Private ltd co. incorporation - several objects

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 July 2010 1. Can a private ltd company (to be incorporated) which would like to start 1) quarry
2) lodging business
3) restuarant
4) shopping mall business
include all the above 4 businesses in the main objects of the company?
2. CAn the company seek to ROC for a common name, say "XYZ private ltd" since there are several objects (i.e. without reflecting the main object )in its name in Form 1A .?
or
Can the company show just one business in main object and other business in other objects and carry all the 4 businesses?
3. Do we have any restriction if the entire investment is to be done by foreigners in this business?
4. Can the foreigners act as directors of the indian co.?

Rasesh

Rasesh (Expert)
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27 July 2010 1) All the businessess can be part of the main object (single clause)

2) Yes. Will not be a problem if the name is justifiable.

3) FDI caps are there in hotel, real estate etc. Verify the current FIPB guidelines (FDI policy)

4) Yes.