Legal Question in Business Law in Indiana

start a new company

I would like to start a new silver jewellery company under Hindu undivided family business,please tell me the critaria to start up a business.

Thank you


Asked on 2/18/09, 10:07 am

4 Answers from Attorneys

Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: start a new company

You may need to contact a local sales tax lawyer to lead through the process.

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Answered on 2/18/09, 10:08 am
Vishnu Langawat Vishnu Langawat & Associates

Re: start a new company

In India, business can be carried on by different types of legal entities like (a) Proporietorship concern (b) partnership firm(c) company incorporated under Companies Act, 1956. To incorporate a private limited company under the provisions of the Companies Act, 1956, minimum critaria is (1) there should be at least two members and (2) minimum capital of Rs.1 Lakhs. The process of incorporation of a company starts from filing an application for availability of proposed name and ends with issuance of the Certificate of incorporation.

Hope the above answer your query. Please revert back to us for any further information or clarification in this connection

Regards

Vishnu Langawat

[email protected]

DISCLAIMER:

Please note that opinion and view is provided for academic purposes only. It is not intended to provide legal advice and should not be relied upon in that respect. You should not act or rely on the answer without seeking proper advice of a qualified professional.

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Answered on 2/18/09, 12:48 pm
Pranav Desai PD Legal & Associates

Re: start a new company

There is no specific crieteria for starting a business under HUF. You have to decide whether you would like to start the same as a proprietorship, partnership or company. Once decided you may have to obtain mandatory registration under the local and nationals laws

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Answered on 2/18/09, 1:31 pm
Pranav Desai PD Legal & Associates

Re: start a new company

There is no specific crieteria for starting a business under HUF. You have to decide whether you would like to start the same as a proprietorship, partnership or company. Once decided you may have to obtain mandatory registration under the local and nationals laws

Read more
Answered on 2/18/09, 1:31 pm


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