Registration & Incorporations
There are 2 types of companies that can be incorporated as per company law in India (i) Private Limited Company and (ii) Limited Company.
PRIVATE LIMITED COMPANY: A company having minimum paid up share capital of Rs. 1 lac or higher. Further, for the incorporation of private limited company in India, minimum 2 directors are required. One registered office is also required. In case of foreign company or subsidiary company of any foreign national or company, at least one director is required to be of Indian nationality. Further, one physical registered office is also required.
LIMITED COMPANY: For incorporation of a limited company paid up share capital is Rs. 5 lacs or higher. Further, minimum 5 directors and 7 shareholders are required. ROC fee is payable as per the guidelines.
LIMITED LIABILTY PARTNERSHIP (LLP): Unlike partnership firm, prescribed under partnership act 1934, new legislation was brought in 2008 namely, Limited Liability Partnership Act. Incorporation formalities are as similar as private limited company. It is also been incorporated by registrar of companies. Minimum 2 partners are required for the incorporation of LLP in India. In old Partnership Act, a partner had unlimited liability towards the firm, whereas, in LLP, the partner has been restricted to limited liability of profit and loss to its shares.
We have incorporated many companies/LLPs for or on behalf of our clients. Besides litigation and corporate consultancy We have a separate team who looks after registration and incorporation related assignments. We also have a skilled team comprising of Charted Accountants, Cost Accountants and Company Secretaries who deals with ‘after incorporation’ services viz. registration with income tax, registration with GST, secretarial compliances with ROC, annual filling, audit, preparing annual balance sheet etc.