Six important aspect of Registration Private Limited Company in India.

• For Registration Private Limited Company in India  must have minimum paid-up share capital of Rs.1 Lakh or such higher capital as may be prescribed
• Minimum two directors and minimum two shareholders are required.
• Restriction on right of transfer of shares as per the AOA.
• Number of shareholders is limited to fifty.
• An invitation to public to subscribe for any shares or debentures is prohibited.
• No invitation of deposits from persons other than members, directors or their relatives is allowed.

STEPS REQUIRED TO BE PERFORMED TO INCORPORATE A PRIVATE LIMITED COMPANY:

• Obtain Director Identification number
• Get your digital signature certificate
• Get the name of the company approved
• Memorandum and articles of association vetted and printed
• Get the documents stamped
• Get the memorandum and articles signed by at least two subscribers
• Get the certificate of incorporation.

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TIME FRAME TO INCORPORATE A PRIVATE LIMITED COMPANY:

• Takes average 14 days to complete private limited company incorporation in India. .

FIVE ADVANTAGES TO INCORPOARTE A PRIVATE LIMITED COMPANY:

• If the company experience financial distress because of normal business activity, the personal assets of shareholders will not be at risk of being seized by creditors.
• Business not affected by the status of the owner.
• Minimum number of shareholders required is only2.
• More capital can be raised as the maximum number of shareholders allowed is 50.
• Scope of expansion is higher because easy to raise capital from financial institutions.

POST INCORPORATIONFORMALITIES:

• Obtaining Permanent Account Number (PAN) from Income Tax Department
• Obeying Shop and Establishments Act
• Registration for Import Export code from Director General of Foreign Trade
• RBI approval for Registration Private Limited Company in India being foreign companies investing in India and FIPB approval, if required.v The directors of an Indian company, both Indian and foreigner directors, are required to obtain Director Identification Number – DIN and Digital Signature Certificate – DSC

SET UP OF BRANCH OFFICE REGISTRATION IN INDIA –

Branch Office Registration in India-

is an office that serves a certain geographic or demographic area to expand the access of customer services and other services available to beyond the home office.

Foreign Companies wishes to expand business in India consider seriously opening Branch Office in India . Foreign Companies must ensure that they must comply with the eligibility Norms set by Foreign Exchange guidelines regarding profit and capital requirement.

In case foreign company is not able to meet capital and profit requirement, they can consider to open Subsidiary Company in India subject to Foreign Direct Investment guidelines in India.

Foreign Companies are allowed to carried out only specified activity as mentioned in this article.

KEY SIX FEATURES OF BRANCH OFFICE REGISTRATION IN INDIA :

ü The name of Indian BRANCH office shall be same as parent company.

ü The governing body for the BRANCH office License is Reserve Bank of India.

ü It is suitable for foreign Companies looking to setup a temporary office in India and not interested or not planning to have long term plans for the Indian operations.

ü The BRANCH office does not have any ownership; it is just extension of the exiting company in the foreign country.

ü All the expenses of the BRANCH office are met by the head office, if it does not have the revenue from Indian operations.

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ELIGIBILITY GUIDELINES FOR SETTING UP A BRANCH OFFICE REGISTRATION IN INDIA :

• • The company looking to start a Branch office in India shall have a profitable track record during immediately preceding five years in the home country.
  • The Net Worth i.e total of paid-up capital and free reserves, less intangible assets as per the latest Audited Balance Sheet or Account Statement certified by a Certified Public Accountant or any Registered Accounts Practitioner by whatever name shall be not less than or equal to amount specified by Reserve Bank of India

EIGHT ACTIVITIES ARE PERMITTED TO BRANCH OFFICE TO UNDERTAKE:

• • • Export/Import of goods
    • Rendering professional or consultancy services.
    • Carrying out research work, in which the parent company is engaged.
    • Promoting technical or financial collaborations between Indian companies and parent or overseas group company.
    • Representing the parent company in India and acting as buying/selling agent in India.
    • Rendering services in Information Technology and development of software in India.
    • Rendering technical support to the products supplied by parent/group companies.
    • Foreign Airline/shipping Company.

PROCEDURE FOR SETTING UP A BRANCH OFFICE IN INDIA:

• • • Branch office can be set up in India only with the prior approval of RBI.

TIME FRAME TO OPEN A BRANCH OFFICE REGISTRATION IN INDIA :

• • Our team consist of CA, Lawyers , Company Secretaries has successful track record of setting up Branch office of Parent company in India

MODES OF REGISTRATION OF NGO-

MODES OF REGISTRATION OF NGO -FORMATION AND REGISTRATION OF A NON -PROFIT ORGANISATIONS IN INDIA CAN BE DONE UNDER FOLLOWING THREE MODES:

1. TRUST
2. SOCIETY
3. SECTION-8 COMPANY

THE DETAILED PROCEDURE OF REGISTRATION OF NGO IS AS FOLLOWS:

Meeting

• You have to conduct meeting of the proposed NGO. In the meeting you have to mention aim, objective, president, vice president, treasurer, advisor, member etc.
• You have to pass the resolution of forming NGO and all member
• must sign on it with date and proposed name of NGO

MODES OF REGISTRATION OF NGO-

Furnishing Form

• You have to go to Charity Commissioner/Asst charity commissioner’s office and buy the form.

Documents to be submitted

Thereafter according to the performa you have to complete following documents:

1. power of attorney in the name of president/secretary
2. Consent letter of all members/trustees
3. Resolution
4. by laws of NGO as performa (Draft an MOA)
5. NOC from the premises owner in which ngo is registerd
6. Declaration of all movable and immovable assets of NGO on RS 20/- non-judicial stamp
7. other document as required

There after, you have to apply to the same office under Registration of Societies Act 1860 or Public Trust Act of respective states or section 8 of the companies act .{FOR REGISTRATION PROCEDURE OF TRUST, SOCIETY AND COMPANY UNDER SECTION 8)

You should get your registration certificate within 1 months of Society and within 2 months of Trust and you will get registration number.

If you want tax exemption, as soon as you get registration number, apply to Income Tax department for tax exemption under section 80(G) .

In case of Foreign Funding then one needs to Apply for FCRA

In case you need any further information

Contact us at 9818092002
Email : info@companyindia.co.in