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FAQ Category: FAQ Page
FAQ Category: FAQ Page
How to appoint/ induct Director in the Company & Partner in LLP?
Minimum 2 directors for Private Company & 3 for Public Company & minimum 2 Designated Partners for LLP are required. One Person Company can have only 1 Director. Companies Act & LLP Act has specified qualifications/ disqualifications for appointment as Director/ Partner. There is also a provision for vacation of office on happening of certain
DetailsHow to setup & maintain registered office for Company/ LLP?
Every Company and LLP needs to have registered office in the jurisdiction of registrar, where it was registered. Registered office could be a rented or owned place. In order to maintain registered office for a company, documents of ownership of place, no objection letter of owner, rent agreement is required. Company may at the time
DetailsHow subscribers/ partners will deposit their agreed share money/ contribution in the Company/ LLP?
While formation of a Company, promoters subscribe to Memorandum of Association & agrees to take up number of equity shares stated therein. Similarly in LLP, promoter/ partners agree to bring in capital contribution. Such commitment is mandatory to fulfil post formation of entity. Upon opening of banking account of the Company, promoters are required to
DetailsOn formation of a company can I immediately commence the business (COB)?
Within 6 months of formation & before commencement of business, every Company is required to undertake & complete compliances relating to commencement of business. COB compliances are about establishment of registered office for the company & opening, activation of Banking Account & deposit of subscription money by the promoters in the said account & allotment
DetailsWhat are the steps after Incorporation of LLP?
Post formation of LLP, you will receive the Registration Certificate from MCA via email. Within 30 days of formation of LLP, partners are required to prepare, execute & file LLP agreement defining the terms & conditions between themselves in respect of LLP & its Business. Drafting of LLP agreement is very vital & needs in-depth
DetailsWhat are the steps after Incorporation of Company?
Usually on incorporation of a Company under MCA system, you will get the integrated facility of applying for income tax Permanent Account Number (PAN), Tax Deduction Account No (TAN), and with another specified Form Professional Tax Registration Number (PT), Goods & Service Tax Number (GST), ESIC and EPFO registration . It also provides you facility
DetailsHow to form a Start-up Company?
If you have a business idea & want to convert the idea into scalable business, you would be required to form a Start-up entity. It would be advisable to choose a Company or LLP form of business to undertake start-up venture. Recognition of your entity is as Start-up entity by DIPP is an important process
DetailsConvert a non-corporate business into corporate form?
After successful business affairs of few years & in order to grow to next level, it would always be advisable to convert your proprietary or partnership entity into One Person Company (OPC) or Limited Company or LLP or Producer/ Agriculture Company or Charitable Company (Section 8 Company). There are distinct advantages of moving to corporate
DetailsHow to form a New Company/ LLP?
Any two individuals or body corporates can form Company or LLP in India. Formation of new company or LLP is managed by Ministry of Corporate Affairs (MCA). Formation rules & requirements are provided in the Companies Act/ LLP Act. There are no minimum capital requirements for formation. Under the ease of doing business process, MCA
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