Since India has continuously kept up the financial growth and the diversity in India attracts foreign nationals to invest in the Indian Market.

Do not use the word "British India" as it is not approved by MCA.

It is the most popular corporate entity amongst small, medium and large businesses in India due to various advantages.

  According to the latest amendment (2015) in the Companies Act, 2013, the Government has removed the requirement of minimum paid-up capital which was earlier required for the incorporation of Private (Rs 1 Lakh) and Public Limited Company (Rs 5 Lakh).

However, at least one Director on the Board of Directors must be a Resident Indian. 2.

  Timeline: On an average, incorporation of a company in India may take up to 2-3 weeks.

With the introduction of globalization, all kind of business from small to big have a bigger market to expose their business and since India is a developing country with a massive population, foreign investors express their interest in setting up business in India.

Statutory Company Audit The Indian Companies Act, 1956 states the true and fairness of the books of account done by a practicing Chartered Account.

The appointment of the first Auditor is governed by section 139(6) which begins with a non-obstante clause and it required consent & certificate from auditor and filing of ADT-1 with the Registrar of Company.

The Documents Required for the Closure of the Private Limited Company Affidavits from the Directors Board Resolution Statement of Accounts Indemnity bond Cost of the Service will calculate to about Professional Fees: Rs. 4,999/- Government Fees: Rs. 5,000/- It rounds up to about Rs. 9,999/- only (this may vary with the professional fee and inclusive of the service tax) To shut down the Private Limited Company by declaring it defunct, an application needs to be submitted to the Registrar of Companies (ROC).