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Richard Madsen

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Vivamus id ante vel purus commodo cursus? Nunc sit amet cursus massa?2020-06-26T22:21:38+05:30

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Can a person register a Private Limited Company at their residential Address?2019-09-18T12:36:43+05:30

YES, a person may start the Company from their residential address as well. The registered office may or may not be a commercial property. It is the same in case of a LLP / any other form of Company.

Can a Non Resident India / Foreign National become Director in a Private limited Company?2019-09-18T00:34:57+05:30

Yes, a Non Resident India / Foreign National can also become Directors in Private Limited Company. However, at least one Director in the Company shall be an Indian National and resident.

What is the time taken by Lawsaathi.com in forming a Private Limited company?2019-09-18T00:32:46+05:30

Name Approval usually takes a day or 2, if the name is available. Further, we at lawsaathi.com take 5-10 more days to complete incorporation, after receiving complete set of documents from you.

Can a limited liability partnership (LLP) be converted into a Private Limited Company?2019-09-18T00:05:52+05:30

Yes, as per the Companies Act, 2013, a Limited Liability Partnership can be converted into Private Limited Company. However, there are certain tax and legal conditions which must be fulfilled beforehand.

Can a salaried person be the director of a company?2019-09-17T23:47:50+05:30

Yes, a salaried person can become the director in private limited company / LLP / OPC. One needs to check the employment agreement if that allows for such provisions. Many employers are comfortable with the fact that their employee is a director in another company.

What is the minimum capital required to register a Private Limited Company?2019-09-17T23:29:38+05:30

There is no minimum Capital requirement for registering a private limited Company in India. Therefore, you can start a company with Rs. 2 as well.  However, Lawsaathi.com recommends an initial investment of Rs. 1,00,000.

How many minimum directors are required for a Private Limited Company Registration?2019-09-17T23:29:29+05:30

The Registration of a Private Limited Company requires minimum 2 Directors. Further, at least 1 director should be a resident Indian National. However, if you are the sole owner of a company, you can register a One Person Company.

What are memorandum of association and articles of association?2019-09-17T23:29:46+05:30

The Memorandum of Association provides the main business activities of a company. It also provides the supporting activities that a Company needs to undertake for achieving main objects. However, the Articles of Association provides the rules and procedures a company must follow.

Is a Private Limited Company required to get the books audited?2019-09-18T13:43:48+05:30

YES, even if the Company has not done any business during the year, books should be audited. Further, you are required to appoint an auditor within 30 days of incorporation.

What documents are required to complete the registration process?2019-09-18T13:36:14+05:30

Every director and subscriber is required to provide 2 identity proofs and  2 address proofs. You must provide PAN Card (for Indian Nationals) and Passport (for foreign nationals). For the registered office address, a copy of utility bill is required along with NOC (No Objection Certificate) from the owner of property. Your registered address is rented, you also need to have a rent agreement as well.

What is a Digital Signature Certificate (DSC)?2019-09-17T09:21:55+05:30

The Digital Signature Certificate (DSC) is a signature certificate issued by certifying authorities (like e-Mudhra, TCS, etc.). You can sign the documents electronically using a digital signature. It is stored in an encrypted token (secured pen drive token) so that it is not misused in any way.

How to choose a name for your company / LLP?2019-09-17T23:38:23+05:30

The Ministry of Corporate Affairs (MCA) has laid down guidelines to select a name for your Company. The name of your company should not be similar to any other company / LLP in India and any registered Trademark. We help you pick a name for your company or LLP. Visit our Check Name Availability page to pick the best name for your company. You can also contact us for any further assistance.

How much time is needed for setting up a private limited company in India?2019-09-17T09:21:06+05:30

It may take up to 15 days to register a Private Limited Company in India. This is dependent upon the availability of all necessary documents required for registration of a Company. However, the time taken is hugely dependent on the working of the Registrar of Company.

How much time is needed for setting up a public limited company in India?2019-09-17T09:21:37+05:30

It may take 15-20 days to register a Public Limited Company in India. This is dependent upon the availability of all necessary documents required for registration of a Company. However, the time taken is hugely dependent on the working of the Registrar of Company.

Do I need to be physically present during the registration process?2019-09-18T13:31:58+05:30

No, you are not required to be physically present for registration of a new company. The entire registration process is online . Hence, you only have to provide clear scanned copies of all necessary documents and forms to complete the registration process.