27 July 2013
You can specify any object in the main object clause. There is absolutely no restriction on that. The companies act doesn't prescribe any pre-requisite condition on the main object. Only one condition is that, it should not against economy, industry and general public. You can use MLM or DSC in main object
i want to know one thing more related To MLM Or direct selling Company.
Is there any other formalities to run a Direct selling Company ( like IDSA Membership). or Pvt Ltd Co. Or sales tax no. is sufficient to run this business?
08 August 2013
Dear, Can you please tell me what is the minimum Capital requirement to register a multi level marketing Pvt Ltd company or Direct selling Company? Or Is there any limit of mca to register a mlm company, like minimum 1 cr. capital required for this?
what other registration we should take to run a multi level marketing company?
08 August 2013
Companies Act does state, any capital requirement for any kind of companies. Minimum capital is 1 lac for private limited and 5 lac for public company. You can choose capital requirement as per your requirement.
CAclubindia
