#private limited company registration in mumbai

[surideepak23]

Steps You Should Know About Private Limited Company Registration in Mumbai 

A privately held firm for small enterprises is known as a private limited company. This business structure prohibits shareholders from openly selling shares, caps the number of shareholders at 200, and limits owner liability to their shareholdings. It is intriguing that the most popular option for firms in Mumbai to incorporate as legal entities is through a Private Limited Company. Here mentioned are the steps you should know about private limited company registration in Mumbai: 

What is a Private Limited Company? 

Shares of a Private Limited Company are not exchanged on a stock exchange and can only be sold with the approval of other shareholders. The company's largest shareholder would find it easier to invest more money if it became a private limited company rather than a public one. Shareholders are not accountable for the debts and legal obligations of the corporation because of limited liability.  

The steps to register a Private limited company in Mumbai are: 

Step 1: DSC Application:   

Request Directors' and Shareholders' Digital Signatures. E Mudra and other government-approved suppliers are eligible to apply for the DSC. 

Step 2: Name Approval: 

Utilize the MCA system to apply the intended Pvt Ltd firm name. The name cannot be confused with any existing brand or company. You can check the guidelines for the company name here. 

Step 3: Prepare Documents:  

Prepare the necessary paperwork, such as INC 9, MOA, and AOA. 

Step 4: File Spice:  

Submit the last version of the company registration form. The certificate of incorporation will then be sent to your mail ID.  

Step 5: CIN:  

You will receive the Certificate of Registration, Pan, and Tan, on the applicant's email address if the MCA authorizes the firm registration. 

Advantages of Private Limited Company Registration in Mumbai: 

Creating a Pvt Ltd company registration in Mumbai has several benefits. A few of them consist of: 

Limited Liability:  

A Private Limited Company's shareholders are shielded from personal asset losses if the business encounters financial or legal difficulties. 

Credibility:  

Compared to sole proprietorships or partnership firms, private limited companies are seen as having greater credibility in the marketplace. A private limited company registration makes attracting investors and obtaining loans easier. 

Perpetual Existence: 

A Private Limited firm has eternal existence, which implies that it will be in operation even if a shareholder decides to leave the firm or goes away. 

Easy Transferability:  

In a Private Limited Company, transferring ownership is simple. A shareholder's ability to sell their shares to other parties does not impact the company's ability to continue operating. 

Thus, you can follow the above easy steps to have a private limited company registration in Mumbai. 

[legaloblog]

Streamlined Private Limited Company Registration in Mumbai

Get your private limited company registration in Mumbai done with Legalo and get started on your business journey. We offer a comprehensive registration service that includes name reservation, drafting of MOA and AOA, and filing of documents with the Registrar of Companies. Our team of experts will be with you every step of the way, ensuring that your company is registered smoothly and efficiently.

[legalbabu]

Ready to transform your entrepreneurial vision into a fully-fledged business entity? Look no further! Legal Babu brings you a seamless and swift Private Limited Company Registration in Mumbai. With our expert guidance, you can steer clear of the complex paperwork labyrinth. Picture this: No more drowning in legal jargon or bureaucratic red tape. Our streamlined process empowers you to go from concept to a fully registered company with unmatched ease.

[devnair32]

What Documents Are Required for the Establishment of a Private Limited Company?

Private Limited Company is the most chosen and significant business unit category as acknowledged in India. To register a private limited company, a minimum of two stakeholders and two directors are obligatory. Documents are an essential part of the private limited company registration in Mumbai. If the documents do not match as you wanted, you are not allowed to join the company. You will keep getting questions and be asked for resubmission until you submit the vital documents. So be more cautious while proceeding with documents. On this page, you will get to know about the documents required for the establishment of a private limited company:

Documents needed for Directors or Shareholders:

There are a few variances in the documents demanded in the case of Indian nationals and foreign nationals. For private limited company registration, the Directors or Shareholders want to provide the subsequent documents:

For Indian Nationals:

Aadhaar Card copy:

Submitting Aadhaar Card copies of all the directors and shareholders is obligatory as it obliges a significant identity. 

Passport-size photograph:

Your photograph should be attached with all the vital documents for company registration as identity evidence. Also, while getting a Digital Signature Certificate, a photograph is compulsory.

PAN card copy:

A PAN card is an essential document. All your records, such as Voter ID, Aadhaar Card, Passport, Driving License, etc., should match perfectly and be updated before submitting for company registration.

Identity Proof copy:

You can equip your Passport, Voter ID, or Driving License in a self-attested format as evidence or Proof of your identity.

Address Proof copy:

Along with the identity proof, you must also provide a copy of the address proof. You can submit any subsequent record or documents for this: telephone bill, mobile bill, electricity bill, or bank account statement. These bills should be within two months.

For Foreign Nationals:

All documents demanded by pvt ltd company registration should be certified for foreign directors and associates.

Passport:

Foreign nationals must equip or provide their passport as nationality proof. If your passport is in a foreign language, it should be translated into English before registration.

Passport Size Photograph:

You must submit passport-size photographs, particularly for DSC registration.

Address proof:

As a foreign national, you can link any of the documents mentioned below for address proof:

Residence Card

Driving License

Bank Account Statement with the current transactions

Utility bills should not exceed two months

Documents for Registered Office:

Business Address Proof:

You can submit any one of the water bills, telephone bill, electricity bill, or gas bill of the registered office as business address proof. The bill should be, at most, the limit of 2 months at the time of registration for making the certificate of incorporation.

Rented Business Property

If you are running the company from a rented property, Rent Agreement, and NOC from the owner must be submitted to register it.

Owned Business Property:

A No Objection Certificate must be submitted even if it is your property because the company and owner share separate authorized units in the business. 

Resource Box: Ensure you have all these documents before considering pvt ltd company registration in Mumbai. Shah And Doshi provide you with a range of services from registrations to tax compliances, incorporations, etc., and fantastic professional support to their customers.

[bizcruise]

What steps are involved in forming a business in Mumbai?

Mumbai is the finance capital of India. It is one of the best and most advantageous locations in India for conducting business because of its excellent business environment, and proximity to other significant regions of the country. Mumbai is a significant city that makes significant contributions to the nation's export and import concepts.

We bizcurize, and provide a full range of company registration services in Mumbai, making it possible for any business, regardless of size or type, to get in touch with us and take advantage of the best offerings for LLP, LLC registration in Mumbai, private or public company registration in Mumbai, among other business types.

Documents required for the Pvt. Ltd Company Registration in Mumbai

The following documents are mandatory for the Pvt. ltd. company registration in Mumbai:

For Directors                                                                          for Registered Office

Ø  Copy of PAN Card                                                                            Copy of Latest Bank Statement

Ø  Copy of Aadhar Card                                                                      Copy of Electricity Bill

Ø  Copy of Latest Bank Statement                                                 Copy of Rent Agreement

Ø  Scanned Passport photograph of Directors                          Copy of LOC

Mandatory requirements for company registration in Mumbai

·         The following points are the basic requirement for company registration in Mumbai

·         There should be a minimum of 2 Directors and a maximum of 15 Directors. At least one Director should be an Indian citizen.

·         A private limited company in Mumbai needs to have two shareholders, at the very least. 200 is the maximum number of shareholders.

·         Any person or organization is eligible to become a shareholder in a private limited company.

·         You must have a registered office in India if you want to form a private limited company in Mumbai.

·         Any company requesting registration as a Private Limited Company Registration in Mumbai must have a minimum share capital of one lac.

Process of Company registration in Mumbai:

Here are some steps for online company registration in Mumbai:

ü  Get DSC

ü  Request a DIN

ü  Application for name availability in step three

ü  Providing the MoA and AoA to register a private limited company

ü  Register the company's PAN and TAN.

ü  RoC issues an incorporation certificate with a PAN

 Advantages of Pvt. Ltd. Company registration in Mumbai:

Private Limited Company registration in Mumbai has many benefits. Some of them we discuss here:

ü  Your business is given legal status and a unique legal personality through a Private Limited registration. The shareholders' obligations are reduced as a result.

ü  It's simple to start a Pvt. Ltd Company because you simply need two directors.

ü  It is simple to get money for Pvt Ltd Company from banks, venture capitalists, and other financial organizations.

ü  "Perpetual existence" is a benefit to the Pvt Ltd Company. This implies that the business can continue operating normally even in the event of a member's death or inability to carry out their tasks.

ü  The Board meetings are open to the Directors, who are welcome to speak during any relevant discussions.

ü  The amount of shares a shareholder owns directly impacts their legal liability.

Bizcruize is a one-stop solution for business problems. Our professional and expert team will handle all your private Limited company registration in Mumbai. For more information visit our website “bizcruise. in”

 Source link: https://legalservicce.blogspot.com/2022/10/what-steps-are-involved-in-forming.html

[daman122123]

How to Register a Company in Daman: A Step by Step Guide

Why Register a Business in Daman?

Daman offers several advantages for businesses. Its location provides easy access to major cities like Mumbai and Surat. Additionally, the region has tax incentives and relaxed regulatory frameworks that help reduce the overall cost of doing business. Entrepreneurs also benefit from lower operating costs compared to neighboring regions. Moreover, registering a company in Daman is relatively straightforward, making it an ideal choice for both startups and established businesses.

Types of Companies You Can Register

Before delving into the registration process, it’s essential to understand the different types of companies you can register in Daman:

Private Limited Company (Pvt Ltd): Suitable for businesses looking to raise capital, Daman register this structure limits liability to shareholders’ investments and is often preferred by startups.

Limited Liability Partnership (LLP): An LLP combines the benefits of a company and partnership. Partners are only liable for their capital investment, making it a safer choice for small businesses.

One Person Company (OPC): Ideal for solo entrepreneurs who wish to retain full control of their business while limiting personal liability.

Sole Proprietorship: The simplest form of business structure, Daman game login a sole proprietorship involves minimal compliance but offers no protection of personal assets.

Public Limited Company: This structure is ideal for large enterprises that plan to raise capital from the public. However, it comes with more stringent regulatory requirements.

Steps to Register a Company in Daman

Choose a Company Name

The first step is to choose a unique name for your company. The name should not infringe on any existing trademarks or resemble the names of already registered companies. You can check the availability of your desired name on the Ministry of Corporate Affairs (MCA) portal.

Obtain a Digital Signature Certificate (DSC)

To proceed with online registration, Daman login you’ll need a Digital Signature Certificate (DSC). This is mandatory for signing electronic documents during the registration process. You can obtain a DSC from any government-authorized agency.

Apply for Director Identification Number (DIN)

Each company director must obtain a Director Identification Number (DIN). You can apply for a DIN through the MCA portal by submitting proof of identity and address.

Prepare the Required Documents

You will need the following documents for company registration:

Proof of identity (PAN card, Aadhaar card) of directors.

Proof of address (utility bill, rent agreement) of directors and the registered office.

Memorandum of Association (MoA) and Articles of Association (AoA).

Passport-sized photographs of the directors.

File for Incorporation

Once all documents are ready, Daman game download file an online application for incorporation through the MCA portal. You will be required to submit the MoA, AoA, and other relevant documents during this stage. The system will also prompt you to pay the necessary registration fees.

Obtain the Certificate of Incorporation

After the application is reviewed and approved by the Registrar of Companies (ROC), you will receive a Certificate of Incorporation. This certificate signifies that your company is legally registered and can commence business operations.

Post-Registration Compliance

After successfully registering your company, you need to comply with certain post-registration requirements:

GST Registration: If your company’s turnover exceeds a specific threshold or if you are engaged in inter-state trade, you will need to register for Goods and Services Tax (GST).

Tax Registration: You must register for applicable taxes such as corporate income tax, professional tax, and others based on your business activity.

Trademark Registration: If you wish to protect your brand, consider registering your trademark.

Opening a Bank Account: You’ll need to open a corporate bank account in the name of your company for financial transactions.

[beauila-blog]

Microsoft Invests ₹520 Crore in Pune's Hinjewadi with Major Land Acquisition

In a notable move highlighting its expanding footprint in India, global tech giant Microsoft has invested ₹519.72 crore in a prime 16.4-acre land parcel in Pune’s Hinjewadi area. This acquisition, confirmed by Square Yards, marks Microsoft's continued commitment to bolstering its commercial real estate holdings in one of India’s key IT hubs.

According to the registration documents, Microsoft Corporation (India) Private Limited purchased 66,414.5 square meters of land from Indo Global Infotech City LLP. The transaction, registered in August 2024, also involved a stamp duty of ₹31.18 crore and a registration fee of ₹30,000.

This latest investment follows Microsoft's previous real estate ventures in India. In 2022, the company acquired a 25-acre plot in Pimpri-Chinchwad for ₹328 crore. Earlier this year, Microsoft also secured 48 acres in Hyderabad for ₹267 crore. These strategic acquisitions are part of Microsoft's broader plan to enhance its infrastructure, particularly for its data center operations. The company's existing data centers are spread across Pune, Mumbai, and Chennai, reinforcing its presence in major Indian markets.

Microsoft’s operations in India are robust, with a workforce exceeding 23,000 employees across cities such as Bengaluru, Chennai, Hyderabad, Mumbai, and Pune. These teams are engaged in various business functions including sales, marketing, research, development, and customer support.

In addition to its real estate investments, Microsoft has launched a significant skilling initiative in India. Early this year, the company introduced the ADVANTA(I)GE INDIA program, aimed at equipping 2 million individuals with AI and digital skills by 2025. This program, part of Microsoft’s “Skills for Jobs” initiative, reflects the company’s commitment to preparing a future-ready workforce in the digital age.

[buyindiahomess]

Kings County – Luxury Redefined in Wakad by King’s Marque Group

Kings County, a luxurious residential project by King’s Marque Group, is set to redefine modern living in Wakad, Pune. Offering 3 & 4 BHK apartments ranging from 1093 to 1540 sq.ft., this exclusive project is thoughtfully designed to provide a blend of elegance, comfort, and functionality. Spread across 2715.32 sq.m (0.67 acres), with four towers comprising 64 units, Kings County is an epitome of opulence in one of Pune’s most sought-after locations.

Each apartment at Kings County is meticulously crafted to maximize space, natural light, and ventilation, offering residents a harmonious living environment. The spacious layouts and premium fittings reflect the project’s commitment to luxury and fine living. With a focus on quality craftsmanship and innovative design, the apartments create a perfect balance of style and comfort. Residents will enjoy expansive living areas, modern kitchens, and serene bedrooms, all designed to provide a refined lifestyle experience.

Wakad is fast emerging as one of Pune’s prime residential destinations, owing to its proximity to the Hinjewadi IT Park and excellent connectivity to major areas such as Baner, Aundh, and Pimpri-Chinchwad. Kings County is strategically located to offer easy access to workspaces, educational institutions, healthcare facilities, and entertainment hubs, making it an ideal home for professionals and families alike. The project’s close proximity to the Mumbai-Pune Expressway ensures convenient travel between the two cities, enhancing its appeal as a prime residential hub.

The amenities at Kings County have been carefully curated to meet the lifestyle needs of its residents. The project boasts a state-of-the-art fitness center, a well-maintained swimming pool, and beautifully landscaped gardens where residents can relax and unwind. A children’s play area provides a safe and fun environment for kids, while the multi-purpose hall is perfect for hosting social events and gatherings. 24/7 security, ample parking space, and power backup ensure that residents enjoy a hassle-free living experience.

With a MahaRERA registration (P52100055635) and a proposed completion date of December 2027, Kings County offers an exclusive opportunity to own a luxurious home in the vibrant city of Pune. Whether you’re looking for a modern home or an investment opportunity, Kings County by King’s Marque Group delivers unparalleled value and comfort.

Company Name - Buy India Homes Digital Private Limited

Agent MahaRERA No - A52100019166

Contact N0 - +91 8181817136

Project MahaRERA No - P52100055635    

MahaRERA website - https://maharera.mahaonline.gov.in/

[corpbizlegal]

Why Bulk Company Registration is the Smart Choice for Expanding Businesses

Expanding businesses often face the challenge of managing multiple registrations efficiently. Bulk company registration offers a streamlined process to set up multiple entities simultaneously, saving time and reducing costs. In this blog, we explore why bulk registration is advantageous and provide insights into the company registration process in Maharashtra.

1. Understanding Bulk Company Registration

Bulk company registration involves registering multiple companies at once, a process beneficial for businesses looking to expand rapidly. This method is particularly useful for businesses aiming to establish a presence in multiple locations or sectors. The company registration process in Maharashtra can be streamlined by understanding local regulations and leveraging bulk registration to manage all requirements simultaneously.

For businesses expanding in Maharashtra, understanding how to register a Pvt Ltd company in Maharashtra is crucial. The process involves choosing a unique company name, preparing documents such as the Memorandum of Association (MOA) and Articles of Association (AOA), and filing the necessary forms with the Registrar of Companies (ROC). Bulk registration helps consolidate these steps for multiple entities, reducing administrative burden and ensuring consistency across registrations.

2. Benefits of Bulk Company Registration for Expanding Businesses

Bulk company registration provides several advantages for expanding businesses. First, it reduces the time spent on repetitive administrative tasks. Registering multiple companies individually can be time-consuming and costly, especially when dealing with different types of company registration in Maharashtra, such as private limited companies, limited liability partnerships (LLPs), and public limited companies.

Another significant benefit is cost savings. Registering companies in bulk often comes with reduced fees or bundled services, which can lower overall expenses. Additionally, businesses can ensure all legal and compliance requirements are met uniformly across all registered entities, minimizing the risk of errors or omissions that could lead to penalties.

3. Navigating the Online Company Registration Process

With advancements in digital tools, online company registration in Mumbai has become a popular option for businesses. Online registration platforms allow companies to complete the registration process remotely, making it easier to manage bulk registrations without the need for physical paperwork.

When registering multiple companies online, it’s essential to ensure that each registration complies with local regulations in Maharashtra. Businesses should familiarize themselves with the online registration platform, understand the required documentation, and check for any specific requirements for different types of company structures. This preparation helps streamline the process and reduces the likelihood of registration delays.

4. Types of Company Registration in Maharashtra: Choosing the Right Structure

Choosing the right type of company structure is crucial for any business looking to expand. In Maharashtra, there are several options, including private limited companies, public limited companies, LLPs, and one-person companies (OPCs). Understanding the types of company registration in Maharashtra can help businesses decide the most suitable structure for each new entity, depending on their specific goals and needs.

For example, a private limited company is ideal for businesses that want limited liability protection and flexibility in operations. On the other hand, an LLP might be more suitable for professional services firms that require a partnership structure with limited liability. Bulk registration allows businesses to register multiple entities with different structures simultaneously, catering to various operational needs under a unified expansion strategy.

Conclusion

Bulk company registration is a strategic choice for businesses looking to expand efficiently in Maharashtra. By understanding the benefits and navigating the online registration process, businesses can save time, reduce costs, and ensure compliance across all registered entities. Whether you are figuring out how to register a Pvt Ltd company in Maharashtra or deciding between different company types, bulk registration offers a streamlined solution for growing enterprises.

[legaloblog]

How to Register a Private Limited Company in Mumbai

The most prevalent and popular kind of legal corporate entity in our nation is the Private Limited Company. So, looking for private limited company registration services in Mumbai? Let Legalo experts help you take care of it. Connect with us today!

[legalbabu]

10 Steps to Register a Private Limited Company in Mumbai

Pursuing the establishment of a private limited company in Mumbai stands as a momentous stride towards cementing your business presence in a preeminent economic nucleus. Mumbai, often hailed as India's financial epicenter, unfurls a myriad of prospects across diverse industrial spectra. Embedded within this exhaustive compendium are elucidated instructions that shall escort you through the precise sequences imperative to register a private limited company in Mumbai.

1. Conduct Thorough Market Research

Before commencing your odyssey toward the registration of your private limited company registration in Mumbai, it is of paramount importance to effectuate a sweeping market inquiry. Delve into the intricacies of your target demographic, dissect your competitors' stratagem, and distill the singular value proposition that your enterprise pledges to usher into the market milieu. This investigative endeavor not only unfurls the compass for your commercial maneuvers but also orchestrates a pivotal role in the forthcoming phases of corporate registration.

2. Choose a Suitable Business Name

The selection of a felicitous business appellation extends beyond the realm of mere formality – it takes on the mantle of a pivotal facet governing your brand's identity. It is imperative that the nomenclature elected resonates with the essence of your business and dovetails seamlessly with your offerings. A thorough scouring is requisite to ensure that the chosen cognomen is bereft of registration within the ambit of any other corporate entity. The Registrar of Companies (RoC) propounds definitive criteria governing business designations; hence, an adherence thereto is incumbent.

3. Draft the Memorandum and Articles of Association

The Memorandum of Association (MoA) and the Articles of Association (AoA) stand forth as seminal codices enunciating the enterprise's objectives, modus operandi, and internal protocols. The procurement of professional legal tutelage is meritorious to meticulously draft these documents, imbuing them with scrupulous adherence to the tenets prescribed within the Companies Act and other pertinent statutory legislations.

4. Appoint Directors and Shareholders

pvt ltd company registration in Mumbai mandates a minimum quorum of two directors and an equal number of stakeholders. While the directors orchestrate the managerial compass of the company, the stakeholders wield proprietary stakes. The nominated directors must satiate the eligibility benchmarks and harbor a lucid grasp of their roles and corresponding responsibilities.

5. Obtain Director Identification Number (DIN) and Digital Signatures

Directors are appointed to procure a Director Identification Number (DIN) from the Ministry of Corporate Affairs (MCA). Additionally, digital signatures proffer a sine qua non for the online lodgment of documents. These digital imprints substantiate the veracity of electronically submitted documents.

6. File for Incorporation

With all the preconditions duly fulfilled, the juncture arrives to file for company incorporation through the Registrar of Companies (RoC). The solicitation necessitates the annexure of the MoA, AoA, and supplementary mandated forms. The RoC, in its purview, subjects the submission to review, and upon accord, disburses a Certification of Incorporation.

7. Obtain a Permanent Account Number (PAN) and Tax Registration

In the wake of procuring the Certification of Incorporation, the procedural compass guides one to solicit a Permanent Account Number (PAN) from the Income Tax Department. This identifier proves indispensably germane for tax-mediated transactions. Simultaneously, consideration ought to be accorded to enlistment for Goods and Services Tax (GST), contingent upon its pertinence to the compass of business activities.

8. Open a Business Bank Account

To expedite the fiscal overtures, it befits the norm to inaugurate a corporate bank account under the rubric of the company's designation. This repository shall serve as the conduit for financial transactions in its entirety. Establishing a discrete business account exalts the virtues of transparency and legislative conformity.

9. Comply with Local Regulations

Consonant with the proclivities of your commercial pursuits, requisites might manifest for the acquisition of licenses and permissions from local governing bodies. Diligent observance of the pantheon of regulatory prerogatives stands pivotal to stave off potential jurisprudential encumbrances.

10. Maintain Ongoing Compliance

Post the formal registry of your private limited entity, unwavering adherence to the paradigms of legal and regulatory architecture emerges as a sine qua non. This embraces the expeditious lodgment of annual returns, fiscal statements, and unfailing fidelity to tax-related obligations.

Conclusion

Enlisting a private limited company in Mumbai mandates meticulous strategizing, exhaustive documentation, and unstinting fealty to jurisprudential protocols. The fidelity to these comprehensive conduits avails a vantage to unfurl your corporate entity within the tapestry of India's pulsating economic nucleus. As you embark upon this sojourn, recollect the essence of seeking scholarly counsel and sustaining vigilance towards transformative shifts within the legal landscape, liable to exert an impact upon your entrepreneurial trajectory.

[mmvoraassociates]

COMPANY LAW & ROC MATTERS

Incorporation & Registration :

Incorporation of Private Companies, Public Companies, Section 8 Companies i.e. non profit association, Limited Liability Partnership (LLP).

Conversion of Private Limited Companies into Public Limited and vice versa.

Conversion of Proprietorship concern, Registered Partnership firm into Private or Public Limited Company or LLP.

Registration of foreign Companies in India (Branch offices / Liaison offices / Project offices).

Representation before Statutory Authorities :

Representation before Registrar of Companies, Regional Director, National Company Law Tribunal in various matters.

Representation before Stock Exchanges for their approval for various matters like Mergers, Split of Share Certificates, Further Issues of Shares, etc.

Statutory Compliances :

Maintaining various registers as required under the Companies Act, 2013. Assisting in preparing and maintaining the Minutes of the Meeting of the Board of Directors, Shareholders and Creditors and various committees.

Certification & Reports :

To issue various certificates required under the Companies Act, 2013, FEMA, Stock Exchange, SEBI etc. (only for our retainer clients).

Winding Up & Dissolution of the Company :

Strike off the name of the Company as per Section 248 of the Companies Act, 2013.

Voluntary winding up of the Company.

Winding up of the Company by Tribunal.

To know more: https://www.caassociates.in/services/roc-filing-services-company-in-mumbai/

[ippnoida]

Green advertising provider CashurDrive's initial public offering

CashurDrive Marketing Limited, a green media publicity services provider in India, announced the filing of its Draft Red Herring Prospectus (DRHP) with NSE Emerge. The company’s initial public offering comprises a fresh issuance of 35,42,400 equity shares and an offer for sale of up to 11,37,600 equity shares, each with a face value of Rs 10, through the book-building route. The offer for sale is by selling shareholder Parveen K Khanna.

According to DRHP, CashurDrive intends to utilize Rs. 27 crore of the total proceeds from the IPO to fund its working capital requirements and plans to use the remaining capital for general corporate purposes.

The Noida-headquartered company’s portfolio includes transit media, outdoor media, digital wall painting media, events and promotion, and digital marketing services, all woven into a cohesive strategy aimed at reducing carbon footprints.

The company's eco-friendly initiatives have secured advertisement rights on 1100 EV buses, coupled with strategic agreements to establish EV charging stations with advertising rights, showcasing CashurDrive's commitment to sustainable practices. The company has secured orders from CREST and HITES for setting up 112 EV charging stations and battery swapping stations for 10 years with advertisement rights on the stations.

One of the standout features of CashurDrive’s approach is its partnership with CashurDrive Electric Vehicles, solidifying its leadership in the emerging market of ESG-compliant green media advertising. Through this alliance, CashurDrive holds an additional 77 outdoor advertisement opportunities on EV charging and battery swapping stations, making a total of 189 EV charging stations and swapping stations, a testament to its dedication to clean energy and sustainable green media.

Corporate Capital Ventures is the exclusive book-running lead manager to the offer, and Bigshare Services Private is the registrar.

CashurDrive’s accreditation with the Indian Newspaper Society (INS) and registration with DAVP and the government of various states shows its commitment to delivering high-quality services in the advertising industry. With its branches strategically located at Chandigarh, Lucknow, Mumbai and Noida, CashurDrive has established a strong network of clients across India through which it serves its customers across several sectors such as pharmaceuticals, education, electronics, automobiles, FMCG, apparel, insurance, housing, hospitals, financial services, aviation, and government organizations.

Founded in 2009 by an IIT alumnus Raghu Khanna, CashurDrive initially focused on commercial vehicles like transit space, later expanding into a full-service advertising agency including outdoor, TV, print ads, bus branding, auto hood branding, digital wall painting, billboard advertising, and outdoor campaigns.

The company has been dedicated to advertisements, eMobility, and EV infrastructure. This includes strategic partnerships with various charge point operators (CPOs), which solidify its leadership in the emerging market of EV advertising.

CashurDrive registered Rs. 102.63 crore in revenue from operations with a profit (PAT) of Rs. 11.83 crore in the fiscal year 2023-24, compared to Rs. 81.89 crore in revenue from income and a profit (PAT) of Rs. 5 crore in FY2022-23.  

[kanakkupillai-trademark]

Understanding the Legal Requirements for Registering a Company in Mumbai

Registering Your Company in Mumbai, Maharashtra: A Step-by-Step Guide

Introduction:

Setting up a Company Registration in Mumbai, Maharashtra, can be a strategic move given its thriving business ecosystem and vibrant market. To navigate the registration process seamlessly, follow this step-by-step guide tailored to Maharashtra's regulatory framework requirements.

Step 1: Choose a Business Structure

Select the most suitable business structure for your venture, whether a sole proprietorship, partnership, limited liability partnership (LLP), private limited company, or others. Each structure has legal and tax implications, so choose wisely based on your business goals and requirements.

Step 2: Obtain a Director Identification Number (DIN) and Digital Signature Certificate (DSC)

Directors of a Company Registration in Mumbai must obtain a Director Identification Number (DIN) from the Ministry of Corporate Affairs (MCA) and a Digital Signature Certificate (DSC) for online document filing. These are essential prerequisites for company registration.

Step 3: Reserve the Company Name

Choose a unique name for your company and check its availability on the Ministry of Corporate Affairs (MCA) website. Once you've found an available name, reserve it through the online portal by filing Form INC-1.

Step 4: Prepare the Required Documents

Gather the necessary documents, including identity proof, address proof, photographs, and other relevant certificates for the proposed directors and shareholders of the company. Additionally, prepare the Memorandum of Association (MOA) and Articles of Association (AOA) in the prescribed format.

Step 5: File for Incorporation

Complete the application for company incorporation by filing the required forms (e.g., SPICe+) along with the necessary documents and payment of prescribed fees. Ensure all information is accurate and up-to-date to avoid delays or rejections.

Step 6: Obtain a Certificate of Incorporation

Upon successfully processing your application, the Registrar of Companies (RoC) will issue the Certificate of Incorporation. This legal document signifies the formation of your company and includes details such as company name, registration number, and date of incorporation.

Step 7: Apply for PAN and TAN

After obtaining the Certificate of Incorporation, apply for your company's Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN). These are essential for tax compliance and business operations.

Step 8: Register for GST

Register for Goods and Services Tax (GST) through the GST portal if your company's turnover exceeds the prescribed threshold. This registration is mandatory for businesses that supply goods or services.

Conclusion:

By following these steps diligently, you can Company registration in Mumbai, Maharashtra, and embark on your entrepreneurial journey with confidence. Remember to comply with all legal and regulatory requirements to ensure smooth business operations and long-term success.