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How to register a Company in India?

The Private Limited Company is a separate legal entity held by a group of people. It is registered with the Ministry of Corporate Affairs (MCA) in India. Benefits of registering the company include independent existence, ease in raising the funds for company growth, and limited liability of owners. Keeping the above in mind, new-edge entrepreneurs prefer a Private Limited Company structure. Normally it takes around 10-12 working days to register a company. Let’s dig into it in detail:

Types of Private Limited Company Private Limited Company registration in India has 3 major types:

Company Limited by shares: When shareholders are liable to pay only their share of capital in the company is known as a company limited by shares. It is suitable for all types of businesses such as manufacturing, trading, service providers, and hence it is the most preferred type of Private Limited Company.

Company Limited by Guarantee: When the members are not liable for any amount higher than the amount undertaken as the guarantee is the company limited by guarantee. Further, the members are only called at the time of winding up of the company. It is suitable for clubs, trade associations, and societies that require very minimal capital.

Unlimited Company: The members have unlimited liability, hence, they are liable for the debts that occur during the insolvency and winding up of the company. It is suitable for businesses that do not want limitation on minimum capital required and wants to carry out business easily.

Minimum Requirements for Private Limited Company Registration Here are the 4 basic requirements to keep in mind:

Minimum 2 directors: As per the Companies Act, 2013, one director must be an Indian resident who has continuously stayed in India at least for 12 months (as recently amended). Another one can be a foreign or Indian resident.

Minimum 2 shareholders: Shareholders can be a person or corporate entity. In the case of a corporate entity, a person is authorized to represent the company as a shareholder.

Registered office address in India: The Registered Office (RO) of the company must be in India. And, the company can choose a commercial or residential property as their RO Address.

Unique business name: Entrepreneurs are very particular about the name of their company. However, they need to make sure that it is unique enough. The name should also have a suffix that talks about the business of the company for example- Mother Dairy Fruit & Vegetable Pvt Ltd. The name itself determines that the company deals with dairy products, fruits, and vegetables.

Registration Process of the company Under the Companies Act, 2013, the Ministry of Corporate Affairs (MCA) governs the registration of a Private Limited Company. It is concerned with the proper functioning of rules and regulations as per the law. MCA Registration forms fees depend upon two factors i.e, Stamp Duty and Normal Form filing fees. Since Stamp Duty differs according to authorized capital and state in which the company is incorporated, the minimum form fees of Private Limited Company registration start from INR 10000. We at iconnectfinance.com help entrepreneurs to set up Private Limited Company in 4 Steps:

Need professional help to register your company?  I Connect Financial Solutions is one essay platform for online private limited company registration. get your new startup Pvt. Ltd. company incorporation.

Step 1: Applying for Digital Signature Certificate (DSC) The first step is to acquire DSC to submit the electronic documents securely. The requisites include the director’s and shareholders’ names, address proof, copies of pan card, identity proof, and passport size photographs. DSC acquires from Controller of Certification Agencies (CCA). The minimum validity is for 1 year. However, one can extend the validity for 2 years.

Step 2: Applying for Name Reservation (SPICe+Part A) Form SPICe+Part A reserves the unique name of the new company. Before filing the form, one needs to check on the MCA portal for name availability. This form includes information such as types of company, objects, and the main division of industrial activity. Using this form, 2 names can be submitted for the prospective companies.

It takes a minimum of 2-3 business days to get the approval of SPICe+Part A by MCA. In case of an issue with proposed names, one gets another chance for the new name submission. After approval of SPICe+Part A, SPICe+Part B will be available for filing.

Step3: Filing Details for the Proposed Company (SPICe+Part B) After the approval of the name, the SPICe+Part B form will be available to file. Below is the information that needs to be filed:

Capital details Registered office address Subscribers and Directors details Selection of state or union territory for Stamp duty calculation Apply for PAN (Permanent Account Number) and TAN (Tax Account Number) Attachment of necessary documents in a legible format Declaration and certificate by practicing professionals like CA, CS, or CMA.

Step 4: Drafting and Filing of Incorporation Form SPICe+MOA (Memorandum of Association): It outlines a few important clauses for a company such as company name, registered office address, the main objective of the company, liability of the member, share capital, and declaration by subscribers. The document needs to be verified and signed before a professional. Due to digitization, the subscribers and professionals are supposed to affix DSC to submit with MCA for approval.

SPICe+AOA (Articles of Association): It specifies the legal name of the company, official address, equity capital, organization activities, financial and managerial actions, and shareholder’s meeting. It is a subsidiary document for MOA. It defines the roles, duties, and powers of the management to grow the organization. Same as MOA, members and practicing professionals will have to affix their DSC before submitting it to MCA for approval.

Agile Pros: This form specifies GST registration number, credentials for EPFO (Employees Provident Fund Organization) and ESIC (Employee State Insurance Corporation). The form also includes a list of banks to select for opening a current account along with Shop and establishment registration, if applicable. After filing the above forms, auto-generated Form INC-9 needs to be filed. It’s a declaration of subscribers and directors.

Once the above process is completed, the challan is paid with Stamp duty and government fees. If there are no issues, MCA grants the Certificate of Incorporation (COI). This certificate carries Company Identification Number (CIN), PAN & TAN along with the registered address of the Pvt Ltd company. COI is the proof of the company’s existence.

Document Checklist Here is the list of documents for directors/shareholders to register a company in India:

For Indian Nationals

Self-Attested PAN card copy of all the Directors and members Passport size photograph Copy of Aadhar Card Self- Attested Proof of Identity of Directors and members (Voter ID/Passport/Driving License) Self – Attested Address proof which should be in the name of the Director or shareholder (Mobile Bill/Telephone Bill/Electricity Bill/Latest Bank Account Statement showing name & address along with the last page of transaction with recent activities)

For Foreign Nationals

In the case of a foreign director/shareholder, all the documents should be notarized and apostilled.

Passport size photograph Foreign national subscribers need to provide a passport as nationality proof Address proof including, Driving License/Bank Statement/utility bill not older than 2 months Documents for Registered Office

Business address proof (Electricity Bill/Telephone Bill/Water Bill/Gas Bill) should not be older than 2 months Copy of Rent Agreement (in case of rented property) No objection Certificate from the owner of the Property Advantages of Registering Private Limited Company Some of the benefits of opening a Private Limited Company in India:

Easy Fund Raising: The company registration process is credible that makes fundraising or borrowing from external sources easy. It itself offers ways to raise funds by private equity, ESOP (Employee stock ownership plan), etc.

Separate Legal existence: After the company registration, owners and managers have a separate identity. The company opens a bank account with its own name to carry the transactions, own assets and enter into a contract with parties. In the case of the defaulter, the company can sue the rights of their parties.

Owner’s Limited Liability: In case of financial distress, the owner of the company is not responsible to bear any loss. Their liability is limited to capital subscribed and paid by them.

Management and Ownership Separation: Management and ownership have separate entities. Hence, managers are responsible to focus on their potential work. The shareholders are responsible to operate and run the company without losing voting control.

Post Registration Compliances After the incorporation of the company, compliances are one of the areas that need to be done so that entrepreneurs can focus on core activities. Moreover, it helps organizations to make a proper system that defines the roles and duties of directors and shareholders. Professionals and experts at iconnectfinance.com help startups to keep post-registration compliances up-to-date.

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I Connect Financial Solutions simplifies the whole process of OPC Registration in Pune. We are an expert team of qualified professionals for One Person Company Registration in Pune.

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OPC Registration in Pune | One Person Company Registration in Pune

Are you an individual who is looking forward to establishing a business availing all features equal a Private Limited Company, then One Person Company is the best solution for you! One-person company viz. is also denoted as OPC. It is also phrased as “the one-man show”. OPC is formed and can be registered by one person (single), by an individual.

Required Documents Documents Required for Director:

(First 3 documents should be self-attested by directors)

PAN card or Passport of Directors (Scanned copy) Passport (for NRI, Foreign delicates) Scanned copy of Voting card or Driving license. Electricity bill/Bank account statement/Mobile bill/Utility Bill’s. One passport size photo Signature specimen Documents required for registration of company:

Scanned copy of Current Bank account statement/Electricity bill If the premise is rental then No Objection Certificate Rent Agreement If the premise is owned then the Sale Agreement/Property deed

One Person Company Registration in Pune OPC is ruled by the Companies Act, 2013. OPC is required to be registered as per the norms and provisions of the companies act, 2013. The concept of OPC is specially introduced and brought into light for individual entrepreneurs.

Last Few years Before, OPC came into focus in India to open up the market for individual entrepreneurs. OPC brought a change in traditional formats of business like PVT LTD CO., LLP, and Partnership.

OPC knocked as an opportunity for new entrepreneurs, investors, startups who were trying to establish and expand their business, allowing them the advantages of limited liability, owing separate legal entities, with less tax compliance. Get your business registered as One Person Company Registration with I Connect Financial Solutions.

Thus, this is the most preferred and accepted format under corporate business registration by entrepreneurs, startups, Investors, Businessmen in India, and across India.

What are you waiting for? Get associated with the most trustworthy and renowned firm in Pune backed by a team of experts who will guide you and help you throughout your journey. We understand, acknowledge, and then provide our best services and consultation to you. I Connect Financial Solutions would be a one-stop destination for your One Person Company registration (OPC registration) in Pune.

JOIN IN NOW!! FOR HASSLE-FREE REGISTRATION PROCESS & CONTINUOUS LEGAL GUIDANCE JUST ONE CALL AWAY!!

Minimum Requirements Minimum One Shareholders Minimum One Directors The directors and shareholders can be the same person. DIN (Director Identification Number) for all the administrators. DSC (Digital Signature Certificate) for all administrators. Minimum authorized capital required.

What You Get Director Identification No (DIN) Digital Signature (DSC) Name Approval Certificate Memorandum of Association (MOA) Articles of Association (AOA) Certificate of Incorporation Company PAN TAN (Tax deduction Account No.) Current Bank Account Opening Assistance

Frequently Asked Questions What are the requirements to register under OPC? – Minimum requirements to register under the OPC:

One shareholder One Nominee Note: In OPC formation director & shareholder can be the same person Director Identification Number. Digital Signature Certificate Who can do the registration under an OPC? – Registration under an OPC can be done by the residents of India, and that can be done only by one person.

Why should one opt for OPC? – An OPC is the best option for an individual or sole proprietor as it serves the benefits of limited liability, a separate legal entity with perpetual succession. Any individual who wants to start Pvt. Ltd. Co. can go for OPC.

Can one person start another OPC? – No. One person who has already started an OPC cannot register or start another OPC, this rule is applicable for nominees too.

Can you explain about Nominee? – In OPC the person who starts the business is the only director and shareholder of Co. Whereas the person is known as the nominee director, he/she can be a parent, siblings, or spouse. They can’t raise funds or offer employee stock options. Nominee can only overtake the Co. in case of death or disablement of the director.

What is the tax compliance under OPC? – For OPC it I’d mandatory to submit annual reports, annual compliance includes appointing an auditor, statutory audit, annual return filing, roc filing, KYC of directors. This also includes TDS filing, GST filing, etc…

But when you get associated with I Connect Financial Solutions, there is no need to worry about all the tax compliance we take care of it filing it in time.

Is it mandatory to hold AGM for OPC? – No. In an OPC there is only one person, who is the director as well as a shareholder of the company. So it is not required to hold an AGM.

Is appointing an auditor compulsory for OPC? – OPC serves all benefits as the Pvt. Ltd. Co. including all it’s legal & tax compliance. It is mandatory for OPC to get books of accounts audited by CA (Chartered Accountant) and thus appointing auditor is complusary.

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Are you individual who are looking forward to establish business availing all features equal as Private Limited Company, then One Person Company is best solution for you! One person company viz. is also denoted as OPC. It is also phrased as “the one man show”. OPC is formed and can be registered by one person (single), by an individual

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LLP Registration in Pune. Iconnectfinance is a leading LLP Registration Consultants in Pune, which has developed a high specialization in the field of LLP Registration.

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LLP Registration in Pune | LLP Registration Consultants in Pune | LLP Registration services in Pune

LLP is a business registration format that goes hand in hand with the advantage of fewer tax compliances and consists of limited liability. Yes, you’re right, if you’re finding out company registration format instead of Pvt. Ltd. Co. or Partnership firm then limited liability Partnership i.e. LLP is that the answer. Facilitate your Firm/Co. registered under LLP with ease, providing cost/value – time-effective services. at 5999/- INR Only

Required Documents Proof of Identity (anyone): Passport/PAN Aadhaar-card/Voter ID Driving Licence Passport Size photo of all directors Proof of Resident(anyone): Mobile bill/Telephone bill/Bank Statement/Electricity Bill. Note: If the place is rented the NOC is required. Address proof of Office (anyone): Electricity bill/Index 2/Corporate tax receipt of the company

Information Required:

Name of Co. Nature of Co. Email Id Mobile No. Date of commencement Shareholding patterns of Directors Qualification of Directors Steps for LLP Registration in Pune

Step 1 Submit a Scanned copy of the documents

Step 2 Acquire DSC DPIN

Step 3 We will prepare legal documents

Step 4 Filing of an LLP agreement is done

Step 5 Get LLP Incorporation certificate

Step 6 Get PAN and TAN

Limited Liability Partnership is a partnership where the liability of some or all partners is limited to the amount they have put into the business. LLP is a form of business straightforward to manage and has a separate legal entity. It is ruled by liability Partnership Act, 2008. LLP is the most custom-made format of company registration, amongst Professionals (CA Doctors Lawyers, etc.), Micro and Small businesses.

The Time taken for the formation of the LLP is of 15-20 days, LLP does not enjoy perpetual succession but its possession is transferable. As compared to Private limited companies in LLP it is not compulsory to held yearly meetings, also it is not necessary to maintain statutory registers and there are fewer tax compliances. I Connect Financial Solutions would be a one-stop destination for your LLP Registration in Pune, Get registered your new LLP with the verified LLP Registration Consultants in Pune.

Why Register under LLP:

Minimum 2 members are required- In LLP formation the minimum no. of members required is two and there is no limit in maximum no. of members. Will register with zero capital i.e. no capital demanded Separate legal entity with Limited Liability Transferable possession Easy to Manage and Operate We assist you throughout the registration process, making it additionally convenient, giving time to time legal consolatory.  Our wide client base speaks as proof. In these many years, we have registered no. of LLP’s and helped the entrepreneurs in all the tax compliances providing the best financial solutions.

Your wait is over. Get associated with the most trustworthy and renowned legal advisors in Pune I Connect Financial Solutions, backed by a team of experts who will guide you and help you throughout your journey. We understand, acknowledge, and then provide our best services to you. I Connect Financial Solutions providing the best LLP Registration Services in Pune.

JOIN IN NOW!! FOR HASSLE-FREE REGISTRATION PROCESS & CONTINUES LEGAL GUIDANCE JUST ONE CALL AWAY!!

What You Get DIN (Director Identification No.) DPIN (Designated Partner Identification No.) Name approval of LLP LLP Deed PAN TAN Frequently Asked Questions Are LLP and Partnership Firms similar? No, LLP and Partnership Firm are different in terms of liability and formation process. LLP consists of Limited Liability whereas in Partnership Firm Liability of the Partner is unlimited. What does LLP stand for? LLP stands for Limited Liability Partnership. It is a type of Company registration and formation where partners have limited liability towards the business. What are the basic requirements of a partner joining LLP? For the formation of LLP, it is mandatory to have two designated partners, one of them should be a resident of India. Why should I opt for LLP? LLP is a form of business that serves the advantage of limited liability having the flexibility of a partnership. With LLP one can enter into contracts as it has a separate legal entity. Change in partners doesn’t affect the structure of the business as LLP has perpetual succession. Raising funds, managing, and operating a business in full fledge are benefits of LLP. Is it necessary to add LLP in name of Co.? Yes, according to LLP Act, 2008 it is mandatory to add “LLP” at the end of the name of Co. as it shows that the Co./firm is registered with MCA under LLP Act, 2008. LLP and Company are the same things? LLP is a combination of Pvt. Ltd. Co. and Partnership. It is neither a Company nor a Partnership, but LLP is nearly a company having a separate legal entity with limited liability. In LLP members are known as partners and not as directors or shareholders. Can I convert the existing partnership into LLP? According to the provisions of clause 58 and Schedule II of the LLP act, one can convert the existing partnership into the LLP. For the same form 17 needs to file with form 2 for the conversion and incorporation process of LLP. Can I convert LLP into Pvt. Ltd. Co.? According to provisions in Companies Act, 2013 Section 366 and Companies Rules 2014 conversion is possible. Minimum requirements for conversion: LLP must consist of 7 partners Approval of all partners is necessary Advertisement is to be given in the local and national newspaper NOC is to be acquired from ROC Then all the incorporation process is undertaken. Get Free Consultation https://www.iconnectfinance.com/legal_services/llp-registration-in-pune/

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LLP is business registration format which goes hand in hand with advantage of less tax compliances and consists of limited liability. Yes you’re right, if you’re finding out company registration format instead of Pvt. Ltd. Co. or Partnership firm then limited liability Partnership i.e. LLP is that the answer. Facilitate your Firm/Co. registered under LLP with ease, providing cost/value – time effective services.

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Partnership Firm is best solution and remedial for the entrepreneurs planning to start or expand their business especially for start-ups and new venture capitals. Under Partnership firm entrepreneurs have less tax compliances and more benefits.

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An ISO registration is important as it enhances the reputation of your service or product. There are different types of ISO certifications your business can apply for such as ISO 9001, ISO 14001, ISO 5001, etc.

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Trademark is a special unique sign like designs, pictures or even expressions that are used to identify goods or services from a certain company and it also differentiates products or services from one company to the other company.

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Company Registration Services in Pune | Company Formation in Pune

Puja Kasat is a MBA (Finance ) And Certified Licensing from Pune University in 2013 Puja Kasat is Committee director Of Udyog Dhara Group and awarded for Connecting Entrepreneurs & Co-founder of MPF South. She currently runs the best firm I connect financial solution in Mumbai, Pune,Jalgaon,Nanded,Nashik, and lot of branches in rest of Maharashtra as She has a deep understanding of the business environment coupled with sound financial and accounting background.

Her skills and experience have enabled to make this venture She is best in specializes in conducting Income Tax Returns & Statutory Audits of Companies, financial advisory of many corporate clients, handle assessment cases, Government Licensing, Due Diligence, Investigations and Business Valuations She has rich experience and the expert team has a big role to play in providing reliable Business Solution LLP. Because of this goodwill is known to manage the best firm in Pune and create a wide client base.

The variety of clientele belongs to different industries ranging from Banking, FMCG, Paper, Cables, Telecom, Hotels & Tourism, Real Estate, Media & Entertainment, Chemicals and Fertilizers etc. All the client’s testimonials nudge to the fact that they have received satisfactory services.

We Bring The Best For You

I Connect Financial Solutions offers you a vast range of company registration services in Pune that you need for establishing and running your business. We serve our clients with high-quality services and strive to build and develop a long-term customer relationship with our clients. We always focus on satisfying our client's demands and even advise and suggest better options as per our experience. There are many consultants in the market offering company registration services but we give you the best solution for all your business registration needs by analyzing, judging, and probing your future and present requirements and then offering you the best possible solutions. rather than just completing the job. Here we stand apart from others. We have so many returning customers for varied compliance services required post company incorporation. We help save your time and money. Register your company with no hassle with I Connect Financial Solutions and feel the difference.

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Searching For Company Formation in Pune? We provide a comprehensive guide to Company Registration Services in Pune and helps to register a company.

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I Connect Financial Solutions is one essay platform for Company Registration in Pune. Contact us for Company Registration Formation Consultants in Pune

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What are you waiting for? Get associated with the most trustworthy and renowned firm in Pune backed with team of expertise who will guide you and help you throughout your journey.

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I Connect Financial Solutions can help with the Company Registration process making it cost – time effective, hassle-free. Below are the advantages which will satisfy your quest for doing Registration under Private Limited Company.