Selecting the type of Company in canadian company registration in india-
According to FEMA guidelines, Foreign Direct Investment (FDI) is not allowed in case of Proprietorship, Partnership Firm and canadian company registration in india. Though investment in LLP’s is allowed, but it requires prior approval of the RBI. and canadian company registration in india.
Hence, the easiest and fastest way set up a business in canadian company registration in india by NRI’s and Foreign Nationals/entities is through canadian company registration in india.
Minimum requirements canadian company registration in india-
- Capital: There is no minimum capital required to form a canadian company registration in india.
- Directors: Minimum two directors are required to canadian company registration in india. Both should be individuals and at-least one of whom should be a resident of canadian company registration in india. (A resident of India is a person who has stayed in India for at-least 182 days in the previous year).
- Shareholders: Companies Act, 2013 requires that a canadian company registration in india have a minimum of two shareholders. There is no condition for residential status of shareholders. Shareholders can be either individuals or entities or a combination of both for canadian company registration in india.
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