3.1.5.3 Company Incorporation Private Company Incorporation- Graphical Overview
Obtaining DIN and DSC
Apply for name availability in Form 1A( 6 names to be submitted)
Draft MOA and AOA
Signing of MOA and AOA by first subscribers and prescribed forms
Filing with ROC & payment of stamp duty
10 days
7-10 days
3-4 days
7-10 days
Following information is required:
1. NOC from parent company for name use
2. Board resolution and letter of authority favoring the person signing the application.
1. 2 copies of MOA / AOA 2. Name availability letter issued by ROC 3. Registration fee 4. Form 18, Form 32, Form 1 5. Consent to act as Director.
Vetting of MOA and AOA by ROC
Obtain Certificate of Incorporation
3 days
10-15 days
Figure 11 Note: A company to be incorporated as a private company must have a minimum paid up capital of ` 100,000( US $ 1,835 approximately) and a public company must have a minimum paid up capital of ` 500,000( US $ 9,160 approximately).
3.1.5.4 Intimation to the RBI
( i) Within 30 days of receiving the application money, intimation is to be made to the concerned regional office of RBI in respect of the inward bank remittance received as share application money.
( ii) The company is required to intimate the RBI within 30 days of issuing shares to the foreign investor.
( iii) RBI will issue a registration number to the company which is to be mentioned for future correspondence with the RBI i. e. while repatriating funds, etc.
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