COMPANY
FREQUENTLY ASKED QUESTIONS (FAQs)
Starting a company through NeedALawyer is very simple. What is required is PAN card of the promoters, address proof and bank statement copies of promoters along with the address proof for the registered office address. If all the documents are available, company can be started in 10 to 15 days.
A minimum of two people are required to act as directors and shareholders to register a private limited company. While directors must be natural persons the shareholders can be natural persons as well as corporate entities. Further, a registered office address is also required for company registration.
In normal course a private limited company is registered in 10 to 15 days. However, the time would vary on case to case basis depending on government processing time.
Any person can become a director for a company who is over the age of 18 years, also there is no restrictions on residency or citizenship of the intended director so NRIs and foreign nationals can easily start and manage a private limited company in India.
Yes, an NRI or Foreign National can become a Director in a Private Limited Company. They can get a DPIN from Indian ROC. Also, they can be a majority shareholder in the company. But, at least one Director on the Board of Directors must be an Indian Resident.
NeedALawyer provides name search operation to search for the available company names in India. We just provide available choices based on identical names already registered. Government could still reject a name based on test of similarity.
Yes, an NRI or Foreign National can become a Director in a Private Limited Company. They can get a DPIN from Indian ROC. Also, they can be a majority shareholder in the company. But, at least one Director on the Board of Directors must be an Indian Resident.
The entire procedure is 100% online and you don’t have to be present at our office or any other office for incorporation. A scanned copy of documents has to be sent via mail. You will get the company incorporation certificate from MCA via courier at their business address.
Limited liability in general means that the liability of shareholders is limited to the amount that the shareholder has invested in the company. Common misunderstanding assumes that limited liability means that shareholders are not liable for anything that happens in the business, but this is not true. "Limited liability" does not mean "no liability," and the shareholders can be held liable in some circumstances.
Authorised capital is the maximum value of equity shares that can be issued by a company. On the other hand, paid up capital is the amount of shares issued by the company to shareholders. Authorised capital can be increased after incorporation at any time to issue additional shares to the shareholders.
There is absolutely no other payment our charges are inclusive of everything. We will send you an invoice with no hidden charges.