In India, Private Limited Company is the most popular type of body corporate. Companies Act 2013 governs the incorporation of the private limited company. The basic requirement to incorporate is that there should be a minimum of 2 shareholders and 2 directors. Moreover, MCA has recently simplified the procedure of private limited company incorporation in India.
Documents of Partners
Documents of Private Limited Company
Yes, a person can use the residential property as a registered office but it shall be noted that you cannot use vacant land or building as your registered office.
Yes, foreign nationals/entities and NRIs can register a private limited company as per the norms set by the RBI for FDI. However, to incorporate a private limited company it is mandatory to have one Indian national in the Board of Directors.
Authorized capital is the maximum amount of money a company can raise through the issue of shares. On the contrary, paid-up capital is the amount of money the company has received by the shareholder from the issue of shares. In addition to this, a company can raise the limit of authorized capital at any time after the incorporation.