Private Limited Company Registration
A company gives your business a corporate identity, trust advantage, better financing capacity, and confidence which other corporate can counts on. It also gives limited liability and an opportunity to raise fund from the public.
A private limited company can have a minimum of two members and a maximum of fifty members. The directors of a private limited company have limited liability to creditors. In a case of default, banks/creditors can only sell company’s assets but not personal assets of directors.
The pre-requisites to incorporate a Private Limited Company are as follows:
After the registration of the company, the following should be fulfilled:
You need to have a minimum capital of Rs. 100,000 to start a private limited company. You need not have this amount in hand or your bank account. You can show this amount as the pre-incorporation expense of the start-up. Also, you can show the capital infused in the assets.
"Yes, NRIs, foreign nationals and foreign entities can register a company and invest in India, subject to the Foreign Direct Investment norms set by the RBI. However, incorporation rules in India require for one Indian national to be a part of the company on the Board of Directors. "