Types of Company
--> Private Limited Company
--> Public Limited Company
--> Unlimited Company
--> Partnership
--> Sole Proprietorship
Applicable law:
The Indian Companies Act of 1956
Corporate Documents & Registration of a Company
1. Memorandum of Association;
2. Articles of Association;
3. a declaration signed by a person named in the articles of the proposed company as a director, manager, or secretary of the company, or by an advocate of the Supreme Court or High Court, or by an attorney entitled to appear before the High Court, or by a chartered accountant practicing in India stating that all the requirements of the Companies Act 1956 and the applicable rules with respect to the registration and other matters have been complied with;
4. a list of persons who have consented to act as directors of the company.
5. if the proposed company is a public company, consent of very person prepared to act as a director must be submitted in a prescribed form;
6. information about directors, managing directors and managers and secretary must be submitted in a prescribed form;
7. information about the registered office in a prescribed form;
8. power of attorney in favor of one of the promoters or any other person, authorizing him/her to make corrections in the documents submitted to the registrar of the companies, if it becomes necessary; and
9. applicable registration fee payable to the registrar of the companies.
Advantages of Incorporating in India
Many tax exemptions available to the company set up in Special Economic Zone;
Many tax incentives available to IT companies;
India has got double taxation treaties with many countries;
Only INR 100 000 is required to form a private company;
Skilled and intelligent employees available at nominal rate;
With its large base of English speaking skilled human resource, it is most sought after destination for business process outsourcing, Knowledge processing etc.
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