As we know India is emerging as worlds most attractive destination for investment purpose due to its booming economy and great resources. Most of the industrialist want to expand their business in India. Indian government has provided the way to enter into Indian market by way of registration of various kind of registration. For setting up business in India by a NRI or Foreign citizen is Private Limited Company as per Companies Act, 2013. In case of Private Limited Registration person get lot of flexibility due to easy enter and exit of shareholders in company. A private limited company must have a minimum of two Directors and atleast one Director be an Indian Citizen and Indian Resident, while the other Board members can be of any nationality or residency.
However there are some restrictions imposed by Reserve Bank of India on FDI. In some sectors RBI has allowed 100% FDI or one can get approval through automatic route.
Ministry has waived off minimum level of capital requirement from companies. Now you can register your Private Limited Company with minimum amount of capital.
By registering Private Limited Company it opens lots of doors to companies which helps in saving cost, taxes, allowances.
In case Private Limited company transfer of equity shares is quite easy. You can easily allot or transfer shares from one person to another person.
Venture Capitals, Banks, Financial Institutions prefer to provide funding to Private Limited Companies as compare to other kind of entities.
Foreign citizen or NRI’s can also be director in Private Limited Company. A person who is NRI or foreign citizen can easily register a company in India after complying some easy norms.
A Private Limited Company is a Legal Entity separate from its directors or shareholder having right to own or sell any kind of property or rights.
It became easy, just follow these steps to get your work done