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

According to section 139(6), the first auditor should be appointed by the Board within 30days of Company incorporation.

The requirements for Annual Filing for Private Limited Company are as follow; A private limited company is required to file certain documents with the Registrar of Company (ROC) annually.

The Company should be at least One-year-old The creditors/shareholders of the Company agree to let the company closure.

This is regulated by DIPP(Department of industrial Policy) There are some sectors in which a Foreign Direct Investment cannot be carried forward, they are; Nidhi Company Business of Chit Funds Atomic Energy Lottery Business Trading in transferable development rights. manufacturing of Tobacco Railway transport Casino FDI through Approval Route, there are few sectors which requires prior approval of the FIPB and they are as follows; Postal Services Courier Services Establishment & Operation of Satellite Tea Sector Atomic mineral Broadcasting Petroleum Sector Defense and Strategic Industries Integrated Township FDI under the automatic route is the most convenient one as it doesn't need any approval, if the investment is within the FDI cap then an application for FDI in Private Limited Company is not needed.

Before you finalise the name for your company it is recommended to conduct a search in the Company database for companies with a similar name.

A Private Limited Company after its incorporation decides the amount of authorized capital for the company and the value of shares that they will receive in return for their investment in the company.

Stock or any security which represents ownership interest either in a private or public company is called private equity.

Private Limited Company is a popular mode for the NRI or Foreign Investors to start on with business in India.

Fail to allot security, may cost heavy fines on the company and also the subscribers /officials in the company who are at default.