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  Documents Required of LLP Registration The  LLP  is a legal entity registered with the Registrar of companies under the Limited Liability Partnership Act 2008. It is being regulated by the Ministry of Corporate Affairs, a form of  partnership  that is often found in firms where liability is a big issue. Such kinds of firms include medical practices, law offices, and  accounting  firms. Any Individual or even a company or an LLP can become a partner, However, only an individual can become a designated partner in an LLP. Here is the list of basic documents required for LLP registration KYC requirements of Partners (with self-attestation) Latest passport size photo. Copy of Pan card of Partners Copy of Aadhaar Card Copy of Voter Identity card/ driving license/passport of the partners. In the case of NRI or foreign nationals, passport copy has to be notarized at the Indian Embassy of the particular country. Notarized utility bill of the particular country where the NRI or foreign nationa

  Providing You With Top-Quality Business & Financial Advice Services With a nascent beginning in the year 2017, Aavana corporate solutions is the dream come true of two energetic and budding entrepreneurs who have tasted the dose of success in a short period. Aavana, the name denotes growth, and this growth does not refer to the number of clients achieved by us, but the prospective growth of our clients. Our services are not restricted to cities in India, but also around the globe. We can help in accounting services, bookkeeping services and other pre-launch detriments, and post-launch financial requirements as well. Today,  financial consultant services  are offered by many companies, but we follow a modernised approach that combines both  financial services and technology . We strive hard in growing our client database by offering on-time delivery of services, quality of services and round the clock services. The team at Aavana will help you get  business advice and financial ad

  Accounting refers to the process of keeping financial records pertaining to the business. It involves the process of recording, summarizing, analysing and reporting all the transactions. Accounting  is one of the key functions of all businesses. This key function is handled by an accountant in a small firm, or by a finance department with dozens of employees at larger companies. The reports generated by various streams of accounting are useful for business decisions. These reports give detailed information about the financial status of the business. ACCOUNTING SERVICES OFFERED BY AAVANA Accounting services made easy Accounting is one of the most important parts of a company without which the operations cannot be structured properly. Any kind of business entity is a startup or an existing one needs to have a channelized accounting system for consistent business growth. Accounting can be categorized into:   Financial Accounting -  This accounting format deals with the summary, analysis

LLP Registration Benefits in  India An  LLP  is a type of business entity where all the partners have limited liabilities. The LLP is the most popular option for professionals for conducting their business and it is a good choice for those who are involved in the business of consultancy. It is a separate legal entity and the partners are liable for their respective contributions. It has flexible management roles It is easier to form an LLP. The formation  of an LLP  only require the partners to fill out a registration form and file it with the local secretary of the state The cost involved in registering an LLP is comparatively lesser than that of a  Private Limited Company . Transfer of ownership is easy. There is no maximum limit of partners when it comes to incorporating your business as an LLP. A minimum capital requirement is not needed to  register your firm  as an LLP The liability of members in respect in respect to the LLPs debt is limited. The personal assets remain of the me

  Company Registration Services In India The Registrar of Companies (ROC)  is an office under the Indian Ministry of Corporate Affairs. It mainly deals with the administration of the Companies Act, 2013. The Registrar of Company takes care of the  company registration  process (also known as incorporation) in India. This includes the complete reporting and regulation of companies and their directors and shareholders and also oversees government reporting of various matters including the annual filing of various documents. Foreign company- A  foreign company   is any company that is incorporated outside of India and has a place of business that is operating in India, whether by itself or through agents, physically or through an electronic mode. Basic Requirements For Registering A Foreign Subsidiary Company In India  Minimum two directors and two Shareholders.  At Least one director has to be an Indian resident.  One person has to be nominated by the  Holding company  who represents the

  Annual Filing Compliances When LLP is Opened in INDIA An  LLP  is a type of business entity where all the partners have limited liabilities. Each partner is only responsible for themselves and not liable for other partners’ negligence. A  Limited Liability Partnership  is most preferred by corporations. An LLP needs to maintain its active status by regularly filing all the mandatory compliances with the Ministry of Corporate Affairs, It is mandatory for any LLP, whether running/having a business or not. LLP Form 11 All LLPs must file Form 11 within 60 days from the closure of the financial year. There is a prescribed fee that needs to be paid. This form has the following details mentioned Total number of partners Total number of contributions received from all partners Details of body corporate as partners Summary of partners LLP Form 8 It is mandatory to file Form 8 within 30 days from the end of six months of the financial year. This form needs to be signed by 2 designated partners

  The companies act has introduced a new concept called the  class action suits  for shareholders with the view of making the shareholders understand and provide them with enough knowledge on their rights.  The Act gives more powers to shareholders regarding the approval of certain transactions.  The Act stipulates the appointment of at least one woman director on the board.  The Act demands a certain class of companies to set aside a certain amount of money for activities that promote corporate social responsibility.  The companies act has proposed a simple procedure for mergers and amalgamations of a certain class of companies after getting approval from the government  The Act has increased the number of shareholders in a  Private limited Company  from 50 to 200.  The Act provides for the entrenchment of articles of association.  It is mandatory for every company to have at least one  director  who has stayed in India for not less than 182 days in the previous calendar year.  The Ac

THE APPOINTMENT OF A DIRECTOR IN A PRIVATE LIMITED COMPANY The functioning of a private limited company is mainly vested upon a  director . The director holds key responsibilities of maintaining and running the business. Obtaining the consent of the proposed director The consent of the proposed director is taken to act as the Director of a company. The company must obtain Form DIR 2 before proposing the director of the company  Obtaining  Digital Signature  of the Proposed Director A Digital Signature has to be obtained by the director from the Certifying Authority of India Obtaining Director Identification Number The company should apply for a  DIN  if in case the director does not have a DIN. The resolution is to be attached with FORM DIR 3 which is a new requirement for obtaining DIN. DIN is allotted to a director only once in his lifetime. The company should obtain all educational and KYC documents. It is to be noted that there is no minimum requirement of education for the appoint

  Accounting refers to the process of keeping financial records pertaining to the business. It involves the process of recording, summarizing, analysing and reporting all the transactions. Accounting  is one of the key functions of all businesses. This key function is handled by an accountant in a small firm, or by a finance department with dozens of employees at larger companies. The reports generated by various streams of accounting are useful for business decisions. These reports give detailed information about the financial status of the business. ACCOUNTING SERVICES OFFERED BY AAVANA Accounting services made easy Accounting is one of the most important parts of a company without which the operations cannot be structured properly. Any kind of business entity is a startup or an existing one needs to have a channelized accounting system for consistent business growth. Accounting can be categorized into:   Financial Accounting -  This accounting format deals with the summary, analysis

Benefits of Registering a Private Limited Company in  India Benefits of Registering a Private Limited Company  The number of members/directors required is two  Separate legal entity  Limited Liability  Free and easy transferability of shares  Brand value  Continuity of existence  Scope of expansion  Foreign Direct Investment (FDI)  Funds can be obtained easily  The company is limited by shares  Capacity to sue and be sued

The Registrar of Companies (ROC)   is an office under the Indian Ministry of Corporate Affairs. It mainly deals with the administration of the Companies Act, 2013. The Registrar of Company takes care of the  company registration  process (also known as incorporation) in India. This includes the complete reporting and regulation of companies and their directors and shareholders and also oversees government reporting of various matters including the annual filing of various documents. Foreign company- A  foreign company   is any company that is incorporated outside of India and has a place of business that is operating in India, whether by itself or through agents, physically or through an electronic mode. Basic Requirements For Registering A Foreign Subsidiary Company In India  Minimum two directors and two Shareholders.  At Least one director has to be an Indian resident.  One person has to be nominated by the  Holding company  who represents the foreign company in the  Domestic Compan