether this is possible wihtout taking the help of a CA? Also, what will be total cost for doing so.Its Urgent
Thank u
D.Gomathy. said
Thanks a lot,i found it useful, and now i got a clear view.
l b in touch as i may have lot of queries in future.
karthikeyan said
hi,
thank you very much for your information it is very useful for to create my own company. where can i get the application for getting the din number………..
sekhar said
Can some help me to know the procedure to start a news paper/classified in Chennai.
Palanisamy said
Friends,
Can anyone tell me ,what are the basic requirements/documents has to be obtained before setting up a manufacturing plant in india ie., chennai.
Regards,
Samy
Dinesh Oswal said
HI..I want to start a software company near to Pune.i have completed my B.E. in Computer & currently working in well established IT company..could you please suggest me some ways…
Mansri said
Most useful information in a nutshell, Thank you very much.
pankaj said
Very use full,Thank you very much.I would like to know the procedure to form the company in india if all the directors are out side India.
Sasikala . R said
Hi kumaran,
The information you provided was really useful.
Can you or someone help me how to start a tailoring institute and what are the government rules and regulations that has to be followed.
One of my friend is really interested to do this but due to fiancial inability she was not able to. But i wouls like to make her dream come true!!!
So can anyone kindly help me with correct information
Regards,
Sasikala . R
Ravichandran said
Great information for me.. Thannks a lot kumaran..
suyash said
Thanks for such an important information. Now i can start my own company.
SUDHAGAR RAMAN said
Thanks a lot
Delta Squadron said
Thanks for the info.
Its good to see the e-governance can speed up the process and get all this done in matter of minutes!!
Kumar Kandaswamy said
Can a single person own and run multiple “business entities”? I’m presently one of the 2 directors of a Pvt. Ltd. Company. Can I start a Sole Propreitorship firm for all myself and into similar business line as my pvt. ltd company. Explain? Very Urgent.
Deena said
Hi,
I would like to export agricultural products.
Could you please suggest me, how to get clients to the company.
Thank & Regards,,
Deena
cell # 09731822338
SHEKHAR said
I am NRI and want to start propritary firm for trading dyes and chemicals in Navi Mumbai India .Please advice how to resister the company ,where to register ?,
Best regards
dinakar said
i am a beginner.
i want to start a company.
iam from electronics background.
could u please explain me from the basic level….?
thanks and regards,
dinakar
dvsph.upll@gmail.com
9945642461
Vinaayak said
is it necessary that CA or CS signatutre is required for witness in MOA and AOA for forming Pvt ltd Company ,or anyones signature can be done
vinay said
hai sir,
first of all thanks for your information its really usefull.
i would like to start a company. It having offices in every state so
there is a need to take the registration from every governament.
what is the taxes we need to pay.
thanks in advance,
vinay
aabid said
nice
thanks for guidance
what procedure is required for share capital
raja mohamed said
hi all ,
I have planned to start a new software company in chennai.I wanna know about how to register as a Private limited company?. Wht r all the document should produce to get a license?. Could any one say all information about starting a new company?……….
Vinesh said
Thank you Kumaran. This is very useful for me.
NOTE: Correct Spell Error Din as Tin
RJ said
Thank u for the useful information…..
satnam said
Thanks for this useful information..
regards
shyam said
plagiarism
a link to the original source might have been at least, decent .
http://www.ammas.com/ar/home.cfm?r=va&bid=1519&topicid=40&tid=151776
M.V.M SAI KRISHNA said
tanx bro.
aabid said
A nice effort
May almighty reward you
Anuj from Delhi said
A very good material Thank You…
M.S.Boobathi said
Dear Mr Kumaran , We around (20 )would like to start a provate limited company for building promoting. our Auditers says that the net profit is taxable(30%) .Thats is fine . what I heard from my partners is we cannot get all the profit after every project. only if the profit is surplus a portion of profit will distributed as dividend . that is also ok some how. But Is that dividend also taxable ? If so why . We have paid already the tax for the profit. once again why we need to pay the tax for the divident ?
S.Valli said
Thanks a lot
This info is very useful to the people who want to start a concern.
Neo Anderson said
hi kumaran i read ur article on starting up a firm in india nd i liked it very much
..i have few more question..
1. Do i need to setup infrastructure first nd then follow the mentioned steps??
2. Could u pls share various financing options for setting up the company?
Regards,
Neo
Abdur Rashidi said
Great Stuff Kumaran… Thought the same could have been there on the government’s website… Great help indeed…
prabakaran said
thank you very much kumaran…
this is very useful to me..you done a great job…
Bilal said
Thanks for your information
jagdish chandra said
i need to make a company private limited so i need the person related this , i have decide the name of company that is–beetasoftpvtltd,beetasoft corporation pvtltd,
beetasoft technologypvtltd,beetasoftindiapvtltd,
beetasoftindustrypvtltd.
balaji. K said
Hi Mr. Kumaran,
I would like to thank you.. I ve gone thro ur info and it was gr8 for a beginning enterprenuers like us….. gr8 work… Keep do it……
sudhir said
Hello,
Thanks for the useful information provided by you.
Jay Dip Jedia said
Hello!
I am search lots of regarding procedure for company registration but u r site is give a valuable informaion to me. I want to know a information regarding Automation company
vikram said
great work.very useful
Dhananjayan S said
Hello Mr. Kumaran,
Its a wonderful article, I really wondered because my job become more easy after reading your article.
Thanks a lot for your article…
Aswath said
u have done a great job can u please give ideas to start small scale industry or business.
Satish Kumar said
Hi,
Thanks for the guidlines provided in how to start a Private Limited Company.
Thanks and Regards
Satish Kumar
bhuvana said
hai… I thank you for your social effort to make this job… Then i wish to convey my personal thanks, for, you providede me a good and enlarged outlook about the steps…. Me and my team are always thankful for you….
Srinivas said
Dear All,
I am in the process registering the company,could you anyone tell whether digital signature is mandetory for further process,appreciate your input on this.
Thanks,
Srinivas
prashant said
hi
kumaran i m the intersted in ur plan ..
Shivendra Tiwari said
Hi ,
The imformation is very very useful for me. we are a startup company , so this will help us alot.
Thanks..
Shivendra Tiwari
Razeem said
Hi,
This is a good forum to know and understand the legal process.
I really thank u for sharing.
now,am starting a Business (data entry in Pvt). i would like to know how to allocate the funds for running the firm and setup complete process on this.
(previously was working)
kindly suggest on this
ashwath said
very useful information… thanks Mr.Kumaran
Subhash Gautam said
Respected Sir,
I want to know how can I start a new venture of a biofertilizer in panipat of state Haryana.
Please tell me all procedures and documentation.
Thank You
Regards
S.Gautam
M.No. 09220544280
Kiran.P. said
Respectd Sir,
I am working for a small software firm at Bangalore. They have taken an amount of Rs 30000/- as a security deposit in the form of a DD, which will be refunded after 1 year. The agreement is penned on a 100Rs bond paper. But i feel that the things are very fishy here in the office. The office neither have any senior officers(employees) nor the projects. So how do i know whether the company is registered or not. How do i get out of this trap??
Kind Regards,
Kiran
sandrar said
Hi! I was surfing and found your blog post… nice! I love your blog.
Cheers! Sandra. R.
Sukomal said
We want to open a pvt Engineering services Ltd comp in Kolkata. Can any CA or concern person in Kolkata help to set up our company!
Regards
Sukomal
Sher Singh Yadav said
Respected sir,
i want to open a private limited company in textiles please send me the procedure that how can start the company..
so i will regretfull for you……
vikas vyas said
sir,
Thank,
for your help it was very good to read & understand ,
but pls can you help me to yunder stand more if i am making fainance company ,more information
Yasir said
Sir,
I Wants to start a marketing company of pharmaseutical in india. what documents are required?
Thanx
Regards
Yasir
Animesh said
Thanks Kumaran for sharing the information.
kapil said
thanks for this useful information!
Edwin Xander said
Sir,
Am delighted to know these information please let me know more about the e-Governance, waiting for you mail
Thanks and regards
Edwin Xander
Bala Naveen said
Dear Kumaran sir,
I am service person of Computers and mobiles. So i want to kept my own sales & service center and small company later i want to go for the Authorized dealers and Authorized service person.
I am kepting company with my own no parent support. I want the entire information about registering the company and the fee structure and procedure as per govt. Rules
Please do the needful
Thanking you,
K. Bala Naveen
SD said
Hey, excellent cover for anyone who wants to start their business in India, specially to NRI, i see lots of NRI are now investing in India, in some small business, even people at high level posts in companies like IBM, reliance have started their own business side by side.
I’ll surely pass this to a friend of mine, who wants to start his web design company in mumbai
Thnks,
SD
http://www.ejobz.in/
dharmesh said
hi,
i am student of computer engineer in last year and just 7 months to go to complete enginner.
i want to open my software company .so what is the perfect procedure.and minimu how much cost it required to at last open my software company
Jona said
thanks the info was really helpful
Mohit said
i need perfect answer of this question.plz reply on my email id
Mohit.Boost@gmail.com. kindly help me ,, i m waiting ur
responce.
ankit said
thanx cn u please be kind enough 2 tell me the number and procedures of licences should i take to establish a pharmaceutical plant in india!!! plz reply ASAP!!
thanx!!
Mahendran said
i found the above message very useful.But one thing i want to know is
1.what’s the procedure for an INDIAN to start or open an consulting firm in abroad?.
2.what are the documents required for that?
pleas guide me in the above mentioned questions
Regards
Mahendran.J
0-9994504560
RK said
We are a partnership firm and now wish to be a pvt ltd.
We have all the required numbers : PAN / TAN / VAT / Service tax.
Can we have the same PAN/TAN/VAT/Service Tax number for the Pvt.Ltd or need to reapply.
Best Regards,
RK
Kapil Kapuria said
Hi, our company is a construction company,we want to make a new company of Ground handling for aircrafts.
whats the procedure.
kindly help me.
Regards
K.K
Rakesh said
Wat is the Government procedures to start a internet business in india, can u please suggests me. Am waiting for your reply.
rakesh
Kalpesh said
procedure for starting new loan license based pharmaceutical company.
sridhar upadhya said
Hi All,
I have a Pvt.Ltd company for call center consultancy and would like to know what all license i need to accept foreign currency in my current account.I have all papers and necessary documents ready and also i have DIN,TIN and other numbers..
Please let me know what all licenses i need further
Thanks
Sunny said
Can anyone provide me MOA of a Printing & publishing private Company.
Please do the needful
email id: spagare87@gmail.com
amit said
hi
it is very useful information for me but I aam also intersting to know MOA of a Printing & publishing private Company as sunny said above?
a2ajob@gmail.com
Thanks’
G.Karthick said
Thanks kumaran
I am karthick from tamilnadu(coimbatore), i saw your ltd company procedure
its quite easy to understand. thanks! can you advice me what is the procedure to start
Trust ?
sathish sathiamoorthy said
hi ,
I am about to start with my owm company for which the given info is a guiding post.I appreciate and acknowledge the same
Siddhu said
Thanks a lot for the info….. But as you said, now it’s the time of e-governance….
Can you guide us through the new process as well, please….
Thanks in advance….
Looking forward to a reply from all those who are willing to share their knowledge…..
Siddhu said
Thanks again…