This document provides information on setting up a private limited company in India. It explains that a private limited company requires a minimum of two shareholders and Rs. 100,000 in share capital. The steps to register include obtaining digital signatures, director identification numbers, and filing SPICe forms along with documents like memorandums of association. Private limited companies allow foreign companies to have wholly owned subsidiaries in India and benefit from limited liability. Tax rates for such companies include corporate income tax, surcharge, and cess.
Company form of entity is best preferred for establishing business in India. Here are Steps for incorporating a company in India under companies Act, 1956. There are other compliance requirements of Foreign Direct Investment and FEMA which needs to be fulfilled while incorporation of a subsidiary in India. We at Rayvat Accounting Specialize in providing incorporating a company in India.
Company form of entity is best preferred for establishing business in India. Here are Steps for incorporating a company in India under companies Act, 1956. There are other compliance requirements of Foreign Direct Investment and FEMA which needs to be fulfilled while incorporation of a subsidiary in India. We at Rayvat Accounting Specialize in providing incorporating a company in India.
Company Registration in India – Registrationwalaregistrationwala
Easily register any type of company online in India within 10 to 15 days. Also, you can register your company from any part in India without going to any Govt office with the help of Registrationwala. For more detail you can watch this presentation.
https://www.registrationwala.com/company-registration
Objectives & Agenda :
One of the major forms of organisation is a company, having separate legal entity. It has several benefits as compared with other forms of business organisations. The process of incorporating a company has become seamless in line with ‘ease of doing business’ in India. The webinar shall cover the changes in the procedural aspects relating to incorporation of a company to simplify the process. The webinar shall also focus on the single form for company incorporation, practical issues and challenges in formation of a company.
Incorporation of One Person Company under Companies Act 2013Megha Aggarwal
No need to have a co-founder. Even one man show can incorporate a Company and enjoy the benefits of limited liability and separate legal entity.
All sole proprietors should go for OPC
All you need to know about #ProvidentFund and #Employee State #Insurance.
Check out the details about how to create a Foreign #Subsidiary in India.
#foreign #ForeignSubsidiary #WOS #proexadvisors #SteeringAhead #proexfamily #PrivateLimited
Company registration services in chennai India for new company registration process and Company Incorporation in chennai with effective quality services."
This presentation would explain you about a simple steps to register a private limited company in India. Private Limited Company is the most popular legal structure for businesses.
Company Registration in India – Registrationwalaregistrationwala
Easily register any type of company online in India within 10 to 15 days. Also, you can register your company from any part in India without going to any Govt office with the help of Registrationwala. For more detail you can watch this presentation.
https://www.registrationwala.com/company-registration
Objectives & Agenda :
One of the major forms of organisation is a company, having separate legal entity. It has several benefits as compared with other forms of business organisations. The process of incorporating a company has become seamless in line with ‘ease of doing business’ in India. The webinar shall cover the changes in the procedural aspects relating to incorporation of a company to simplify the process. The webinar shall also focus on the single form for company incorporation, practical issues and challenges in formation of a company.
Incorporation of One Person Company under Companies Act 2013Megha Aggarwal
No need to have a co-founder. Even one man show can incorporate a Company and enjoy the benefits of limited liability and separate legal entity.
All sole proprietors should go for OPC
All you need to know about #ProvidentFund and #Employee State #Insurance.
Check out the details about how to create a Foreign #Subsidiary in India.
#foreign #ForeignSubsidiary #WOS #proexadvisors #SteeringAhead #proexfamily #PrivateLimited
Company registration services in chennai India for new company registration process and Company Incorporation in chennai with effective quality services."
This presentation would explain you about a simple steps to register a private limited company in India. Private Limited Company is the most popular legal structure for businesses.
When considering the registration of a new company or relocation of your company in Bangladesh, keep in mind that most companies in Bangladesh are registered as private limited companies (commonly known as limited private companies). Limited private companies in Bangladesh are separate legal entities and shareholders not responsible for corporate debt exceed the amount of social capital they have contributed. According to the Companies Act of 1994, anyone (foreign or local) over the age of 18 can register a company in Bangladesh.
Nidhi Company - Registration & OperationsLegalDelight
In India, concept of Nidhi Companies has been set up way back in 20th Century where group of people came together with a purpose to resolve the monetary issues of people residing in a particular area or town so that they did not get prey on hands of moneylenders. It basically operates on principle of mutual benefits and also known as Permanent Fund, Benefit Funds, Mutual Benefit Funds and Mutual Benefit Company.
Since then, Nidhi Company has gained popularity as a form of business. Main object of Nidhi Company is accepting money and promoting the habit of saving and growing value of money but activities of a Nidhi company are restricted to their members only.
In India concept of Nidhi Company is mostly popular in southern part of India almost 80% of the Nidhi Companies are operational in South India. Since object of Nidhi Companies include accepting of deposits its functioning came under the ambit of Non-Banking Financial Companies it is also governed by Reserve Bank of India besides being regulated under Companies Act, 2013.
How to Register a New Company in India?sicobedelhi
Registering your company is important to give your start-up a legal existence. However, registering a new company is a tedious and long process. It involves lot of legal formalities and a series of steps need to follow.
Sicobe Business Solution provide you an easy way to Register Company in Delhi
Private Limited Company is the most preferred business model in India among entrepreneurs. Here we will discuss its distinct features and benefits and ways in which we can assist you in setting up your dream venture through private Limited Company Registration.
Filingenie is a corporate consultancy service with 360 degree coverage of integrated and comprehensive business solutions to help organizations with business formation, compliance, and various decision making processes.
A "File Trademark" is a legal term referring to the registration of a unique symbol, logo, or name used to identify and distinguish products or services. This process provides legal protection, granting exclusive rights to the trademark owner, and helps prevent unauthorized use by competitors.
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Military Commissions details LtCol Thomas Jasper as Detailed Defense CounselThomas (Tom) Jasper
Military Commissions Trial Judiciary, Guantanamo Bay, Cuba. Notice of the Chief Defense Counsel's detailing of LtCol Thomas F. Jasper, Jr. USMC, as Detailed Defense Counsel for Abd Al Hadi Al-Iraqi on 6 August 2014 in the case of United States v. Hadi al Iraqi (10026)
ALL EYES ON RAFAH BUT WHY Explain more.pdf46adnanshahzad
All eyes on Rafah: But why?. The Rafah border crossing, a crucial point between Egypt and the Gaza Strip, often finds itself at the center of global attention. As we explore the significance of Rafah, we’ll uncover why all eyes are on Rafah and the complexities surrounding this pivotal region.
INTRODUCTION
What makes Rafah so significant that it captures global attention? The phrase ‘All eyes are on Rafah’ resonates not just with those in the region but with people worldwide who recognize its strategic, humanitarian, and political importance. In this guide, we will delve into the factors that make Rafah a focal point for international interest, examining its historical context, humanitarian challenges, and political dimensions.
How to Obtain Permanent Residency in the NetherlandsBridgeWest.eu
You can rely on our assistance if you are ready to apply for permanent residency. Find out more at: https://immigration-netherlands.com/obtain-a-permanent-residence-permit-in-the-netherlands/.
Responsibilities of the office bearers while registering multi-state cooperat...Finlaw Consultancy Pvt Ltd
Introduction-
The process of register multi-state cooperative society in India is governed by the Multi-State Co-operative Societies Act, 2002. This process requires the office bearers to undertake several crucial responsibilities to ensure compliance with legal and regulatory frameworks. The key office bearers typically include the President, Secretary, and Treasurer, along with other elected members of the managing committee. Their responsibilities encompass administrative, legal, and financial duties essential for the successful registration and operation of the society.
WINDING UP of COMPANY, Modes of DissolutionKHURRAMWALI
Winding up, also known as liquidation, refers to the legal and financial process of dissolving a company. It involves ceasing operations, selling assets, settling debts, and ultimately removing the company from the official business registry.
Here's a breakdown of the key aspects of winding up:
Reasons for Winding Up:
Insolvency: This is the most common reason, where the company cannot pay its debts. Creditors may initiate a compulsory winding up to recover their dues.
Voluntary Closure: The owners may decide to close the company due to reasons like reaching business goals, facing losses, or merging with another company.
Deadlock: If shareholders or directors cannot agree on how to run the company, a court may order a winding up.
Types of Winding Up:
Voluntary Winding Up: This is initiated by the company's shareholders through a resolution passed by a majority vote. There are two main types:
Members' Voluntary Winding Up: The company is solvent (has enough assets to pay off its debts) and shareholders will receive any remaining assets after debts are settled.
Creditors' Voluntary Winding Up: The company is insolvent and creditors will be prioritized in receiving payment from the sale of assets.
Compulsory Winding Up: This is initiated by a court order, typically at the request of creditors, government agencies, or even by the company itself if it's insolvent.
Process of Winding Up:
Appointment of Liquidator: A qualified professional is appointed to oversee the winding-up process. They are responsible for selling assets, paying off debts, and distributing any remaining funds.
Cease Trading: The company stops its regular business operations.
Notification of Creditors: Creditors are informed about the winding up and invited to submit their claims.
Sale of Assets: The company's assets are sold to generate cash to pay off creditors.
Payment of Debts: Creditors are paid according to a set order of priority, with secured creditors receiving payment before unsecured creditors.
Distribution to Shareholders: If there are any remaining funds after all debts are settled, they are distributed to shareholders according to their ownership stake.
Dissolution: Once all claims are settled and distributions made, the company is officially dissolved and removed from the business register.
Impact of Winding Up:
Employees: Employees will likely lose their jobs during the winding-up process.
Creditors: Creditors may not recover their debts in full, especially if the company is insolvent.
Shareholders: Shareholders may not receive any payout if the company's debts exceed its assets.
Winding up is a complex legal and financial process that can have significant consequences for all parties involved. It's important to seek professional legal and financial advice when considering winding up a company.
In 2020, the Ministry of Home Affairs established a committee led by Prof. (Dr.) Ranbir Singh, former Vice Chancellor of National Law University (NLU), Delhi. This committee was tasked with reviewing the three codes of criminal law. The primary objective of the committee was to propose comprehensive reforms to the country’s criminal laws in a manner that is both principled and effective.
The committee’s focus was on ensuring the safety and security of individuals, communities, and the nation as a whole. Throughout its deliberations, the committee aimed to uphold constitutional values such as justice, dignity, and the intrinsic value of each individual. Their goal was to recommend amendments to the criminal laws that align with these values and priorities.
Subsequently, in February, the committee successfully submitted its recommendations regarding amendments to the criminal law. These recommendations are intended to serve as a foundation for enhancing the current legal framework, promoting safety and security, and upholding the constitutional principles of justice, dignity, and the inherent worth of every individual.
Daftar Rumpun, Pohon, dan Cabang Ilmu (28 Mei 2024).pdf
HOW TO SET UP A PRIVATE LIMITED COMPANY IN INDIA
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HOW TO SET UP A PRIVATE LIMITED COMPANY IN
INDIA
Foreign companies interested in establishing a wholly owned subsidiary in India can do so by setting up
a private limited company. As of 2016, there were over 10 million active private limited companies in
India. Regulations governing private limited companies originate in the Companies Act. A minimum of
two shareholders with non-transferable shares (and a maximum of 200) with a minimum share capital of
Rs 100,000 (approximately US$1,500) is required to form a private limited company. The Companies
Amendment Act of 2015 removed the minimum paid-up capital requirements for incorporating private
(as well as public) companies in India.
Non-Resident Indians (NRIs) and foreigners are allowed to establish or invest in private limited
companies in India.
BUSINESS STRATEGY & OPERATION ADVISORY
Unlike public limited companies, private limited companies are much smaller and do not seek funds from
the public; they instead operate using their own financial resources. This allows them to encounter fewer
regulatory procedures than their public counterparts.
Private limited companies can also go public after meeting certain requirements as laid down by
the Registrar of Companies (RoC).
STEPS TO REGISTER A PRIVATE LIMITED COMPANY IN
INDIA
In January 2018, the Ministry of Corporate Affairs made the process of incorporating a private limited
company free.
1. NAME APPROVAL
The latest Reserve Unique Name (RUN) portal allows two suggestions for proposed company names.
Another section of the portal allows viewers to check the names of already existing companies.Name
approval can also be sought while filing the SPICe (INC-32) form. This process requires the certification
(apostille) of the following documents:
Resolution from parent company for the use of trademark/main name and intention to
incorporate an Indian subsidiary; and,
Charter or certificate of incorporation of the foreign company in English.
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9461620007
2. CREATE A DIGITAL SIGNATURE CERTIFICATE
A digital signature certificate (DSC) is an electronic copy of a director’s identity. It takes around three to
seven working days to obtain a DSC online from any of the specified Certifying Authorities (CAs).
All directors of the company should obtain a DSC, which is valid for a maximum of two years.
Foreign nationals and NRIs are required to submit self-attested copies of their passports, which have
also been notarized by the Indian embassy in their home country.
3. DIRECTOR IDENTIFICATION NUMBER (DIN)
A foreign firm will have to fill Form No. FC-1. The form asks for basic information of the foreign
company, and the DSC of the local representative or Director Identification Number (DIN).
Every director of a company must possess an eight digit DIN. An individual is allowed to possess only
one DIN, even if he/she is a director in multiple entities.
Once acquired, a DIN never expires and does not necessitate any further filings.
DIN applications must be signed electronically using a DSC. Here again, self-attested passport copies
and proof of address must be submitted along with passport photographs of the proposed directors.
Since 2018, a maximum of three proposed directors may apply for DINs by submitting the Simplified
Proforma for Incorporating Company Electronically (SPICe form INC-32) online.
4. SPICe FORM (INC-32, INC-33, AND INC-34)
INC-32 is an extremely detailed online form covering the application for DIN, reservation of company
name, and incorporation of a company.
It requires 21 documents to be attached at the time of filing. The attachments include the following:
Memorandum of Association;
Articles of Association;
Copy of utility bills (not more than two months);
Proof of office address (conveyance/lease deed/rent agreement with receipts);
Copy of certificate of incorporation of the foreign body corporate and resolution passed;
Proof of identity and address of all directors;
Trademark registration certificate/approval from owner of the trademark;
List of companies having the same registered office, if any; and,
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Foreign directors/subscribers must submit an affidavit for not having a Permanent Account
Number (PAN card).
Form No. INC-33 provides the electronic format of the Memorandum of Association which outlines the
charter of a company.
Form No. INC-34 provides the electronic format wherein applicants input their Articles of Association
(internal regulations of the company).
Upon approval, the Registrar of Companies (RoC) assigns a company with a 21 digit Corporate Identity
Number (CIN).
TAX LIABILITY FOR PRIVATE LIMITED COMPANIES
Private limited companies set up by foreign companies are domestic companies according to the
Income-tax Act, 1961.
Here we outline the effective tax rates for such companies in India.
1. CORPORATE INCOME TAX (CIT) IN INDIA
A company, whether Indian or foreign, is liable to pay CIT under the country’s Income Tax Act, 1961.
While a resident company is taxed on its worldwide income, a non-resident (foreign) company is taxed
only on income that is received in India, or that arises, or is deemed to accrue in India.
2. SURCHARGE
The surcharge on domestic companies effectively increases the total tax paid by private limited
companies.
3. HEALTH AND EDUCATION CESS
It amounts to four percent of the CIT and surcharge for the financial year 2018-19 and assessment year
2019-20.
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4. MINIMUM ALTERNATE TAX
Companies having low or even no profits are subjected to a Minimum Alternate Tax (MAT) of 18.5
percent + surcharge + health and education cess.Below we show the tax liability for a private limited
company (also referred to as a wholly owned subsidiary) in India.
WHY OPT FOR A PRIVATE LIMITED COMPANY
Private limited companies allow for the creation of a shareholders’ agreement to demarcate different
interests. In case a company is not dong financially well then under the limited liability clause the
personal assets of the investors are protected.
Since the parent company controls 100 percent of the shares of its subsidiary, it can maintain strict
operational management of the private limited company in India.
In India, a private limited company is the most preferred business model that benefits from both good
branding as it retains the name of the parent company, while also gaining from the flexibility of being
able to diversify into new markets.
Although the process for establishing a private limited company in India has eased considerably in the
past few years, it still takes time to secure all the required approvals from regulatory authorities, which is
why it is advisable to employ the services of a professional firm.
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PUBLISHED BY: SHRISHTI AGARWAL
CONTACT US
MAIL : INFO@STARTUPSOLICITORS.COM
NO: 9461620007
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