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).

  At least 2 designated partners are required out of which at least 1 should be a resident of India.

Can a Foreign Parent Company incorporate a Subsidiary in India?

  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.

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).

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 the foreign investors expresses their interest in setting up business in India.

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

Are NRI's allowed to establish any Company type they want in India?