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Frequently Asked Questions
A Digital Signature establishes the identity of the sender or signee electronically while filing documents through the Internet. The Ministry of Corporate Affairs (MCA) mandates that the Directors sign some of the application documents using their Digital Signature. Hence, a Digital Signature is required for all Directors of a proposed Company.
Director Identification Number is a unique identification number assigned to all existing and proposed Directors of a Company. It is mandatory for all present or proposed Directors to have a Director Identification Number. Director Identification Number never expires and a person can have only one Director Identification Number.
A minimum of 7 people are required to incorporate a Public Limited Company. The Limited Company needs to have a minimum of 7 Shareholders an 3 Directors.
A public limited company can be started with any amount of capital. However, fee must be paid to the Government for issuing a minimum of shares worth Rs.5 lakhs [Authorized Capital Fee] during the incorporation of the Company. There is no requirement to show proof of capital invested during the incorporation process.
Authorized capital of a Company is the amount of shares a company can issue to it shareholders. Companies have to pay the Government an authorized capital fee to issue shares in a Company. Companies have to pay authorized capital fee for a minimum of Rs.5 lakhs.
There are no limitations of citizenship to be a director. But the person should be 18 or above 18 years of age.
Yes, a NRI or Foreign National can be a Director in a Limited Company after obtaining Director Identification Number. However, at least one Director on the Board of Directors must be a Resident India.
Identity proof and address proof is mandatory for all the proposed Directors of the Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.
An address in India where the registered office of the Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.
No, you will not have to be present at our office or appear at any office for the incorporation of a Limited Company. All the documents can be uploaded online.
Legalwiz.in can incorporate a Private Limited Company in 15-20 working days. The time taken for incorporation will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy incorporation, please choose a unique name for your Company and ensure you have all the required documents prior to starting the incorporation process.
To incorporate a Company quickly, make sure the proposed name of the Limited Company is very unique. Names that are similar to an existing private limited company / limited liability partnership / trademark can be rejected and additional time will be required for resubmission of names.
Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of up to 20 years.
A limited company must hold a Board Meeting at least once in every 3 months. In addition to the Board Meetings, an Annual General Meeting must be conducted by the Private Limited Company, at least once every year.
Yes, NRIs / Foreign Nationals / Foreign Companies can hold shares of a Limited Company subject to Foreign Direct Investment (FDI) Guidelines.
100% Foreign Direct Investment is allowed in India in many of the industries under the Automatic Route. Under the Automatic Route, only a post-investment filing is necessary with the RBI indicating the nature of investment made. There are a few industries that require prior approval from the RBI, in such cases, approval must first be obtained from RBI prior to investment.
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At LegalWiz we cater to customers who are looking for a better, faster and affordable online service to register their public limited company, as per the companies Act 2013.The main benefit of a public limited company is that it grants a limited liability on its owners and management. The usual question that arises in people’s mind is that, is a limited company a public company? A limited company can either be a public limited company or a private limited company. A public limited company allows a firm to sell shares to investors, in order to generate more capital. LegalWiz.in is an online platform through which you can register your public limited company in no time. We have an efficient team of legal professionals, company secretaries and charted accountants who are always at your service to handle all the matters relating to registration of public limited company putting you and your company at ease. Formation of your public limited company can be done by following certain easy steps and by providing LegalWiz with documents that would be required for the registration of public limited company in India. We assure highest quality standard backed by 100% customer satisfaction and see to it that all the legal and administrative aspects of registration of your public limited company are taken care of. Subject matter experts are available on call or via email to answer your queries. We also provide a full spectrum of post registration services related to MSME, GST Registration, Trademark, Copyright, Accounting & Bookkeeping, Legal Drafting, Export Code registration etc. We offer services through an online model and a network of trusted affiliates across all major cities in India including Mumbai, Delhi, Ahmedabad, Pune, Bangalore, Hyderabad, Vadodara, Kolkata, Chennai, Noida, Gurgaon, Rajkot and others.