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Pvt Ltd Co

49.00

A private company is one owned by non-governmental organizations or a limited number of shareholders or members. Typically, private companies do not list their shares on public stock exchanges for trading among the general public. Instead, ownership and trading of the company’s stock are restricted to private investors.

Description

Setting up a Private Limited Company (Pvt Ltd) in India as an NRI (Non-Resident Indian) involves several steps and considerations. Here’s an overview of the process and important information:

  1. Eligibility:
    • NRIs are eligible to incorporate a Pvt Ltd company in India. They can be both directors and shareholders of the company.
  2. Minimum Requirements:
    • Minimum two directors are required for incorporating a Pvt Ltd company in India. At least one director must be a resident in India (Indian citizen residing in India).
    • Minimum two shareholders are required. NRIs can be shareholders of the company.
    • There is no minimum capital requirement for incorporating a Pvt Ltd company in India.

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When an NRI (Non-Resident Indian) wishes to form a Private Limited Company in India, they typically need the following documents and information:

  1. Identity and Address Proof of Directors:
    • Copy of the valid passport of all directors.
    • Overseas residential address proof of directors (utility bill, bank statement, etc.).
    • Passport size photographs of directors.
  2. Identity and Address Proof of Shareholders:
    • Similar to directors, copies of passport and overseas residential address proof of shareholders.
    • Passport size photographs of shareholders.
  3. Digital Signature Certificates (DSC):
    • Digital signatures are required for all directors and subscribers. DSCs can be obtained from certified authorities.
  4. Director Identification Number (DIN):
    • DIN is mandatory for all directors. If not already obtained, DIN can be applied for simultaneously with the company registration process.
  5. Name Reservation Application:
    • Application for reserving a unique name for the proposed company. Multiple options can be provided in order of preference.
  6. Memorandum of Association (MoA) and Articles of Association (AoA)**:
    • Drafting MoA and AoA defining the objectives and rules governing the company respectively. These documents should be stamped and notarized.
  7. Registered Office Proof:
    • Proof of registered office address such as lease deed, rental agreement, or utility bill along with a No Objection Certificate (NOC) from the landlord.
  8. Consent of Directors and Shareholders:
    • Consent letters from all directors and shareholders to act as such in the company.
  9. Foreign Investment Approvals (if applicable):
    • Depending on the sector and nature of investment, approval from relevant authorities may be required for foreign investment.
  10. Other Documents:
    • Any other documents as required by the Registrar of Companies (RoC) during the registration process.

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