Company Formation in Delhi

Company Formation

#Companyformation #StepsofCompanyformation #LegalStructure #Documentsrequired

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Company Formation	Private Limited	Public Limited
(Cost Inclusive Of Taxes)	16,000/-	30,000/-
Authorized Capital	Rs100,000	Rs 500,000
DIN Application (Director Identification No )	2 Directors	3 Directors
DSC (Digital Signature of Director )	2 Director	3 Director
Application Of Name	Yes	Yes
Drafting MOA & AOA	Yes	Yes
Certificate Of Incorporation	Yes	Yes
Certificate Of Commencement	Yes	Yes
Total Time Taken	15 working days (Approx)	15 working days (Approx)
PAN & TAN Application	Yes	Yes
1 Year Corporate Advisory	Yes	Yes
	SUBMIT REQUEST	SUBMIT REQUEST

Steps

Legal Structure of Company in India

In India incorporation of company is governed as per the Provisions of Companies Act 2013 and authority approving the company registration is Registrar of Companies.

In India Company existence can be in the form of Private limited or Public limited

	Private Limited	Public limited
Minimum authorized capital required	RS 100,000	Rs 500,000
Registered Office	Must be in India	Must be in India
Minimum and Maximum Number of  Share holder	Minimum 2 and Maximum 200	Minimum 7 and Maximum No limit
Minimum and maximum no of Directors	Minimum 2 And Maximum 15	Minimum 3 and Maximum 15
Foreign Investment	Yes as per the FDI policy **	Yes as per the FDI policy **
Corporate Taxation rate (for upto Rs. 10 crore income)	33.063%	33.063%
(However, from AY 2017-18, basic tax rate is 29% if turnover does not exceed Rs. 5 crore.)
Audit requirement	Yes Yearly	Yes Yearly
Filing of Financial Statements with the Registrar Of Companies	Yes Yearly	Yes Yearly
Acceptance of deposits	No	No
Restriction On transfer Of shares	Yes	No
Board Meeting	Once in Every Qtr	Once in Every Qtr
Annual General Meeting (Shareholders)	Once in a Year	Once In a Year

**Foreign Direct Investment (FDI) in any form is prohibited in any Indian entity, whether incorporated or not, which is engaged or proposes to engage in the following activities:

1. Lottery Business including Government/private lottery, online lotteries, etc.
2. Gambling and Betting including casinos etc.
3. Business of chit fund.
4. Nidhi company.
5. Trading in Transferable Development Rights (TDRs).
6. Real estate business (However, FDI is permitted in development of townships, construction of residential/commercial premises, roads or bridges educational institutions, recreational facilities, city and regional level infrastructure, townships), or construction of farm houses
7. Manufacturing of Cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes
8. Activities / sectors not open to private sector investment e.g. Atomic Energy and Railway Transport (other than Mass Rapid Transport Systems).

Documents Required Company Formation

We will need following details/ documents

1. PAN card copy for proposed directors for Indian resident, for Non-resident copy of Passport (self-attested).
2. Address proof for proposed directors, (self-attested).
3. PAN card copy for proposed shareholders for Indian resident for Non-resident copy of Passport, (self-attested)
4. Address proof for proposed shareholders, (self-attested)
5. One photograph of each proposed director and shareholders,
6. Valid mobile No. and mail id,
7. Name of the company proposed, 6 names in order of priority,
8. Proposed state in which the registered office will be situated for the Company,
9. Address of registered office & proof of registered address (i.e. Electricity Bill, Telephone/Mobile Bill, Gas Bill),
10. Address of the police station in whose jurisdiction registered address of the company lies,
11. Authorized share capital of the proposed company
12. Main object for the proposed company.
13. Digital signature of any one of the director.

Thanks & Regards
CA. Ashwani Rastogi

Partner, ARJS & Associates

M.Com, FCA, ACS, FAFD

Chartered Accountants 

Address- 2029, Bank St, Near Shreem Jewellers, Block 47, Beadonpura, 

Karol Bagh, New Delhi, Delhi 110005
Mobile Number- +91-9990999281

Office Number: 011-42137042 | Website- ww.globaltaxation.in

More Details- http://www.globaltaxation.in/company-formation.html