The authority for company incorporations in India is the Ministry of Corporate Affairs and the Registrar of Companies in the relevant state.
We incorporate limited liability companies in more than 40 countries, our experience and relationship with the companies registry means, we can incorporate your India Private Limited Company, according to your specifications.
To incorporate a company in India the following is required for the Registrars of Companies:
Directors of Indian companies are required to register as a director with the Ministry of Corporate Affairs, to obtain a Directors Identification Number (DIN), it states that this person is a director in India. The DIN is then used when incorporating a company which ties the director to a specific company in India. It is also required for at least one director to have a Digital Signature Certificate, which must also accompany a company incorporation registration.
It is not a requirement to visit India to incorporate your company, however, certain aspects of the incorporation may require a visit to a local Indian Embassy in your country.
The primary form of company incorporation in India is a Private Limited Company, a private limited company offers limited liability to the shareholders and shares can only be transferred among its shareholders.
The minimum share capital for a Private Limited Company is INR 100,000 (€1200). Once your Indian company is incorporated a bank account must be opened where the initial share capital should be deposited.
The minimum number of shareholders is two, with a maximum of fifty and no restrictions placed on the nationality or residency of the shareholders.
A Private Limited Company in India must have a minimum of two directors and a maximum of twelve, with no restrictions on nationality or residency.
At least one of the directors must have a valid Digital Signature Certificate to be used on official electronic documents. This signature certificate is issued by the Certifying Authorities upon application, and approved by the Ministry of Corporate Affairs.
Where the share capital is equal to or greater than INR 50 million (€500,000) a company secretary must be appointed.
It is required to submit the proposed company name to the Registrar of Companies in the State of Union Territory, where the registered office is to be. The company name must be in accordance to the guidelines of the relevant authorities in India and must end with the words "Private Limited" or "PVT Ltd" to denote Private Limited Company.
We check that your India company name is acceptable and is not already incorporated with the Registrar of Companies.
The Registrar of Companies will issue the Certificate of Incorporation, usually within 7 days of incorporation and a Private Limited Company may begin to conduct business immediately on receiving the Certificate of Incorporation. Other official company documents we provide once your company is incorporated includes the Memorandum of Association the Articles of Association and share certificates. Copies of the company incorporation documents are sent via email and the originals from the Registrar of Companies are sent to you in a corporate folder.
Your company must have a registered office in India, this is where documents may be legally served - we can provide a registered office in India.
An Annual General Meeting must be held once every calendar year, with no more than 15 months between one AGM and the next. The meeting must be held in the same city or town as the registered office.
The Board of Directors meeting must be held once every three months, and these meetings may be held anywhere in India and meetings cannot be held remotely over the telephone or any other electronic means.