To set up a Public Limited Company, one needs to: Choose a name Have a company address Appoint at least three directors Have at least seven shareholders Create an agreement containing details of all initial shareholders – known as Memorandum of Association Have the by- laws of the company - known as Article of Association Apply for DIN by filling DIR-3 File INC 29 to register the Public Limited Company with MCA Obtain Certificate of Incorporation from ROC File INC-22 for verification of Registered office address Choosing a Name The name of the company is its trade name or brand name along with its principal activities, and this company name is a registered name by which an incorporated company is identified.

Keeping a high check on the maintenance of the Company details with the Company House and the MCA/HMRC.

The partners are permitted to decide the way they want to run their company.

There can be a combination of Foreign Nationals or Foreign Companies holding 100% shares of the Indian Limited Liability Partnership. 1.

There is a preferred format in which the MCA wants you to name the company; Unique Name + Descriptive Object + Limited. e.g.

The article below entails some noteworthy points about setting up a FDI in Private Limited Company in India.

It is of 10 characters which are made up of numbers and digits; is distinctive for each card holder and made necessary for all Private limited Companies to acquire after registration with the Registrar of companies.

TAN stands for Tax Deduction Account Number, which comes into the scene when someone decides to start a business and hires employees.

This documen is important since it contains basic conditions for the operation of a company.

The companies which should have their own AOA are: Private companies limited by shares Companies limited by guarantee Companies with unlimited liabilities of its members Points to be taken care of while drafting an AOA Companies who are required to have registered articles may or may not adopt all the regulations mentioned in table A of the first schedule of the act and those who fail to do the same the provisions of the table will be applicable to them.