Indian Companies
Indian Companies
A Private Limited Company?
STEP 1
STEP 2
STEP 3
Indian Companies - An Overview
1. One Person Company (OPC)
Recently introduced in the year 2013, an OPC is the best way to start a company if there exists only one promoter or owner. It enables a sole-proprietor to carry on his work and still be part of the corporate framework.
2. Limited Liability Partnership (LLP)
A separate legal entity, in an LLP the liabilities of partners are only limited only to their agreed contribution.
3. Private Limited Company (PLC)
A company in the eyes of the law is regarded as a separate legal entity from its founders It has shareholders (stakeholders) and directors (company officers). Each individual is regarded as an employee of the company.
4. Public Limited Company (PLC)
A PLC is a voluntary association of members which is incorporated under company law. It has a separate legal existence and the liability of its members are limited to shares they hold.
How Ledger Can help to incorporate a entity of yours’
Ledger has team of versatile professionals such as Chartered Accountants, Company Secretary who are exposed to incorporating Indian & Foreign entities.
Step/Procedure involved in incorporating an Indian Entity are
- Obtain Director Identification Number (DIN)
- Digital Signature Certificate (DSC) for proposed Directors
- Approval for proposed Company/ LLP Name
- Finalization of supporting documents
- Filing of e-forms with MCA
- Verification of documents by MCA
- Consent to Establish & Operate
- Obtaining Certificate of Incorporation from MCA along with Permanent Account Number (PAN), Tax Account Number (TAN)
- Obtain GST Certificate
List of Documents required for incorporation of a entity
1. IDand Address proof for Indian nationals (individuals) as subscriber/director are as follows:
- PAN (mandatory)
- Any one of Passport/ Voter Identity Card/ Driving License
- Utility bil (not older than 2 months) – Bank statement/ Telephone bill/ Mobile bill/ Electricity Bill
2. ID and Address proof for foreign nationals (individuals) as subscriber/ director are as follows:
- Passport (mandatory)
- Ubility bill(not older than 2 months) – Bank statement/ Telephone bill/ Mobile bill/ Electricity Bill
3. ID and address proof for body corporate subscribers are as follows:
- Certificate of Incorporation
- Registered office address proof (in case Certificate of Incorporation does not contain the address)
4. All documents signed outside India are required to be notarised and apostilled
5. In case a proposed Director/ subscriber already has a DIN and the KYC is up to date, the ID and address proofs are not required to be attached (provided a declaration is given to this effect)
