Proprietorship Registration
There is no mechanism provided by the Government of India for the registration or incorporation of a Proprietorship. Therefore, the existence of a proprietorship is established only by tax registrations and other business registrations that a Proprietorship is required to have as per the rules and regulations.
At FastCorp,
we can help you establish an identity for your Proprietorship by obtaining the
relevant registrations depending upon business to be pursued by
Proprietorship Concern. Some typical registration required are as under:-
Ø Permanent Account
Number (PAN)
Ø Tax Deduction Account
Number (TAN)
Ø Goods & Services
Tax (GST) Registration
Ø Shops &
Establishments Act Registration
Ø Import-Export Code
Ø Professional Tax Registration
Documents
/ Information required to form a Sole Proprietorship Concern:-
Ø Aadhar Card of Resident Individual
Ø
PAN
Card of proposed proprietor
Ø
Identity
Proof of proposed proprietor (not required if having PAN Card)
Ø
Address
Proof of each proposed proprietor
Ø Passport (PP) Size Photographs of proposed Proprietor
Partnership firms are governed by provisions of the Partnership Act, 1932. Partnership firms are created by executing a Partnership deed amongst the proposed partners to carry on normal business or for a particular business activity. Although a Partnership firm is not mandatorily required to be registered but it is always advisable to register a Partnership firm due to the added advantages available to a registered partnership firm.
At
FastCorp, we can help you establish a partnership firm by drafting Partnership
deed in compliance with law and getting that registered with Registrar of Partnership. Further, we can
help you secure the relevant registrations depending upon business to be
pursued by your Partnership Firm. Some typical registration required are as
under:-
Ø Partnership Deed / Registered Partnership Deed
Ø Permanent Account
Number (PAN)
Ø Tax Deduction Account
Number (TAN)
Ø Goods & Services
Tax (GST) Registration
Ø Shops &
Establishments Act Registration
Ø Import-Export Code
Ø Professional Tax
Registration
Documents
/ Information required to form a Partnership Firm:-
Ø At least Two Partners (at least one Indian resident)
Ø
PAN
Card of each proposed partner
Ø
Identity
Proof of each proposed partner (not required if having PAN Card)
Ø
Address
Proof of each proposed partner
Ø Passport (PP) Size Photographs of each proposed partner
Ø Aadhar Cart copy of each proposed partner
Limited Liability Partnerships (LLPs) in India are governed by the provisions of the Limited Liability Partnership Act, 2008. LLP is created by executing a Limited Liability Partnership Agreement amongst the Partners to carry on normal business or for a particular business activity. Although execution of a Limited Liability Partnership Agreement is not mandatory, it is always advisable to execute a Limited Liability Partnership Agreement due to the added advantages available to a well-defined agreement.
At FastCorp, we can
help you establish a partnership firm by drafting Limited Liability Partnership
Agreement and getting that registered with Registrar of Companies. Further, we
can help you secure the relevant registrations depending upon business to be
pursued by your LLP. Some typical registration required are as under:-
Ø LLP Incorporation and consequent Certificate of Incorporation of LLP
Ø Permanent Account
Number (PAN)
Ø Tax Deduction Account
Number (TAN)
Ø Goods & Services
Tax (GST) Registration
Ø Shops &
Establishments Act Registration
Ø Import-Export Code
Ø Professional Tax
Registration
Documents
/ Information required to form a Limited Liability Partnership (LLP):-
Ø
2
Partners (Natural persons at least one of which must be an Indian resident i.e.
who was in India for at least 183 days in India in last financial year)
Ø
PAN
Card of each proposed partner
Ø
Identity
Proof of each proposed partner (not required if having PAN Card)
Ø
Address
Proof of each proposed partner
Ø
Passport
(PP) Size Photographs of each proposed partner
Ø
Digital
Signature Certificate (DSC) for each proposed partner
Ø Director Identification No. (DIN) of each proposed partner
One Person Company (OPC) in India is governed by the provisions of the Companies Act, 2013. One Person Company carries all the benefits of proprietorship business with added advantage of limited liability as it falls in to the category of Private Limited Company. Any natural person can form an OPC. An Incorporation document (similar to memorandum) and an agreement (similar to articles of association) is required to be filed electronically. The Registrar of Companies (ROC) shall register and control OPCs.
At FastCorp, we can help you incorporate a One Person Company by
drafting necessary documents and getting them filed with Registrar of Companies.
Further, we can help you secure the relevant registrations depending upon business
to be pursued by your OPC. Some typical registration required are as under:-
Ø OPC Incorporation and consequent Certificate of Incorporation of OPC
Ø Permanent Account
Number (PAN)
Ø Tax Deduction Account
Number (TAN)
Ø Goods & Services
Tax (GST) Registration
Ø Shops &
Establishments Act Registration
Ø Import-Export Code
Ø Professional Tax
Registration
Documents / Information required to form a One Person
Company (OPC):-
Ø
Resident
Natural Person being shareholder (promoter)
Ø
Resident
Natural Person being Director (Director and Shareholder can be the same person)
Ø
Resident
Natural Person being Nominee
Ø
PAN
Card of Promoter, Director and Nominee
Ø
Identity
Proof of Promoter, Director and Nominee
Ø
Address
Proof of proposed Promoter, Director and Nominee
Ø
Passport
(PP) Size Photographs of proposed Promoter, Director and Nominee
Ø
Digital
Signature Certificate (DSC) of proposed Promoter, Director and Nominee
Ø
Director
Identification No. (DIN) of proposed Promoter, Director and Nominee
Ø Address Proof of proposed Office
A
Private Limited Company in India is governed by the provisions of the Companies
Act, 2013 along with the rules and regulations issued thereunder and those
stated in the Memorandum and Articles of Association of the Company. A Private
Limited Company can be formed by minimum 2 members and the maximum limit of
members is 200. It can issue shares to either its members or select group of
individuals and cannot issue shares to general public. Shares of a Private
Limited Company cannot be traded in a stock exchange. Disclosure and
compliances for a Private Company are fewer as compared to a Public Limited
Company and must use words “Private Limited” at the end of its name.
At
FastCorp, we can help you incorporate a Private Limited Company by drafting
necessary documents including Memorandum and Articles of Association and
getting them filed with Registrar of Companies. Further, we can help you secure
the relevant registrations depending upon business to be pursued by your Private
Limited Company. Some typical registration required are as under:-
Ø Private Limited Company
Incorporation and consequent Certificate of Incorporation
Ø Certificate of
Commencement of Business
Ø Permanent Account
Number (PAN)
Ø Tax Deduction Account
Number (TAN)
Ø Goods & Services
Tax (GST) Registration
Ø Import-Export Code
Ø Shops &
Establishments Act Registration
Ø Labour Laws
Registrations
Documents
/ Information required to form a Private Limited Company:-
Ø
Minimum
2 Members (Members could be a natural person or some incorporated /
unincorporated body)
Ø Minimum
2 Directors (Natural persons at least one of which must be an Indian resident
i.e. who was in India for at least 183 days in India in last financial year.
Members can also become Directors)
Ø
PAN
Card of each proposed Director
Ø
Identity
Proof of each proposed Director (not required if having PAN Card)
Ø
Address
Proof of each proposed Director and Shareholder
Ø
Passport
(PP) Size Photographs of each proposed Director
Ø
Digital
Signature Certificate (DSC) for each proposed Director
Ø
Director
Identification No. (DIN) of each proposed Director
Ø
Address
Proof of proposed Office (Utility bill viz. either of Telephone Bill,
Electricity Bill, Gas Bill, Bank Statement)
Ø
No
Objection Certificate (NOC)
from the landlord where the office of the company will be situated
Ø
Summarised
Object of the company, which will define what the proposed company will pursue
after its incorporation
Ø
Unique
proposed name reflecting main objects of the proposed business
Ø Minimum share capital of Rs. 1,00,000/- (One Lakh)
A Public
Limited Company in India is governed by the provisions of the Companies Act,
2013 along with the rules and regulations issued thereunder and those stated in
the Memorandum and Articles of Association of the Company. A Public Limited Company
can be formed by minimum 3 members and directors (member and directors can be
the same person) and there is no limit on maximum number of members and
directors. It has limited liability and offers shares to the general public,
which can be traded at stock exchange. Due to involvement of public fund at
large disclosure and compliances for a Public Company are more wide and
stringent.
At
FastCorp, we can help you incorporate a Public Limited Company by drafting
necessary documents including Memorandum and Articles of Association and
getting them filed with Registrar of Companies. Further, we can help you secure
the relevant registrations depending upon business to be pursued by your
Private Limited Company. Some typical registration required are as under:-
Ø Public Limited Company
Incorporation and consequent Certificate of Incorporation
Ø Certificate of
Commencement of Business
Ø Permanent Account
Number (PAN)
Ø Tax Deduction Account
Number (TAN)
Ø Goods & Services
Tax (GST) Registration
Ø Import-Export Code
Ø Shops &
Establishments Act Registration
Ø Labour Laws
Registrations
Documents
/ Information required to form a Private Limited Company:-
Ø
Minimum
7 Members (Members could be a natural person or some incorporated /
unincorporated body)
Ø Minimum
3 Directors (Natural persons at least one of which must be an Indian resident
i.e. who was in India for at least 183 days in India in last financial year.
Members can also become Directors)
Ø
PAN
Card of each proposed Director
Ø
Identity
Proof of each proposed Director and shareholder (not required if having PAN
Card)
Ø
Address
Proof of each proposed Director and shareholder
Ø
Passport
(PP) Size Photographs of each proposed Director
Ø
Digital
Signature Certificate (DSC) for each proposed Director
Ø
Director
Identification No. (DIN) of each proposed Director
Ø
Address
Proof of proposed Office (Utility bill viz. either of Telephone Bill,
Electricity Bill, Gas Bill, Bank Statement)
Ø
No
Objection Certificate (NOC)
from the landlord where the office of the company will be situated
Ø
Summarised
Object of the company, which will define what the proposed company will pursue
after its incorporation
Ø
Unique
proposed name reflecting main objects of the proposed business
Ø Minimum share capital of Rs. 5,00,000/- (Five Lakh)
A Section 8 Company in India is governed by the provisions of the Companies Act, 2013. It is registered for Charitable Purposes and is similar to Trusts and Charitable Societies. A Section 8 company must promote a public cause and the proceeds generated by the entity must solely be used to support the stated public cause(s) only. This can be formed by minimum 2 members and 2 directors (Members can also become Directors) and the maximum limit of members is 200. It is not permitted to pay any dividend to any of its members. One of the Directors must be an Indian Citizen and Indian Resident. In addition to the required number of persons, a registered office within India would also be required for the Section 8 Company. Disclosure and compliance of a section 8 Company are fewer than a pure Private Limited Company and is also exempt from using the words "Private Limited" at the end of its name.
At
FastCorp, we can help you incorporate a Section 8 Company by drafting necessary
documents including Memorandum and Articles of Association and getting them
filed with Registrar of Companies. Further, we can help you secure the relevant
registrations depending upon activities / business for the furtherance of the objects
to be pursued by your Section 8 Company. Some typical registration required are
as under:-
Ø Section 8 Company
Incorporation and consequent Certificate of Incorporation
Ø Permanent Account
Number (PAN)
Ø Tax Deduction Account
Number (TAN)
Ø Registration u/s
80G(5) of the Income Tax Act, 1961 to allow deduction to donors
Ø Registration u/s 12A
of the income Tax Act, 1961 to allow exemption from payment of income tax
Ø FCRA Registration for
securing donation from foreign sources (contribution)
Ø Goods & Services
Tax (GST) Registration, wherever applicable
Ø Import-Export Code,
wherever required
Ø Labour Laws
Registrations, wherever required
Documents
/ Information required to form a Private Limited Company:-
Ø
Minimum
2 Members (Members could be a natural person or some incorporated /
unincorporated body)
Ø
Minimum
2 Directors (Natural persons at least one of which must be an Indian citizen and
Indian resident i.e. who was in India for at least 183 days in India in last
financial year. Members can also become Directors)
Ø
PAN
Card of each proposed Director
Ø
Identity
Proof of each proposed Director (not required if having PAN Card)
Ø
Address
Proof of each proposed Director
Ø
Passport
(PP) Size Photographs of each proposed Director
Ø
Digital
Signature Certificate (DSC) for each proposed Director
Ø
Director
Identification No. (DIN) of each proposed Director
Ø
Address
Proof of proposed Office (Utility bill viz. either of Telephone Bill,
Electricity Bill, Gas Bill, Bank Statement)
Ø
No
Objection Certificate (NOC)
from the landlord where the office of the company will be situated
Ø Summarised Object of the company, which will define what the proposed company will pursue after its incorporation
Ø Unique proposed name reflecting main objects of the proposed activities
A
Nidhi Company in India is governed by the provisions of the Companies Act,
2013, Nidhi Rules, 2014 and RBI Regulations as to acceptance of deposits. A
Nidhi Company usually gets associated with the Benefit Funds, Permanent Fund,
Mutual Benefit Company and Mutual Benefit Funds. Therefore, any individual who
seeks to incorporate as a Nidhi must adhere with the pre-requisites and
post-requirements under Nidhi Rules, 2014. A Nidhi Company can be formed
by minimum 7 members and 3 directors (members and directors can be the same
person) and there is no limit on maximum number of members and directors,
although within one year of incorporation, the minimum number of members has to
increase to 200. The name of such a company must suffix "Nidhi
Limited". The activities of lending and borrowing of Nidhi must immerse
the interest only of its members. Also, the end goal of thrift and savings
confines to the Nidhi members only and to no third party. It has limited
liability and can offer only equity shares to its members, which too cannot be
traded at stock exchange. Due to acceptance of deposits from its members,
disclosure and compliance requirement for a Nidhi Company are more wide and
stringent.
Post
incorporation of the Limited Company, within a period of one year from the
commencement, the Nidhi Company must meet all of the following criteria for
continuing to operate as a Nidhi Company:
1. Not
have less than two hundred members (shareholders);
2. Have
Net Owned Funds (NOF) (aggregate of paid up equity share capital and free
reserves as reduced by accumulated losses and intangible assets appearing in
the last audited balance sheet) of ten lakh rupees or more;
3. Have
a ratio of Net Owned Funds to deposits of not more than 1:20; and
4. Have
unencumbered term deposits of not less than ten per cent of the outstanding
deposits.
In the case at the
end one year from commencement the Nidhi Company is not able to meet the above
requirement, the Company may within thirty days from the close of the first
financial year, apply to the Regional Director for extension of time. If even
after the second financial year the Nidhi Company is not able to meet the
requirements for a Nidhi Company, then the Nidhi Company shall not accept any
further deposits from the commencement of the second financial year till it
complies with the provisions for operating as a Nidhi Company and be liable for
penal consequences.
At FastCorp, we can help you incorporate a Section 8 Company by drafting necessary documents including Memorandum and Articles of Association and getting them filed with Registrar of Companies. Further, we can help you secure the relevant registrations depending upon activities / business for the furtherance of the objects to be pursued by your Section 8 Company. Some typical registration required are as under:-
Ø Section 8 Company Incorporation and consequent Certificate of Incorporation
Ø Permanent Account Number (PAN)
Ø Tax Deduction Account Number (TAN)
Ø Registration u/s 80G(5) of the Income Tax Act, 1961 to allow deduction to donors
Ø Registration u/s 12A of the income Tax Act, 1961 to allow exemption from payment of income tax
Ø FCRA Registration for securing donation from foreign sources (contribution)
Ø Goods & Services Tax (GST) Registration, wherever applicable
Ø Import-Export Code, wherever required
Ø Labour Laws Registrations, wherever required
Documents
/ Information required to form a Nidhi Company:-
Ø
Minimum
7 Members (Members could be a natural person or some incorporated /
unincorporated body)
Ø
Minimum
3 Directors (Natural persons at least one of which must be an Indian resident
i.e. who was in India for at least 183 days in India in last financial year.
Members can also become Directors)
Ø
PAN
Card of each proposed Director
Ø
Identity
Proof of each proposed Director and shareholder (not required if having PAN
Card)
Ø
Address
Proof of each proposed Director and shareholder
Ø
Passport
(PP) Size Photographs of each proposed Director
Ø
Digital
Signature Certificate (DSC) for each proposed Director
Ø
Director
Identification No. (DIN) of each proposed Director
Ø
Address
Proof of proposed Office (Utility bill viz. either of Telephone Bill,
Electricity Bill, Gas Bill, Bank Statement)
Ø
No
Objection Certificate (NOC)
from the landlord where the office of the company will be situated
Ø
Summarised
Object of the company, which will define what the proposed company will pursue
after its incorporation
Ø
Unique
proposed name reflecting main objects of the proposed business
Ø
Minimum
share capital of Rs. 5,00,000/- (Five Lakh)
A
Producer Company in India is governed by the provisions of the Companies Act,
2013. A producer company is a committee of 10 or more
people and 2 institutions with a joint objective of dealing with agricultural
and post-harvesting processing activities. In simple words, it is a cluster of
farmers who joint hands for better living and to improve their income. A Producer Company can be formed by minimum 10 members and 5 directors (members and directors can be the same person) and there is no limit on maximum number of members and directors. It has limited liability and can offer only equity shares to its members, which cannot be traded at stock exchange. The Producer Company in India cannot be treated as Deemed Public Company.
At
FastCorp, we can help you incorporate a Producer Company by drafting necessary
documents including Memorandum and Articles of Association and getting them
filed with Registrar of Companies. Further, we can help you secure some typical
registration required required by a Producer Company, which are as under:-
Ø Certificate of
Commencement of Business
Ø Permanent Account
Number (PAN)
Ø Tax Deduction Account
Number (TAN)
Ø Goods & Services
Tax (GST) Registration
Ø Import-Export Code
Ø Shops &
Establishments Act Registration
Ø Labour Laws Registrations
Documents
/ Information required to form a Producer Company:-
Ø
10 or more than 10 and 2 or more than 2
Institutions
Ø
Minimum 5 Directors (Natural persons at least
one of which must be an Indian resident i.e. who was in India for at least 183
days in India in last financial year. Members can also become Directors)
Ø
PAN Card of each proposed Director
Ø
Identity Proof of each proposed Director and member
Ø
Address Proof of each proposed Director and member
Ø
Passport (PP) Size Photographs of each
proposed Director
Ø
Digital Signature Certificate (DSC) for each
proposed Director
Ø
Director Identification No. (DIN) of each
proposed Director
Ø
Address Proof of proposed Office (Utility
bill viz. either of Telephone Bill, Electricity Bill, Gas Bill, Bank Statement)
Ø
No Objection Certificate (NOC)
from the landlord where the office of the company will be situated
Ø
Summarised Object of the company, which will
define what the proposed company will pursue after its incorporation
Ø
Unique proposed name reflecting main objects
of the proposed business
Ø Minimum share capital
of Rs. 5,00,000/- (Five Lakh)