Business Registration & Company Formation Services in India

MINIMUM DIRECTORS for Equity Based only

• A minimum of 2 Directors is mandatory for every Private Limited Company
• Directors can be Indian/foreign nationals. However one of the directors of the company shall have to be resident in India for a period of not less than 182 days in the previous calendar year.

BANKING for Equity and Non Equity Based

• Involves extensive documentation to comply with Know Your Client (KYC) norms of the RBI.
• Servcorp has established relationship with most Indian and Foreign banks and will coordinate with the bankers of your choice to seamlessly open your account.

INCORPORATION OF A LLP

• Approval of FIPB will be required to be obtained for the purpose of any form of foreign investment (whether direct or indirect) in a LLP.
• An LLP, existing or new, operating in sectors/activities where 100% foreign direct investment (FDI) is allowed under the automatic route of FDI Scheme would be eligible to receive FDI.
• It may be noted that a person resident outside India or an entity incorporated outside India shall be an eligible investor for the purpose of FDI in LLPs. However, this would exclude citizens and entities of Pakistan and Bangladesh, SEBI registered Foreign Institutional Investor, Foreign Venture Capital Investor, Qualified Foreign Investor or a foreign portfolio investor as per the new regulations.
• Atleast 2 persons (natural or artificial) are required to form a LLP.
• Every LLP is required to have atleast 2 designated partners(i.e. partner who is designated by the incorporation documents or the LLP Partnership Agreement) and atleast one of them shall be a resident in India for a period of not less than 182 days in the previous calendar year.
• In case a body corporate is a partner in a LLP, then an individual who is a nominee of the body corporate shall act as the designated partners.