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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