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What is the procedure to start up a company
27-May-2023 (In Corporate Law)
I want to start my own work, by opening a company which will give some services to public, like as food,plumber,car etc on order. I want everything in legal way,so tha no problem would occer in future. but i dont know how to open the company.what is the procedure for it. and whether i need to open a pvt ltd. or public ltd. and what does it mean. and whether i would be supported by START UP INDIA or not. please guide me.
Hi! The space here is too less to discuss and explain you everything. I will strongly advice that you have a chat woh a lawyer in this regard. You can speak with me or let me k ow if you would like to meet.
Briefly put, you will have to set up a private linked company here. You are absolutely right in your approach that your start up must be legally tight. It appears you want to set up a portal o. The lines of urban clap.
All the best!
Briefly put, you will have to set up a private linked company here. You are absolutely right in your approach that your start up must be legally tight. It appears you want to set up a portal o. The lines of urban clap.
All the best!
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Adv. Mansi Airi Gambhir
Delhi | 25+ Answers
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Dear, you need to hire an advocate who will provide you correct path. You will have to open Pvt. Ltd Company only. There is a specific procedure for opening a company which can be informed you in private. Also to protect your intellectual properties you need to consult advocates who can assist you. You will certainly be supported by Start up initiative if you fulfill all the cafeterias. If you wish you can consult us we shall inform you the procedure, the documents, the timeline, the fees and other requirements for your company.
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Adv. Ankit Chaturvedi
Delhi | 25+ Answers
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Yes, there is a proper procedure to incorporate a company which is not very cumbersome and the entire process ( from obtaining DIN to incorporation) may take total time span of around two weeks.
Intially it's advisable, considering your business, to open a private limited company which requires atleast 2 members and capital of Rs 1 lakh.
Once the business grow then it may be converted into a public limited company (public limited companies are subject to more regulation and compliances as compared to private limited companies)
As far as getting support from start up India initiative, it's better to discuss things in more detail to evaluate the possibility of getting start up India support.
Intially it's advisable, considering your business, to open a private limited company which requires atleast 2 members and capital of Rs 1 lakh.
Once the business grow then it may be converted into a public limited company (public limited companies are subject to more regulation and compliances as compared to private limited companies)
As far as getting support from start up India initiative, it's better to discuss things in more detail to evaluate the possibility of getting start up India support.
Helpful?
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Adv. Vivek Pathak
Delhi | 25+ Answers
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