What is the difference between a private limited company and an LLP?
A private limited company has a separate legal identity and limited liability
for its shareholders, whereas an LLP combines elements of both partnerships and
corporations, offering flexibility in management with limited liability for partners.
How long does it take to register a company?
The registration process typically takes 7-15 days, depending on the
completeness of documentation and regulatory approvals.
What are the essential documents required for company registration?
Key documents include identity proof (PAN, Aadhaar), address proof, utility
bills, passport-sized photographs, and proof of the registered office address.
Is it necessary to have a physical office for company registration?
Yes, a registered office address is mandatory for official communications, but
virtual offices may be allowed in certain jurisdictions.
Can a foreign national or an NRI start a company in India?
Yes, foreign nationals and NRIs can register a company in India, but they may
need to comply with Foreign Direct Investment (FDI) regulations.
What is the minimum capital requirement to start a company?
There is no mandatory minimum capital requirement for a private limited
company or LLP; businesses can start with a nominal capital amount.
Do I need to hire a lawyer for company formation?
While not mandatory, legal guidance ensures proper compliance with laws and
prevents future legal issues.
What are the post-registration compliance requirements?
Companies must file annual returns, maintain statutory registers, conduct
board meetings, and comply with tax regulations.
Can I convert my partnership firm into a private limited company?
Yes, a partnership firm can be converted into a private limited company by
following the prescribed legal procedure.
How can I change the registered office address of my company?
Companies can change their registered address by filing the necessary forms
with the MCA and updating statutory records.
