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    Company Registration in India From Nigeria

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    Minuimum Requirements for Company Registration in India From Nigeria

    • Minimum 2 shareholders

    • One of the Directors must be Indian Resident

    • DSC(Digital Signature Certificate) for two directors

    • Minimum 2 Directors

    • No Minimum Authorised Share Captial

    • The directors and the shareholders can be same person

    • DIN(Director Identification number) for 2 Directors

    Types and Requirement for Company Registration in India From Nigeria

    Advantages of a Private Limited Company Formation

    Separate Legal entity

    As a juristic legal person, both the company and its members have separate legal identity that is distinct from each other.

    Perpetual Succession

    A company existence is uninterrupted, even the death or insolvency of shareholder(s)/ directors cannot affect the continuity of business of the company.

    Limited Liability

    The liability of members of a private limited company is limited to the amount of share capital remaining unpaid on the shares held by them.

    Easy transferability of ownership

    The ownership in a private limited company is easily transferable by way of transfer of shares from one member to another subject to the restriction that the total number of members of a private limited company cannot exceed 200.

    FDI Allowed

    In Private Limited Comapny, 100% Foreign Direct Investment is allowed that means any foreign entity or foregin person can directly invest in a Private Limited Company.

    Builds Cerdibility

    The particulars of the company are the available on a public database. Which improves the cerdibility of the company as it makes it easy to authenticate the details.

    Frequently Asked Questions

    • It takes around 8-10 business days to get a Company registered in India. However, the timeline may vary depending upon the structure of the Company.

    • Yes, a foreigner can register a Company in India. The only mandatory requirement is to have at least one resident director on the Board and to have a registered office in India.

       

    • Once a Company is incorporated, it will be active and in-existence until you liquidate it either by striking-off or winding up.

       

    • The minor shall not be appointed as director of the company. He needs to be over 18 years of age and must be a natural person. 

       

    • DIN is a unique identification number assigned to all existing and proposed Directors of a Company. Before a person gets appointed as a Director, he must obtain a valid DIN. DIN never expires and a person can possess only one DIN.

       

    • Digital Signature Certificate (DSC) establishes the identity of the signee electronically while filing documents. The Ministry of Corporate Affairs (MCA) mandates that e-form(s) submitted on the MCA portal are digitally signed using DSC.

    • Yes, the Directors and Shareholders can be the same.

       

    • Yes, a non-resident can become a director in an Indian Company if he possesses the required documents and one resident director is already on the board.

       

    • You can check the authenticity of companies by visiting the portal of the Ministry of corporate Affairs.(www.mca.gov.in) Go to MCA services and click on View Company or LLP Master Data to check the master data of companies. Just enter the name of the company and get the required information like CIN No., directors’ name and DIN number, Company formation date, Share capital, email address, address etc.

       

    • A company must hold a minimum of four Board Meetings every year in such a manner that not more than 120 days shall intervene between two consecutive meetings. In addition to the Board Meetings, an Annual General Meeting must be conducted at least once every year.

      Further, every Director of the Company holding a valid DIN as on 31st March of a financial year shall submit Form DIR-3 KYC with the Registrar of Companies. The above compliances are in addition to filing of Form AOC-4 and MGT-7 with the Registrar of Companies.