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Indian Company Formation Requirement (PLC)

Updated:2018-9-29 12:01:15    Source:www.tannet-group.comViews:48

Indian company formation is on the legal basis of the rules of Indian Companies Act 2013. As an emerging market, India is one of the biggest and fastest growing economies in the world today. According to a report, India is cited as having the potential to become the third largest economy in the world within the next 30 years, behind only China and the USA. What are the compliance requirements to set up business in India? Please refer to the exposition below.

Picking the right company structure for your business is as important as any other business-related activity. The right business structure will allow your enterprise to operate efficiently and meet your required business targets. In India, every business must register themselves as part of the mandatory legal compliance. Here, we mainly talk about the requirement on private limited company (PLC), which is the most popular form of business entity among foreign investors.

Company Name
Names that are similar to an existing private limited company, limited liability partnership, or even trademark can be rejected and additional time will be required for resubmission. Checking the Company name availability is a very important step in Incorporation of a Company. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.

Registered Capital
A private limited company required a minimum capital of Rs.1,00,000. This amount is supposed to deposit by the shareholder in decided share percentage in the bank account of company. Then the same amount can be used by the company for its operations.

Shareholders and Directors
To incorporate a private limited company, a minimum of two shareholders are required. A minimum of two shareholders and a maximum of up to 200 shareholders are allowed in a private limited company. The shareholders could be natural persons or companies, including foreign companies.

A private limited company must have a minimum of two Directors and can have up to a maximum of fifteen Directors. The Director needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency.

Registered Address
To set up a private limited company in India, you need to have a local address where the registered office of the Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.

The registration process can be expedited if all the paperwork is signed and authenticated faster, and you will not have to be present in India for registering of a Private Limited Company. In addition to company formation, Tannet can also help you cope with the followup compliance operation, like bank account opening, accounting, tax filing and auditing. Meanwhile. We also provide comprehensive intellectual property services, including trademark and patent.

Contact Us
If you have further queries, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143512 or 86-755-82143181 or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

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