A. private limited company registration
Package Includes:
· 2 DSC (Digital Signature Certificates)
· 2DIN (Director identification number)
· MOA/AOA (Memorandum of Association/Articles of association)
· COI (Certificate of Incorporation)
· PAN (Permanent Account Number)
· TAN (Collection Account Number)
REGISTRATION COSTS
Xyz arrow fees | 1999 |
2 DIN | 0 |
2 DSC | 3000 |
GOVT FEES | 175 |
STAMP DUTY | VARIES PLACE TO PLACE |
TAXES | 360 |
Why Choose Private Limited Company?
There are several reasons why more individuals choose to register private ltd companies.The advantages of a private limited company include: A Private Limited Company is a legal entity. the company’s finances are separate from its owner’s finances. Protection from personal liability to Limited company owners.
Advantages
One advantage of owning a private limited company is that the financial liability of shareholders is limited to their shares. Therefore, if a private limited company will be in financial trouble and need to close the Company then shareholders will not risk losing their personal assets.
Disadvantages
Disadvantages of owning a private limited company are: Shares cannot be sold on a public stock exchange. Limited growth and restricted number of shareholders.
Documents Required For Private Limited Company Registration
FOR DIRECTORS
- PAN (Permanent Account Number) of all proposed directors.
- Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of all proposed Directors.
- Latest passport size Photographs of all directors.
- Additional Address proof with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement
FOR SHARE HOLDERS
- PAN (Permanent Account Number) of all proposed Share Holders
- Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of all proposed Share Holders
- Latest passport size Photographs of all Share Holders.
- Additional Address proof with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement
FOR REGISTER ADDRES
- Electricity Bill along with Rent Agreement OR Ownership proof OR NOC
PROCESS INVOLVED
1. Incorporation Documents
Incorporation Documents are prepared and sent for Signatures.
2. Apply for Digital Signatures
Once ID proofs and signed documents are received, Digital Signature is applied for Directors
3. Apply for DIN
After DSC, application is filed with MCA for getting the DIN Number
4. Incorporation Form SPICe
Incorporation Application is prepared and filed with ROC
5. Incorporation Approval
MCA check and Approves the Incorporation Application.
6. Incorporation Certificate with PAN and TAN
As per the new process PAN and TAN is Allotted and mentioned on Incorporation certificate by ROC
B. One Person Company Registration
Package Includes:
· 1 DSC (Digital Signature Certificates)
· 1DIN (Director identification number)
· MOA/AOA (Memorandum of Association/Articles of association)
· COI (Certificate of Incorporation)
· PAN (Permanent Account Number)
· TAN (Collection Account Number)
REGISTRATION COSTS
Xyz arro fees | 1999 |
1 DIN | 0 |
1 DSC | 1500 |
GOVT FEES | 175 |
STAMP DUTY | VARIES PLACE TO PLACE |
TAXES | 360 |
What is the Difference between OPC & Sole Proprietorship?
One Person Company is a separate Legal entity with just one member. Unlike a private limited company which requires minimum 2 shareholders and 2 directors, an OPC can be formed with only one shareholder. The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity.
Advantages
One Person Company is a Private Limited Structure. It is Most popular Structure in the world. An individual can start its business without the restriction to have 2 directors in One Person Company.
Disadvantages
OPC is suitable only for small business. OPC can have maximum paid up share capital of Rs.50Lakh and turnover of Rs. 2 Crores otherwise OPC need to be converted into Private Limited Company.
Documents Required For OPC
FOR DIRECTORS
- PAN (Permanent Account Number) of all proposed directors.
- Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of all proposed Directors.
- Latest passport size Photographs of all directors.
- Additional Address proof with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement
FOR SHARE HOLDERS
- PAN (Permanent Account Number) of all proposed Share Holders
- Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of all proposed Share Holders
- Latest passport size Photographs of all Share Holders.
- Additional Address proof with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement
FOR REGISTER ADDRES
- Electricity Bill along with Rent Agreement OR Ownership proof OR NOC
PROCESS INVOLVED
1. Incorporation Documents
Incorporation Documents are prepared and sent for Signatures.
2. Apply for Digital Signatures
Once ID proofs and signed documents are received, Digital Signature is applied for Directors
3. Apply for DIN
After DSC, application is filed with MCA for getting the DIN Number
4. Incorporation Form SPICe
Incorporation Application is prepared and filed with ROC
5. Incorporation Certificate
MCA check and Approves the Incorporation Application.
6. PAN and TAN
PAN is applied based on Incorporation Certificate after that TAN is applied Once we receive copy of PAN card
C. Public Limited Company Registration
Package Includes:
· 3 DSC (Digital Signature Certificates)
· 3DIN (Director identification number)
· MOA/AOA (Memorandum of Association/Articles of association)
· COI (Certificate of Incorporation)
· PAN (Permanent Account Number)
· TAN (Collection Account Number
REGISTRATION COSTS
Xyz arro fees | 9999 |
3 DIN | 0 |
3DSC | 4500 |
GOVT FEES | 7300 |
STAMP DUTY | VARIES PLACE TO PLACE |
TAXES | 1800 |
What are the Features of Public Limited Company?
A public company shall have minimum 7 members and 3 directors. Every private limited company which has a subsidiary of public company shall be treated as public company in the eyes of law. The Liability of each member or shareholder of a public company is limited.
Advantages
Better Access to capital; ie raising share capital from existing or new investors. Liquidity; Shareholders are able to buy and sell their shares if they are quoted on the stock exchange.
Disadvantages
The Company can be expensive to establish, maintain and wind up. The reporting requirements can be complex and if the directors fails to meet their legal obligations, they may be held personally liable for the Company’s debts.
Documents Required For Private Limited Company Registration
FOR DIRECTORS
- PAN (Permanent Account Number) of all proposed directors.
- Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of all proposed Directors.
- Latest passport size Photographs of all directors.
- Additional Address proof with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement
FOR SHARE HOLDERS
- PAN (Permanent Account Number) of all proposed Share Holders
- Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of all proposed Share Holders
- Latest passport size Photographs of all Share Holders.
- Additional Address proof with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement
FOR REGISTER ADDRES
- Electricity Bill along with Rent Agreement OR Ownership proof OR NOC
D. Limited Liability Partnership Registration
Package Includes:
· 2 DSC (Digital Signature Certificates)
· 2DIN (Director identification number)
· LLP Agreement
· COI (Certificate of Incorporation)
· PAN (Permanent Account Number)
· TAN (Collection Account Number)
REGISTRATION COSTS
|
Xyz arro fees |
1999 |
|
2 DIN |
0 |
|
2 DSC |
3000 |
|
GOVT FEES |
750 |
|
STAMP DUTY |
VARIES PLACE TO PLACE |
|
TAXES |
360 |
Difference Between LLP & Partnership Firm
LLP is a form of business operation which combines the features of a Partnership and a body corporate and on the other hand Partnership refers to an agreement wherein 2 or more persons agree to carry on a business and share profits and loses mutually.
Advantages
One big advantage is that the partners are not liable personally and cannot be forced to pay a business debt or liability with personal property or assets. Their personal assets would be shielded from all business liability.
Disadvantages
Compared to a sole proprietorship or partnership, a LLP is a little more expensive to operate. The owner of a LLP may have to pay an unemployment compensation for him or herself, which he or she would not have to pay as a sole proprietor.
Documents Required For LLP
FOR DIRECTORS
- PAN (Permanent Account Number) of all proposed directors.
- Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of all proposed Directors.
- Latest passport size Photographs of all directors.
- Additional Address proof with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement
FOR SHARE HOLDERS
- PAN (Permanent Account Number) of all proposed Share Holders
- Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of all proposed Share Holders
- Latest passport size Photographs of all Share Holders.
- Additional Address proof with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement
FOR REGISTER ADDRES
- Electricity Bill along with Rent Agreement OR Ownership proof OR NOC
PROCESS INVOLVED
1. Incorporation Documents
Incorporation Documents are prepared and sent for Signatures.
2. Digital Signatures and DIN
Once ID proofs and signed documents are received, Digital Signature and DIN is applied for Directors
3. Name Approval
Once all all partners are ready with DIN numbers, Application for Name Approval is filed with MCA, MCA Checks the name availability and approves a name based on Name Guidelines
4. Application for Incorporation
After name is approved, Documents and Partnership deed is prepared and sent for Signatures. Once signed documents are received, Application of Incorporation is filed with MCA. MCA check and Approves the Incorporation Application.
5. PAN and TAN
PAN is applied based on Incorporation Certificate after that TAN is applied Once we receive copy of PAN card
6. LLP Agreement
Registration of LLP Agreement
E. Proprietorship Registration
Documents Required For Proprietorship Registration
· PAN card of Applicant
· Address Proof of Applicant (Voter ID, Passport, Aadhar, Driving License)
· Cancelled Cheque of Bank Account
· Registered Office Address Proof Electricity Bill along with • Rent Agreement plus NOC (if Rented) • Ownership proof (if Owned)
· Four photographs of Applicant
Why Choose Proprietorship?
In this type of business, there are no specific business taxes paid by the company. The owner pays taxes on income from the business as part of his or her personal income tax payments.
Sole proprietors need to comply with licensing requirements in the states in which they’re doing business, as well as local regulations and zoning ordinances. The paperwork and formalities, however, are substantially less than those of corporations, allowing sole proprietors to open a business quickly and with relative ease – from a bureaucratic standpoint. It can also be less costly to start a business as a sole proprietor, which is attractive to many new business owners.
Advantages of a Sole Proprietorship
* A sole proprietor has complete control and decision-making power over the business.
* Sale or transfer can take place at the discretion of the sole proprietor.
* No corporate tax payments
* Minimal legal costs to forming a sole proprietorship
* Few formal business requirements
* Sole proprietor manages the business
* No need to file income tax return if total income is below 2,50,000/-
* No need to pay tax if income upto 7,00,000/- after deduction
Disadvantages of a Sole Proprietorship
* The sole proprietor of the business can be held personally liable for the debts and obligations of the business. Additionally, this risk extends to any liabilities incurred as a result of acts committed by employees of the company.
* All responsibilities and business decisions fall on the shoulders of the sole proprietor.
* Investors won’t usually invest in sole proprietorships.
Process Involved
(1) Documentation
Please provide us the required documents to initiate the process.
(2) Start-up Consultation
Proprietorships do not have a process of incorporation. Therefore, our Business Advisors will advise you on the way the identity of the Proprietorship business can be established through other Government registrations.
(3) Service Tax Registration
The identity of a Proprietorship can be established through Service Tax Registration (if applicable) mentioning the business name. Service tax registration takes 2 to 3 days, subject to Government processing time.
(4) Vat Registration
The identity of a Proprietorship can be established through VAT Registration (if applicable) mentioning the business name. VAT registration takes 5 to 10 days, subject to Government processing time.
(5) Import Export Code
The identity of a Proprietorship can be established through IEC Registration (if applicable) mentioning the business name. IEC Registration takes 3 to 5 days, subject to Government processing time.
(6) Bank Account
We will help you in opening a Current Account in your choice of bank after the registration
F. PARTNERSHIP REGISTRATION
Why Choose Partnership?
A partnership, as opposed to a corporation, is fairly simple to establish and run. No forms need to be filed or formal agreements drafted (although it is advisable to write a partnership agreement in the event of future disagreements).
Advantages of Forming a Partnership
· Collaboration
· Tax advantages
· Simple operating structure
· Flexibility
· Acquisition of capital
Disadvantages of Forming a Partnership
· Conflict with partners
· Authority of partners
· Unlimited liability
· Vulnerability to death or departure
· Limitations on transfer of ownership
REGISTRATION COST
|
Unregistered Partnership Deed |
Starting at ₹ 1999 |
|
Partnership Registered with Magistrate |
Starting at ₹ 17700 |
|
Limited Liability Partnership |
Starting at ₹ 8341 |
Documents Required for Partnership Registration
- PAN (Permanent Account Number) of all Partners (Minimum 2)
- Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of all partners
- Latest passport size Photographs of all partners
- Registered Office Address Proof – Electricity Bill along with Rent Agreement / ownership proof of proposed registered office.
- Copy of Mobile bill, telephone bill, electricity bill or Bank Statement of all directors / promoters with Present address (could be different from permanent address).
PROCESS INVOLVED
1) Documentation
We will need the set of documents to draft a partnership deed
2) Information Required
Once Documents are received, we will need some information like salary to be paid to partners etc in a form
3) Information Required
Once Documents are received, we will need some information like salary to be paid to partners etc in a form
4) Partnership Deed Signing
Approved deed will be sent to client for signing
5) Partnership Deed Registration
Signed Partnership deed will be sent for Notarization and Registration
6) PAN and TAN
Permanent Account Number (PAN) is applied based on Partnership Deed after that TAN number is applied Once we receive copy of PAN card
Section 8 Company Registration
REGISTRATION COST
Package Includes:
2 DSC (Digital Signature Certificates)
2DIN (Director identification number)
MOA/AOA (Memorandum of Association/Articles of association)
COI (Certificate of Incorporation)
PAN (Permanent Account Number)
TAN (Collection Account Number)
MyCorporation Fee | ₹ 9999 |
2DIN | 0 |
2DSC | ₹ 3000 |
Govt Fee | ₹ 3475 |
Stamp duty | ₹ 200 |
taxes | ₹ 1800 |
What is the eligibility for Section 8 Company Registration?
The eligibility for the section 8 company registration is that the object must be charitable or to promote arts, science, commerce etc. It shall intend to apply all its profit in promoting the objectives and assures the prohibition of dividend to any of its members.
Advantages
Section 8 company is a non profit organisation that is why they are exempted from some provisions of the income tax. They avail the benefits under section 80 G of the Income Tax Act, 1961. They are also required to pay less stamp duty as compared to other organizations.
Disadvatages
Income earned from this organization can only be used for the above mentioned objects only.
Documents Required For Section 8 Company Registration
FOR DIRECTORS
- PAN (Permanent Account Number) of all proposed directors.
- Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of all proposed Directors.
- Latest passport size Photographs of all directors.
- Additional Address proof with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement
FOR SHARE HOLDERS
- PAN (Permanent Account Number) of all proposed Share Holders
- Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of all proposed ShareHolders
- Latest passport size Photographs of all Share Holders.
- Additional Address proof with Present address Mobile bill OR Telephone bill OR Electricity bill OR Bank Statement
FOR REGISTERED ADDRESS
- Electricity Bill along with Rent Agreement OR Ownership proof OR NOC
A Step-by-Step Guide to Company Registration Process
Apply for DIN
After DSC, application is filed with MCA for getting the DIN Number
Incorporation Documents
Incorporation Documents are prepared and sent for Signatures.
Apply for Digital Signatures
Once ID proofs and signed documents are received, Digital Signature is applied for Directors
Section 8 License
After the name is approved, Form RD1 is filed with Registrar of Companies for Licence
Incorporation
Form INC7 along with INC22 and DIR12 to be filed online after the MOA and AOA are drafted and PAN and TAN is applied after Incorporation