BUSINESS GOVERNMENT INCORPORATION

YES IN INDIA BUSINESSESS ARE ALLOWED TO INCORPORATE THE TYPES OF BUSINESSESS ALLOWED TO INCORPORATE ARE
y y y y y y y y y y y

Private Limited Company Public Limited Company Unlimited Company Limited Liability Partnership Partnership Sole Proprietorship Liaison Office/Representative Office Project Office Branch Office Joint Venture Company Subsidiary Company

THE PROCEDURE FOR INCORPORATING A COMPANY Incorporation of Companies in India and setting up of branch offices of foreign corporations in India are regulated by the Companies Act, 1956. The Companies Act of 1956 sets down rules and regulations for the establishment of both public and private companies in India.

For the purpose of incorporation in India under the Companies Act, 1956, the first step for the formation of a company is the approval of the name by the Registrar of Companies (hereinafter referred as ROC) in the State/Union Territory in which the company will maintain its registered office. This approval is subject to certain conditions. For instance, there should not be an existing company by the same name. Further, the last words in the name are required to be "Private Ltd." in the case of a private company and "Limited" in the case of a Public Company. YES CORPORATIONS ARE CONSIDERED PERSONS IN INDIA.

A number of provisions put forth by the Companies Act govern the incorporation of a company and the practices by which incorporated companies must abide. Banking partnerships of 10 or more people and business partnerships involving 20 or more parties, must be registered as corporations with the Indian government. All memoranda produced by an incorporated company in India must bear the name of the corporation, the state the corporation is located in and be broken into numbered paragraphs that detail corporate activity. The government will use these memoranda for proof of incorporation and subsequent corporate activities.