1. Presentation on Incorporation of a Private Limited Company.

2. Desirous of incorporating a Private Limited Company in India? Wanting to know: The applicable procedures? Time it would take? Annual maintenance? Taxation? Whether local directors/shareholders required? Costs? Our fees.

3. Procedures. Name to be decided upon by you.You would have to indicate at least three options. Application to be filed with the office of the Registrar of Companies who has territorial jurisdiction for seeking name availability. After name is made available memorandum and articles to be drafted depending on main objects. Authorised and paid up capital to be decided upon. Names of promoter directors & location of registered office to be decided upon. Power of attorney to be given in our favour to enable us to effect the filing and receive the certificate of incorporation on your behalf. Registration fee & stamp duty to be paid on the basis of the authorised and paid up capital of the proposed company. Requisite forms with the copies of the memorandum and articles of association to be filed with the office of the Registrar of Companies having territorial jurisdiction over state in which registered office of the proposed company is to be situated. On the Memorandum and Articles of Association & other particulars being found to be in order the certificate of incorporation is issued by the concerned Registrar of Companies.

4. TIME TAKEN FOR INCORPORATION Incorporation of a private limited Company could take anything from one week to six months, depending on how fast the required procedures could be complied with.

5. . WHETHER LOCAL DIRECTORS / SHAREHOLDERS REQUIRED Where it is proposed to associate a foreign national or foreign company with the incorporation of an Indian Company and allow him or it to be a subscriber to the Memorandum, the prior approval of the Reserve Bank of India would have to be taken. However, where possible the non-resident foreign national subscribing a memorandum from his country ought to be avoided, as besides the need for prior permission of the Reserve Bank of India, the attestation of the signature of such non-resident foreign national could become a time-consuming matter. It would be easier for a non-resident foreign national to become a Director as it does not require the approval of the Reserve Bank of India. A private company need have only two directors. But it may have more if desired.

6. TAXATION With regard to the aspect of taxation, as per the Indian Income Tax Act, Domestic Companies are taxable @ 32% of Net profits along with a surcharge of 10% aggregating to 35.2%.

7. ANNUAL MAINTENANCE: The annual maintenance would depend upon the actual authorised and paid up capital and also the exact nature of the business of the private limited company.

8. COSTS Costs would include the fee payable towards registration as per the Notification dated 27 th April, 2000, New Delhi issued by the Government of India, Ministry of Law, Justice & Company Affairs, Department of Company Affairs, and the Stamp Duty and fee payable for registration. These would also depend on the nominal share capital of the proposed private limited company. Our fee would depend on the time we actually spend. For chamber work our charges are Rs.5,000/- per hour and for departmental liaison Rs.3,500/- per hour. Expenses towards fee,stamp duty etc., would be on actuals. If you are looking at a ball park figure or a lump sum assignment figure we could give you one as soon as you let us know the names you desire and the nominal share capital of the proposed company. We do hope this presentation has given you some idea about incorporation of private limited companies in India. In case you require any further clarifications we request you to kindly get in touch with us with further details on the names you desire (three options) and the nominal share capital that you propose for the proposed private limited company.

9. Our Fees Our Fee would depend on the time we actually spend on the assignment. However, if you are desirous of fixing the fee on assignment basis, we could do so as per your requirement. Do let us have the aforementioned information on the basis of which we could discuss fee.

10. Thank you! We now look forward to hear from you. You could contact our Mr.Bimal.B.Bhaskar on: Mobile:+040-56270618; bimal@bimalbbhaskar.com www.bimalbbhaskar.com