Funding is crucial for a developing firm; most banks, financial institutions, and angel investors prefer to back corporations. PROUDFILER can help you form a limited liability company.
Most Indian businesses are organised as Private Limited Companies, a special type of company recognised by Indian law. The Ministry of Corporate Affairs regulates the process of forming private limited companies in India.
How to Form a Private Limited Company:
When forming a Private Limited Company, at least two individuals must serve as Directors and stockholders. A private limited company’s shareholders might be either corporations or individuals. Each company must have at least one local and Indian citizen Director.
A private limited corporation may have Directors and shareholders who are either foreign entities or foreign nationals. Since a company receiving FDI can have directors and shareholders that aren’t citizens of the country where the business is based, this opens the door for international corporations and NRIs. Thus, foreign founders like establishing a firm as their entrance point into India.
