How many persons are required to start a proprietary concern? A sole-proprietorship concern shall be set up by an Individual. If more than one person wants to start a business, they have to choose among other options such as partnership firm, limited liability partnership (LLP) or a company. Where ...
Read More »Setting up of Private Limited Company
How many people are required to start a private limited company? There should be at least 2 people to start a private company in India. Should both of them be Indians? Not necessary. Even foreign nationals or only foreign nationals can also start a company in India. Whether ...
Read More »Various options available to set up a business in India.
Setting up a business in India: One can set up a business in the form of a proprietary concern, a partnership firm, a limited liability partnership, one person company or a private limited company. Let’s understand the various options available to set up a business in India. What are ...
Read More »Who can form One Person Company- OPC
1. How many persons are required to start a One Person Company (OPC) As the name suggests, OPC shall be set up by an Individual person. No company or a firm can start OPC 2. Where to register OPC? OPC is governed under the regulations of Ministry of Corporate Affairs ...
Read More »Setting up a Limited Liability Partnership (LLPs)
1. How many people are required to start a limited liability partnership (LLP) There should be a minimum of 2 people to start an LLP 2. How much time does it take to set up an LLP? It takes around 15-20 working days to set up an LLP. The setting ...
Read More »Setting up Branch Office of a Foreign Company
A foreign company has to set up either a private company or a branch office in India. Setting up a branch in India requires an approval from Reserve Bank of India (RBI) Where to apply for getting branch office license in India? Foreign companies/entities desirous of setting up of ...
Read More »Ways to make long partnerships
In the early 90s, I was conducting an audit of a retail shop at JC road. It was a firm owned by two partners. The partners never had separate cabins; both of them were sitting side by side using two medium sized tables. Many times I thought to myself, ...
Read More »Setting up subsidiary of foreign company in India
Mr. Gary an Industrialist, one day called me from US. He wanted to avail our services for setting up a wholly owned subsidiary Company in India. Through the conversation with him I understood that he had made enough research about setting up a wholly owned subsidiary Private Limited Company. ...
Read More »How to start a private limited company
Mr. Mahesh an IT professional along with his colleague Mr. Bhupathi visited our office seeking our services in setting up a private limited company. Though they had read (in internet) about setting up a company, they wanted to know the entire process from us. When I asked, they said “The ...
Read More »Ease of doing business in India
As per World Bank Report India ranks 142 out of 189 countries for ease of doing business. I have already written an article about one section of this report ‘ease of starting a business in India’. The Prime Minister’s Office (PMO) has listed out 36 steps to be undertaken ...
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