DIN Services: Director Identification Number is essential for a Promoter to incorporate a company in India.

In order to meet the local expenses in connection with the projects in India, an overseas company can open foreign currency accounts with banks in India if they are executing projects in India.

At the stage of filing evidence in support of opposition and application, differing costs apply to both the opponent and the applicant, as per their individual attorneys.

Yes, an NRI or Foreign National can be a Director in a Public Limited Company after obtaining Director Identification Number.

Advantages of a Public Limited Company 1.

Listed below is the registration procedure for a Public Limited Company.

Capital: The minimum capital required to form a public limited company is Rs.500, 000/- However, as per theAct, this limit is not applicable to companies having a license under section 25.

The term “goes public” is generally used to address the IPO of an existing company which decides to list its shares on a Stock Exchange.

The Company name that includes the following will require Central Government approval: (a)Board (b) Commission (c) Authority (d) Undertaking (e)National (f) Union (g) Central (h) Federal (i) Republic (j) President (k) Rashtrapati (l) Small Scale Industries (m) Khadi and Village Industries Corporation (n) Financial, forest, Corporation and the like (o) Municipal (p) Panchayat (q) Development Authority (r) Prime Minister or Chief Minister (s) Minister (t) Nation (u) Forest corporation (v) Development Scheme (w) Statute or Statutory (x) Court or Judiciary (y) Governor (z) Bureau Also, the usage of word Scheme with the name of Government, State, India, Bharat or any government authority or in any manner resembling with the schemes launched by Central, state or local Governments and authorities also require approval from Central Government Ending Names As per the Act, it is mandatory to suffix the type of Company name or should be shown as prescribed.

No Identical Names The name of the newly proposed company should not be identical or similar to that of an existing company; moreover, the meaning of identical names is well described in the act.