How to install Kali 1.0.9a on Virtual Box?

For research purposes I have to install Kali (successor of Backtrack) on Virtual Box. The installation is pretty fast however we have to know what we have to configure the VM settings and what we should choose in the installation step. I just write down these steps for my own documentation, maybe you will find it also helpful.

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From the creators of BackTrack comes Kali Linux, the most advanced and versatile penetration testing distribution ever created. We have a whole set of amazing features lined up in our security distribution, geared at streamlining the penetration testing experience.

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