> > > > Vinay Gupta Director Company India Advisors Private Ltd email: [email protected] Mobile: +91 [email protected]

> > > > > > > >

Vinay Gupta Director

Company India Advisors Private Ltd email: [email protected]

Mobile: +91 9818922002

http://companyindia.co.in/

PRIVATE LIMITED COMPANY IN INDIA

Company India Advisors Private Ltd

+919818092002

What is PRIVATE LIMITED COMPANY?

A private limited company is the company, which arranges its funds from the owners and the relatives of the owners of the company only and not from outsiders.

A company whose ownership is private. As a result, it does not need to meet the strict Securities and Exchange Commission filing requirements of public companies.


+919818092002

Requirements of setting a

Private Limited Company in

India


+919818092002


+919818092002

The directors are the major group of stakeholders of the company. The directors are the persons who handle the operations of the company .

COMPANY INDIA ADVISORS

DIRECTORS…..


The Legal Status of the directorThe director occupies the position of a: As a Trustee- In relation to the

company As Agents- When they act o n behalf of

the company As Managing Partner-As they are

entrusted with the responsibility of the company


Qualification Shares In case there is requirement as per the AOA

for the director is bound to buy qualification shares

If acts are done by the director prior to he or she being disqualified, the acts are considered to be valid.

The minimum number of directors for a Private Company are TWO.


+919818092002


Time Limit To Incorporate…..

The time for incorporating a private limited company is near about 15 to 16 days…..

How to Incorporate

Private Limited

Company in India?

Selection of type of the company.

Selection of name for the proposed company.

Apply for Directors Identification Number and Digital Signatures.

Drafting of Memorandum and Articles of Association.


+919818092002

Stamping, digitally signing and e-filing of various documents with the Registrar.

Payment of Fees.

Obtaining Certificate of Incorporation.

Preparation and filing of Prospectus/Statement in lieu of Prospectus and e-Form 19/20 (in case of public companies) for obtaining the certificate of commencement of business.


+919818092002

Name Guidelines


Company Act India specify that certain words are important like India, Global, World, Industry etc and authorized capital norms are difference for the company having such special word in the name of the company

Separate legal entity

Incorporated body

Artificial legal person

Perpetual succession

Limited liability

Common sealCompany India Advisors

Private Ltd

Right to sue

Right to enter in to contracts

Flexibility of investment

Separation of control from the ownership

Right to own property


+919818092002

Digital SignaturesDirector Information NumberBoard MeetingsAnnual General MeetingsAnnual Filing of FormsYearly Forms by DirectorsMaintenance of statutory register & minutes book


+919818092002

What is a Digital Signature Certificate (DSC)?

Digital Signature Certificates are electronic format of physical signatures. DSC can be presented electronically to access information or services on the Internet, to prove the identity or to sign certain documents digitally.

DSC requirement?

16th September 2006 all the documents required to be filed with ROC have to be filed on portal of Ministry of Corporate Affairs at www.mca.gov.in using Digital Signature Certificate.


No person can be appointed as a Director without getting a DIN. The compliance can be quite an irritant for foreign residents, as all the documents need to be notarised. If the documents are not in English then translated version along with the original documents need to be notarised.


+919818092002

1. Periodicity of the Board

Meetings

2. Interval between two Board

Meetings

3. Day of holding meeting

4. Time of holding Board meetings

5. Place for holding Board MeetingCompany India Advisors Private

Ltd

+919818092002

Classification of minutes

Minutes can be classified into the following three types on the kind of meeting to which they relate:-

Minutes of Board meetings

Minutes of meetings of committee of the Board

Minutes of General meetings


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GENERAL MEETINGS

1. Periodicity of the Board Meetings

2. Interval between two Board

Meetings

3. Day of holding meeting

4. Time of holding Board meetings

5. Place for holding Board Meeting


+919818092002

The term ‘minutes’ though not defined in the Companies Act, 1956, may be considered as a written record of proceedings of a meeting of any Company duly kept in pursuance of the law.


+919818092002

The term ‘minutes’ though not defined in the Companies Act, 1956, may be considered as a written record of proceedings of a meeting of any Company duly kept in pursuance of the law.


+919818092002

Annual Filing of

FormsThere are a number of annual forms that need to be filed besides the annual financials.

The information is quite detailed and talks about shareholdings, directors, financials, etc.

All these forms are required to be certified by a practicing Chartered Accountant or practicing Company Secretary


+919818092002

> > > > > > > >

Vinay Gupta Director

Company India Advisors Private Ltd email: [email protected]

Mobile: +91 9818922002

http://companyindia.co.in/


+919818092002







Documents

> > > > Vinay Gupta Director Company India Advisors Private Ltd email: [email protected] Mobile: +91 [email protected]