8 Things To Know Before Starting A Private Limited Company In Delhi |
Posted: February 17, 2020 |
Nowadays, a mammoth 93% of companies are private limited in India. Therefore, there are some strict rules and provisions set by the government that a private company needs to adhere to. If thinking about how to register a private limited company in India, consider the following points before going ahead with your plan: The feasibility of your businessDelhi, being the capital of the country, has some unique provisions that you must know:
The tax that you would have to payEvery commercial organization has to pay certain taxes to the government to run their business. Apart from state tax, you might also have to pay road tax if your goods are transported from outside Delhi. The name of your companyBefore asking about how to register a company in India, you should decide on a name for your company. You need to choose a unique name for your firm. Also, ensure that it doesn't violate any of the provisions mentioned in the Prevention of Improper Use Act, 1950. The registered address of your companyYou need to have a fixed address where official mails or any communication can be sent. The address can be an office address, a residential location, or simply any permanent address. This registered address can be changed at any stage later on. The number of company officialsIt is mandatory to have at least two officials in your team to start a private limited company. Along with finding out about how to register a company in India, ensure that all the officials of your company have proof of their nationality and their residence. The share structure and shareholdersA defined share structure is compulsory before going on the 'how to register a private limited company in India' quest. Decide who all will be holding the shares in your company. Legally, a company requires at least two shareholders. The AOA and MOAThe associates of the article and the memorandum of association are the two most important documents of any private limited company. The AOA acts as a 'rule book' and contains the internal terms and conditions of the company. It gives information about the director's powers, shareholders, voting rights, etc. MOA, on the other hand, is your license to form your own company. Restrictions on transferability of sharesThe share transfer is one of the business requirements for certain companies. If you are planning to do something like this shortly, then you need to consider a few things. You must do some research about the restrictions imposed by the Indian laws on a joint venture or collaboration regarding your business.
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