Secretarial & Compliance services
Corporate Secretarial Services helps companies manage and minimize the risks of corporate non-compliance in the workplace.
Our team understands the complex corporate and regulatory laws for corporate secretarial matters ranging from the incorporation of an entity to winding up.
Want to know about India Company Incorporation?
We are India’s largest cloud-based business services platform dedicated to helping Entrepreneurs easily start & grow.
Benefits
Experienced team
of professionals
Customised
solutions
One-stop
solution
Affordable
Our services
Due Diligence can help you assess an entities commercial potential & financial viability
Examination and inspection of compliances with rules and regulation as stated under various laws applicable to a company is known as Secretarial Audit. Connect with our experts to get more in-depth knowledge about how it is beneficial for your company.
Limited Liability Partnership (LLP) is a new form of corporate structure that combines the flexibility of a partnership and the advantages of limited liability of a company at a low compliance cost. The LLP is a body corporate and a legal entity separate from its partners
A Private Limited Company is said to be India’s most famous type of corporate entity. It is registered according to Ministry of Corporate Affairs’s (MCA) legal and regulatory guidelines.
SFT is a report which includes particular financial transactions that specific individuals need to submit to the income tax authority or such other specified authority or agency.
Each Company incorporated in India is required to maintain statutory registers and records. The records can be kept online, electronically. The statutory records shall be kept at the registered office of the company.
Having a successful business in India you will need to comply with the legislative needs, meaning specific documents and registers must be maintained. It is necessary for regulatory disclosure, and statistical purposes to maintain these records and logs. Keeping these documents helps a company maintain its operations in an organized manner both across the nation and internationally.
FAQs
a. What are the benefits of starting a business in India?
- Access to 1.3 billion potential customers.
- Availability of cheap and skilled labour.
- Low paid-up capital requirements.
- Attractive tax incentives.
- Low operational costs.
- Business-friendly government’s initiatives.
b. Can a foreign resident/company start a business in India?
Yes but subject to conditions specified under different forms of business structure
c. Is business registration compulsory in India?
Yes, business registration is compulsory for all types of business entities except sole proprietorship and partnership firm for whom registration is not mandatory. However, it is advisable to register to avail legal advantage in the eyes of law in case of disputes.
d. What is the process to start a business in India?
The process to set up a business entity in India is generally the same, regardless of the specific entity structure you select. This process typically involves:
- Selecting a unique trading name for the company.
- Selecting an appropriate business structure.
- Obtaining a Director Identification Number and Digital Signature Certificate.
- Preparing registration documents.
- Registering with the Registrar of Companies/Firms/Local bodies.
- Registering for social security of employees and other business registrations like GST and Income Tax.
- Opening a Bank A/c.
e. How can I be eligible to get benefits under the Startup India initiative?
Only the stated entities qualify as a “Startup” for the purpose of Government schemes:-
» Private Limited Company
» Registered Partnership Firm
» Limited Liability Partnership
Further conditions are:
1. Not more than 5 years have passed from the date of its incorporation/ registration.
2. Turnover for any of the financial years has not exceeded ₹ 25 crore.
3. It is working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property.
f. Is conversion from one business structure to another business structure allowed?
A Sole proprietorship can be converted into:-
- Partnership firm
- One Person Company
- LLP
- Private Limited company (By acquiring the Sole proprietorship firm)
A Partnership Firm can be converted into:-
- LLP
- Private Limited Company
One Person Company can be converted into:-
- Private Limited Company
- LLP
A Private Limited Company can be converted into:-
- One Person Company
- LLP
- Public Limited Company
g. I want to start a business with my friend. Which type of business entity is best suited for me?
In case you are looking to raise equity capital or offer ESOP to your employees in the future, Private Limited Company will be the best suited entity for you. However, if you do not wish to raise equity capital or offer ESOP to the employees, you can opt for a Limited Liability Partnership or a simple Partnership depending on the financial liability or the nature of the business.
h. Still Confused?
Speak to our experts who shall solve all your doubts.
Call us at +91 7738 066 334 or Mail us at info@indiacompanyincorporation.com
Company formation in India is easy.
We can help to build your business at every stage.
Let’s get you started
