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  Why Company Registration in India  The First Step In Starting And Running A Business As An Entrepreneur Is To Determine The Company’s Structure And Begin The Company Registration Process. The first step in launching a new business is to register a company. The procedure by which a company is written in the jurisdiction in which it operates is known as company registration. The nature of your firms, such as whether it will be owned by a single person or a group of individuals, will be the primary determinant. If you run a business that lacks an identity, there is a good chance that you, as the owner, will lose the unique name of your business to someone who has already registered their company. You will not be able to sue the person for this act legally. Company registration will help you avoid such situations and will also serve as proof of your company’s legitimacy. As a result, Company Registration is vital in the business world. Advantages of company registration COMPANY ...

Documents of Registered Office for Indian Company Registration  Registered office proof of the company stating if the property is rented/ leased,   Copy of the rental/lease agreement   Copy of electricity/water bill (business place)   In the case of your own property, a copy of the sale deed and electricity bill is sufficient   Copy of no objection certificate from the owner of the property

 Documents required for the Indian company registration process  PASSPORT and Voters ID (Similar to Resident Country) or Driving License (Apostiled and Notarized along with self-attestation)   Bank Statement/ Telephone bill/ Mobile Bill/ Electricity bill as an Address proof (Latest 0ne month bill) (Apostiled and Notarized along with self-attestation)   Passport size photograph of Foreign Director   During of stay at the present address of the Foreign Director and place of birth and his Occupation   Educational Qualification of Foreign Director

  Highlights of the Companies Act of 2013 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 sta...

 Why Company Registration is needed? The First Step In Starting And Running A Business As An Entrepreneur Is To Determine The Company’s Structure And Begin The Company Registration Process. The first step in launching a new business is to register a company. The procedure by which a company is registered in the jurisdiction in which it operates is known as company registration. The nature of your firm, such as whether it will be owned by a single person or a group of individuals, will be the primary determinant. If you run a business that lacks an identity, there is a good chance that you, as the owner, will lose the unique name of your business to someone who has already registered their company. You will not be able to sue the person for this act legally. Company registration will help you avoid such situations and will also serve as proof of your company’s legitimacy. As a result, Company Registration is extremely important in the business world. Advantages of company registrati...

 Switching a Partnership to a Private Limited Company Requirements A partnership firm must have at least 7 partners to convert to a private limited company. To convert to a private limited company it should have a minimum share capital of Rs. 1 lakh. The partnership deed has to be changed if it does not fulfill the above criteria. It must have at least 2 minimum Directors for converting to a private limited company. Partners can become the Directors as well as the shareholders. All the Directors must have the Director Identification Number. It is mandatory to have the Digital Signature Certificate of the two Directors.

 REQUIREMENTS FOR REGISTRATION OF A PRIVATE COMPANY A  private limited company  is held for small businesses and is widely prevalent among corporate legal entities. It is the most preferred type of business entity among the Angel Investors, Banks, Venture Capitalists, and other such budgetary organizations.  Below are a few mentioned documents that are required for the  Incorporation of a private company KYC requirements for directors (with self-attestation) Latest passport size photo. Copy of Pan card of Directors  Copy of Aadhaar Card Copy of Voter Identity card/ driving license/passport of the director In the case of NRI or foreign nationals, a 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 national resides. Latest bank statement of not less than two months old. KYC requirements for the registered office Registered office proof of...

Annual Filing Requirements for LLPs A limited liability partnership (LLP) is a form of business entity in which all of the partners have limited liability. Each partner is solely responsible for himself and is not accountable for the fault of the other partners. Corporations choose a Limited Liability Partnership (LLP). An LLP must keep its active status by filing all obligatory compliances with the Ministry of Corporate Affairs on a regular basis. This is required of all LLPs, whether or not they are operating a company. 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 de...

  HOW TO SAVE TAXES IN A PRIVATE LIMITED COMPANY A  private limited company  is best suited for small businesses. The liability of the members is limited to the number of shares that are held by them and these shares cannot be publicly traded.  HERE ARE A FEW POINTS THAT WILL HELP YOU SAVE TAXES IF YOU OWN A PRIVATE LIMITED COMPANY   One of the easiest ways to  save on tax  is by paying salaries to the  directors   Profits can be shared as salary instead of sharing as dividends   A sitting fee can be paid to the directors for attending board or committee meetings Assets can be categorized as capital assets on the balance sheet of the company when they are purchased.      Here’s how bookkeeping your company’s records will help you save taxes .  Bookkeeping refers to the organizing, storing, and accessing the financial information of a company.  Keeping a record of the company’s rent expenses and preliminary e...

  Contribution  from Private Limited Companies   Although some large firms are private companies, most private limited companies (Ltd) are small to medium-sized organizations. A private limited company is one that is owned by shareholders who have been approved by the other owners; it is often a family business. A private limited company’s profits are occasionally distributed to its shareholders as dividends, but they are also sometimes reinvested back into the company. The primary goals of a private limited business are to increase revenue and profit so that shareholders can get a good return on their investment. Many private limited companies will seek to expand their business by opening new locations, producing a greater range of products, or hiring more people. When a company grows large enough, it may decide to “go public” and become a public limited company. Why are they referred to as limited liability companies? Limited firms get their name from the fact that thei...

  AAVANA.IN Although some large firms are private companies, most private limited companies (Ltds) are small to medium-sized organizations. A private limited company is one that is owned by shareholders who have been approved by the other owners; it is often a family business. A private limited company’s profits are occasionally distributed to its shareholders as dividends, but they are also sometimes reinvested back into the company. The primary goals of a private limited business are to increase revenue and profit so that shareholders can get a good return on their investment. Many private limited companies will seek to expand their business by opening new locations, producing a greater range of products, or hiring more people. When a company grows large enough, it may decide to “go public” and become a public limited company. Why are they referred to as limited liability companies? Limited firms get their name from the fact that their owners have limited liability, which implies...

Why is the LLP Registration Process the Best Option for You? When forming an LLP, there are a few requirements that must be met. Will you be able to lawfully form and manage an LLP if and only if you can meet the following requirements? A limited liability partnership (LLP) must be formed by at least two people. There is, however, no upper limit on the number of partners. In the case of an LLP, capital is decided by the business’s needs and the members’ contributions to the partnership. The Stamp Duty on the deed is determined by the amount of capital. To start a business as an LLP, there is no minimum capital need. A resident of India must be at least one of the LLP designated partners. When an LLP’s turnover is equal to or greater than 40 lakh and its total capital contribution is equal to or greater than 25 lakh, its accounts must be audited. Once you’ve determined that you meet the basic minimum requirements for forming an LLP, you may assess the viability of doing so by reading th...

  Description Of A Private Limited Company in India Private Limited companies are those companies that are privately held by people. From local businesses to corporates,  Private limited Company  is one of the most preferred  business entities. Shareholders of a  Private Ltd company  may operate the business themselves, or hire directors to manage the company. A private limited company follows a  l egal Structure For Businesses. Angel Investors, Banks, Venture Capitalists, and other budgetary organizations prefer investing in a private limited company. Do you want to set up a  Private Limited Company in India?  Aavana is the right choice. When you choose us, you’ll surely get quality and budget-friendly business services. The Types Of Private Limited Companies The types of companies include:  Companies limited by shares  Companies limited by guarantee  Unlimited companies Companies limited by shares:  The shares of the com...

 How Aavana Will Help You Getting your LLP Registration in India Getting your   LLP Registration in India   could be a stressful task. But, this stressful task can be managed with ease when you choose Aavana. Rely on our dedicated staff to handle all LLP registration in India. When your business needs have been taken care of by professionals like us, you can expect nothing but the best results. Along with getting your  LLP Company Registration,  we also provide business and financial advisory services. Trust us, as we give you apt advice about your business. Our staff is also capable of handling all your online LLP registration services. Get the right solutions regarding LLP registration in India!

  Basic Requirements For Private Limited Company Registration  A minimum of two  shareholders  and two  directors  Shareholders and directors can be the same person  Foreign nationals and NRIs can also be directors as well  It is mandatory for all directors to have  DSC  (Digital Signature Certificate)  Maximum 3 directors are allowed in the form at the initial time of Incorporation Note*:  Once you receive the Incorporation, You can choose to have an addition and removal of directors at any point in time.  Minimum Paid-up and Authorized capital Paid-up capital:  The actual amount of shares that are issued by the company to its shareholders. The capacity to issue more shares depends on the authorized capital of the company. Authorized capital:  This is the maximum amount of shares the company can issue. Approval from the shareholder and the payment of a fee to the government is required to increase the authorized...

  How to register a brand name or a trademark? The Trademark registration process is as follows Selecting a trademark agent If you’re a business owner operating your business from India, then you’re allowed to file a trademark application. If you’re operating your business from any other place then the application should be filed by a right holder through an agent or attorney. Searching, preparing, filing and prosecution of the trademark is usually done by the agent or attorney. Filing and completion of the application form If the power of attorney from the right holder is vested on the trademark agent, then he can file and complete the application form. The form will have details like the name and address of the business owner, goods and services associated with the mark, copy of the mark if the mark is already in use. Approval, show cause hearing, or rejection of the application The trademark association will check if the application is barred from registration in terms of t...