Company Registation Company Registation

4 years ago

My friend and I want to form a company and we have the following situation: he is in the UK(a foreign national) and I am in India. We considered the following options. My friend is to have majority stake in this company(above 51%).

1. He forms a company in the UK and registers us both as directors. However, in that case; to start financial transactions in India we would have to register this foreign company in India.
2. He forms it in the UK and I form another company in India. We assign some shares of the UK company to the company in India. In this case, my question is what kind of legal entity should I register in India(OPC/Pvt. Ltd./any other option).
3. We form the company in India itself(Pvt. Ltd.). In this case, are there any issues with the foreign director having majority stake? Startup India offers some schemes tax schemes also, will they be applicable in this case?

For (1) and (2), what sort of compliance has to be carried out?
We want to find the best kind of structure that is suited for our case.

Kishan Dutt Kalaskar

Responded 4 years ago

View All Answers
A.Dear Sir,
You may take effective advise in person with a lawyer as well as a chartered accountant.

Please contact me through the administrators of this website.
Helpful
Helpful
Share

Post Your Matter Post Your Matter

Talk to a Lawyer Talk to a Lawyer

Ask a question Ask a question

Vidhi Samaadhaan Vidhi Samaadhaan

Read Related Answers

question iconAdvance money not refunded - Import
Dear Client, There are currently four methods of dispute settlement in international trade: negotiation, mediation commercial arbitration, and court. In international dispute resolution, negotiation i...
question iconInternational Lawyer
Dear client, Transitioning from a physics undergraduate to a career in international law is possible, but it will require careful planning and dedication. Here are the necessary steps you can take:...
question iconHow to marry and shift to Canada if criminal case pending
Dear client Is there a y travel restrictions put on in bail conditions. If not then you can travel but then you have to keep your lawyer, police and the court informed about it. Also you need to come...
question iconNRI Wing can track travel history through passport number
Dear Sir, The NRI wing may not help you because it is your personal case and you have to your own homework to find out the present location of your husband.
question iconRevokation of rustication
Dear Client We are not the university representatives hence we can not say that yes they will do it but as per the general logic if the fees are paid then they can relook into this. Also understand on...