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Private company compliances cos act 2013

Private company compliances cos act 2013

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Private company compliances cos act 2013

  1. 1. COMPLIANCES OF PRIVATE COMPANY AND EVERYTHING ABOUT IT as 4.. ... . -. ,- PRIVATE LIMITED COMP/3I! Y Incorporation Minimum Requirements: ~ 2 Directors o 1 Lakh share capital Documents Required: 0 o PAN card of both directors . o Photo identity of directors like Passport. . Driving License etc o Address proof of directors like Bank Statement. Electricity Bill or Telephone Bill 'l7me: I5-20 working days Cost 15.500 Post lncoporation Compliances o Mantainance of books of accouts and some company registers o Ouaterly TDS Returns o 4 board meetings in a year 0 Half yearly service tax returns if applicable 0 VAT returns. depending on your turnover and local state rules o Income Tax return 0 Statutory Audit 0 ROC annual returns FAQs Do I need to have a physical address to register a company? Mandator3LRegistrations PAN TAN ShopAct License Professional Tax Registration VAT if you are a trader. manufacturer or sell any kind og goods and your turnover crosses a specified limit Service Tax if you provide services and your turnover crosses Rs 9 lakhs ADVANTAGES Easy to get VC investment and raise funds Easy transferability Most credible Best suited for IT startups and other growing businesses Yes. a address where the company can receive all communications from ROC should be provided. It can be a residential or commercial address. Do I need to have the Share Capital money for incorporation? Yes. the share capital money should be deposited in companies bank after incorporation. Can my wife or any of the family members be the directors in a company? Yes. any one can be a director in the company. its GAURAV KUMRAB SHA/ IIMA Practicing Company Secretary