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Now Register your Private Company online with the assistance of LAW SUVIDHA and get quality services at affordable prices.
Incorporating a company in India is extremely simple, and forming a private limited company is strongly suggested when starting a business. Through the Companies Act and other related Acts, the Ministry of Corporate Affairs (MCA) supervises all companies and corporate affairs in India. Various modifications have been made to the company’s incorporation process under the Government’s ‘Ease of Doing Business in India’ initiative and streamlined business procedures. As a result, the Companies Act of 1956 has been superseded by the new Companies Act of 2013.
However, due to the ever-changing nature of business, expert guidance and support are required to focus on the proper actions, procedures, and processes to make the most of the features and facilities provided by the government. Law Suvidha takes pride in stating that we can register a company in the shortest amount of time. With our low-cost Company Registration service, you can now effortlessly incorporate your firm with experts’ help.
The annual filing must be completed within 30 days of the AGM and includes the electronic submission of annual accounts, directors’ reports, audit reports, cash flow statements, and other documents.
These include ‘Approval Services’ and ‘Change Services,’ which cover all other issues such as company incorporation, changing directors, and other specifics of existing corporations, among others.
There are several perks to incorporating a company. Registration not only gives your company legitimacy but also offers numerous benefits. These include:
In order to register a business in India, the following documents must be submitted:
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As defined by the Companies Act 2013, stated below is the checklist for registering a company in India:
Two Directors: The minimum number of directors required for a private limited company is two, and the maximum number is fifteen. One director must be an Indian citizen at a minimum.
Unique Name: The name of your company must be unique. The recommended name should not be similar to any existing companies or trademarks in India.
Minimum Capital Contribution: There is no minimum capital contribution for a corporation. A business must have a minimum authorised capital of one lakh rupee.
Registered Office: A company’s registered office does not have to be a commercial location. Even a rental house might serve as the registered office if a noc is acquired from the landlord.
It will take no more than 15 days if all of your paperwork is in order. However, this is contingent on the registrar’s workload.
Yes, regardless of its income, a privately owned firm must engage an auditor. In reality, within 30 days after formation, an auditor must be appointed. Compliance is critical in a private limited business since penalties for non-compliance can reach millions of rupees and potentially result in directors being blacklisted.
No, because an LLP is not an MCA, it cannot be converted into a private limited company. Both the LLP Act of 2008 and the Companies Act of 2013 include no provisions for converting an LLP into a private limited company. If a person wants to extend their business, they can form a new private limited company with the same name. The LLP corporation just needs to give a certificate of no objection.
Yes, a foreign national or an NRI can become a director of a private limited business. The Indian RoC must provide him or her with a DIN. They might also own a majority ownership in the firm. As long as there is at least one Indian resident on the board of directors.
