Private Limited Company India

What Process for Limited Liability Partnership Registration in Chennai?  "Call Our Business Plan Experts at +91-72999-72500" The Registrar of Firms in Chennai oversees the procedure for registering an LLP. The Ministry of Corporate Affairs prescribes the statutory procedures that have to be followed in this regard. Among the important requirements for obtaining an Limited Liability Partnership certificate is having a minimum of two partners. The partners must also be Indian citizens and have a valid PAN card. The partners are required to submit a copy of the latest utility bills as well. Moreover, the address proof of the registered office should be submitted. A NOC from the owner of the property at which the registered office will be located should also be furnished. Once the application for obtaining an LLP is submitted, the Registrar of Firms will check it to make sure that all the requirements have been fulfilled. If everything is in order, the R...

What Process for Partnership Registration in Chennai One of the most preferred forms of business organisation, Partnership is a business between two or more people or entities. This business form enables pooling of knowledge, expertise, resources, profits and losses to achieve a common goal. It also helps in quick decision making as it can make use of the collective strengths and capabilities of all partners. Moreover, the business can take loans easily as it has combined borrowing capacity. The legal process for registering a partnership firm starts with the creation of a Partnership Deed. It is a contract in which all the terms and conditions are mentioned and signed by all the partners. It must undergo the necessary steps like getting it printed on a stamp paper of the prescribed value and then get it notarized. Once the Partnership Deed is complete, the next step involves filing it with the Partnership registrar of the firm along with the applicable fees and st...

Who Can Apply For MSME Registration in India  "Call Our Business Plan Experts at +91-72999-72500" MSMEs are the backbone of the Indian economy, contributing to 45% of the country's exports and 50% of its manufacturing sector output. They are a major source of employment in the country and have immense growth potential. As such, the government provides a number of benefits to these companies including priority sector lending, power tariff subsidies, capital investment subsidies, and excise and customs duty exemptions. The process of getting registered under the MSME Act is simple and hassle-free and can be done through an online portal such as FilingPoint. In order to be eligible for MSMEregistration , your business must fall under one of the three categories based on its investment slab: micro enterprises, small enterprises, and medium enterprises. You will need to submit a few documents with your application such as your PAN card, business address proof, IF...

How to Get GST Number for Sole Proprietorship Company in India  "Call Our Business Plan Experts at +91-72999-72500"   Sole Proprietorship is the most common business model in India. These businesses are easy to set up and have low compliance requirements. However, these businesses are not exempt from mandatory GST filings. It is recommended that these businesses obtain their GSTIN as soon as they cross the required turnover threshold. In this article, we will discuss the procedure of getting a GSTIN for a sole proprietorship business in India. The first step is to apply for a GSTregistration Process Consultant online . This can be done by visiting the official GST portal and clicking on the 'Register' link. Once the application is successfully submitted, the system will send an OTP to your Aadhar linked mobile number. The OTP is to verify the authenticity of your details. Once this is successful, the system will display an ARN (Application Ref...

Post Incorporation Compliance for a Private Limited Company in India "Call Our Business Plan Experts at +91-72999-72500" As an entrepreneur, you may have gone through the hassles and difficulties of the company registration process. But, registering your business only marks the beginning of your journey towards growth and success. There are numerous statutory compliances that need to be fulfilled post incorporation of your business. Ignoring these compliances might lead to severe penalties and fines on your business. Hence, it is essential to have an in-depth understanding of these post-incorporation compliances for a Private Limited Company in India. The first post-incorporation compliance that a Private Limited Company should fulfil is to apply for the PAN card, which is mandatory for all businesses in India. You can also file Form INC-20A, which is a declaration of commencement of business for your new entity. Upon successful approval, you will receive...

How Women Entrepreneurs Can Start Business in India? "Call Our Business Plan Experts at +91-72999-72500" When we think of entrepreneurs, we often imagine men in business suits. However, there are many women who have defied norms and broken barriers to become entrepreneurs in India. These female entrepreneurs have made a significant impact on the business landscape by transforming lives with their sheer grit and strength of purpose. Their success stories are a testament to the fact that women can be equal partners in businesses and can contribute equally as well as men. Vani Jain is a remarkable woman who left her hometown in Jamshedpur to pursue her dream of becoming an entrepreneur in India. After completing her engineering from BITS Pilani and working for some time as an employee, she decided to venture out on her own. In 1996, she founded RightWorks, an e-procurement company in the US. Later, she launched another venture called Nth Orbit that dealt with ...

How Can a NRI Register a Business in India? "Call Our Business Plan Experts at +91-72999-72500" With the Indian economy growing and becoming one of the most coveted destinations for foreign investments, it has also become an attractive place for NRIs to set up their own businesses. There are now a variety of online services that help NRIs to register their business, obtain necessary licenses and permits, open bank accounts and much more. Many of these services also offer 24/7 customer support, making it easy for NRIs to get started with their new venture in India. The first step is to find out if the NRI is eligible to become a director in an Indian company. According to the Companies Act, 2013, NRIs and foreign nationals can serve as directors in a company set up in India. However, they will have to get a Digital Signature Certificate (DSC) and obtain a DIN before this can be done. Once the NRI is eligible to be a director, the next step is to register...

What is the difference between an OPC company and Proprietorship Company? "Call Our Business Plan Experts at +91-72999-72500" The One Person Company (OPC) is a separate legal entity; it can be registered under the Companies Act 2013 with only one shareholder or owner. It is an ideal structure for entrepreneurs who are looking for venture capital funding, outside investment or want to benefit from limited liability protection. OPC has the flexibility to raise funds and offer benefits such as a distinct identity, transparency and perpetual existence. However, it is important to note that there are some key differences between an OPC and a sole proprietorship which should be considered when deciding to register your business. The main difference between an OPC and a sole proprietorship is that OPCs have limited liability for their directors and shareholders. This means that if the business incurs losses, the directors personal assets are protected a...

What Are the Differences Between LLP and Partnership "Call Our Business Plan Experts at +91-72999-72500" Choosing the right business structure is an important decision that can have long-term consequences for your company. Two of the most common structures are limited liability companies (LLCs) and limited liability partnerships (LLPs). Both offer owners limited liability protection, but there are a few differences between them that can affect your company's legal and tax status. The main difference between LLP and partnership is that a LLP has a distinct legal existence separate from its partners. Hence, it has perpetual succession even after the death of any partner. An LLP has the flexibility to have any number of partners and can be run by all or by a single authorised partner on behalf of others. The partners can sign documents either physically or digitally. In case of a physical signature, the signature has to be accompanied by a seal which ...

How to Form a LLP Company in India "Call Our Business Plan Experts at +91-72999-72500" Choosing the business format for your new venture takes careful consideration. A Limited Liability Partnership (LLP) offers the benefits of a partnership firm along with limited liability and taxation advantages. It is popular with professionals such as lawyers, accountants and architects. Unlike a private limited company, an LLP cannot offer its shares to investors and stakeholders. To register an LLP in India , you will require at least two Designated Partners and a minimum of one Manager. The name of the LLP must be approved by the Ministry of Corporate Affairs (MCA). The first schedule of the LLP Act will administer matters related to a number of areas including capital contribution, profit sharing, admission, retirement, cessation and expulsion of partners, etc. If your LLP is engaged in a services or technology-based sector, you may also be required to obt...

Benefits of Private Limited Company Registration in Online India "Call Our Business Plan Experts at +91-72999-72500" When you register your business as a company, it gives the opportunity to separate your personal liability with the corporate liability. Besides, registering as a Company makes it easier to get loans and investors. It also grants you credibility in the market as it is legally recognized. Moreover, it allows you to open a bank account in the name of the company and carry transactions under the company's assets. Moreover, the directors and shareholders of the Company are protected from personal bankruptcy as any debts or loss that arise from business activities are limited to the company's funds and not the individual's personal assets. In addition, the Company has perpetual succession which means that it continues to exist even after the death or insolvency of a director or shareholder. One of the major benefits of a priv...

Trademark Registration Process Online in Bangalore "Call Our Business Plan Experts at +91-72999-72500" Trademark registration is one of the most important aspects of a business. A trademark is a symbol, name, word, device, label or combination of colors used by a business to distinguish their goods from the ones of others in the same field of production. It protects the goodwill of the business. The  process of trademark registration Consultant online .  When you register your trademark you get exclusive use of it and if someone uses it without your permission you can sue them. However, it is not mandatory to register a trademark but it is highly recommended. The process of registering a trademark involves various steps and might take up to a year or two. The first step is to conduct a comprehensive trademark search online in Bangalore. This will help to identify and eliminate any potential issues that may be encountered later on. Also, it will hel...

GST Registration Process Online in Chennai The GST registration process online in Chennai is simple and convenient. Applicants need to provide basic details such as their Permanent Account Number (PAN), date of birth, personal mobile number and office telephone number. They also need to upload a photograph and a copy of their PAN card or Aadhar card. The application will then be processed within seven days of the check-in date. The basic steps in the  GST registration process  include filling out forms, paying stamp duty and registration charges, and providing the required documents. The stamp duty and registration rates may vary across States, but they generally range between six percent and seven percent of the agreement value. Additionally, there is a one percent metro cess and local body taxes. GST registration is a must for any business that intends to operate in the country. The benefits of this system far outweigh the burdens of compliance. Having said that, it is crucial to fam...

GST Registration Process Online in Chennai The GST registration process online in Chennai is simple and convenient. Applicants need to provide basic details such as their Permanent Account Number (PAN), date of birth, personal mobile number and office telephone number. They also need to upload a photograph and a copy of their PAN card or Aadhar card. The application will then be processed within seven days of the check-in date. The basic steps in the GST registration process include filling out forms, paying stamp duty and registration charges, and providing the required documents. The stamp duty and registration rates may vary across States, but they generally range between six percent and seven percent of the agreement value. Additionally, there is a one percent metro cess and local body taxes. GST registration is a must for any business that intends to operate in the country. The benefits of this system far outweigh the burdens of compliance. Having said that...

ROC Annual Filings Process Online in Bangalore As per the provisions of the Companies Act, all private and public limited companies are required to file their financial statements, i.e, Profit and Loss Account and Balance Sheet along with Directors' Report to Registrar of Companies (RoC) by submitting ROC Form AOC-4 within sixty days of holding the Annual General Meeting. Failure to file the same leads to levy of penalty of Rs 100 per day. During the last fiscal, more than 2.25 lakh companies were struck off by RoCs for failing to furnish their financial statements and annual returns. In the current fiscal, over 2.59 lakh more companies are likely to be identified for striking off. To avoid such penalties, it is advisable to hire a company secretary to take care of the annual filings for your business. They will ensure that the documents are filed with the ROC in time and maintain compliance with other laws as well. Besides, they will also help you in conductin...

GST Filing Process Online in Bangalore The GST filing process online in Bangalore has become convenient for the taxpayers. It helps the small businesses to manage their compliance by a simple online portal. This also reduces the burden of having to run from pillar to post to get multiple registrations like VAT, Excise and Service tax. Moreover, with GST, one can file their return for all the three taxes in a single go which is another boon for the small business owners. A few changes have been made in the GST return forms. GSTR-2 is to be filed monthly and specifies the details of the inward supply that is received by the business. It contains details of invoices, credit or debit notes, receipts etc. It is to be filed by the 20th of every month. Similarly, GSTR-3B is to be filed quarterly and contains all the taxes collected by the business. GSTR-5A is to be filled by the non-residents who provide online information or database access or retrieval services and contain...