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Recently Answered Questions

I want to setup a new company in Indore, MP. We are two brothers. Do.we go ahead with an LLP or a Pvt Ltd? We have limited capital and no office.

Your choice of entity type depends on your requirements.

- In case you want to raise capital in the future or offer ESOP to any of your employees, you should go ahead with a Private Limited Company.

- In case, there is any foreigner who would want to invest in the company, a Private Limited Company is preferred.

- If you want t...


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My company incorporated in 2017 and sent for "strike off" in 2018 after filing all compliances for 2017-2018. It is under strike off on MCA do i still need to file compliance for 2018-2019.

Please check the status of the company on the MCA portal. In case it says Strike off, you do not need to file the annual returns now. However, stay alert for any communication you receive from MCA regarding the company - that will be important.

...

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Recently (a month ago), I started my firm as a sole proprietorship. How can I convert it into a private limited company?

A conversion from a proprietorship to Private Limited is not possible. You can incorporate a Private Limited Company and make it to acquire the sole proprietorship to take over its business, assets and track record. In your case, however, since its only a month old firm, I don't think an acquisition of the sole proprietorship is needed, unless there i...


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I am from Ahmedabad while my partner is from London. We want to register as startup in Ahmedabad. How can we register it? 100% of funding will be from my partner. How can we get this done.

The investment from your London based partner will be treated as FDI and depending on the sector and FDI permissible limits in that sector, your partner can invest. The answer below is with the assumption that your business is in a sector that allows 100% FDI under automatic route.

You should incorporate a private limited company with you and ...


View answer
I want to setup a new company in Indore, MP. We are two brothers. Do.we go ahead with an LLP or a Pvt Ltd? We have limited capital and no office.

Your choice of entity type depends on your requirements.

- In case you want to raise capital in the future or offer ESOP to any of your employees, you should go ahead with a Private Limited Company.

- In case, there is any foreigner who would want to invest in the company, a Private Limited Company is preferred.

- If you want t...


View answer
Recently (a month ago), I started my firm as a sole proprietorship. How can I convert it into a private limited company?

A conversion from a proprietorship to Private Limited is not possible. You can incorporate a Private Limited Company and make it to acquire the sole proprietorship to take over its business, assets and track record. In your case, however, since its only a month old firm, I don't think an acquisition of the sole proprietorship is needed, unless there i...


View answer
I am from Ahmedabad while my partner is from London. We want to register as startup in Ahmedabad. How can we register it? 100% of funding will be from my partner. How can we get this done.

The investment from your London based partner will be treated as FDI and depending on the sector and FDI permissible limits in that sector, your partner can invest. The answer below is with the assumption that your business is in a sector that allows 100% FDI under automatic route.

You should incorporate a private limited company with you and ...


View answer
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