I had unfortunately chosen to go with vakilsearch in order to register my pvt ltd. Company and for the complete compliance package. They asked me to deposit rs. 3000 in order to get the process started and i went ahead and did so. Straight out the bat the registration agent assigned to me was incompetent and could not answer basic answers related to company structure, authorized vs paid up capital etc. He then connected me with the vakilsearch cs team who did not only have no knowledge on the topic but went ahead and gave me wrong information.
The basic question was what is authorised capital and how will future investments affect it. Their cs team tells me we will have to increase the authorized amount to the amount of the investment. When i checked with an external reputed cs he laughed it off and said the authorized capital is only the face value and the rest of the investment happens as a "share premium".
After this huge red signal i no longer wanted to be associated with them so politely asked them to refund me the amount and wanted to go with another company for this task. Here comes the worst part: they are refusing the refund the deposit. This is straight out fraudulent behaviour. That is the reason i will post this on every public forum so people are aware of this scam of a company and go with some other service other than them. I will continue doing this until i get back my refund. Was this information helpful? | 
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