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Opening new company in india


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New to India ? Want to open a new company here ?

B C Shetty & Co. is a chartered accountancy firm which helps you out with all the legal compliance's. We even provide planning regarding this procedure.

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Opening new company in india

  2. 2. 2 Contents • Initial Landscape research and identifying type of company • Private Limited Company formation procedure • Post incorporation compliance • Time lines for completion of registration work • Other registrations for a company • Challenges and exposures • Our support vendors
  3. 3. 3 Initial Landscape Research • Location Selection • Visit Places for Office space • Research on employees availability
  4. 4. 4 Identify the Company Level • Private Limited Company A private company is a company which has the following characteristics: • shareholders’ right to transfer shares is restricted; • the number of shareholders is limited to fifty; and an invitation to the public to subscribe to any shares or debentures is prohibited. • A Private Limited Company is the most popular form of business entity used for Foreign Investors in India, including USA investors in India. It takes some time to incorporate in India as there are various steps required in forming a private limited company in India. There are various steps required to establish a business in India, before and after incorporation, as mentioned hereinafter.
  5. 5. 5 Company Formation Procedure** Stage 1: We must obtain Indian Income-tax Permanent Account Number (PAN) and Digital Signature Certificate (DSC) for at least one of the promoter cum director as a preliminary requirement. Stage 2: Obtaining Director’s Identification Number (DIN) for all the Promoters-Directors and get it approved. Stage 3: Application to be filed for obtaining name approval with Ministry of Corporate Affairs in India. Stage 4: Application for Incorporation along with Declaration, Situation of registered office and Particulars of Managing/ Whole time Directors and obtain Certificate of Incorporation. **The entire procedure will take no longer than 20 days
  6. 6. 6 Flow Chart
  7. 7. 7 Flow Chart Cont …
  8. 8. 8 Flow Chart Cont …
  9. 9. 9 Post Incorporation Compliances for a Private Limited Company
  10. 10. 10 Compliances for a Private Limited Company One time registration Service tax--in case of services Vat-in case of goods Pt registration Annual compliance Yearly statutory Audit Monthly/ Quarterly/ Half yearly E-TDS filing quarterly (if applicable) ROC compliance /Filing Income tax filing for the company PT filing Tax audit (if applicable) Vat -monthly filing(if applicable) Service tax filing
  11. 11. 11 Post incorporation administrative requirements Accounting and preparation of financial statements Budgeting, cost analysis and capital structure planning Project Financing Internal Audit and Process re-engineering Vendor and customer due-diligence Payroll processing
  12. 12. 12 Other Registrations for a company • Apply for TAN • PAN – Company Permanent Account Number – Income Tax • Service Tax Registration • IEC – import and Export code • PF – Provident Fund • ESI- Employee State Insurance • VAT – Value Added Tax • PT – Professional Tax • Shops and Establishment License
  13. 13. 13 Consultants/Vendors on Board • B C Shetty & Co, Chartered Accountants - Company Registration - Tax Planning - PF Consultant - FEMA Consultant - Accounting & Book keeping - Payroll - Transfer Pricing
  14. 14. 14 Other Vendors on Board • Lawyers for drafting agreements • Insurance Consultant • Transportation Vendor • Equipment Supply Vendor • Desktops and Servers Vendor
  15. 15. 15 Thanking You…. For further Information, Please Contact SATHYA HEGDE Partner Mobile: 9945179868 E-mail: