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Minimum Requirement to register a company
For LLP Registration in India
Services
LLP deed drafting
LLP registration
Current account opening
2 Directors' digital signatures
Company name registration
Form 11, 8 & ITR5 Compliance
Company PAN and TAN
GST Registration
Conditions
- A minimum of two partners are required to register an LLP.
- No cap on the maximum number of partners.
- The deed covers the rights and duties of the partners.
- In an LLP one partner isn't responsible for the conduct of another.
- Partners are responsible for all compliances and provisions set out in the deed.
For more assistance
FAQ
To form an LLP, individuals must be appointed as Designated Partners who
are
aged 18 or above and possess a valid Indian address. Designated Partners
can be
individuals or bodies or corporate (such as companies). Foreign
nationals,
foreign corporate bodies and
Limited Liability Partnerships are also eligible to be appointed as
Designated
Partners.
The cost of registering an LLP in India is dependent on the number of
partners
and their individual contributions towards the business. In addition to
this,
there are other expenses such as professional fees, stamp duty, and
other
mandatory registration requirements that need to be fulfilled in the
process of
setting up an LLP in India.
No, all Limited Liability Partnerships (LLPs) are required to register
for Goods
and Services Tax (GST) based on the nature of their services or goods
offered.
Additionally, LLPs are required to file GST returns periodically as per
regulations.
The duration for incorporation of an LLP depends on various factors such
as the
timely submission of necessary documents by the client and the approval
received
from Government authorities. However, Entries AI can help you complete the
process
within 14-20 days.
Partner's PAN or passport, any identity proof, bank statements,
registered
office proof, NOC from the landlord to use the premises of the
registered
office, and any utility bills of the premises that are not less than two
months
old are the crucial documents required for the incorporation of an LLP.
Minimum Requirement to register a company
For Private Limited Company Registration
Services
Company registration
Share certificates
Bank/Current account opening
Digital signatures
Company PAN and TAN
GST Registration
ITR 6, MCA filing
Auditor appointment etc.
Conditions
- A minimum of 2 Directors and 2 Shareholders
- 2 Directors - 1 should be an Indian citizen and resident.
- 2 Shareholders - Directors can also be Shareholders
- The registered office should be in India.
For more assistance
FAQ
A company can register itself by following the registration process set
by the
Ministry of Corporate Affairs (MCA) in compliance with the Companies Act
2013.
The steps include applying for a Director Identification Number (DIN),
obtaining
a Digital Signature Certificate (DSC), getting approval for the company
name,
submitting the Company Incorporation Application, and receiving a
Certificate of
Incorporation.
The cost involved in registering a company in India is dependent on many
factors
such as the number of stakeholders and size. For instance, the cost of
incorporating a Pvt. Ltd. company can range from Rs.6,000 to Rs.
30,000/- and
varies with respect to the number of directors, members, authorized
share
capital, and professional fees.
GST registration is compulsory for specific businesses. Companies
engaged in
e-commerce activities or any other inter-state transaction and firms
with a
turnover of over Rs. 40 lakhs are obligated to obtain it. Entries AI Finance
experts
can help with GST registration in a few days.
Within 30 days of incorporation, an auditor needs to be appointed and
income tax
and annual return filings must be submitted yearly. Additionally,
mandatory
compliances such as filling out the 'Commencement of Business' forms and
completing DIN eKYC must also be followed.