Which means I ought to have a minimum outlay of approx. 1,60,000? All cash?

I think so.. but as I said.. catch hold of your friendly neighbourhood CA for a quick chat.

Perhaps all the links in the AdSense ads on the left and the top :-P

LOL .. got em

pagalguy Says

You may want to double check this one..but from a discussion I remember..it costs approx INR 60K or so to go private. The 1 lakh would be needed during startup.

If I understand correctly, does this mean that I need to pay 60K as 'fees', 'charges' etc., and after that have 1 lakh while I startup?

Which means I ought to have a minimum outlay of approx. 1,60,000? All cash?
(Which means when PG recently became a company ... !!)

I have been aware of the Delaware option before..but not the BVI one.. any links I can check for the BVI stuff ?

Perhaps all the links in the AdSense ads on the left and the top :-P

Well, from my (re?)search, I figure that the Antilles, the British Virgin Islands and the Cayman Islands are popular for incorporating businesses. However that has more to do with tax benefits. Of these, The BVI seem to be the best choice.
The UK is an expensive choice with lots of requirements, but Delaware, Florida and a few other US states are good choices too. If incorporating in Delaware or any US state, you will apparently have to pay tax for gains from business in the US, which could lead to double taxation and therefore may not be such a good idea.

@Deepu, The Ministry of Company Affairs website seems to imply that it ought to take 13 days from start to finish to set up a pvt. ltd. company, in theory, if I understand correctly.

This CII Page describes the procedure as follows:

1. Obtain approval for the proposed name of the Company from the registrar of Companies (ROC)
   
2. Draw up the memorandum of understanding
   
3. Draw up the articles of association
   
4. Get appropriate persons to subscribe to the memorandum ( a minimum of 7 for a public company and 2 for a private company)
   
5. Payment of registration fee to the ROC
   
6. Receipt of certificate of incorporation
   
7. Obtain a certificate of commencement of business from the ROC in case of a public company
   

Read about this procedure in our IBF course but can u plzz tell me how much time it takes.???? read in a Hindu article that it takes about 71 days to start a company in India..whr as 2 days in australia..

Which probably means "go to a Chartered Accountant and pay him to do the rest". However what are the approximate expenditures involved, assuming a minimum paid-up capital of Rs one lakh? And while we are on the topic, does it mean that you have to have Rs. one lakh in order to start a company?

You may want to double check this one..but from a discussion I remember..it costs approx INR 60K or so to go private. The 1 lakh would be needed during startup.

Also for those with businesses involving international transactions, has anyone checked out registering in
a) Delaware, USA (as a LLC)
b) British Virgin Islands

Both seem affordable, and seem to be the best offshore option among those I looked up. There is a status and liability advantage with incorporating in Delaware, but a tax and capital advantage with incorporating in the BVI.

I have been aware of the Delaware option before..but not the BVI one.. any links I can check for the BVI stuff ?