Eligibility and requirements
To enroll a private constrained organization, at least two people to go about as Directors and investors are required. The investors of a private constrained organization can be a corporate substance or a characteristic individual. The executive must be a living individual with one Director being an occupant and an Indian Citizen. An individual is assigned as an inhabitant on the off chance that he/she goes through more than 186 days in India.
There are no confinements on outside organizations or remote nationals being Directors or investors of a private constrained organization. As, outside nationals, remote corporate substances or NRIs are permitted to be Directors and Shareholders of a Company with Foreign Direct Investment, joining an organization is the favored decision of section to India for outside advertisers.
Advantages of registering a private limited company
Enlisting a private constrained organization has different points of interest contrasted with an association firm or LLP as under:
Value Raise: An organization can raise value capital from people or elements keen on turning into an investor. Thus, a private constrained organization is an absolute necessity for Entrepreneurs hoping to fund-raise from blessed messenger financial specialists, investment firms, private value firms and flexible investments.
Restricted Liability Protection: A private constrained organization gives constrained obligation security to its investors. If there should be an occurrence of any unanticipated liabilities are made, it is restricted to the organization and would not affect the investors.
Separate Legal Entity: A private restricted organization is lawfully perceived as a different element. Henceforth, an organization can have its PAN, financial balances, licenses, endorsements, agreements, resources and liabilities in its extraordinary name.
Interminable Existence: An organization has a ceaseless presence and never finishes without reason. For an organization to lose its reality, it must be ended up by the Promoters or be ended up by the Government. Thus, an organization must be ended up for reasons like resistance or inability to conform to rules and guidelines.
Simple Transferability: As the responsibility for an organization is spoken to by shares - the responsibility for the organization can be moved to some other legitimate element or individual in India or abroad effectively - to a limited extent or entirety. Further, since the investors control the Board of Directors, the Directors can likewise be supplanted effectively by investors to guarantee business progression effectively consistently.
Documents Required for Company Registration
The reports required for organization enlistment can be gathered under three heads:
Records for Directors: Two character verification reports like Aadhaar, PAN, Passport, Drivers License or some other Government-gave personality archive would be required. Indian nationals are compulsorily required to give PAN. Outside nationals are obligatorily required to submit bore witness to or apostille identification duplicate.
Not with standing the personality confirmation, the Directors must submit habitation evidence that is under a quarter of a year old. Verification of living arrangement records incorporates bank articulations, power charge, water charge, gas bill and phone bill.
Archives for Registered Office: Companies enlisted in India should obligatorily keep up an enrolled office inside India. On account of rented property, the duplicate of rent deed for the enrolled office premises alongside a NOC from Landlord and EB charge/property charge receipt/water charge duplicate of the enlisted office property. In the event of possess property, duplicate of offer deed alongside the EB charge/property charge receipt/water charge duplicate of the enlisted office property.
Reports for Corporate Entities: on the off chance that one of the investor or endorser of the MOA and AOA is a Corporate Entity (Company, LLP, and so on.,) at that point Certificate of Incorporation of the Body Corporate must be appended alongside the goals passed by the Body Corporate to buy in to the portions of the organization under consolidation.
Process for Company Registration
eCASolution can consolidate an organization in under ten days - subject to Government preparing times and accessibility everything being equal. On gathering the important data and archives carefully, the procedure for organization enlistment starts with getting advanced marks for the proposed Directors and Shareholders. Your eCASolution Engagement Manager will present the computerized mark application and produce a connect to finish video eKYC confirmation. The candidate would then need to finish a short selfie video and check OTP to verify the application. Endless supply of the application, the computerized mark will be given around the same time.
Parallel to the advanced mark process, your Engagement Manager will likewise present a name endorsement solicitation to the Ministry of Corporate Affairs for endorsement. If you don't mind guarantee that you give different alternatives to the organization name that are in accordance with the Companies Naming Regulations in India to guarantee brisk endorsement. The Government normally gives name endorsement inside 48 hours in India.
On acquiring name endorsement, we will set up all the authoritative archives that must be marked by the Directors and Shareholders around the same time. When you have checked the archives and closed down, we will apply for fuse with the MCA around the same time. The MCA will give joining endorsement in around 48 - 72 hours during business days. On the off chance that the fuse endorsement is affirmed, the Government will give the fuse declaration, PAN for the organization and the TAN.
Bank Account Opening for Company
eCASolution has restrictive associations with top Banks in India wherein we can assist you with opening a zero-balance Current Account carefully through our foundation. In view of your decision of Bank, we can advance the solicitation carefully to the Bank for opening the organization's present record from the solace of your home in any city or town in India. Note: Bank account opening would be dependent upon the bank's procedure and items offered by the Bank now and again.
All organizations enlisted in India are required to keep up consistence under different guidelines. Inability to keep up consistence can prompt punishment or preclusion of Directors. eCASolution can assist you with bookkeeping and keeping up of statutory compliances for the organization at a truly moderate value point.
A portion of the significant compliances for organizations enlisted in India incorporate, yet not restricted to:
Arrangement of Statutory Auditor: The Board of Directors must name a rehearsing Chartered Accountant inside 30 days of consolidation.
Initiation of Business: Within 180 days of fuse, the capital referenced in the MOA [Memorandum of Association] must be kept in a bank and beginning authentication must be acquired from MCA.
Personal Tax Filing: Companies enlisted in India must document annual expense form every year in Form ITR-6.
Yearly Return: Companies enlisted in India must record MCA yearly return every year in Form AOC-4 and MGT-7.
Noise KYC: DIN KYC technique must be finished every year for the Directors of the organization.