Basic requirements to register a private limited company in Electronic City
1) In Pvt Ltd Company Registration in Electronic city There should be a minimum of two shareholders that are required to incorporate the process of a Private Limited Company in India. The shareholders can either be a Non- Resident Indian or a foreign company.
2) There should be a Minimum of two directors that are required out of whom one should be a citizen in India. Please note that the requirement is a citizen of India, Not an Indian National, which means a foreign national who is a resident of India is eligible. Indian Resident means any individual who is staying in India for more than 182 days in the past calendar year.
3) Foreign investments are allowed in that Particular Industry.
4) After the company is made and bank account should be opened. The foreign investment which starts his firm in India needs to be reported to the Reserve Bank of India (RBI).
Documents that are required to register a private limited Company Firm:
In Pvt ltd registration consultants in Electronic city if your keen on registering a fully owned subsidiary, then we need the holding documents of the company
Foreign Company Documents:
The registration certificate of that foreign company
Memorandum and Articles of that foreign company
A board that will Authorize the foreign company which helps investing in India
[all the above documents need to be self-attested, public notary and apostle]
Foreign Director
Passport
Utility Bill
Driver’s License
4 each Passport Size photographs for directors are required
[all the above documents need to be self-attested, public notary and apostle]
Indian Resident Director:
Pan copy is necessary and compulsory for the Indian Resident
ID Proof – Driver’s License/Voter’s ID/Passport
Address Proof – Telephone Bill/Bank statement
[all the above documents need to be self-attested and by Bank Manager/Gazetted Officer]
Registered Office documents:
Address Proof of place of business either Electricity Bill or Water Bill with complete address
No Objection Letter from the proprietor of the office
It will not take more than 20 -25 working days to complete the registration process.
FDI Reporting to Reserve Bank of India:
In pvt ltd registration service provider in Electronic city Every time a foreign company or a foreign individual will invest the money in India by investing in an existing business or starting a Private Limited Firm. FDI will be reporting to the Foreign Exchange management department or RBI which is very much mandatory.
The foreign company or foreign national who are investing in the Indian Private limited company will be transferring the funds from the foreign currency to the Indian Bank account. While doing the bank transfer, you will have to select the purpose code as “Equity Investment or Investment” or anything related.
Once the funds reach the Indian bank, the bank will acknowledge a Foreign Inward Remittance Certificate (FIRC). With this acknowledgment, we can do FC-GPR filing with RBI.
Advance reporting should behave to filed before 30 days from the date of receipt of the funds, and FC-GPR filing has to be done before 60 days from the date of receipt of funds.
How to Apply for PRIVATE LIMITED COMPANY in Electronic City?
Do you want to get an PRIVATE LIMITED COMPANY Services in Karnataka? then we are here to help you, we are the top company incorporation service provider in Bangalore. feel free to send your inquiry to info@consultry.in or feel free to contact: 7975187793 or visit https://www.consultry.in/
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