Nidhi Company Registration incorporation procedure becomes easier with the arrival of company registration process on online platforms. The incorporation can be performed at a reduced price and tenure. You need to give a minimum government fee while investing Rs 1 lakh as minimum authorized capital. Legal assistance from a chartered accountant or a lawyer is essential.
Their fees vary because the level of experience and expertise are different. This is applicable for offline registration process. It can also be done online where the fees of incorporation is lower. In this circumstance, there is no need of minimum paid-up capital. If you want to register your company in Kolkata, you may search for cost of private limited company registration in Kolkata to get more information.
To apply for the registration of a private limited company, at least two directors and two shareholders are required. An individual can be both a director and shareholder while a corporate legal body can only become a shareholder. In addition, foreign corporate entities, foreign nationals or NRIs can also become shareholders and / or directors of a company with Foreign Direct Investment. It facilitates the most accepted choice for foreign promoters to become entity.
Depending on the offering of products or services, each business needs a number of government registrations. If your company provides its clients with a service and the turnover crosses Rs. 9 lakh, customers’ service tax must be imposed. In this situation, it is important to perform a service tax registration.
Those who are selling products must have VAT registration. It is compulsory to get a license under Shops and Establishments Act for opening a current account. Professional tax registration is compulsory if there are employees. Cost of business registration may vary as most of the taxes are state-based and different all through India.
Declarations must be made by every company to the Ministry of Corporate Affairs in order to reveal:
Private limited companies need to maintain their books. Charges will differ depending on the number of entries and auditing is compulsory for this type of company. Fees for accounting and auditing can vary according to the volume of books and number of entries.
Their fees vary because the level of experience and expertise are different. This is applicable for offline registration process. It can also be done online where the fees of incorporation is lower. In this circumstance, there is no need of minimum paid-up capital. If you want to register your company in Kolkata, you may search for cost of private limited company registration in Kolkata to get more information.
To apply for the registration of a private limited company, at least two directors and two shareholders are required. An individual can be both a director and shareholder while a corporate legal body can only become a shareholder. In addition, foreign corporate entities, foreign nationals or NRIs can also become shareholders and / or directors of a company with Foreign Direct Investment. It facilitates the most accepted choice for foreign promoters to become entity.
Depending on the offering of products or services, each business needs a number of government registrations. If your company provides its clients with a service and the turnover crosses Rs. 9 lakh, customers’ service tax must be imposed. In this situation, it is important to perform a service tax registration.
Those who are selling products must have VAT registration. It is compulsory to get a license under Shops and Establishments Act for opening a current account. Professional tax registration is compulsory if there are employees. Cost of business registration may vary as most of the taxes are state-based and different all through India.
Declarations must be made by every company to the Ministry of Corporate Affairs in order to reveal:
- The minutes of board meetings
- The hiring of an auditor
- Annual filings of the company and directors and others
Private limited companies need to maintain their books. Charges will differ depending on the number of entries and auditing is compulsory for this type of company. Fees for accounting and auditing can vary according to the volume of books and number of entries.