Why set up a Public Company?

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.

The duties consist of the following principles: To act within the powers given to them in the articles of association.

LLP is flexible to manage as by the LLP Act 2008, all the freedom is given to it for managing its own affairs.

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.

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.

The deed made should be on a stamp paper in agreement with the Indian stamp act and each partner should have a copy of the deed.

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.

Under section 203A of the income Tax act, 1961 it is mandatory for all who deduct or collect tax at source to apply for allotment of TAN.