Facebook tag

Start Your Business

Choose India's Advanced Business service provider Companify

More Info

Start Your Business

Starting a business can be one of the most rewarding experiences in life.

Intellectual Property

Registering your intellectual property is important to protect your ideas.

ISO Certification

ISO certification registration helps you to enhance the credibility of your organization among the clients.

Change in Business

If you want to change your business registration, this will tell you what you need to do.

Closure of Business

The Compliance Plan is a set of features that help you control how your team uses Slack.

Compliance Plan

If you're closing your business, it's important to close your business registration.

FSSAI

The Food Safety and Standards Authority of India (FSSAI) is the regulating body for food safety in India.

Import Export Code

If you are an importer or exporter of goods, you must register for an India Export Code.

Startup India Registration

Startup India is a flagship initiative of the Government of India to support entrepreneurship and nurture innovation.

MSME

MSME registration is an online program that provides an overview of the basic steps to start or grow your small business.

GST Registration

GST is a consumption tax, which means that it will be added to the cost of goods sold.

GST Return Filing

If you're a small business owner, you'll need to file your quarterly GST returns.

Digital Signature (DSC)

Digital Signature Certificate is an electronic signature based on public-key cryptography.

FAQs of Start Your Business

There are certain requirements for registering a company.

  • Digital signatures or DSC of all the subscribers and DIN of the person desiring to be the directors of the company. All the forms which are filed on the MCA portal require Digital signatures of the signatories.
  • After getting the DSC the form Spice+ is filled on the portal with the required documents as attachments.
  • For ID proof- Aadhar Card
  • PAN card, passport
  • For Address proof
  • Latest 2 months Utility bills such as Electricity Bill, Water Bill, bank statements of the subscribers
  • Address proof of company registered office – Latest 2 Months Electricity or water bill and if the pace is rented then Rent Agreement, NOC from the owner
  • Log in to the GST Online Portal
  • Fill up Form Part-A (PAN, Mobile No., and E-mail)
  • The Portal verifies your detail by OTP/E-mail
  • Upload the required documents
  • Access and fill in Part B using the received number
  • You will get the Application Reference Number
  • The GST Officer starts verifying your documents
  • The GST Officer either rejects or accepts your application within 7 working days.
  • In case of any further proofs or clarifications required, one must provide the same.
  • After all the clarifications GSTN number shall be allotted to you.
  • Convene a Board meeting.
  • Serve notice to conduct EGM.
  • Obtain NOC from the creditors.
  • Conduct EGM and pass a special resolution.
  • Submit form MGT-14 to ROC.
  • Fill form INC-6 for conversion of the Private Company to OPC.

OPC may convert itself into a private limited company after the expiry of 2 years from the date of incorporation. If there is more than one director appointed in a company, it is necessary to hold a meeting of the board for change.
 

Like publicly traded companies headquartered in the U.S., PLCs are owned by shareholders. These companies are traded on exchanges and shares where shares can be openly bought or sold by individuals, companies, mutual funds, etc.

 Minimum 7 shareholders required to form a public limited company and minimum 3 directors required to form a public limited company. A minimum share capital of Rs. 5 lakhs is required.

A Public Limited Company is a type of business entity that has limited liability and offers shares to the general public. The shares of a public limited company are traded on a stock exchange and can be bought and sold by anyone.
The advantages of a Public Limited Company are: a) Limited liability protection for shareholders b) Ability to raise capital through the issuance of shares c) Greater credibility and visibility in the market d) Transferability of shares e) Perpetual succession
The advantages of a Public Limited Company are:
a) Limited liability protection for shareholders
b) Ability to raise capital through the issuance of shares
c) Greater credibility and visibility in the market
d) Transferability of shares
e) Perpetual succession

For a company to be a foreign subsidiary company in India, the company itself must be incorporated in India. It does not matter which country the parent company is incorporated in. Compliances are based on many aspects of the company.

Foreign companies are liable to pay cooperative tax under the Income Tax Act.

Any foreign company can set up its business in India by filing eForm FC-1 (Information to be filed by a foreign company).
 

Any two or more persons, including individuals and companies, can form an LLP. There is no upper limit on the number of partners in an LLP.
A: Some advantages of forming an LLP include limited liability protection for the partners, the ability to attract investors, easy transferability of ownership, and flexibility in management.
Yes, an LLP can be converted into a private limited company by following the procedure laid down by the Ministry of Corporate Affairs. The conversion requires the approval of the ROC and other relevant authorities.
A: The time taken to register an LLP depends on various factors such as the availability of the name, the completeness of the application, and the workload of the ROC. Generally, it takes around 15-20 days to register an LLP.
An LLP is required to file annual returns and maintain proper books of accounts. The partners are also required to file their income tax returns. Failure to comply with these requirements can result in penalties and fines.
Yes. As per rule 8(7) of the Companies (Incorporation) Rules, 2014, for the Companies under Section 8 of the Act, the name shall include the words foundation, Forum, Association, Federation, Chambers, Confederation, council, Electoral trust and the like, etc.
No, the Section 8 Companies enjoy limited liability even without adding the words “Limited” or “Private Limited”. No, it does not affect their limited liability.
Any person or an association of persons intending to register a limited liability company for objects specified below can opt to apply for registration of Section 8 Company. The following have to be proved to the satisfaction of the Central Government: (a) its objects include the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of the environment, or any such other object; (b) the company after incorporation intends to apply its profits if any, or other income in promoting such objects only; (c) the company intends to prohibit the payment of any dividend to its members.
The benefits of registering a Section 8 company are:
The company enjoys tax exemption on its income and donations received.
It has limited liability protection for its members.
It is eligible for foreign contributions.
It can apply for various government schemes and grants.
A minimum of two directors.
A minimum of two shareholders.
The company must have a registered office address.
The memorandum of association must state the objectives of the company.
The articles of association must comply with the Companies Act, of 2013.
The procedure for registering a Section 8 company is: Obtain Digital Signature Certificates (DSC) and Director Identification Numbers (DIN) for the directors.
Reserve a unique name for the company through the RUN (Reserve Unique Name) facility.
Draft and file the memorandum and articles of association with the Registrar of Companies.
Obtain a license from the Regional Director of the Ministry of Corporate Affairs.
Obtain a certificate of incorporation from the Registrar of Companies.
A Nidhi company is a non-banking financial company (NBFC) in India that deals with borrowing and lending money to its members. It is regulated by the Ministry of Corporate Affairs (MCA) and must comply with specific regulations.
Nidhi company registration is the process of incorporating a Nidhi company in India. It involves obtaining a Digital Signature Certificate (DSC), Director Identification Number (DIN), and filing the necessary documents with the Registrar of Companies (ROC).
The requirements for Nidhi company registration include a minimum of 7 shareholders, 3 directors, a minimum paid-up capital of Rs. 10 lakhs, a registered office address, and compliance with the Companies Act, 2013.
The cost of Nidhi company registration includes government fees, professional fees for legal and accounting services, and other miscellaneous expenses. The total cost can range from Rs. 20,000 to Rs. 30,000 depending on various factors. (But Companify is offering you only just 18999/-)
No, a Nidhi company cannot raise funds from the public. It can only accept deposits and provide loans to its members. It must comply with the restrictions and regulations imposed by the Reserve Bank of India (RBI)
No, a Nidhi company cannot raise funds from the public. It can only accept deposits and provide loans to its members. It must comply with the restrictions and regulations imposed by the Reserve Bank of India (RBI)
A chit fund company is a type of financial institution that pools money from a group of individuals and redistributes it to members through periodic auctions, usually for a fee or commission.
Registering a chit fund company in India allows you to legally operate and offer financial services to individuals, provides credibility to your business, and can potentially attract more investors.
The fees associated with chit fund company registration in India vary depending on the state and the amount of capital being raised, but typically range from a few thousand rupees to several lakhs of rupees.
The time it takes to register a chit fund company in India varies depending on the state and the complexity of the application, but typically takes several weeks to a few months.
Yes, a chit fund company can operate in multiple states in India but must obtain separate registrations from the Registrar of Chits in each state.
A Producer Company is a type of company registered under the Companies Act, 2013, which is formed by a group of farmers, artisans, or any other person engaged in the production of goods or services. The main objective of a Producer Company is to improve the income and quality of life of its members by providing them with access to better technology, marketing channels, and other resources.
A group of ten or more individuals engaged in the production of primary produce or having one or more producer institutions as its member can form a Producer Company. The individuals must be residents of India and the producer institutions must be registered under any law in force in India.
The benefits of registering a Producer Company include limited liability, perpetual succession, separate legal entity status, and access to better technology, marketing channels, and other resources. Producer Companies are also eligible for various government schemes and subsidies.
The compliance requirements for a Producer Company include conducting regular Board Meetings and General Meetings, maintaining proper books of accounts, filing of annual returns, and complying with other provisions of the Companies Act, 2013. A Producer Company must also ensure that at least 50% of its net profits are distributed among its members as dividends.
Yes, a Producer Company can convert into any other type of company such as a Private Limited Company or a Public Limited Company. However, the conversion process must comply with the provisions of the Companies Act, 2013, and the approval of the members and the Registrar of Companies (ROC) is required.
Companify Support Call