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Starting a Company?

Starting a Company?. Altavis Pvt Ltd July 2011. First Step:. Incorporation 3 types of Entities: Sole Proprietorship Partnership Public or Pvt Ltd Company. Sole Propreitership.

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Starting a Company?

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  1. Starting a Company? Altavis Pvt Ltd July 2011

  2. First Step: • Incorporation • 3 types of Entities: • Sole Proprietorship • Partnership • Public or Pvt Ltd Company

  3. Sole Propreitership A business enterprise exclusively owned, managed and controlled by a single person with all authority, responsibility and risk.

  4. Partnership It is an extension of Sole Propreitership entity. At least 2 members are required to start a partnership businessand maximum of 20.

  5. Private Ltd Co. The companies in India are governed by the Indian Companies Act, 1956. The Act defines a company as an artificial person created by law, having a separate legal entity, with perpetual succession and a common seal.

  6. Requirements for Pvt Ltd Co. • Registered Business name • Registered Office • 2-50 Shareholders • Minimum Share Capital of Rs. 100,000/- • Memorandum of Association • Articles of Association • Certificate of Incorporation

  7. Thank You

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