How much does it cost to register a company in India?

The cost of registration of a sole proprietor company is nearly Rs 2,500 while that of a partnership firm is nearly Rs 5,000. If you incorporate a private (LLP or LLC) company with a minimum authorised capital of Rs 1,00,000, the registration will cost you Rs 7,000.

What is the fees for company registration?

Government fees for company registration

Nominal share capital Registration fees
Rs 10,00,000 to Rs 50,00,000 Rs 2000. Rs.200 will be added for every increase of Rs. 10,000 of nominal share capital.
Rs 50,00,000 to Rs one crore Rs 1,56,000. Rs.100 will be added for every increase of Rs. 10,000 of nominal share capital.

How much does it cost to register a private company?

A company registration may vary between R125 and R475 (R125 for a private company, R475 for a non-profit company registered without members).

How can I register my company in India?

If you intend to register a new company in India, you must submit an apppcation to the Ministry of Corporate Affairs (MCA). You make the apppcation onpne at MCA portal remotely too. For registration, you’ll need a Digital Signature Certificate(DSC), and Director Identity Number(DIN), among other things.

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Which is better LLP or Pvt Ltd company?

LLP is a body corporate formed and incorporated under LLP ACT 2008. LLP is a preferable form of organization as it provides benefits of both the private limited and partnership firm. Llp is a legal entity separated from its partners.

Difference Between Private Limited Company & LLP – Analysis.

Compliances High legal compliances Less legal compliances

Can we run a company without registration?

To operate a business without registration you need a current account. Now to open the current account, the bank will ask you for any government registration. The government registration can be MSME registration, Shop & establishment registration or GST registration.

What documents are needed to register a company?

The following supporting documents are required: o Certified identity copy of applicant; o Certified copies of the Identity Documents or passport of the Directors and Incorporators; o The name confirmation certificate (COR9.

How long does it take to register a company?

How long does it take to register a company? The amount of time it takes to form a company online depends on how you choose to do it. Postal applications to Companies House can take between eight and ten days, but if you go online you can set up your business within 24 hours.

Does Seda register companies?

SEDA Procurement Portal – SMME Registration. To register and complete your company profile to advertise your company on the Procurement Portal, follow the step-by-step process below and on the next pages which will take you between 10-15minutes to complete – All fields marked with the * are required fields.

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What documents are required to register a company in India?

Documents Required for Company Registration

  • Passport.
  • Election Card or Voter Identity Card.
  • Ration Card.
  • Driving License.
  • Electricity Bill.
  • Telephone Bill.
  • Aadhaar Card.

Can I register a company online?

Some states allow you to register online, and some states make you file paper documents in person or through the mail. Most states require you to register with the Secretary of State’s office, a Business Bureau, or a Business Agency.

What are the disadvantages of LLP?

LLP Disadvantages

In case an LLP fails to file Form 8 or Form 11 (LLP Annual Filing), a penalty of Rs. 100 per day, per form is applicable. There is no cap on the penalty and it could run into lakhs if an LLP has not filed its annual return for a few years.

Is it good to join LLP company?

LLPs combine the operational advantages of a Company as well as the flexibility of Partnership Firms. The fee for incorporation of an LLP firm is very nominal as compared to that for Private Limited Company. The compliance requirements for an LLP are significantly lower than those for a private limited company.

Is GST required for LLP?

GST Registration (For LLP/Partnership):-

GST Registration Regular Scheme is applicable on that person, which is Annual Turnover exceed 1.5cr. If turnover exceed 1.5 cr still normal scheme can be chosen. This taxpayers are filling return GSTR-3B Monthly or GSTR-1 Monthly basis.