To register a company in India, the first step is to obtain name approval for the business from the Ministry of Corporate Affairs (MCA). This process takes about 24-48 hours. A private limited company name in India must end with the words private limited. One Person Company ends with (OPC) private limited. LLP end with LLP and Section 8 companies can end with words like foundation, association or institution.
A company name proposed to be registered cannot be identical or similar to an existing company name. Also, every company name must include a word that denotes the activity undertaken. For example, in VERVE Financial Services Private Limited - Financial Services denote the activity undertaken. Check Business Name Availability
All trademarks are registered in India with the Office of the Controller General of Patents, Designs and Trade Marks. A trademark application has to be filed under a class that denotes the type of goods or services the brand or logo represents. There are 45 trademark classes and each class represent a distinct type of goods or service.
Trademark search can be conducted using the tool above to check if any identical or similar brand or logo is registered or applied for under the same class. If there is an existing application, care must be taken while reapplying to ensure that the application is not rejected by the Trademark Registrar. Trademark Search
PAN is mandatory for Indian Directors.
Passport is mandatory for Foreign Directors or Shareholders.
Aadhaar is mandatory for Indian Directors.
Passport size photo of the Directors and Individual Shareholders.
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Features | Proprietorship | Partnership | LLP | Company |
---|---|---|---|---|
Definition | Unregistered type of business entity managed by one single person | A formal agreement between two or more parties to manage and operate a business | A Limited Liability Partnership is a hybrid combination having features similar to a partnership firm and liabilities similar to a company. | Registered type of entity with limited liability to the owners and shareholders |
Ownership |
For One Person Company |
|||
Registration Time | 7-9 working days | |||
Promoter Liability | Unlimited Liability | Limited Liability | ||
Documentation | ||||
Governance | - | Under Partnership Act | LLP Act, 2008 | Under Companies Act,2013 |
Transferability | Non Transferable | Transferable if registered under ROF | Transferable | |
Compliance Requirements | Know More |
Many small businesses pay lakhs in penalty every year to the Government for late filing various statutory returns. Such penalty or late fee paid is not tax deductible and is a drain on profitability. At IndiaFilings, our mission is to provide the most affordable services to our customers and help them avoid all late fee.To achieve our mission - we have built enterprise grade technology to help you proactively know the upcoming compliance and avoid penalty.Checkout our compliance services below, talk to an Advisor and stop paying unwanted late fees.
In addition to registration or incorporation, a business may require other registrations depending on the business activity undertaken. Talk to an Advisor to find out registrations your business may require post registration.
Every registered entity must fulfill its compliance obligations at the end of each financial year. These typically encompass tasks such as auditing financial records, filing income tax returns, and submitting annual forms to the MCA.
Form | Company Compliance | Due date | Penalty |
---|---|---|---|
COB Filing | Commence of Business Certificate | To be filed before 180 days of company Incorporation | Rs.50,000 for non-compliance |
DIR 3 EKYC | Any director with DIN | On or Before 30th September every year | Deactivation of the DIN A late filing fee of Rs.5,000 Disqualification of the Directors |
Form ADT 1 | Appointment of auditor | Within 15 days from the date of appointment of the Auditor | Late fees will be applicable, with fees ranging from 2 to 12 times the nominal fee, depending on the number of days of delay. |
Form AOC 4 | Filing financial statements of the company | 30 days from the conclusion of the AGM | Late fees will be applicable, with fees ranging from 2 to 12 times the nominal fee, depending on the number of days of delay. |
Form MGT 7 | Annual Returns of the Company | 60 days from the conclusion of the AGM |
In addition to the above filings, depending on the type of entity and business activity more compliance filing maybe applicable. Please check with an IndiaFilings Advisor to help you with the compliance for your company.
All Limited Liability Partnerships (LLP) registered in India are required to file statutory returns with the Ministry of Corporate Affairs (MCA) each year. IndiaFilings can help you maintain your LLP Compliance at a very affordable price.
Form | LLP Compliance | Due date | Penalty |
---|---|---|---|
DIR 3 KYC | For every designated partners of a limited liability partnership (LLP) with DIN | Before 30th September every year | Deactivation of the DIN A late filing fee of Rs.5,000 Disqualification of the Partners |
Form 11 | Annual Returns | May 30th every year | Late fees will be applicable, ranging from 1 to 15 times the nominal fee for Small LLPs and 1 to 30 times the nominal fee for other than Small LLPs, depending on the number of days of delay. |
Form 8 | Statements of Accounts and Solvency | 30th October every year |
Apart from the aforementioned filings, there might be additional compliance filings that could be relevant for LLPs. Please consult with an IndiaFilings Advisor to assist you with the compliance needs of your LLP.
Entity | Form | Due date |
---|---|---|
Private Limited Company | Annual Return (Form MGT-7) | 60 days from the conclusion of the AGM or 28th November 2024 (Which Ever is Earlier) |
Financial Statements (Form AOC-4) | 29th October 2024 | |
DIR-3 KYC | 30th September 2024 | |
Form DPT-3 | 30th June 2024 | |
Form ADT-1 | Within 15 days from the date of appointment of the Auditor | |
ITR 6 (Non audit case) | 31st July 2024 | |
ITR 6 (Audit Cases) | 31st October 2024 | |
GSTR 9 | 31st Dec 2024 | |
Limited Liability Partnership | ITR 5 (Non audit case) | 31st July 2024 |
ITR Form 5 (Audit case) | 30th September 2024 | |
Annual return - Form 11 | 30 May 2024 | |
Financial Statements - Form 8 | 30 October 2024 |
Note : Get in touch with our experts to efficiently handle your compliance filings, whether you are an LLP, a company, partnership firm or a proprietorship. Contact us to ensure your compliance is filed before the due date.
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What is the registration process of a company?
How much does it cost to register a company?
What are the types of registration?
Can NRIs or foreign national or foreign entities register a company in India?
How do I check the availability of names for my company?
Is GST registration mandatory at this stage?
What are the compliances of a Private Limited Company?
How to register a company in India?
Which Form is to be filed for the ITR filing of Private Limited Company?
Which form is to be filed for filing the annual returns of a Company?
How many members are required to start a Private Limited Company?
How can ownership be transferred?
How are the Companies taxed? What are the tax rates?
Who governs and controls the functioning of a Private Limited Company?
What are the benefits of registering a Private Limited Company?
What is authorized capital and paid-up capital?
What is limited liability protection?
How do I open a current account?
When is the statutory auditor to be appointed?