A company comes into existence is generally by a process referred to as incorporation. Once a company has been legally incorporated, it becomes a distinct entity from those who invest their capital and labour to run the company. … Such a person is called the promoter of the company.

Minimum authorized capital of Indian Rupees 100,000 (US $ 2250 approximately) is required to form a private company in India. … Certificate of Incorporation: This is the document, which the registrar of companies issues to you once he has approved your choice of name and your memorandum.

The first step within the incorporation of an Associate in the company is to decide on an applicable name. … The name of the corporate is explicit within the memo of association of the corporate. The company’s name should finish with ‘Limited’ if it’s a public company and ‘Private Limited’ if it’s a non-public company.

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 mandatorily be a part of the company on the Board of Directors.

Whilst there are no real legalities as to how much time you have to set up your limited company after you have begun trading, it is recommended that you should have registered at least six months before the new tax year (April).

Legally registering a new company means establishing the business entity with the proper agencies, obtaining all required tax and permit information and maintaining the proper insurance coverages for the business and its employees. Each state and county has different requirements for different business entities.

While registration is not mandatory but registering a firm generates a few rights on the firm and on its partners, which a non-registered firm does not has. Each structure has a different procedure for registration and essential factors need to be taken into consideration while choosing the Legal structure of a Firm.

There is no any formal procedure for registering a sole proprietorship Law Firm in India. This can be by opening a bank account in the name of Proprietorship Firm or by obtaining the licenses required for doing a business. You can also start a law firm in Partnership.

There is no restriction requiring mandatory company based on sales turnover or capital contribution. Hence, a business with any amount of turnover or capital can be operated as a Proprietorship or Partnership or Limited Liability Partnership or Private Limited Company.