Setting up a Business in India
Legal Forms of Companies
|Types of Companies and Capital (Max/Min)||Number of Partners/Shareholders and Liability||Registration Fees|
| Sole Proprietorship
|| Minimum number is 2, while as the maximum number can be 10 in case of banking business and 20 in all other types of business.
| Private Limited
|| Minimum number is 2; while as the maximum number is 50.
||INR 4,000 + INR 300 per bracket of INR 10,000 of the authorized capital.|
| Public Limited
|| Minimum number is 7; while as there is no limit on the maximum number of members/shareholders.
||INR 4,000 + the following additional fees regulated according to the amount of nominal capital: - Between INR 0.5 million and 5 million: INR 200 per bracket of INR 10,000 of the authorized capital; - Between INR 5 and 10 million: INR 100 per bracket of INR 10,000 of the authorized capital; - For more than INR 10 million: INR 50 per bracket of INR 10,000 of the authorized capital.|
|| Minimum number is 10; while as there is no limit on the maximum number of members. However, the members must be residing or working in the same locality.
| Hindu United Family Business (HUF)
|| All members of a Hindu undivided family can do business jointly under the control of the head of the family who is known as the 'Karta'. The members of the family are known as 'Co-parceners'.
Business Setup Procedures
- Administrative Formalities
- Depend on the structure created (Branch office, Subsidiary, Joint-Venture partnership, Private or Public Limited company). For more information, visit the site of Ministry of Corporate Affairs.
- The Competent Organization
- Registrar of Companies (ROC)
- Time Necessary for Registration
- 1- 2 month, depending on the nature of business and type of company.
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The guide addresses practical aspects of doing business in India like access to reliable information and who to contact for personal and business assistance while in Bengaluru, India.
Entry India, LLC on 22 Nov 2010 related to Setting up a Business in India
India is a country that is multicultural and multilingual and it is very important understand these important accept before doing Business in India. Because each state have its own cultural / folk/ dance/ and languages indentify, and people always enjoy their own identity and languages, but at the same time all...
Kumar Sunil, IIBDC on 18 May 2010 related to Setting up a Business in India
If you are really thinking of successful business today please do not start developing your product, firm or business first on what you can only immediately earn alone.
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