India - LLC Company Incorporation

Limited Liability Company

The primary reason for selecting a limited liability company is the protection that it affords to shareholders.  This is because once a company is formed, it is regarded as a separate legal entity from its shareholders. A Private Limited Company as it is treated as Resident Indian Company and subject to Income Tax.

Time to Incorporate

Incorporation of an Indian company takes around 3 weeks however ready made companies are also available.

Directors

A minimum of two Directors are required. All Directors require a Directors Identification number and a digital signature.

Companies incorporated anywhere can also act as director.

Shareholders

Only two shareholder are required for a Private Limited Company. Shareholders may transfer their shares at any time. This makes a company much easier to sell or pass on to others than other business structures. Maximum Shareholders is fifty.

Share Capital

Minimum Share capital is 1 Lac for a Private Company.

Ready Made Companies

Indian ready made companies with standard Memorandum and Articles designed to permit most general activities are available immediately making it possible to commence business at very short notice.

Required

In order to incorporate a Private Limited the following documents are required:

• The Directors' full name, date of birth, address and their nationality.
• Shareholders' full name and address
• The objects of the company, specifying the the principal activity.
• Company Name
• The amount of capital and the number of shares subscribed to each member.

Company Secretary

A Indian company must appoint a company secretary, if the paid up capital is more than 200 Lacs.

Incorporation procedure

• We obtain the director identification number (DIN) of proposed directors
• Obtain digital signature of proposed director
• Choose a suitable name for your company and we apply for name approval with Registrar of Companies - ROC
• We draft the of Memorandum and Articles of Association containing the main objects
• Stamping of the Memorandum and Articles with the appropriate stamp duty
• The Memorandum and Articles are signed
• Documents signed and deposited with Registrar of Companies
• Generation of Incorporation Certificate
• The process for incorporation of your private limited company is complete and your company can now commence its business