Minimum 2 Directors are required to manage the affairs of the company who can be same as shareholders. At least one of the directors has to be a Resident of India. To be a Director of a private limited company, one must have a DIN & and the maximum amount cannot exceed beyond fifteen.

he Director required to be above 18 years of age and must be a natural person. He may or may not be citizen or residence of India. We can say that even a foreign nationals can be Directors in Indian Private Limited Company.

There is a minimum of two shareholders required to start a Private Limited Company and the number can extend maximum two hundred beyond which is not permitted.

Digital Signature Certificate (DSC) as the name suggests it is a digital signature of an individual and it is required for filling the e-forms of company incorporation electronically to Ministry of Corporate Affairs.

The Unique Number is required to allot to an Individual which remains valid for whole life of the individual and is required to become director of any company.

For the proper execution of the idea choosing the right form of business is important and for start-ups Private Limited is the best option for the following reasons: • Legal Compliances • Number of people required are low • Funding requirements can be fulfilled with the help of shareholders and financial bodies • Limited liability of the members • Growth of Business can be done by converting a Private Limited to a Public Limited but a LLP cannot be converted to a Private Limited hence it restricts the growth • Even though Private Limited Company is expensive but to execute the Big idea into a successful long term business Private Limited Company is the best choice for start-ups

Firstly we just need to find a unique name as prefix and promoters need to provide name of the proposed company along with significance of word. Secondly the name needs to include a word about the company business activity. Finally before selecting Names it will be advisable to check on Google, MCA Portal, MCA Guidelines and Trade Mark site the availability of Name.

MOA & AOA of the company defines all the rules and regulations and the working flow of company. It also defines everything about the company’s objects, capital, identity, goals and working pattern. After the name of the company is select the Memorandum of Association and Articles of Association of the company is required to be drafted, the last page of the MOA and AOA is known as subscriber sheet which need to be filled in by the promoters in their own hand writing including their personal details and shareholding ratio.

No, the company incorporation process is online. You can email / Upload the required documents.

First ensure that company name is not similar to any other Private Limited,OPC, LLP or Public limited company. Also, do check If your first is not a registered trademark taken by anybody under the IP Act. Also, make sure the name is not too generic to be accepted by Registrar and also, try not to use abbreviations, adjectives. While choosing the name make sure that name should contain the objective of the business like Construction, Trading, Marketing, Technology , Engineering, Agro etc.

The Common Seal is the official signature of the company. Any documents on which Common seal is affixed, is deemed to be signed by the company.

Yes, a salaried person can become the director in private limited company, there are no legal bondages in this, but you have to go through with your employment agreement if it contains any restrictions on doing so.

To incorporate a company we required approximately 10 to 12 working days. The time taken for incorporation will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy process of incorporation, please choose a unique name for your Company and ensure you have all the required documents are provided before starting the incorporation process.

Yes, subject to Foreign Direct Investment (FDI) Guidelines a NRIs / Foreign Nationals / Foreign Companies can hold shares of a Private Limited Company

‘Company Address’ is the address of the Registered Office of the proposed company which is used for all official communications. A temporary address is required, at the time of registration, which could be the address of any of the including Directors. Post registration process applicant has to provide the permanent business address of the registered office with all the documentary proofs of address, ownership

A Private Limited Company must appoint an Auditor and get its statutory audit done by a Chartered Accountant at the financial year end and it also required to file Income Tax Return to Income Tax Department. In Addition to that a company also required to file its Annual Filling Forms with Registrar of Companies. Further the Private Limited Company must conduct Board Meeting atleast once in every 3 months and an Annual General Meeting, atleast once in every year and also maintain Minutes of every Board Meetings and General Meetings and Statutory Registers.

The director has been entrusted with the responsibility of managing the company in the best efficient manner. The responsibility of a director depends upon the kind of directorship he holds in the company. For instance, an executive director or a managing director has greater responsibility than a non-executive director who might hold the directorship as an expert or consultant. A director is liable for misconduct or fraud or if found guilty of default.

A Company can own and enjoy property in its own name, neither the members are not owners of the company’s property and nor the members have insurable interest in the property of the company.

No, LLP cannot be converted to a Private Limited Company as it is not permissible by the government of India. Both the LLP Act, 2008 and the Companies Act,2013 are silent about the matter and haven’t done any amendments on the same

Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of upto 20 years.

Yes, an NRI or Foreign National can be a Director in a Private Limited Company after obtaining Director Identification Number. However, atleast, one Director on the Board of Directors must be a Resident India