The DSC is an electronic key issued by six certified authorities, which is basically used to prove, certify and confirm an individual’s identity on the internet.

The cost for running a private limited company can be divided into four categories: cost of setting a private limited company, cost of accounting and auditing, cost of compliance, and miscellaneous expenses. The most minimum costing comes up to Rs. 40,000, including all of the above-mentioned categories.

Auditing company accounts is crucial for financial accuracy, regulatory compliance, and fraud detection. It enhances transparency, instills investor confidence, and strengthens corporate governance. Ultimately, audits uphold credibility, guide decision-making, and ensure responsible financial management.

Memorandum of Association and Article of Association is the document that contains all the fundamental information which are required for the incorporation of the company like, rules, vision, and mission of your organization, and defines the specific business and the roles & responsibilities of shareholders and directors as defined in section 2(56) & section 2(5), respectively..

No, it is not possible to convert an LLP into a Private Limited Company as it is not an MCA. The LLP Act, 2008 and the Companies Act, 2013, both don’t have any such provisions that can convert an LLP into a private limited company. Nevertheless, if one wants to expand or grow their business they may register as a new Private Limited Company using the same name. They just need to get a NOC issued from LLP.

Yes, an NRI and Foreign National can become Directors in a Private Limited Company. They are supposed to get a Directors Identification Number (DIN) from the Indian Registrars of Companies (ROC). They can also be a majority shareholder in the company only if, at least one Director on the Board of Directors has to be an Indian Resident.