Private Ltd. Company Frequently Asked Questions

 

The number of directors is required in a private restricted company?
A private restricted company needs to have a minimum of two Directors and can have up to an optimum of fifteen Directors

What is the online process to help in the conversion process?
Company Vakil helps you in the conversion process, you just have to
provide the required details as mentioned above in the process on the
website.

For how long is the registration of the Company legitimate for?
Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met routinely. In case, annual compliances are not adhered to, the Company will become a Dormant Company and perhaps struck off from the register after a time period. A struck-off Company can be restored for a duration of up to 20 years

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What are FDI Guidelines for Foreigners in a Private Limited Company?
100% Foreign Direct Investment is allowed India in much of the markets under the Automatic Route. There are called RBI Approvals – if the portion allowed for numerous Sectors is met. An application for approval is needed for automatic approvals.

Can a company be included rapidly?
Yes, the procedure can be accelerated if all the documentation is signed and validated faster, and the proposed name of the Private Limited Company is very unique. Names that resemble an existing personal limited company/ limited liability partnership/ trademark can be turned down and extra time will be required for resubmission of names

What are the files needed for registration?
Identity evidence and address evidence is compulsory for all the proposed Directors of the Company. PAN Card is compulsory for Indian Nationals. In addition, the property manager of the authorized workplace premises needs to offer a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity evidence and address proof. Memorandum of Association and Articles of Association and other documents are prepared by us

Can a Foreign Parent Company integrate a Subsidiary in India?
Yes, Foreign moms and dad or holding Companies, including USA moms and dad business, can incorporate a subsidiary, as a 100% owned Private Limited Company in India topic to Foreign Direct Investment (FDI) Guidelines. Please see the FDI Guidelines for various sectors

What is the Director Identification Number (DIN)?
Director Identification Number is a special identification number designated to all existing and proposed Directors of a Company. It is necessary for all present or proposed Directors to have a Director Identification Number. Director Identification Number never ever expires and a person can have just one Director Identification Number

Is an office needed for beginning a Private Limited Company?
An address in India where the authorized workplace of the Company will be situated is needed. The premises can be a commercial/ industrial/ residential where communication from the MCA will be gotten

Do you have to be present personally to include a Private Limited Company?
No, you will not need to exist in India for registering of a Private Limited Company

Can a Foreign National or an NRI hold shares of a Private Limited Company?
Yes, a Foreign National or an NRI Foreign Companies can hold shares of a Private Limited Company subject to Foreign Direct Investment (FDI) Guidelines

Why should one use ‘Company Vakil’ Private Limited Company registration process?

It is India`s one-stop tech legal registration platform aimed at making legal registrations efficient and affordable to end-user, i.e. individuals, entrepreneurs or business owners. Company Vakil with the help of technology and experts such as lawyers, Chartered accountants, company secretary makes Private Limited Company registration error-free and seamless.

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