Private Limited

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 October 2010 Hi,
I am arun from chennai. recently me and my sister joined together and started a pvt ltd company. We are done with obtaining incorp certf,PAN,TIN etc. I dont know how to proceed now. Please help me.

haridhayalan

haridhayalan (Expert)
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26 October 2010 what exactly you are looking here? if you get the same, you can run the business. please let us know your query clearly whether you have done or yet to do?

Ankur Garg

Ankur Garg (Expert)
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26 October 2010 Kindly download sample first board meeting minutes from the link below:

1. https://www.caclubindia.com/forum/download-corporate-law-professional-files-70021.asp

This file would give some idea about initial corporate compliances.

Rgds

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Querist : Anonymous

Querist : Anonymous (Querist)

26 October 2010 Actually we have got the incorp certf,Tan and Pan. We havent conducted any board meeting till now so how to proceed with the first board meeting.?
Secondly, we have 13000 shares each with equity share of Rs.10. So how much we have to invest and start a current account.?

Ankur Garg

Ankur Garg (Expert)
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26 October 2010 Arun Ji,

Plz download the file from above link. Further you should take help of some professional firm to guide you further.

Min paid up capital for a pvt. co is Rs. 1 Lakh. You have the paid up capital of Rs. 260000 which is sufficient. Open a bank a/c of co. and deposit the amunt. Later on you may use this amt for business expenditre.

Regards

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Querist : Anonymous

Querist : Anonymous (Querist)

26 October 2010 Thank you Ankur ji. so i will invest Rs.2,60,000 and open the a/c . We are the 2 board of directors so can any one of us act as chairperson.?

Ankur Garg

Ankur Garg (Expert)
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26 October 2010 Sir your company is a private company. So legally appointment of chairman is not required. However you designate anyone of yourself as Chairman and continue the business. There is no issue at all.

Regards

Querist : Anonymous

Querist : Anonymous (Querist)

26 October 2010 Thanks again. We have already spend enough money on purchasing for the company so how do we file under the accounts without the bank account.?

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