ÿþ<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" /> <title>Indo European Business Forum</title> <link href="css/iebf.css" rel="stylesheet" type="text/css" /> <!--Script For dropdown menus --> <link href="css/ddsmoothmenu.css" rel="stylesheet" type="text/css" /> <script type="text/javascript" src="js/jquery.min.js"></script> <script type="text/javascript" src="js/ddsmoothmenu.js"> /*********************************************** * Smooth Navigational Menu- (c) Dynamic Drive DHTML code library (www.dynamicdrive.com) * This notice MUST stay intact for legal use * Visit Dynamic Drive at http://www.dynamicdrive.com/ for full source code ***********************************************/ </script> <script type="text/javascript"> ddsmoothmenu.init({ mainmenuid: "smoothmenu1", //menu DIV id orientation: 'h', //Horizontal or vertical menu: Set to "h" or "v" classname: 'ddsmoothmenu', //class added to menu's outer DIV //customtheme: ["#1c5a80", "#18374a"], contentsource: "markup" //"markup" or ["container_id", "path_to_menu_file"] }) </script> <!--Script For dropdown menus --> <script type="text/javascript" src="js/fadeslideshow.js"> /*********************************************** * Ultimate Fade In Slideshow v2.0- (c) Dynamic Drive DHTML code library (www.dynamicdrive.com) * This notice MUST stay intact for legal use * Visit Dynamic Drive at http://www.dynamicdrive.com/ for this script and 100s more ***********************************************/ </script> <link href="css/contentslider.css" rel="stylesheet" type="text/css" /> <script type="text/javascript" src="js/contentslider.js"> /*********************************************** * Featured Content Slider- (c) Dynamic Drive DHTML code library (www.dynamicdrive.com) * This notice MUST stay intact for legal use * Visit Dynamic Drive at http://www.dynamicdrive.com/ for this script and 100s more ***********************************************/ </script> </head> <body> <table width="1002" border="0" align="center" cellpadding="0" cellspacing="0"> <tr> <td><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="11"><img src="images/tl.jpg" alt="" /></td> <td class="top"><img src="images/dot.gif" alt="" width="1" height="1" /></td> <td width="11"><img src="images/tr.jpg" alt="" /></td> </tr> <tr> <td class="left">&nbsp;</td> <td> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <!--Header part --> <tr> <td><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td align="right" class="blackbg white11 datepad"> <span><strong> <a href="#" style="text-decoration: none; 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float:left;" height="100" width="100" /></p></td></tr><tr><td> <font style="text-align:justify"> <table border="1"> <tr><b><td>DESCRIPTIONS</td><td>PRIVATE COMPANY</td><td>PUBLIC COMPANY</td></b></tr> <tr><td>Governing Laws </td><td>Companies Act, 1956</td><td>Companies Act, 1956SEBI Act, 1992 and allied laws.</td></tr> <tr><td>Incorporation Time </td><td>2 to 3 weeks</td><td>2 to 3 weeks</td></tr> <tr><td>Definition</td><td>Which is by its article restricts: a. Numbers of members 50 b. Transfer of shares c. Invitation of public to subscribe its debenture, shares etc. d. Acceptance of deposits from person other than its shareholders and directors</td><td>Which is not * private</td></tr> <tr><td>Minimum No. of Shareholders </td><td>2 (Two)</td><td>7 (Seven)</td></tr> <tr><td>Maximum No. of shareholders </td><td>50 (Fifty)</td><td>No limit</td></tr> <tr><td>Minimum Paid up Capital </td><td>INR 1,00,000/-</td><td>INR 5,00,000/-</td></tr> <tr><td>Transferability of Shares </td><td>Restricted</td><td>Freely. If company is listed then through stock exchange(s)</td></tr> <tr><td>Public Reporting </td><td>Registrar of Companies (ROC)</td><td>Registrar of Companies (ROC), Regional Director, Central Government, SEBI & Stock Exchange, if the company is listed. </td></tr> <tr><td>Statuary Meeting </td><td>No</td><td>Yes, (not earlier than one month and not later than six month from the date of commencement of business). Once in life time.</td></tr> <tr><td>Annual General Meeting </td><td>Yes (with in six month from closing of accounting Year) i.e. before 30th September of that year</td><td>Yes (with in six month from closing of accounting Year) i.e. before 30th September of that year </td></tr> <tr><td>Extraordinary General Meeting </td><td>Any time</td><td>Any time </td></tr> <tr><td>Board Meeting </td><td>4 (Once in each quarter)</td><td>4 (Once in each quarter)</td></tr> <tr><td>Buy Back of shares </td><td>Yes</td><td>Yes, If company is listed then Guideline of SEBI is applicable</td></tr> <tr><td>Min No. of Directors </td><td>2</td><td>3</td></tr> <tr><td>Whether a Foreigner can be Director </td><td>Yes </td><td>Yes </td></tr> <tr><td>Whole Time Director/ Managing Director: Appointment </td><td>Appointment not compulsory and No restriction on appointment </td><td>Appointment not compulsory If paid up capital < Rs. 5 croresAppointment Compulsory If paid up capital => Rs.5 crores</td></tr> <tr><td>Whole Time Director/ Managing Director: Remuneration </td><td>No restriction</td><td>As per schedule XIII, otherwise permission of Central Government.</td></tr> <tr><td>Whether a Foreigner can be Managing Director / WTD </td><td>Yes</td><td>With the approval of Central Government</td></tr> <tr><td>Loan to Director etc. </td><td>4 (Once in each quarter)</td><td>With the previous approval of Central Government</td></tr> <tr><td>Contracts with Director etc. </td><td>Yes</td><td>With the consent of Board, If paid up capital of the company is One Crore or more, approval of Central Govt. is necessary</td></tr> <tr><td>Loan, Investment & Guarantee by the company </td><td>No restriction </td><td>With some restriction </td></tr> </table> <br /> <br /> </p></td> </tr> <tr> <td align="center"><b>Incorporation, procedure, requirements, costs, time for above</b></td></tr> <tr><td>In India Company can be incorporated either as a Private Limited or Public Limited. The incorporation procedure all over India is same. One has to submit to the Registrar of Companies (ROC) along with the application for incorporation, the Memorandum and Articles of Association in addition to other necessary prescribed documents. The Memorandum of Association stipulates the constitution and objects of the company. The Articles of Association contains the rules and regulations of the company for the management of its affairs. After examining the documents the Registrar of Companies approves the name of the company and thereafter issues a Certificate of Incorporation. Thereafter a private company becomes entitled to commence its business and a public company after obtaining the certificate of commencement of business from ROC. </td></tr> <tr><td>The procedure for incorporating a company in India is as under <ol> <li>Apply for the name availability of the proposed company to ROC. For this one has to fill Form 1A and submit to ROC along with requisite fee.</li> <li>Once Name is approved and made available by the ROC it remains valid for 6 months. If you do not incorporate the proposed company within 6 months you can renew the name by paying prescribed fee.</li> <li>After getting the name following documents are prepared <ol type="a"> <li> Memorandum of Association</li> <li>Articles of Association</li> <li>Letter of authority to a person for carrying out corrections</li> <li> Declaration by the Promoter Directors</li> <li>Form 32 for the Directors </li> <li>Form 18 for registered office address</li> <li>Demand Draft in favour of Registrar of companies for the prescribed amount towards registration fee</li> </ol> </li> <li>Memorandum and Articles of Association are to be duly stamped before filing with ROC </li> <li>All the above documents are filed with ROC</li> <li>On the receipt of the documents ROC will scrutinize the papers and if any modification is required he will direct to make such changes accordingly.</li> <li>Once ROC is satisfied and scrutiny is completed he will issue certificate of Incorporation. 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src="images/dot.gif" alt="" width="1" height="7" /></td> </tr> <tr> <td><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="11"><img src="images/greybxlft.jpg" alt="" width="11" height="39" /></td> <td class="greybxmid white17">Advisory Board Members</td> <td width="11"> <img alt="" class="style1" height="39" src="images/greybxrgt.jpg" width="11" /></td> </tr> </table> </td> </tr> <tr> <td class="greybxmidbrd"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td> <div id="slider1" class="sliderwrapper"> <div class="contentdiv"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td class="imgpad" valign="top" width="80"> <img alt="" class="style1" src="images/img1.jpg" /></td> <td> <span class="black15">Vijay Goel</span><br /> <br /> <span class="arialblack11">Founder of <br /> <strong>Web</strong>: <a class="bluelink" href="www.singhania.com">IEBF<br /> www.singhania.com</a></span> </td> </tr> </table> </div> <div class="contentdiv"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td class="imgpad" valign="top" width="80"> <img alt="" class="style1" src="images/img2.jpg" /></td> <td> <span class="black15">Lord Mackenzie</span><br /> <br /> <span class="arialblack11">Lord Mackenzie of <br />Framwellgate Chairman<br /> <strong>Web</strong>: <a class="bluelink" href="www.haymarketco.com"><br />www.haymarketco.com</a></span> </td> </tr> </table> </div> <div class="contentdiv"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td class="imgpad" valign="top" width="80"> <img alt="" class="style1" src="images/img3.jpg" /></td> <td> <span class="black15">Lord Raj Loomba</span><br /> <span class="arialblack11">Founder Chairman of <br />Rinku Group plc,<br />Founder-Loomba Trust.<br /> <a class="bluelink" href="www.rinku.co.uk">www.rinku.co.uk</a></span> </td> </tr> </table> </div> <div class="contentdiv"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td class="imgpad" valign="top" width="80"> <img alt="" class="style1" src="images/img4.jpg" /></td> <td> <span class="black15">Dr.Rami Ranger</span><br /> <br /> <span class="arialblack11">Sun Mark Ltd<br /> <strong>Web</strong>: <a class="bluelink" href="www.sunmark.co.uk"><br />www.sunmark.co.uk</a></span> </td> </tr> </table> </div> <div class="contentdiv"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td class="imgpad" valign="top" width="80"> <img alt="" class="style1" src="images/img5.jpg" /></td> <td> <span class="black15">Lord G.K.Noon</span><br /> <span class="arialblack11">Boss of utilities<br /> giant Centrica & Asian <br />food G.K.Noon<br /> <strong>Web</strong>: <a class="bluelink" href="www.centrica.co.uk"><br />www.centrica.co.uk</a></span> </td> </tr> </table> </div> <div class="contentdiv"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td class="imgpad" valign="top" width="80"> <img alt="" class="style1" src="images/img6.jpg" /></td> <td> <span class="black15">S. Jagadeeshan</span><br /> <span class="arialblack11">Former Minister,<br />High Commission of<br />India,London<br /> </td> </tr> </table> </div> <div class="contentdiv"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td class="imgpad" valign="top" width="80"> <img alt="" class="style1" src="images/img7.jpg" /></td> <td> <span class="black15">Saroj Poddar</span><br /> <br /> <span class="arialblack11">X-Chairman of <br />Gillette India Ltd<br /> <strong>Web</strong>: <a class="bluelink" href="www.poddarheritage.com">www.poddarheritage.com</a></span> </td> </tr> </table> </div> <div class="contentdiv"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td class="imgpad" valign="top" width="80"> <img alt="" class="style1" src="images/img8.jpg" /></td> <td> <span class="black15">Pushpendrasinh <br />Jhala</span><br /> <br /> <span class="arialblack11">CEO,Nivid Technology<br />Solutions Co-Founder-IEBF<br /> <strong>Web</strong>: <a class="bluelink" href="www.nivid.net">www.nivid.net</a></span> </td> </tr> </table> </div> <div class="contentdiv"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td class="imgpad" valign="top" width="80"> <img alt="" class="style1" src="images/img9.jpg" /></td> <td> <span class="black15">Nikhil Gandhi</span><br /> <br /> <span class="arialblack11">Group Chairman, SKIL<br /> Infrastructure Ltd. Group<br /> <strong>Web</strong>: <a class="bluelink" href="www.skilgroup.co.in"><br />www.skilgroup.co.in</a></span> </td> </tr> </table> </div> <div class="contentdiv"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td class="imgpad" valign="top" width="80"> <img alt="" class="style1" src="images/img10.jpg" /></td> <td> <span class="black15">Marsha Singh</span><br /> <br /> <span class="arialblack11">MP House of<br /> Commons London<br /> </td> </tr> </table> </div> <div class="contentdiv"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td class="imgpad" valign="top" width="80"> <img alt="" class="style1" src="images/img11.jpg" /></td> <td> <span class="black15">Manoj Prasad</span><br /> <span class="arialblack11">CEO &<br /> Managing Partner,<br /> Signature Capital PTE.; <br /> <strong>Web</strong>: <a class="bluelink" href="www.signatureamc.com"><br />www.signatureamc.com</a></span> </td> </tr> </table> </div> <div class="contentdiv"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td class="imgpad" valign="top" width="80"> <img alt="" class="style1" src="images/img12.jpg" /></td> <td> <span class="black15">Mohit Burman</span><br /> <br /> <span class="arialblack11">Managing Director,<br /> Dabur India<br /> <strong>Web</strong>: <a class="bluelink" href="www.dabur.com">www.dabur.com</a></span> </td> </tr> </table> </div> <div class="contentdiv"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td class="imgpad" valign="top" width="80"> <img alt="" class="style1" src="images/img13.jpg" /></td> <td> <span class="black15">Lord King</span><br /> <br /> <span class="arialblack11">Lord King of<br /> West Bromwich<br /> </td> </tr> </table> </div> <div class="contentdiv"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td class="imgpad" valign="top" width="80"> <img alt="" class="style1" src="images/img14.jpg" /></td> <td> <span class="black15">Kishore Lulla</span><br /> <span class="arialblack11">Chairman and Chief <br />Executive Officer, <br />Eros International Plc</br> <a class="bluelink" href="www.erosentertainment.com">www.erosentertainment.com</a></span> </td> </tr> </table> </div> <div class="contentdiv"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td class="imgpad" valign="top" width="80"> <img alt="" class="style1" src="images/img16.jpg" /></td> <td> <span class="black15">Jayant Thaker</span><br /> <br /> <span class="arialblack11">Chairman,<br /> Thaker Properties<br /> </td> </tr> </table> </div> <div class="contentdiv"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td class="imgpad" valign="top" width="80"> <img alt="" class="style1" src="images/img17.jpg" /></td> <td> <span class="black15">H.P. Kanoria</span><br /> <br /> <span class="arialblack11">Chairman, Srei Group<br /> <strong>Web</strong>: <a class="bluelink" href="www.srei.com"><br />www.srei.com</a></span> </td> </tr> </table> </div> <div class="contentdiv"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td class="imgpad" valign="top" width="80"> <img alt="" class="style1" src="images/img18.jpg" /></td> <td> <span class="black15">Dr Geoffrey <br />Clements</span><br /> <span class="arialblack11">MD& India <br />Director,Commonwealth <br />Business School<br /> <strong>Web</strong>: <a class="bluelink" href="www.cbs.ac">www.cbs.ac</a></span> </td> </tr> </table> </div> <div class="contentdiv"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td class="imgpad" valign="top" width="80"> <img alt="" class="style1" src="images/img19.jpg" /></td> <td> <span class="black15">Deepak Puri</span><br /> <span class="arialblack11">Chairman& MD<br />Moser Baer India<br /> Ltd.<br /> <strong>Web</strong>: <a class="bluelink" href="www.moserbaer.in"><br />www.moserbaer.in</a></span> </td> </tr> </table> </div> <div class="contentdiv"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td class="imgpad" valign="top" width="80"> <img alt="" class="style1" src="images/img20.jpg" /></td> <td> <span class="black15">Kamal Syed</span><br /> <br /> <span class="arialblack11">Member of <br />European Parliament<br /> </td> </tr> </table> </div> <div class="contentdiv"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td class="imgpad" valign="top" width="80"> <img alt="" class="style1" src="images/img21.jpg" /></td> <td> <span class="black15">Subodh Agarwal</span><br /> <br /> <span class="arialblack11">Euromax Capital<br /> <strong>Web</strong>: <a class="bluelink" href="www.euromaxcapital.com"><br />www.euromaxcapital.com</a></span> </td> </tr> </table> </div> <div class="contentdiv"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td class="imgpad" valign="top" width="80"> <img alt="" class="style1" src="images/img22.jpg" /></td> <td> <span class="black15">Jeh Wadia</span><br /> <br /> <span class="arialblack11">Managing Director,<br /> GOAIR AIRWAYS<br /> <strong>Web</strong>: <a class="bluelink" href="www.goair.in ">www.goair.in </a></span> </td> </tr> </table> </div> <div class="contentdiv"> <table border="0" cellpadding="0" cellspacing="0" width="100%"> <tr> <td class="imgpad" valign="top" width="80"> <img alt="" class="style1" src="images/img23.jpg" /></td> <td> <span class="black15">G P Hinduja</span><br /> <br /> <span class="arialblack11">MD of<br /> Hinduja Group<br /> <strong>Web</strong>: <a class="bluelink" href="www.hindujagroup.com"><br />www.hindujagroup.com</a></span> </td> </tr> </table> </div> </div> <div id="paginate-slider1" class="pagination"> </div> <script type="text/javascript"> featuredcontentslider.init({ id: "slider1", //id of main slider DIV contentsource: ["inline", ""], //Valid values: ["inline", ""] or ["ajax", "path_to_file"] toc: "#increment", //Valid values: "#increment", "markup", ["label1", "label2", etc] nextprev: ["Previous", "Next"], //labels for "prev" and "next" links. 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