Form INC-29 – For Fast-Track Company Incorporation in India!

The total time taken in starting a company is undoubtedly a highly significant parameter for deciding the ‘Ease of Doing Business (EoDB)’ in the concerned country. It may here be just mentioned that the EoDB Ranking is published yearly by the World Bank Group for investors’ support. Introduced in May 2015 by MCA, the Integrated Company Incorporation Form INC-29 has been one of the highly significant measures taken by the Govt of India for improving further its EoDB Ranking. This short but rather rich blog offers very beneficial information about this fast-track company registration form inc-29, to help the interested entrepreneurs and investors in doing businesses in India.

Fast track company registration

This fast-track company registration eliminates the requirement of filing many necessary forms separately for registering a desired company anywhere in entire India. Thus, utilization of this form reduces considerably the time taken in company registration in India, and limits the same within just 48 hours. However, use of this e-Form INC-29 allows only one name to be proposed by the applicant. Again, all most popular types of companies can readily be registered using this form, excepting the Section-8 company. For using this form, at least one director of the proposed company must have a DSC (class 2). The following facilities/tasks are encompassed by this single composite company registration form inc-29 --- 

Securing and Swift Legal and Taxation Services for Companies by Reputed Legal Firm

legal and taxation services

Well-based in Delhi, and famous nationwide for over a decade, our resourceful and well-connected company law firm offers the full-range of legal and advisory services to individuals, entrepreneurs, and companies engaged in all various economic sectors in entire India. These perfect, punctual, and propelling services relate with the company registration, business administration & management, regulatory registrations & compliances, taxation for companies & individuals, IPR legal services, international business & trade, and various relevant legal Acts and Statutes.
Our full-range of legal and taxation services are available for companies of varying types and sizes, active at different stages of development, and located in regions all across India. Our well-resourced and well-informed law firm also undertakes services for foreign direct investment (FDI) in India into the desired economic sectors. All various categories of intellectual property (IP) are also served comprehensively. So far, our expert and economical company law services have been utilized by numerous people and companies to boost their respective legal and commercial security and business growth.
As far as our taxation services for companies are concerned, these are efficiently and responsibly offered for all regulatory registrations and compliances related with the State and Central taxation authorities. The range of these taxation services varies depending upon the type, size, and markets (domestic or/and international) of any concerned company. In general, our taxation services for corporate bodies cover the following ---

• Registrations under the Income Tax Departments and Commercial Tax Departments
• Registration under the GSTN Portal
• Obtaining Import-Export Code (IEC)
• Registration for Excise and Customs Duties
• Income Tax Returns
• Corporate Taxation
• Corporate Tax Planning
•  And, other services related with corporate taxation and compliances. 

To know more about our taxation related services, please visit: http://www.company-registration.in/legal-and-taxation-services/

Company Registration In India

Email: Contact@Company-Registration.in
Call/Whatsapp: 8800100284

W/www(dot)company-registration(dot)in

Expert and Responsible Services for Firm Registration in India!

For doing business or providing specific services in any desired economic field, our Delhi-based and highly trusted law firm offers the full-range of legal and advisory services (company law services) to the whole corporate and professional worlds in India. Through availing these services extended expertly, efficiently, and economically by our well-resourced and generous law firm, businesses as well as services in various economic sectors can be made utmost secure and stable, duly profitable, and rather progressive. The part and parcel of these all services is the service for firm registration in India for smooth and lucrative engagement in any economic field, anywhere in entire country.

firm registration in India

Diverse categories of firms in India are also registered and regulated under the Companies Act, 2013 or the Limited Liability Partnerships (LLP) Act, 2008. Constitutionally, a firm may be a private limited company, one person company (OPC), public limited company, or LLP. Firms or companies falling under these all categories are adroitly registered with well-rounded support of our company and corporate lawyers. Any of these firms may readily be registered with our expeditious and excellent support anywhere in India, depending upon one’s business objectives and the size of the business activities. The firm registration procedure is almost the same for every category, with only some differences in documentary requirements and processes. Again, for registrationof LLP firm, concerned is the Ministry of Corporate Affairs (MCA), Govt of India; while for incorporation of other categories of firms/companies, relevant is the Registrar of Companies (RoC) of the State wherein the proposed entity will be located. To register a firm in India, falling under any above-mentioned categories, our veteran and vibrant company lawyers offer the following services in general ---

• Services for obtaining DSC, DIN/DPIN, PAN, and so on.
•  Filing all necessary Forms and Documents with MCA or RoC
• Drafting all incorporation and other documents, such as MOA and AOA or LLP  Agreement, consent letters, affidavits, etc.
• Services for registration under GSTN and other relevant authorities
• And other services for smooth and efficient corporate governance and growth.

Firm Registration In India
Email: Contact@Company-Registration.in
Call/Whatsapp: 8800100284
Address:S-191C, Manak Complex, School Block, Shakarpur
New Delhi, Delhi 110092

Conversion of Proprietorship into A Private Limited or OPC in India

Any sole proprietorship may easily be converted into a private limited company or a one person company (OPC) to attain business security, legal existence, and greater share capital for further growth of the existing business. It must be noted that only a sole proprietorship which is registered under any local authority or under the Shops and Establishments Act of the concerned State, avail the quality of a separate legal existence.

On the other hand, an OPC or a private limited company enjoys the following advantages or benefits, which are not available to unregistered sole proprietorships --

• The right of a separate legal entity
• The benefits of limited liability
• The facility to gather greater share capital for further business growth
• Certain tax exemptions and benefits, and governmental subsidies
• Only nominal regulatory compliances boosting legal security and prestige of the company

     Fortunately,now there is no recommended provisions for the minimum paid-up capital or getting the certificate for business commencement in India for registering any type of a company, say an OPC or a private limited company. For registering an OPC, required are only one director and a shareholder; both can be the same person. And for incorporating a private limited company, necessary are at least two directors and two shareholders. Hence, depending upon one’s specific choice and situations/circumstances, a sole proprietorship may be preferably converted into a private limited company or an OPC. For any of these two objectives, relevant will be the Registrar of Companies (RoC) of the related State. We offer expert and cost-effective legal and advisory services for Convert Proprietorship Firm to Private Limited  Company or opc in entire India.

    Well-based in Delhi, our well-resourced and highly prestigious law firm has been very famous and trusted for the full-range of legal services related with the corporate world in India. These company law services essentially cover the expert and efficient services for registration of all most popular types of companies in entire India on behalf of Indian and foreign clients. All tasks involved in the entire company registration procedure are adroitly performed by our veteran and up-to-date company and corporate lawyers of international fame.

   To know more, or avail our services for registration or corporate governance and growth, please contact us through any of the following means ----

   Company Registration In India

   Email: Contact@Company-Registration.in

   Call/Whatsapp: +91- 8800100284 

   W/www(dot)company-registration(dot)in

Conversion of One Person Company into Private Limited Company

One-person Company is a relatively new term in India which is used for the businesses that are run by a single entrepreneur. OPC has become widely popular and it is promoted also to support new business enterprises. In the given article we will discuss about the reasons and methods of conversion of one-person company into private limited company (PLC).

There are basically two methods of converting an OPC to Private Limited Company which are voluntarily or by mandatorily. In any of the given cases an official process has to be followed for the conversion.
Eligibility for conversion:
An OPC can be converted to a Private Limited Company only if the following criteria are met strictly, which are:

• When the paid-up capital of the OPC exceeds Rs. 50 lakhs.
• When there is an average turnover for any three consecutive financial years of the company is more than Rs. 2 crores.

Mentioned below is a brief description of both the processes for a better understand of the people.

Voluntary Conversion

The process of conversion of Conversion of One Person Company into Private Limited Company voluntarily comes under the section 18 of the Companies Act. The process of conversion cannot be initiated till the completion of 2 years of the company as an OPC. Post that, the company can convert to a Private Limited Company which is under the same act, and it can be done by modification of MOA and AOA as per the provisions. After the conversion process, it is obligatory for the Private Limited Company to have a paid-up share capital of Rs. 50 lakh and also have an annual turnover of more than 2 crores.

Compulsory Conversion

This form of conversion takes place when an OPC has paid a capital of more than Rs. 50 lakhs or if the turnover of the company exceeds Rs. 2 crores. In the given conditions the company has to mandatorily convert itself to Private Limited Company.

Advantages of converting from OPC to Private Limited Company:

    

Easy Fund Raising

Private Limited Company have the opportunity to raise their shares by assistance from various investors, as getting funds/investments is the key for starting, sustaining and growing of any business.

Taxation Benefits

Private companies have been put under the bracket of 30% on total income but OPC is not recognized under the ITA, hence there are preferably more tax benefits by converting to Private Limited Company to prevent financial load.

 Improve Business Credibility

The credibility of a company is a very essential part of the company as it attracts reputed customers and assist in getting credit from dealers. With the information of Private Limited Company available on global database, it helps in validating the business and improving credibility of the business.

International Expansion

Private Limited Company are eligible for foreign direct investments of up to 100%, hence, foreign collaboration and investments can make the path of the company, being a multinational corporation, easier.

Company Registration In India

Email: Contact@Company-Registration.in

Call/WhatsApp: 8800100284

Address: New Delhi, Delhi 110092

           

POSH Compliances: Mandatory Requirement in India

With the growth of the concept of Gender Equality and Women Empowerment at workplace, the cases of sexual harassment have also increased manifold over a period of time. Besides implementation of various measures to prevent such acts, there’s no halt for this growing nuisance in the society.

Mandatory Director KYC Update: Avoid Penalty and Disqualification

Every director has to file DIR KYC before 30th September, 2019 in terms of Companies (Appointment and Qualification of Directors) Rules, 2018 and amendments thereafter.

This rule applies to all every person holding DIN, as on 31st March, 2019, including Directors, all designated partner of LLPs, irrespective of DIN being active or inactive and DIN being disqualified, have to get their DIR KYC updated/completed.