No, physical presence is not required. Scanned copies of all the required documents & forms will hold good to complete the procedure online. Also, we at Taxkriya, always encourage faceless and paperless process in all our services. We also provide video/ audio call support at your convenience.

If the name availability and all the documents are in line with the registrar's expectations, within 15 days we will be able to get the approval. However, for name availability, you can avail the best support from our team of experts.

Precisely! Even a private limited company must appoint an auditor, within 30 days of its incorporation and get its books to be audited in the year end irrespective of its turnover. Non compliance of same will lead to huge penalties and may lead to disqualification of the directors in some cases.

Any individual/organization can be a member of a private limited company including NRI/foreigners. Provided the individual's age must be minimum of 18 years holding a valid PAN card or Passport in case of foreign nationals.

As per the latest amendment, there is no minimum capital required for starting a private limited company.

There is no restriction for salaried person to become the director in private limited, OPC or LLP. Only thing that has to checked is whether his employment agreement allows for such provisions.

Yes, anyone can register the company at their own residential address, provided the utility bill for the same address is submitted.

The minimum number of directors for a private limited company is two directors and the maximum is 15. Likewise, minimum shareholders can be 2 and can have a maximum of 200 shareholders. The directors and shareholders can be the same or different people. Provided, at least one of the Directors should be a Resident in India.

According to the procedure, Registrar of Companies (ROC) expects the applicants to follow the proper naming guidelines. And also sometimes, the approval depends and varies on the opinion of the officer verifying your application. However, for name availability, you can avail the best support from our team of experts.

Presently, there is no government fee if the authorised capital is less than Rs.15 lakhs. However, stamp duty is chargeable as per respective state government stamp duty provisions.

Every company shall file for commencement of business with Registrar within 180 days from the date of incorporation. Before that every subscribers should bring subscription capital into companies' accounts.

In order to promote growth and investment, Income tax act has amended new tax provisions from FY 2019-20 which enables all domestic companies an option to pay income-tax at the rate of 22% subject to condition that no exemption/incentive is availed. Considering surcharge and cess, the effective tax rate for private limited companies shall be 25.17%. Also, such companies need not pay Minimum Alternate Tax.

To attract fresh investments in manufacturing and to promote Government's ‘Make-in-India’ initiative, all the manufacturing domestic concerns incorporated on or after 1st October 2019, will have an option to pay income-tax at the rate of 15%. This benefit is available subject to two conditions, one the company should not avail any exemption/incentive and production should be commenced on or before 31st March, 2023. The effective tax rate for these companies shall be 17.01% inclusive of surcharge & cess. Also, such companies shall not be required to pay Minimum Alternate Tax.

Firstly, the company must appoint a statutory auditor. Subsequently, the company should conduct AGMs & board meetings as per the provisions. Auditor must audit the books of the company at the year end. Company shall file form AOC - 4 and MGT - 7 - Annual filing of ITR and registrar of co. should also be complied.

MOA stands for Memorandum of Association and AOA stands for Articles of Association. These both are the byelaws or rules based on which signifant aspects like main business of the company or meetings is being decided. These legal documents are prepared by Company Secretaries during incorporation of the Company.