There are certain steps associated with the incorporation of a Limited Liability Partnership for foreign nationals: The Structure: The firm needs to have a minimum of two partners and among the partners, it is must to have at least one of Indian origin i.e. both citizen and resident of India.

'Hindustan, Bharat, India' being first word should have capital of about Rs. 10 Lakhs and if these are to be used within the name then it needs Rs. 5 Lakhs.

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

The government of India under the Income Tax Act, 1961 made PAN generation obligatory for individuals and any form of entity while the payment of counterpart in India.

Can a government servant, start his/her own company?

Being in want for a prompt, economical and Volant dispute resolution procedure which is aided by the developing technology of the country and various economic liberalization policies, lead to the changes in the arbitration act which has been now brought into force with the hope of making India a preferred seat of arbitration because of the dampening of the old resolution system for the small and medium scale businesses who are in a fight with the large companies, business or firms.

The company registration process in India goes through a number of steps and only then the company is provided with a registration certificate after which the company can commence its business operation in India.

One should be the Resident of India Registered office located in India Digital Signatures are required of the shareholders as well as the Directors Director Identification number (DIN) of Directors will be created at the time of incorporation.

Before registering a company in India, the promoters should decide on the most flexible and viable business structure for them.

The article thus explain the how and why of Chit Funds, in addition to formalities required to get a Chit Fund business registered in India.