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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 ...
Wazzeer Professional Network
ProfessionalI 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.
-
Wazzeer Professional Network
ProfessionalThe 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 your partner as shareholders. The percentage of holding should be as per your understanding. Please note that both of you will have to contribute to the intial paid up capital of the company as per your holding. In case you do not want to contribute a high amount, you can keep the paid up capital low.
Once the company is incorporated, your partner can invest money in the company at a higher valuation. The company will issue him shares for this investment at a premium. You will have to adhere to the funding compliances for this.
You can reach out to us in case you need help on this or have further queries.
10 months ago
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.
-
Wazzeer Professional Network
ProfessionalThe 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 your partner as shareholders. The percentage of holding should be as per your understanding. Please note that both of you will have to contribute to the intial paid up capital of the company as per your holding. In case you do not want to contribute a high amount, you can keep the paid up capital low.
Once the company is incorporated, your partner can invest money in the company at a higher valuation. The company will issue him shares for this investment at a premium. You will have to adhere to the funding compliances for this.
You can reach out to us in case you need help on this or have further queries.
10 months ago
It is not mandatory to operate your active business from your registered office. In fact, you can operate your business from any (and multiple) location in India. However, you will have to take the necessary registrations in that state - Shops & Establishment, Professional Tax, GST etc. Your place of business will be Mumbai in your case.
G...
W Network
caFor an LLP, is it important to run business only from registered office? What if one partners stays in a different state and runs operations from there?
We stay in Mumbai. My parents stay at Sahibganj (Jharkhand). If we float an LLP with my wife and mother as partner and have our home in Jharkhand as registered address, how will it impact my wife in her ability to work from Mumbai. The business would be that of an e-commerce seller (she will sell her own handicrafts as well as materials purchased from others vendors). Can she run all operations from Mumbai while the registered office is in Jharkhand? Also, will that have GST implicatications? Suppose we procure some apparels at Mumbai address and then sell the same within Maharashtra? Will be considered a Intra-State or inter-State because the company is actually registered in Jharkhand. Thanks for your help.
-
W Network
caIt is not mandatory to operate your active business from your registered office. In fact, you can operate your business from any (and multiple) location in India. However, you will have to take the necessary registrations in that state - Shops & Establishment, Professional Tax, GST etc. Your place of business will be Mumbai in your case.
GST registration (along with the others applicable) in Mumbai will enable you to purchase the goods there and supply anywhere in India. You will have to charge GST (IGST/ SGST and CGST) accordingly.
11 months ago
View answer
For an LLP, is it important to run business only from registered office? What if one partners stays in a different state and runs operations from there?
We stay in Mumbai. My parents stay at Sahibganj (Jharkhand). If we float an LLP with my wife and mother as partner and have our home in Jharkhand as registered address, how will it impact my wife in her ability to work from Mumbai. The business would be that of an e-commerce seller (she will sell her own handicrafts as well as materials purchased from others vendors). Can she run all operations from Mumbai while the registered office is in Jharkhand? Also, will that have GST implicatications? Suppose we procure some apparels at Mumbai address and then sell the same within Maharashtra? Will be considered a Intra-State or inter-State because the company is actually registered in Jharkhand. Thanks for your help.
-
W Network
caIt is not mandatory to operate your active business from your registered office. In fact, you can operate your business from any (and multiple) location in India. However, you will have to take the necessary registrations in that state - Shops & Establishment, Professional Tax, GST etc. Your place of business will be Mumbai in your case.
GST registration (along with the others applicable) in Mumbai will enable you to purchase the goods there and supply anywhere in India. You will have to charge GST (IGST/ SGST and CGST) accordingly.
11 months ago
Addition of a director in a company is a straightforward process. The only thing you need to check is that the Director in question must not have been disqualified by the MCA (they did that to quite a few individuals who were directors in companies not meeting their compliance requirements).
You will need to share the DIN, in case the director...
W Network
caProcess of New Director Appointment in a PVT LTD Company in India
I already have a 3 year old pvt ltd company in india registered in Delhi.
-
W Network
caAddition of a director in a company is a straightforward process. The only thing you need to check is that the Director in question must not have been disqualified by the MCA (they did that to quite a few individuals who were directors in companies not meeting their compliance requirements).
You will need to share the DIN, in case the director has that else his identity and address proof documents with us or any CS. The rest of the process can be done by us.
Please note that if the dirctor is a foreigner, the documents will need to be notarized and apostilled in their country.
11 months ago
View answer
Process of New Director Appointment in a PVT LTD Company in India
I already have a 3 year old pvt ltd company in india registered in Delhi.
-
W Network
caAddition of a director in a company is a straightforward process. The only thing you need to check is that the Director in question must not have been disqualified by the MCA (they did that to quite a few individuals who were directors in companies not meeting their compliance requirements).
You will need to share the DIN, in case the director has that else his identity and address proof documents with us or any CS. The rest of the process can be done by us.
Please note that if the dirctor is a foreigner, the documents will need to be notarized and apostilled in their country.
11 months ago
Yes. Anyone (Indian or otherwise) can start a company in India as long as their business does not violate any law in the country. To start a company, you would need the following (rest of the paperwork can be done by us or any CA/ CS you hire):
- At least one resident Indian as a director in the company
- A registerd office in India.
W Network
caCan a non indian start a company in india?
-
W Network
caYes. Anyone (Indian or otherwise) can start a company in India as long as their business does not violate any law in the country. To start a company, you would need the following (rest of the paperwork can be done by us or any CA/ CS you hire):
- At least one resident Indian as a director in the company
- A registerd office in India.
- Your passport, address proof, recent utility bills along with incorporation documents notarized and apostilled in your country
11 months ago
View answer
Can a non indian start a company in india?
-
W Network
caYes. Anyone (Indian or otherwise) can start a company in India as long as their business does not violate any law in the country. To start a company, you would need the following (rest of the paperwork can be done by us or any CA/ CS you hire):
- At least one resident Indian as a director in the company
- A registerd office in India.
- Your passport, address proof, recent utility bills along with incorporation documents notarized and apostilled in your country
11 months ago
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 ...
Wazzeer Professional Network
ProfessionalI 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.
-
Wazzeer Professional Network
ProfessionalThe 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 your partner as shareholders. The percentage of holding should be as per your understanding. Please note that both of you will have to contribute to the intial paid up capital of the company as per your holding. In case you do not want to contribute a high amount, you can keep the paid up capital low.
Once the company is incorporated, your partner can invest money in the company at a higher valuation. The company will issue him shares for this investment at a premium. You will have to adhere to the funding compliances for this.
You can reach out to us in case you need help on this or have further queries.
10 months ago
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.
-
Wazzeer Professional Network
ProfessionalThe 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 your partner as shareholders. The percentage of holding should be as per your understanding. Please note that both of you will have to contribute to the intial paid up capital of the company as per your holding. In case you do not want to contribute a high amount, you can keep the paid up capital low.
Once the company is incorporated, your partner can invest money in the company at a higher valuation. The company will issue him shares for this investment at a premium. You will have to adhere to the funding compliances for this.
You can reach out to us in case you need help on this or have further queries.
10 months ago
It is not mandatory to operate your active business from your registered office. In fact, you can operate your business from any (and multiple) location in India. However, you will have to take the necessary registrations in that state - Shops & Establishment, Professional Tax, GST etc. Your place of business will be Mumbai in your case.
G...
W Network
caFor an LLP, is it important to run business only from registered office? What if one partners stays in a different state and runs operations from there?
We stay in Mumbai. My parents stay at Sahibganj (Jharkhand). If we float an LLP with my wife and mother as partner and have our home in Jharkhand as registered address, how will it impact my wife in her ability to work from Mumbai. The business would be that of an e-commerce seller (she will sell her own handicrafts as well as materials purchased from others vendors). Can she run all operations from Mumbai while the registered office is in Jharkhand? Also, will that have GST implicatications? Suppose we procure some apparels at Mumbai address and then sell the same within Maharashtra? Will be considered a Intra-State or inter-State because the company is actually registered in Jharkhand. Thanks for your help.
-
W Network
caIt is not mandatory to operate your active business from your registered office. In fact, you can operate your business from any (and multiple) location in India. However, you will have to take the necessary registrations in that state - Shops & Establishment, Professional Tax, GST etc. Your place of business will be Mumbai in your case.
GST registration (along with the others applicable) in Mumbai will enable you to purchase the goods there and supply anywhere in India. You will have to charge GST (IGST/ SGST and CGST) accordingly.
11 months ago
View answer
For an LLP, is it important to run business only from registered office? What if one partners stays in a different state and runs operations from there?
We stay in Mumbai. My parents stay at Sahibganj (Jharkhand). If we float an LLP with my wife and mother as partner and have our home in Jharkhand as registered address, how will it impact my wife in her ability to work from Mumbai. The business would be that of an e-commerce seller (she will sell her own handicrafts as well as materials purchased from others vendors). Can she run all operations from Mumbai while the registered office is in Jharkhand? Also, will that have GST implicatications? Suppose we procure some apparels at Mumbai address and then sell the same within Maharashtra? Will be considered a Intra-State or inter-State because the company is actually registered in Jharkhand. Thanks for your help.
-
W Network
caIt is not mandatory to operate your active business from your registered office. In fact, you can operate your business from any (and multiple) location in India. However, you will have to take the necessary registrations in that state - Shops & Establishment, Professional Tax, GST etc. Your place of business will be Mumbai in your case.
GST registration (along with the others applicable) in Mumbai will enable you to purchase the goods there and supply anywhere in India. You will have to charge GST (IGST/ SGST and CGST) accordingly.
11 months ago
Yes. Anyone (Indian or otherwise) can start a company in India as long as their business does not violate any law in the country. To start a company, you would need the following (rest of the paperwork can be done by us or any CA/ CS you hire):
- At least one resident Indian as a director in the company
- A registerd office in India.
W Network
caCan a non indian start a company in india?
-
W Network
caYes. Anyone (Indian or otherwise) can start a company in India as long as their business does not violate any law in the country. To start a company, you would need the following (rest of the paperwork can be done by us or any CA/ CS you hire):
- At least one resident Indian as a director in the company
- A registerd office in India.
- Your passport, address proof, recent utility bills along with incorporation documents notarized and apostilled in your country
11 months ago
View answer
Can a non indian start a company in india?
-
W Network
caYes. Anyone (Indian or otherwise) can start a company in India as long as their business does not violate any law in the country. To start a company, you would need the following (rest of the paperwork can be done by us or any CA/ CS you hire):
- At least one resident Indian as a director in the company
- A registerd office in India.
- Your passport, address proof, recent utility bills along with incorporation documents notarized and apostilled in your country
11 months ago
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