No, commercial office space is not required. You can show your own residential or rented home address as the registered office address of the Company. This office address can be changed at any time after the incorporation of the company. Once your startup is set up, stable and ready to move on to a nice corporate space you can change the registered office address by informing to the ROC office.
ROC is a Government office with whom companies get registered. Every State has one ROC office except Maharashtra and Tamil Nadu where there are two ROC offices. In Maharashtra, companies are registered with Mumbai & Pune ROC. In Tamil Nadu companies are incorporated at Chennai and Coimbatore ROCs. In all other States like Delhi, there is only one ROC office, like at Bangalore, Hyderabad and so on.
No. Legal Suvidha Providers provides a complete online Company Incorporation process. All legal documentation with ROC and visits are done by Legal Suvidha Providers. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.
No. Once the company is formed, it will be valid until it is officially closed down by the owners. No renewal or fees is required. However, every year companies have to file very basic returns with ROC office.
Director Identification Number (DIN) is a unique identification number required for a person to become a director of a company. DIN is issued by the ROC office (Ministry of Corporate Affairs). It is similar to a PAN Card number.DIN is to be mentioned in documents while appointing a person as a director of a company.
A digital signature is an electronic signature, which is in the form of codes. It is used for signing the electronic forms, filed with ROC for the incorporation of Company. Digital Signature cannot be used in physical documents.
Firstly we just need to find a unique name as prefix and promoters need to provide the name of the proposed company along with the significance of the word. Secondly, the name needs to include a word about company business activity. Finally, before selecting Names it will be advisable to check on Google, MCA Portal, MCA Guidelines and Trade Mark site the availability of Name.
MOA means Memorandum of Association and AOA means the Articles of Association. These are the byelaw’s or rules based on which important matters like the main business of the company or meetings are decided. These are standard legal documents prepared by Company Secretaries during the registration of the Company.
Yes, the company office address can be changed anytime after incorporation.
Capital means investment made by shareholders into the company. The authorized capital is an amount up to which the company can issue shares. This capital is mentioned during the incorporation of the company based on which ROC registration fees and stamp duty is paid. Paid up capital is an actual investment that goes from shareholders into the company bank account, against which share certificate is issued by the company.
This is not true, a Private limited company is one of the modes of doing business, which means it can be started from scratch. For that matter, even after incorporating a private limited there is no obligation that the company must have sales or turnover.
There is no automatic applicability. Provident Fund (PF), Service Tax or VAT (now GST) law applicability is the same for all types of businesses as a sole proprietorship, partnership firms, and companies. These laws are applicable only after crossing certain threshold limits.
There is a minimum of two shareholders required to start a Private Limited Company and the number can extend maximum from fifty to two hundred beyond which is not permitted.
A minimum of two directors are required to establish a private limited company and the maximum amount cannot exceed beyond fifteen.
No minimum Capital is required to start a Private Limited Company.
Yes, a salaried person becomes the director in private limited company, there are no legal bondage’s in this, but you have to go through with your employment agreement if it contains any restrictions on doing so.
Yes, an NRI or Foreign National can be a Director in a Private Limited Company after obtaining Director Identification Number. However, at least, one Director on the Board of Directors must be a Resident of India.
No, LLP cannot be converted to a Private Limited Company as it is not permissible by the government of India. However, if you want to expand your business you can register a Private Limited Company which has simplified the process of registration.
The Director required to be above 18 years of age and must be a natural person. He may or may not be a citizen or residence of India. We can say that even a foreign national can be Directors in Indian Private Limited Company.
The Common Seal is the official signature of the company. Any documents on which the Common seal is affixed is deemed to be signed by the company.
A Company can own and enjoy the property in its name, neither the members are not owners of the company’s property and nor the members have an insurable interest in the property of the company.
A Private Limited Company must appoint an Auditor and get its statutory audit done by a Chartered Accountant at the financial year end and it also required to file Income Tax Return to Income Tax Department. Besides, that, a company also required to file its Annual Filling Forms with Registrar of Companies. Further, the Private Limited Company must conduct Board Meeting at least once in every 3 months and an Annual General Meeting, at least once in every year and also maintain Minutes of every Board Meetings and General Meetings and Statutory Registers.
Yes, a private limited company must appoint an auditor, no matter what its revenues. An auditor must be appointed within 30 days of incorporation. Compliance is important with a private limited company to avoid the penalties and fines.
Once a Company is incorporated, it will be active and in-existence as long as the annual compliance are met with regularly. In case, annual compliance’s are not complied with, the Company will become a Dormant Company and may be struck off from the register after some time.
Yes, it is possible without your physical presence. We will help you in registering your company.
After getting an incorporation certificate, apply for PAN, TAN & Bank Account.
