Transcript PVT. LTD. CO

PRIVATE LIMITED
COMPANY
Vinay Gupta
Director
Company India Advisors Private Ltd
email: [email protected]
Mobile: +91 9818092002
http://companyindia.co.in
What is PRIVATE LIMITED
COMPANY?
A private limited company is the company, which
arranges its funds from the owners and the
relatives of the owners of the company only and
not from outsiders.
A company whose ownership is private. As a
result, it does not need to meet the strict Securities
and Exchange Commission filing requirements of
public companies.
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Requirements of setting a Private
Limited Company in India
CAPITAL REQUIREMENT
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MINIMUM MEMBERS
The minimum number requirement in
case of Private Limited Company is
TWO.
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DIRECTORS
 Who are the directors for the Private
Limited Company?
The directors are the major group of stakeholders
of the company. The directors are the persons
who handle the operations of the company.
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 QUALIFICATION SHARES
 In case there is requirement as per the AOA
for the director is bound to buy qualification
shares.
 If acts are done by the director prior to he or
she being disqualified, the acts are considered to
be valid.
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
MINIMUM NUMBER OF DIRECTORS
The minimum number of directors
for a Private Limited Company are
TWO.
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Time limit to Incorporate….
The time for incorporating a
private limited company is near
about 10-15 days…..
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How to incorporate Private Limited
Company in India?
Selection of type of the company.
Selection of name for the proposed company.
Apply for Directors Identification Number and
Digital Signatures.
Drafting of Memorandum and Articles of
Association.
Stamping, digitally signing and e-filing of
various documents with the Registrar.
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Payment of Fees.
Obtaining Certificate of Incorporation.
Preparation and filing of Prospectus/Statement lieu
of Prospectus and e-Form 19/20 (in case of public
companies) for obtaining the certificate of
commencement of business.
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NAME GUIDELINES
Company Act India specify that certain words are
important like India, Global, World, Industry etc
and authorized capital norms are difference for the
company having such special word in the name of
the company.
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The Companies Act has the
following features: Separate legal entity
 Incorporated body
 Artificial legal person
 Perpetual succession
 Limited liability
 Common seal
 Right to sue
 Right to enter in to contracts
 Flexibility of investment
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PROCEDURES…
Digital Signatures
Director Information Number
Board Meetings
Annual General Meetings
Annual Filling of Forms
Maintenance of Statutory register & Minutes
Book.
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What is Digital Signature
Certificate?
Digital Signature Certificates are
electronic format of physical signatures.
DSC can be presented electronically to
access information or services on the
Internet, to prove the identity or to sign
certain documents digitally.
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DIN (DIRECTOR’S
IDENTIFICATION NUMBER)
No person can be appointed as a Director without
getting a DIN. The compliance can be quite an
irritant for foreign residents, as all the documents
need to be notarized. If the documents are not in
English then translated version along with the
original documents need to be notarized.
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Board Meetings
Periodicity of the Board Meetings
Interval between two Board Meetings
Day of holding meeting
Time of holding Board meetings
Place for holding Board Meeting
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Board Meeting Minutes
Minutes can be classified into the following
three types on the kind of meeting to which
they relate:Minutes of Board meetings.
Minutes of meetings of committee of the board.
Minutes of General meetings.
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GENERAL MEETINGS
Periodicity of the Board Meetings
Interval between two Board Meetings
Day of holding meeting
Time of holding Board meetings
Place for holding Board Meeting
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MINUTES- Meaning
The term ‘minutes’ though not defined in the
Companies Act, 1956, may be considered as
a written record of proceedings of a
meeting of any Company duly kept in
pursuance of the law.
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AnnUAl filling Of fORmS….
 There are a number of annual forms that need
to be filed besides the annual financials.
 The information is quite detailed and talks
about shareholdings, directors, financials, etc.
 All these forms are required to be certified by
a practicing Chartered Accountant or
practicing Company Secretary.
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THANK YOU
Vinay Gupta
Director
Company India Advisors Private Ltd
email: [email protected]
Mobile: +91 9818092002
http://companyindia.co.in
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