Professional Updates

When a foreign shareholder or director is involved in a Private Limited Company in India, there are additional compliance and documentation requirements under Indian laws, especially relating to FEMA (Foreign Exchange Management Act) , Companies Act, 2013 , and taxation . 🧾 1. KYC & Documentation for Incorporation For Foreign Director / Shareholder : Passport (Notarized & Apostilled / Consularized) – Mandatory identity proof Address Proof (Utility bill / Driving License / Bank Statement – Notarized & Apostilled) Recent Passport-size Photograph Email ID & Mobile Number DIN – Director Identification Number (to be applied, if not already available) Digital Signature Certificate (DSC) – To be obtained from Indian Certifying Authority 📌 All foreign documents must be notarized and apostilled (or consularized in case of non-Hague countries). 💼 2. FDI (Foreign Direct Investment) Compliance – FEMA Regulations If a foreign shareholder is brin...

 A Private Limited Company (Pvt Ltd) is the most popular and widely used business entity in India for startups and small to medium enterprises. It offers a perfect blend of limited liability protection and corporate structure, while ensuring ease of operations and investor confidence. ✅ Key Characteristics: Separate Legal Entity – Company has its own legal identity separate from its shareholders and directors. Limited Liability – Shareholders are liable only to the extent of their shareholding. Perpetual Succession – The company continues to exist irrespective of changes in ownership or management. Minimum 2 Directors & Shareholders – Required to start; maximum of 200 members allowed. Minimum capital – Can be started with Rs.100,000 as capital. 📋 Checklist for Incorporation of a Private Limited Company 🔷 Proposed Company Details Proposed Name(s) of the Company (Preferably 2–3 options) Complete Office Address Proof of Address of Registered Offi...

Incorporating a Private Limited Company (Pvt. Ltd.) in India involves several legal and procedural steps as per the Companies Act, 2013 . Below is a step-by-step guide detailing the process, required documents, and key considerations. ✅ 1. Basic Requirements for a Pvt. Ltd. Company Minimum Directors : 2 (at least one must be an Indian resident) Maximum Directors : 15 Minimum Shareholders : 2 Maximum Shareholders : 200 Registered Office Address : Mandatory at the time of incorporation ✅ 2. Digital Signature Certificate (DSC) All directors and subscribers to the Memorandum of Association (MoA) and Articles of Association (AoA) must obtain a DSC . Apply through certifying authorities (e.g., eMudhra, Sify, NSDL) Documents required: PAN card Aadhaar card Passport-sized photo Email and mobile number Time : 1–2 days ✅ 3. Director Identification Number (DIN) DIN can be obtained through the SPICe+ Form (explained later) for new directors. If th...