Business entity
Kshitija
(Querist) 24 August 2012
This query is : Resolved
Hi,
We are planning to start a new business in India . I have some queries :
1. Which type of entity should be formed.
either a company or proprietary business
2. currently we are NRI. Can NRI form a Company?How many directors are required
3. Is proprietary business required to be registered?
4. What will be more beneficial whether to start business as Proprietary concern or Company
5. Can a partnership be started if one of the partner is NRI
6. What is the registration procedure for forming Company, partnership or proprietary concern
Can any lawyers firm help in registering business entity
Thanks
CA KShitija Relekar
ajay sethi
(Expert) 24 August 2012
a company has limited liabilty . if you start in your name as proprietor you will have unlimited liability . it is your choice . consult a local lawyer .
for partnership firm need a partnership deed . get it drafted by a lawyer . firm has to be regdd.
for company detailed procedure is prescribed . make an application for name approval . propspective directors must have a name registartion number . memorandum and articles of association have to be prepared and approved by Registrar , registartion fee has to be paid .
Devajyoti Barman
(Expert) 24 August 2012
The procedure is different for registration of partnership or limited company or for LLP.
If any of the members are NRI then it is ok for both Company as well as for partnership.
If you elaborate what kind of help do you need then further assistance could be provided.
