A Complete Guide to Mutual Consent Divorce Procedure in Jaipur-Khanna & Associates LLP


A Complete Guide to Mutual Consent Divorce Procedure in Jaipur-Khanna & Associates LLP

Khanna & Associates LLP founded in 1948 by Late Amarnath Singh Khanna is a giant of its kind.It is a conglomerate of Diversified Acumen with its verticals ranging from Legal to Finance .

Our Team at Khanna & Associates will make an endeavour  to help in your way to seek Mutual Consent Divorce

Mutual Consent Divorce was brought by the India Parliament vide Amendment in the year 1976 in the Hindu Marriage Act.

Mutual Consent Divorce has brought relieve. As a mutual consent divorce lawyer, it is desirable to suggest to parties to understand the futility of long drawn litigation and thereby proceed towards mutual consent divorce.

As per law, duration/time of obtaining mutual consent divorce is six months. Although, parties have option of filing the second motion petition any time between six months and eighteen months from the date of the filing of the Mutual Consent Divorce Petition.

 

Parties desirous of Mutual Consent Divorce are always perplexed as to how to initiate the process, role of court, terms and conditions of mutual consent divorce, issues of maintenance and child custody, duration of mutual consent divorce, place where Petition for mutual consent divorce can be filed and other allied questions

 

For the purpose of clarity, you just need to understand following bullets point:-

 

Spouses should talk to each other about future course. If both spouses reach to a conclusion that marriage is not workable they should ease out the tension surrounding them and accept that their marriage has broken down. Forget the fear of society. Nobody knows situation better than husband and wife themselves; also impact on the children.Accept that there can be agreement even in disagreement.

 

If there are child(ren) involved, spouse should decide amongst themselves who is going to be have the physical custody of the children, duration of visitation rights and interim custody during summer and winter vacations and other holidays. Both parents are equally competent to take the custody of the children. It’s the understanding and agreement between parties which prevails subject to the welfare of the minor child(ren). Parties can have understanding of joint custody or shared parenting in mutual consent divorce process.

 

If there are child(ren) involved, spouse should decide amongst themselves who is going to be have the physical custody of the children, duration of visitation rights and interim custody during summer and winter vacations and other holidays. Both parents are equally competent to take the custody of the children. It’s the understanding and agreement between parties which prevails subject to the welfare of the minor child(ren). Parties can have understanding of joint custody or shared parenting in mutual consent divorce process.

 

Next important aspect is financial settlement. There are various aspects of financial settlement which includes alimony, maintenance, house, education expenses, higher education expenses, marriages, istridhan, joint investments, joint accounts and many other. As a mutual consent divorce lawyers, we provide platform to parties to discuss these issues in calm atmosphere and reach to their own solutions. We as a mutual consent divorce lawyers provide different options using our vast experience in the field to resolve issues affecting the chances of settlement. Sometime, emotions between spouses are running so high that logic fails.

 

Now, you are ready to file petition for mutual consent divorce.Petition for mutual consent divorce can be filed at any of the following place:-

Place where marriage had taken place

Place where husband and wife last resided together.

Place where wife is residing at the time of filing of the Petition

Once petition for divorce by mutual consent is filed, parties presence are required in the Court for recording of the statement. In the event one of the party is unable to come, such party can appear through power of attorney. Such power of attorney preferably should be a family member of the spouse.Once statement is recorded, it is commonly called First Motion has been granted.

After passing of first motion, parties are called upon to wait for six months period before moving Petition for second motion. This period is extendible unto eighteen months. This six months period in mutual consent divorce is generally called cooling-off period. Six months period are given to parties to think their relationship again. It is given for reconciliation.

After six months period, if parties have been unable to resolve their differences, they will have to appear in the Court again. Statement of parties would be recorded again.

During the period of six months i.e. before moving second motion, both parties have liberty to withdraw their consent for divorce.

After this Court passes an order dissolving the marriage by granting decree of divorce and thereby marriage stands dissolved.

KHANNA & ASSOCIATES is a full service International Law Firm handling all legal matters on Civil, Criminal, Business, Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts as well  as Tribunals. An individualized service by members with decades of experience ensures total satisfaction to the clients.

 

We Provide Following Services :

  • Mutual Consent Divorce
  • Contested Divorce
  • International Divorce
  • NRI Divorce
  • Child Custody
  • Maintainance and Alimony
  • 498A and other Criminal Proceedings
  • Annulment Of Marriage
  • Domestic Violence
  • Transfer Petition in Supreme Court
  • Restitution Of Conjugal Rights
  • Judicial Seperation
  • Court Marriage
  • Divore Petiotion Drafting
  • Counseling & Mediation

Contact Us :

o   http://www.khannaandassociates.com

o   http://www.cafirm.khannaandassociates.com

o   http://www.bestdivorcelawyer.in

o   http://www.domesticviolence.co.in

IN-+91-946160007 ,9461620006

US-+1-80151-20200

info@khannaandassociates.com

 

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CA Firm jaipur , Chartered Accountant, cpa us, cpa india,ca injaipur,cafirm jaipur,cafirm in india,best cafirm in jaipur/rajasthan/india ,best chartered accountant, Income tax lawyer,Incometax advocate,tax advocate ,rectification under 154,intimation under section 143(1), Tax raid,External Commercial Borrowing,International Arbitration,Mystery Audit,Audit and Assurance ,44AD,Income tax return filing,Service tax return Filing ,VAT registration,Company registration,Partnership deed,Settlement Of accounts,Loan papers,Loan Facilitation ,Charitable Trust,Assessment procedure,TDS,Income from Other Sorces,Salary return,Investment ,Insurance,Foriegn Direct Investment,High Court Appeal Khanna & Associates LLP – Legal & Financial Consultants

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An Action Plan for Start up/Stand up India/Jaipur as per companies act 2013-Khanna & Associates

 All you Need to Know

KHANNA & ASSOCIATES is a 70 year old  taxation lawyer and chartered accountant firm .It includes Company Secretary , MBA s, Taxation Lawyers and Chartered Accountant. We are an international law firm . We provide various services legal to finance.

 we provide the formation, Promotion ,Incorporation ,management and post-incorporation compliance services for  LLP/Private/Public/Wos/Ngos/Non-profit  offshore and onshore companies.

 

Prime Minister Narendra Modi has kicked off the ambitious Startup India Movement. The government programme aims to fill gaps in the economy for the growth and development of startups and will aim to boost digital entrepreneurship at the grassroots.

 

What is a Startup?

Most countries would define a startup with parameters such as age, growth, revenue, profitability or even stability.The essence of startups is generally related to the concepts of technology, innovation, scalability, and entrepreneurship.

Many of the world’s largest technology companies, including Google and Facebook, still consider themselves to be startups in one sense or another. Indeed, they see being a startup as more of a state of mentality of innovation and problem solving for masses. Startups – a proposed legal definition. As the Government of India proposes to provide tax incentives and other benefits for Startups, it is imperative that a clear definition of Startups is provided in the proposed notification. A Startup status depends on its age, revenues, profits, employees, business and technology.

 Therefore, a draft legal definition that covers the following elements can be included in the proposed notification: –

A Startup is an incorporated legal entity of not more than 7-years, which uniquely uses technology to deliver products, services or solutions across India, and in any Financial-Year it has,

 

ü  Annual profits of less than Rs. 5 crores

ü  Annual revenues of less than Rs. 100/- crores; and less than 100 direct-employees on it’s rolls; and

ü  Also market capitalization of less than Rs. 100 crores.

This proposed definition of Startups has several advantages for Government of India. These advantages are:

A startup status can be given to any kind of entity- it can be a company:-

Ø  LLP Partnership

Ø  Section-8 not-for-profit

Ø  Society

Ø  Trust or even proprietorships.

 

The annual profits, revenues, employment, market capitalization, patent filings are all measurable and can be supported with paper-evidence and proof — Indian bureaucracy likes this.

This Startup definition will require startups to solve a problem that caters to India. Many startups may have market exclusively outside India (for example a call center), and such Startups cannot be eligible to seek Incentives from Government of India – funded by Indian tax payer’s money.

 

The Sops

A very supportive Government came out with number of sops for Indian startups.

Important sops includes:-

Ø  Tax exemptions for three years

Ø  Concessions on capital gains tax

Ø  Compliance simplification

Ø  Self-certification

Ø  No regulatory inspection for three years,

Ø  A Rs. 10,000 crore fund to back startups, 90 days to close down a startup, 80 % reduction in patent filing fee,

Ø  And also a mobile app to be launched on April 1 making it possible to register startups in one day.

The Honorable Prime Minister was quick to point out that the startup package is commitment of ‘Minimum Government with Maximum Governance’. It is not interested in licensing a startup, but providing support and funding, where ever necessary. A visibly excited startup industry has welcomed the announcements with a big applaud.Many entrepreneurs were excited by the announcements made by Prime Minister Narendra Modi as part of the Startup India Action Plan.

 

In addition, for a startup to be recognized as one,

 

Ø  It must be an entity registered/incorporated as a:

Ø  Private Limited Company under the Companies Act, 2013; or

Ø  b. Registered Partnership firm under the Indian Partnership Act, 1932; or

Ø  c. Limited Liability Partnership under the Limited Liability Partnership Act, 2008.

Ø  Five years must not have elapsed from the date of incorporation/registration.

Ø  Annual turnover (as defined in the Companies Act, 2013) in any preceding financial year must not exceed Rs. 25 crore.

Ø  Startup must be working towards innovation, development, deployment or commercialisation of new products, processes or services driven by technology or intellectual property.

 

    The Startup must aim to develop and commercialise:

  1. new product or service or process; or
  2. significantly improved existing product or service or process that will create or add value for customers or workflow.
  3. The Startup must not merely be engaged in:
  4. developing products or services or processes which do not have potential for commercialisation; or
  5. undifferentiated products or services or processes; or
  6. products or services or processes with no or limited incremental value for customers or workflow
  7. The Startup must not be formed by splitting up, or reconstruction, of a business already in existence.
  8. The Startup has obtained certification from the Inter-Ministerial Board, setup by DIPP to validate the innovative nature of the business, and

ü  be supported by a recommendation (with regard to innovative nature of business), in a format specified by DIPP, from an incubator established in a post-graduate college in India; or

 

ü  be supported by an incubator which is funded (in relation to the project) from GoI as part of any specified scheme to promote innovation; or

 

ü  be supported by a recommendation (with regard to innovative nature of business), in a format specified by DIPP, from an incubator recognized by GoI; or

 

ü  be funded by an Incubation Fund/Angel Fund/Private Equity Fund/Accelerator/Angel Network duly registered with SEBI* that endorses innovative nature of the business; or

 

ü  be funded by the Government of India as part of any specified scheme to promote innovation; or

 

ü  have a patent granted by the Indian Patent and Trademark Office in areas affiliated with the nature of business being promoted.

 

KHANNA & ASSOCIATES is a full service Law Firm handling all legal matters on Civil, Criminal, Business, Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts  as well  as Tribunals. An individualized service by members with decades of experience  to ensures  total satisfaction to the clients.

We Provide services are:

  • Accounting Services
  • Auditing & Assurance Services
  • Advisory Services
  • Business Services
  • Corporate Services
  • International Services
  • Financial & Corporate Services
  • Foriegn Exchange Services
  • STPI Services
  • Taxation Services
  • Trademark & Copyright Related Services
  • NRI Related Services
  • Corporate Governance Services
  • Service Tax

 

 

Contact Us:

IN-+91-946160007

US-+1-80151-20200

CA Firm jaipur , Chartered Accountant, cpa us, cpa india,ca injaipur,cafirm jaipur,cafirm in india,best cafirm in jaipur/rajasthan/india ,best chartered accountant, Income tax lawyer,Incometax advocate,tax advocate ,rectification under 154,intimation under section 143(1), Tax raid,External Commercial Borrowing,International Arbitration,Mystery Audit,Audit and Assurance ,44AD,Income tax return filing,Service tax return Filing ,VAT registration,Company registration,Partnership deed,Settlement Of accounts,Loan papers,Loan Facilitation ,Charitable Trust,Assessment procedure,TDS,Income from Other Sorces,Salary return,Investment ,Insurance,Foriegn Direct Investment,High Court Appeal Khanna & Associates LLP – Legal & Financial Consultants

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One person comapany formation in jaipur/india as per companies act 2013-Khanna & Associates


One person comapany formation in jaipur/india as per companies act 2013-Khanna & Associates

 All you Need to Know

KHANNA & ASSOCIATES is a 70 year old  taxation lawyer and chartered accountant firm .It includes Company Secretary , MBA s, Taxation Lawyers and Chartered Accountant. We are an international law firm . We provide various services legal to finance.

 we provide the formation, Promotion ,Incorporation ,management and post-incorporation compliance services for  LLP/Private/Public/Wos/Ngos/Non-profit  offshore and onshore companies.

INC-29 Company Registration Process in India:

Company registration is broadly a three-stage process with the new INC-29 form. If you follow the correct method and waste no time, you could have the incorporation certificate within 14 working days. But always be prepared for a longer wait, particularly if the Registrar of Companies (RoC) has a heavy workload at the time or your proposed company’s name is rejected on first attempt. A detailed explanation of the procedure now follows, along with expected timelines and charges involved. We’ve also answered FAQs and suggested best practices for your application; however, if you still have questions, do leave a comment and we’ll get back to you as soon as we can.

1. Obtaining Digital Signature Certificate (DSC)

Time to Complete: 2 to 4 days

Cost: Rs. 1500

As a company incorporation is now done online, one of your company’s directors’ signatures will be needed on all the electronic documents. To make this possible, he/she would need a Class-II Digital Signature Certificate (DSC). This is available from a vendor of any one of the six Certifying Authorities appointed by the Ministry Of Corporate Affairs , including Tata Consultancy Services, nCode and e-Mudhra. The rates of their vendors could differ vastly. Charges would include the cost of the physical USB token on which the certificate is stored.

What you need to submit:

  1. Hard copy of completed Class-II form
  2. Identity Proof: Copy of PAN card or, in case of foreign national, copy of Passport
  3. Address Proof: Copy of (any one) Passport/Election/Voter ID/Ration Card/Driver’s License/Utilities Bill/AADHAR Card. If the Utilities Bill (Gas/Telephone) is submitted, it should be in the name of the Applicant and no older than two months from the filing of the form (12 months, in case of foreign national)

Note: Do note that resident Indians should self-attest their documents. NRIs and foreign nationals would need to have their documents notarised if they live in a non-Commonwealth country or apostilled if they live in a Commonwealth country.

Common Reasons for Rejection of DSC

The following minor mistakes can cause a delay in your application:

Abbreviating names: Do not abbreviate directors’ names, regardless of what is mentioned in the ID/Address proof

Spelling mistakes: Errors in the name are completely unacceptable

Old bills: Always provide the latest utilities bill. Also, it needs to be in the applicant’s name

Prefixes: Do not prefix Mr./Mrs/Shri., etc

2. Search for Company Name Availability

Time to Complete: 1 to 2 days (simultaneous with DSC application)

You don’t need to wait for the DSC to begin this process. In fact, given how tricky it can be, it’s best that you start it as soon as you apply for DSC. The reasons are that the INC-29 only allows you to propose one company name and the MCA is very picky about the ones it approves. So the name you’ve hoped to get for your company. Here is where you can find out all the guideline for naming of company.

3. Drafting of MoA & AoA

Time to Complete: 2 days

Once the name is approved, the MCA requires further definition of the proposed company. These will be provided through the Memorandum of Association (MoA) and Articles of Association (AoA), which can be drafted by a CS or lawyer. Both need to be self-attested.

4. Getting Documents in Order

Time to Complete: 2 days

The INC-29 that we’ll talk about in the next step is an 8-page form. Along with it, you’ll need to submit several documents. As it can take up to 10 for approval and resubmission is allowed only once, it’s worth taking two days to get all the documents in order. Here are all the documents and information you need ready:

  1. DIN Application: Up to three directors may apply for the Director Information Number (DIN). To apply, you need a scanned copy of a Passport-sized photograph, the PAN card (Passport in case of foreign national), soft copy of Driver’s License/Voter ID/Latest Utilities Bill. Indian nationals would have to self-attest these documents. Foreign nationals residing in commonwealth countries would need them apostilled, while those in commonwealth nations can have them notarised. If your company has more than 3 directors without DINs, you would need to provide their details and apply for DINs separately (DSCs would also be required).
  2. Name Approval: You need to have settled on a name for your company and describe its significance and main objects in a single line.
  3. MoA & AoA: Memorandum and Articles of Association, which would also contain the main objects of your business. To the MoA, you would need to attach an affidavit from all subscribers in Form INC-9.
  4. Registered Office Verification: As part of the filing, you will need to provide details about the registered office address. For this, you would need to provide a copy of the latest utility bill for the office address, a copy of the Rental Agreement along with an NoC from the owner (if rented property) and sale deed (if property is owned). Go here for the full list of documents required for company registration.
  5. Appointment Letters and Declarations: Letters of appointment of directors, CEO, managers, declaration by first director in INC-9, and declararion by appointee director and managing director in Form DIR-2. All of these would need to be self-attested. A Company Secretary would also need to give a declaration toward the proposed company verifying the authenticity of the declarations.

5. Filing of INC-29

Time to Complete: 1 day

Cost: Rs. 2,000 + authorised capital fee + stamp duty

The form needs to be filed very carefully because you only get one opportunity to res umbit it. So let’s say your form is found to have five errors by the RoC, but you only correct three of them, the RoC will reject your form and you would have to pay the filing fees again and go through immense trouble to get a refund on the government fees and the stamp duty. This is why you have to ensure your documents are in order.

Once you file the form RoC fees and stamp duty will need to be paid electronically. RoC fees change according to authorised acapital and the stamp duty varies by location. In certain states, such as Punjab and Kerala, it is costlier than in others. You can calculate the fees to be paid on the MCA website .

6. Verification by RoC & Issue of Certificate of Incorporation

Time to Complete: 2 to 8 working days

Cost: n/a

The RoC will verify the documents. If any changes are needed, you will be notified of the required changes. If it’s all clear, you shall receive the certificate of incorporation within seven to eight working days. It will be e-mailed to the directors. The MCA now only issues digital certificates. You can print out the incorporation certificate if you wish.

7. Obtaining PAN and TAN

Time to Complete: 21 working days

The Income Tax Act, 1961, requires each company to quote a registered Permanent Account Number and Tax Account Number.

The procedure is as follows:

  1. Go to the NSDL website and fill in the application for PAN and TAN. 2. On payment, you will receive an acknowledgement letter for each.
  2. Make two copies of the Certificate of Incorporation.
  3. Put the company seal (rubber stamp) and the signature of the director who will be operating the bank account on each document.
  4. Courier the documents and acknowledgement slips for PAN and TAN separately.
  5. You should receive hard copies of both within 21 days at the registered office.

 Company services include:

  • Ø Advice, formation and management of companies
  • Ø Readymade companies
  • Ø Registered office provision
  • Ø Annual compliances
  • Ø Provision of directors and nominee shareholders where required
  • Ø Accountancy, tax compliance and bookkeeping
  • Ø Company secretary
  • Ø Provision of a registered office where required
  • Ø Bank account services
  • Ø Trade and treasury services
  • Ø Payroll and outsourcing services
  • Ø Virtual office packages

 

KHANNA & ASSOCIATES is a full service Law Firm handling all legal matters on Civil, Criminal, Business, Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts  as well  as Tribunals. An individualized service by members with decades of experience  ensures  total satisfaction to the clients.

Contact Us:

IN-+91-946160007

US-+1-80151-20200

  • info@khannaandassociates.com
  • cafirm.khannaandassociates@gmail.com

CA Firm jaipur , Chartered Accountant, cpa us, cpa india,ca injaipur,cafirm jaipur,cafirm in india,best cafirm in jaipur/rajasthan/india ,best chartered accountant, Income tax lawyer,Incometax advocate,tax advocate ,rectification under 154,intimation under section 143(1), Tax raid,External Commercial Borrowing,International Arbitration,Mystery Audit,Audit and Assurance ,44AD,Income tax return filing,Service tax return Filing ,VAT registration,Company registration,Partnership deed,Settlement Of accounts,Loan papers,Loan Facilitation ,Charitable Trust,Assessment procedure,TDS,Income from Other Sorces,Salary return,Investment ,Insurance,Foriegn Direct Investment,High Court Appeal Khanna & Associates LLP – Legal & Financial Consultants

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How to Formation/Incorporation Private/Public Limited Company in jaipur/india as per Companies act 2013-Khanna & Associates

KHANNA & ASSOCIATES is a 70 year old  taxation lawyer and chartered accountant firm .It includes Company Secretary , MBA s, Taxation Lawyers and Chartered Accountant. We are an international law firm . We provide various services legal to finance and Corporate .

KHANNA & ASSOCIATES is a full service Law/CA/CS Firm handling all legal and corporate matters on Civil,Criminal, Business,Promotion,Registration,Formation,Start up, Establishment Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts  as well  as Tribunals. An individualized service by members with decades of experience ensures total satisfaction to the clients.

 

New Simplified Process of Incorporation of Company

The first thing to take care of under the new Companies Act, 2013 is to follow a changed procedure for giving birth to a Company. Applicable Sections governing INC-29: 4, 7, 12, 152 and153 of the Companies Act, 2013 along with relevant rules .The Government of India has notified on1stMay 2015, a new system of incorporation of Private or Public limited company. It has introduced easy method of incorporating a company without waiting for making name application for reservation of name by the Registrar of Companies (RoC).

  Various methods of forming a Private Limited Company:

A: There are three methods Section 3(1) (a,b,c) in which a Private Limited Company could be formed

ü  A Company limited by shares; or

ü  A Company limited by guarantee; or

ü  An Unlimited company.

Step Wise Formalities for Formation of A New Company:

Persons desirous of forming a company must adhere to the step by step procedure as discussed below:—

  1. . Selection of type of the company.
  1. Selection of name for the proposed company.
  1. Apply for Directors Identification Number and Digital Signatures, if does not have
  1. Drafting of Memorandum and Articles of Association.
  1. Stamping, digitally signing and e-filing of various documents with the Registrar.
  1. Payment of Fees.
  1. Obtaining Certificate of Incorporation.
  1. Obtaining Certificate of Commencement of business (in case of public limited Companies).

PRE INCORPORATION:

ü  At Least 2 Promoters: Promoters who will promote/ incorporate the company. Promoters may be individual or body corporate.

ü  At Least 2 Directors: Directors should be individual only. No Body corporate/ HUF or Partnership Firm can be appointed as Directors.

ü  Generally, in most of the cases, Promoters and Directors are the same in Private Limited Companies.

ü  Directors must have DIN (Directors Identification Number)- Process Given Below:

ü  One of such two directors must have DIGITAL SIGNATURE who can apply with any of DSC Vender i.e. E Mudra/ Siffy/ TCS etc.

After this Process:Process for Name Approval

ü  The promoters should apply for the name of the company to be approved with the concerned ROC of the State where the company has to be formed in E Form- INC- 1 by payment of Rs. 1000 through Credit Card or Net Banking.

ü  One of the Promoters should fill up e-form INC-1, digitally sign by Promoter and Professional and then upload the e-Form on the MCA21 Portal. Before doing so, the following three points have to be complied with:

o    a. All the Promoters should have their DIN No.

o    b. Atleast one Promoter should have the DSC. (Class 2 Digital Signature)

o    c. The proposed names selected should fall in guidelines prescribed.

ü  Info. Require to give in form INC-1 (Describing the Capital of Company, Main Objects, State In Which The Company is to be Incorporated and to Affix the Digital of Applicant.

ü  The reservation by the Registrar of name applied for is valid for 60 days from the date of application. Hence if a company is proposed to be registered with the said name referred to above, the promoters shall produce the documents to the Registrar for registration with in a period of 60 days from the date of application for name. If Promoters fail to file all the relevant form for incorporation within 60 days, then name will not be Available for you, Promoter have to file form INC-1 again for approval of Name.

It is possible now by filing e-form INC-29 (single form) with the Registrar of Companies, within whose jurisdiction the registered office of the company is proposed to be situated. In this article, we would like to provide a  guide for the Key Points and the attachments to forms for this new system and  the complete procedure.

Key points of new form INC-29:

  1. No need to apply for DIN of 2’nd director
  2. Particulars of maximum three directors can be filed

III.        No  need to apply for name application (filing of INC-1) separately

  1. The promoter or applicant can propose only one name hence name search of proposed name shall be taken very carefully on MCA site and trade mark site, to avoid rejection or re-submission of e-form.
  2. Only one chance will be given for re- submission of form no.5.
  3. need to file forms 7 (incorporation), DIR-12 (appointment of first directors of proposed company) and INC-22 situation of registered office of company.

VII.        In case Directors/Shareholders have DIN, then no need to attach separate address proof/ID proof.

VIII.        Re-submission requires changes in affidavit or declaration including MoA/AoA, hence applicant or promoter should take utmost care.

  1. .The form shall be scrutinized by the Registrar of Companies and will not be approved through Straight Through Process (i.e. STP).
  2. The facility to file INC-29 is optional.One can follow the procedure of application for DIN, DSC, name application (INC-1) and INC-7,DIR-12 and INC-22.7.
  3. The Certificate of incorporation shallbe issued in INC-11.

XII.        Facility for using ‘integrated form’ isnot available for incorporating Section 8 companies.

Attachments to e-form INC-29:

  1. Memorandum of Association
  2. .Articles of Association

III.        .Affidavit and declaration by first subscriber(s) and director(s)

  1. Proof of office address1.Copies of utility bills that are not older than two months.
  2. Approval of the owner of the trademark or the applicant of such trademark for registration of Trademark (If the proposed name is based on a registered trademark or is subject matter of an application pending for registration under the Trade Marks Act)
  3. .Proof of relation ofthe relative with promoter (If the name of the proposed company includesthe name of relative(s) of the promoter)

VII.        NOC from the sole proprietor/ partners/other associates/ existing company (If the promoters are carrying on any Partnership firm, sole proprietary or unregistered entity in the name as applied for)

VIII.        NOC from any other person (In case the proposedname contains name of any person other than the promoter(s) or their close blood relative(s)

  1. Copy of certificate of incorporation ofthe foreign body corporate and resolution passed (If any subscriber to the proposed company is Foreign company and/or company incorporated outside India)
  2. Note: It is optionalto attach Copy of certificate of incorporation, in case the subscriber to the proposed company is a Body Corporate.1.Resolution passedby promoter of company if any subscriber to the proposed company is a Company itself.
  3. A certified true copy of No objection certificate by way of board resolution (In casethe name is similar to any existing company, then it is mandatory to attach)

XII.        Interest of first director(s) in entities (In case any of the director has any interest inthe proposed company)

In case of an OPC, itis mandatory to attach following:

ü  Consent of nominee

ü  Proof of identity and residential address of the nominee

ü  Proof of identity and residential address of the subscribers if any one of the subscriber does not have a DIN1

ü  Proof of identity and residential address of such director if any one of the director (including subscriber cum director) does not have DIN, then it is mandatory to attach proof of ID and address proof of such director constitute legal advice or legal opinions.

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What is Start up/Stand up India/Jaipur as per companies act 2013-Khanna & Associates


What is Start up/Stand up India/Jaipur as per companies act 2013-Khanna & Associates

 All you Need to Know

KHANNA & ASSOCIATES is a 70 year old  taxation lawyer and chartered accountant firm .It includes Company Secretary , MBA s, Taxation Lawyers and Chartered Accountant. We are an international law firm . We provide various services legal to finance.

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Prime Minister Narendra Modi has kicked off the ambitious Startup India Movement. The government programme aims to fill gaps in the economy for the growth and development of startups and will aim to boost digital entrepreneurship at the grassroots.

 

What is a Startup?

Most countries would define a startup with parameters such as age, growth, revenue, profitability or even stability.The essence of startups is generally related to the concepts of technology, innovation, scalability, and entrepreneurship.

Many of the world’s largest technology companies, including Google and Facebook, still consider themselves to be startups in one sense or another. Indeed, they see being a startup as more of a state of mentality of innovation and problem solving for masses. Startups – a proposed legal definition. As the Government of India proposes to provide tax incentives and other benefits for Startups, it is imperative that a clear definition of Startups is provided in the proposed notification. A Startup status depends on its age, revenues, profits, employees, business and technology.

 Therefore, a draft legal definition that covers the following elements can be included in the proposed notification: –

A Startup is an incorporated legal entity of not more than 7-years, which uniquely uses technology to deliver products, services or solutions across India, and in any Financial-Year it has,

 

ü  Annual profits of less than Rs. 5 crores

ü  Annual revenues of less than Rs. 100/- crores; and less than 100 direct-employees on it’s rolls; and

ü  Also market capitalization of less than Rs. 100 crores.

This proposed definition of Startups has several advantages for Government of India. These advantages are:

A startup status can be given to any kind of entity- it can be a company:-

Ø  LLP Partnership

Ø  Section-8 not-for-profit

Ø  Society

Ø  Trust or even proprietorships.

 

The annual profits, revenues, employment, market capitalization, patent filings are all measurable and can be supported with paper-evidence and proof — Indian bureaucracy likes this.

This Startup definition will require startups to solve a problem that caters to India. Many startups may have market exclusively outside India (for example a call center), and such Startups cannot be eligible to seek Incentives from Government of India – funded by Indian tax payer’s money.

 

The Sops

A very supportive Government came out with number of sops for Indian startups.

Important sops includes:-

Ø  Tax exemptions for three years

Ø  Concessions on capital gains tax

Ø  Compliance simplification

Ø  Self-certification

Ø  No regulatory inspection for three years,

Ø  A Rs. 10,000 crore fund to back startups, 90 days to close down a startup, 80 % reduction in patent filing fee,

Ø  And also a mobile app to be launched on April 1 making it possible to register startups in one day.

The Honorable Prime Minister was quick to point out that the startup package is commitment of ‘Minimum Government with Maximum Governance’. It is not interested in licensing a startup, but providing support and funding, where ever necessary. A visibly excited startup industry has welcomed the announcements with a big applaud.Many entrepreneurs were excited by the announcements made by Prime Minister Narendra Modi as part of the Startup India Action Plan.

 

In addition, for a startup to be recognized as one,

 

Ø  It must be an entity registered/incorporated as a:

Ø  Private Limited Company under the Companies Act, 2013; or

Ø  b. Registered Partnership firm under the Indian Partnership Act, 1932; or

Ø  c. Limited Liability Partnership under the Limited Liability Partnership Act, 2008.

Ø  Five years must not have elapsed from the date of incorporation/registration.

Ø  Annual turnover (as defined in the Companies Act, 2013) in any preceding financial year must not exceed Rs. 25 crore.

Ø  Startup must be working towards innovation, development, deployment or commercialisation of new products, processes or services driven by technology or intellectual property.

 

    The Startup must aim to develop and commercialise:

  1. new product or service or process; or
  2. significantly improved existing product or service or process that will create or add value for customers or workflow.
  3. The Startup must not merely be engaged in:
  4. developing products or services or processes which do not have potential for commercialisation; or
  5. undifferentiated products or services or processes; or
  6. products or services or processes with no or limited incremental value for customers or workflow
  7. The Startup must not be formed by splitting up, or reconstruction, of a business already in existence.
  8. The Startup has obtained certification from the Inter-Ministerial Board, setup by DIPP to validate the innovative nature of the business, and

ü  be supported by a recommendation (with regard to innovative nature of business), in a format specified by DIPP, from an incubator established in a post-graduate college in India; or

 

ü  be supported by an incubator which is funded (in relation to the project) from GoI as part of any specified scheme to promote innovation; or

 

ü  be supported by a recommendation (with regard to innovative nature of business), in a format specified by DIPP, from an incubator recognized by GoI; or

 

ü  be funded by an Incubation Fund/Angel Fund/Private Equity Fund/Accelerator/Angel Network duly registered with SEBI* that endorses innovative nature of the business; or

 

ü  be funded by the Government of India as part of any specified scheme to promote innovation; or

 

ü  have a patent granted by the Indian Patent and Trademark Office in areas affiliated with the nature of business being promoted.

 

KHANNA & ASSOCIATES is a full service Law Firm handling all legal matters on Civil, Criminal, Business, Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts  as well  as Tribunals. An individualized service by members with decades of experience  to ensures  total satisfaction to the clients.

We Provide services are:

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How to Formation/Incorporation Private/Public Limited Company in jaipur/india as per Companies act 2013-Khanna & Associates


 

How to Formation/Incorporation Private/Public Limited Company in jaipur/india as per Companies act 2013-Khanna & Associates

KHANNA & ASSOCIATES is a 70 year old  taxation lawyer and chartered accountant firm .It includes Company Secretary , MBA s, Taxation Lawyers and Chartered Accountant. We are an international law firm . We provide various services legal to finance and Corporate .

KHANNA & ASSOCIATES is a full service Law/CA/CS Firm handling all legal and corporate matters on Civil,Criminal, Business,Promotion,Registration,Formation,Start up, Establishment Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts  as well  as Tribunals. An individualized service by members with decades of experience ensures total satisfaction to the clients.

 

New Simplified Process of Incorporation of Company

The first thing to take care of under the new Companies Act, 2013 is to follow a changed procedure for giving birth to a Company. Applicable Sections governing INC-29: 4, 7, 12, 152 and153 of the Companies Act, 2013 along with relevant rules .The Government of India has notified on1stMay 2015, a new system of incorporation of Private or Public limited company. It has introduced easy method of incorporating a company without waiting for making name application for reservation of name by the Registrar of Companies (RoC).

  Various methods of forming a Private Limited Company:

A: There are three methods Section 3(1) (a,b,c) in which a Private Limited Company could be formed

ü  A Company limited by shares; or

ü  A Company limited by guarantee; or

ü  An Unlimited company.

Step Wise Formalities for Formation of A New Company:

Persons desirous of forming a company must adhere to the step by step procedure as discussed below:—

  1. . Selection of type of the company.
  1. Selection of name for the proposed company.
  1. Apply for Directors Identification Number and Digital Signatures, if does not have
  1. Drafting of Memorandum and Articles of Association.
  1. Stamping, digitally signing and e-filing of various documents with the Registrar.
  1. Payment of Fees.
  1. Obtaining Certificate of Incorporation.
  1. Obtaining Certificate of Commencement of business (in case of public limited Companies).

PRE INCORPORATION:

ü  At Least 2 Promoters: Promoters who will promote/ incorporate the company. Promoters may be individual or body corporate.

ü  At Least 2 Directors: Directors should be individual only. No Body corporate/ HUF or Partnership Firm can be appointed as Directors.

ü  Generally, in most of the cases, Promoters and Directors are the same in Private Limited Companies.

ü  Directors must have DIN (Directors Identification Number)- Process Given Below:

ü  One of such two directors must have DIGITAL SIGNATURE who can apply with any of DSC Vender i.e. E Mudra/ Siffy/ TCS etc.

After this Process:Process for Name Approval

ü  The promoters should apply for the name of the company to be approved with the concerned ROC of the State where the company has to be formed in E Form- INC- 1 by payment of Rs. 1000 through Credit Card or Net Banking.

ü  One of the Promoters should fill up e-form INC-1, digitally sign by Promoter and Professional and then upload the e-Form on the MCA21 Portal. Before doing so, the following three points have to be complied with:

o    a. All the Promoters should have their DIN No.

o    b. Atleast one Promoter should have the DSC. (Class 2 Digital Signature)

o    c. The proposed names selected should fall in guidelines prescribed.

ü  Info. Require to give in form INC-1 (Describing the Capital of Company, Main Objects, State In Which The Company is to be Incorporated and to Affix the Digital of Applicant.

ü  The reservation by the Registrar of name applied for is valid for 60 days from the date of application. Hence if a company is proposed to be registered with the said name referred to above, the promoters shall produce the documents to the Registrar for registration with in a period of 60 days from the date of application for name. If Promoters fail to file all the relevant form for incorporation within 60 days, then name will not be Available for you, Promoter have to file form INC-1 again for approval of Name.

It is possible now by filing e-form INC-29 (single form) with the Registrar of Companies, within whose jurisdiction the registered office of the company is proposed to be situated. In this article, we would like to provide a  guide for the Key Points and the attachments to forms for this new system and  the complete procedure.

Key points of new form INC-29:

  1. No need to apply for DIN of 2’nd director
  2. Particulars of maximum three directors can be filed

III.        No  need to apply for name application (filing of INC-1) separately

  1. The promoter or applicant can propose only one name hence name search of proposed name shall be taken very carefully on MCA site and trade mark site, to avoid rejection or re-submission of e-form.
  2. Only one chance will be given for re- submission of form no.5.
  3. need to file forms 7 (incorporation), DIR-12 (appointment of first directors of proposed company) and INC-22 situation of registered office of company.

VII.        In case Directors/Shareholders have DIN, then no need to attach separate address proof/ID proof.

VIII.        Re-submission requires changes in affidavit or declaration including MoA/AoA, hence applicant or promoter should take utmost care.

  1. .The form shall be scrutinized by the Registrar of Companies and will not be approved through Straight Through Process (i.e. STP).
  2. The facility to file INC-29 is optional.One can follow the procedure of application for DIN, DSC, name application (INC-1) and INC-7,DIR-12 and INC-22.7.
  3. The Certificate of incorporation shallbe issued in INC-11.

XII.        Facility for using ‘integrated form’ isnot available for incorporating Section 8 companies.

Attachments to e-form INC-29:

  1. Memorandum of Association
  2. .Articles of Association

III.        .Affidavit and declaration by first subscriber(s) and director(s)

  1. Proof of office address1.Copies of utility bills that are not older than two months.
  2. Approval of the owner of the trademark or the applicant of such trademark for registration of Trademark (If the proposed name is based on a registered trademark or is subject matter of an application pending for registration under the Trade Marks Act)
  3. .Proof of relation ofthe relative with promoter (If the name of the proposed company includesthe name of relative(s) of the promoter)

VII.        NOC from the sole proprietor/ partners/other associates/ existing company (If the promoters are carrying on any Partnership firm, sole proprietary or unregistered entity in the name as applied for)

VIII.        NOC from any other person (In case the proposedname contains name of any person other than the promoter(s) or their close blood relative(s)

  1. Copy of certificate of incorporation ofthe foreign body corporate and resolution passed (If any subscriber to the proposed company is Foreign company and/or company incorporated outside India)
  2. Note: It is optionalto attach Copy of certificate of incorporation, in case the subscriber to the proposed company is a Body Corporate.1.Resolution passedby promoter of company if any subscriber to the proposed company is a Company itself.
  3. A certified true copy of No objection certificate by way of board resolution (In casethe name is similar to any existing company, then it is mandatory to attach)

XII.        Interest of first director(s) in entities (In case any of the director has any interest inthe proposed company)

In case of an OPC, itis mandatory to attach following:

ü  Consent of nominee

ü  Proof of identity and residential address of the nominee

ü  Proof of identity and residential address of the subscribers if any one of the subscriber does not have a DIN1

ü  Proof of identity and residential address of such director if any one of the director (including subscriber cum director) does not have DIN, then it is mandatory to attach proof of ID and address proof of such director constitute legal advice or legal opinions.

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  • Service Tax

services for Proprietor/Enterprenuer :

  • Shop Act Registration
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An Action Plan for Start up/Stand up India/Jaipur as per companies act 2013-Khanna & Associates


An Action Plan for Start up/Stand up India/Jaipur as per companies act 2013-Khanna & Associates

 All you Need to Know

KHANNA & ASSOCIATES is a 70 year old  taxation lawyer and chartered accountant firm .It includes Company Secretary , MBA s, Taxation Lawyers and Chartered Accountant. We are an international law firm . We provide various services legal to finance.

 we provide the formation, Promotion ,Incorporation ,management and post-incorporation compliance services for  LLP/Private/Public/Wos/Ngos/Non-profit  offshore and onshore companies.

 

Prime Minister Narendra Modi has kicked off the ambitious Startup India Movement. The government programme aims to fill gaps in the economy for the growth and development of startups and will aim to boost digital entrepreneurship at the grassroots.

 

What is a Startup?

Most countries would define a startup with parameters such as age, growth, revenue, profitability or even stability.The essence of startups is generally related to the concepts of technology, innovation, scalability, and entrepreneurship.

Many of the world’s largest technology companies, including Google and Facebook, still consider themselves to be startups in one sense or another. Indeed, they see being a startup as more of a state of mentality of innovation and problem solving for masses. Startups – a proposed legal definition. As the Government of India proposes to provide tax incentives and other benefits for Startups, it is imperative that a clear definition of Startups is provided in the proposed notification. A Startup status depends on its age, revenues, profits, employees, business and technology.

 Therefore, a draft legal definition that covers the following elements can be included in the proposed notification: –

A Startup is an incorporated legal entity of not more than 7-years, which uniquely uses technology to deliver products, services or solutions across India, and in any Financial-Year it has,

 

ü  Annual profits of less than Rs. 5 crores

ü  Annual revenues of less than Rs. 100/- crores; and less than 100 direct-employees on it’s rolls; and

ü  Also market capitalization of less than Rs. 100 crores.

This proposed definition of Startups has several advantages for Government of India. These advantages are:

A startup status can be given to any kind of entity- it can be a company:-

Ø  LLP Partnership

Ø  Section-8 not-for-profit

Ø  Society

Ø  Trust or even proprietorships.

 

The annual profits, revenues, employment, market capitalization, patent filings are all measurable and can be supported with paper-evidence and proof — Indian bureaucracy likes this.

This Startup definition will require startups to solve a problem that caters to India. Many startups may have market exclusively outside India (for example a call center), and such Startups cannot be eligible to seek Incentives from Government of India – funded by Indian tax payer’s money.

 

The Sops

A very supportive Government came out with number of sops for Indian startups.

Important sops includes:-

Ø  Tax exemptions for three years

Ø  Concessions on capital gains tax

Ø  Compliance simplification

Ø  Self-certification

Ø  No regulatory inspection for three years,

Ø  A Rs. 10,000 crore fund to back startups, 90 days to close down a startup, 80 % reduction in patent filing fee,

Ø  And also a mobile app to be launched on April 1 making it possible to register startups in one day.

The Honorable Prime Minister was quick to point out that the startup package is commitment of ‘Minimum Government with Maximum Governance’. It is not interested in licensing a startup, but providing support and funding, where ever necessary. A visibly excited startup industry has welcomed the announcements with a big applaud.Many entrepreneurs were excited by the announcements made by Prime Minister Narendra Modi as part of the Startup India Action Plan.

 

In addition, for a startup to be recognized as one,

 

Ø  It must be an entity registered/incorporated as a:

Ø  Private Limited Company under the Companies Act, 2013; or

Ø  b. Registered Partnership firm under the Indian Partnership Act, 1932; or

Ø  c. Limited Liability Partnership under the Limited Liability Partnership Act, 2008.

Ø  Five years must not have elapsed from the date of incorporation/registration.

Ø  Annual turnover (as defined in the Companies Act, 2013) in any preceding financial year must not exceed Rs. 25 crore.

Ø  Startup must be working towards innovation, development, deployment or commercialisation of new products, processes or services driven by technology or intellectual property.

 

    The Startup must aim to develop and commercialise:

  1. new product or service or process; or
  2. significantly improved existing product or service or process that will create or add value for customers or workflow.
  3. The Startup must not merely be engaged in:
  4. developing products or services or processes which do not have potential for commercialisation; or
  5. undifferentiated products or services or processes; or
  6. products or services or processes with no or limited incremental value for customers or workflow
  7. The Startup must not be formed by splitting up, or reconstruction, of a business already in existence.
  8. The Startup has obtained certification from the Inter-Ministerial Board, setup by DIPP to validate the innovative nature of the business, and

ü  be supported by a recommendation (with regard to innovative nature of business), in a format specified by DIPP, from an incubator established in a post-graduate college in India; or

 

ü  be supported by an incubator which is funded (in relation to the project) from GoI as part of any specified scheme to promote innovation; or

 

ü  be supported by a recommendation (with regard to innovative nature of business), in a format specified by DIPP, from an incubator recognized by GoI; or

 

ü  be funded by an Incubation Fund/Angel Fund/Private Equity Fund/Accelerator/Angel Network duly registered with SEBI* that endorses innovative nature of the business; or

 

ü  be funded by the Government of India as part of any specified scheme to promote innovation; or

 

ü  have a patent granted by the Indian Patent and Trademark Office in areas affiliated with the nature of business being promoted.

 

KHANNA & ASSOCIATES is a full service Law Firm handling all legal matters on Civil, Criminal, Business, Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts  as well  as Tribunals. An individualized service by members with decades of experience  to ensures  total satisfaction to the clients.

We Provide services are:

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Thinking For Start up A Bunisess in India/Jaipur-Khanna & Associates


Thinking For Start up A Bunisess in India

Khanna & Associates LLP founded in 1948 by Late Amarnath Singh Khanna is a giant of its kind.It is a conglomerate of Diversified Acumen with its verticals ranging from Legal to Finance .Khanna & Associates have associates accross the globe and human resource which are one of its kind .

Setting up your business can be an exciting time. However, its important you’re aware of what’s involved before you start, to save you time and money. Registering your business can be done from the comfort of your own home or office.

The steps involved in registering your business are:

  • Deciding on yourBusiness Structure.
  • Applying for your Business Number
  • Checking your chosen business name is available.
  • Registering your business Name.
  • Registering Your Website Domain name.

When starting a business, it’s important to choose the business structure that best suits your needs.

Types of business structures include:

Ø  Sole Proprietorship: an individual trading on their own

Ø  Partnership (LLP): an association of people or entities running a business together, but not as a company

Ø  Trust (Section-8/NGOs) : an entity that holds property or income for the benefit of others

Ø  Company (Public/Private/OPC): a legal entity separate from its shareholders.

Ø  It’s important to remember that you can change your business as your business grows.

You will need to provide:

  • your personal details
  • your business information
  • your associate details
  • reasons for your application
  • your business activity details and
  • A declaration that the information you have provided throughout the application is true.

KHANNA & ASSOCIATES is a 70 year old  taxation lawyer and chartered accountant firm .It includes Company Secretary , MBA s, Taxation Lawyers and Chartered Accountant. We are an international law firm . We provide various services legal to finance and Corporate .

KHANNA & ASSOCIATES is a full service Law/CA/CS Firm handling all legal and corporate matters on Civil,Criminal, business,Promotion,Registration,Formation,Start up, Estalishment Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts  as well

as Tribunals. An individualized service by members with decades of experience ensures total satisfaction to the clients.

Khanna & Associates believes in building long term relationships with clients which are based on mutual trust and dedication, a promise to provide our clients with the highest levels of service. We firmly believe that it is these relationships that are our real strength. These relationships are what that makes us unlike most other law firms and set us apart. Img Whether your legal needs are local, national or international, we invite you to discover the advantages of working with Khanna & Associates.

We Provide Following Services :

  • Accounting Services
  • Auditing & Assurance Services
  • Advisory Services
  • Business Services
  • Corporate Services
  • International Services
  • Financial & Corporate Services
  • Foriegn Exchange Services
  • STPI Services
  • Taxation Services
  • Trademark & Copyright Related Services
  • NRI Related Services
  • Corporate Governance Services
  • Service Tax

services for Proprietor/Enterprenuer :

  • Shop Act Registration
  • Partnership Firm Registration
  • Trademark Registration
  • Company Registration (Private/LLP/Public/Section-8 i.e Non Profit/NGOs)
  • TAN/PAN/TIN Registration
  • DSC Registration
  • Import Export Code (IEC) Registration

Contact Us:

http://www.khannaandassociates.com

http://www.cafirm.khannaandassociates.com

http://www.bestdivorcelawyer.in

http://www.domesticviolence.co.in

IN-+91-946160007

US-+1-80151-20200

CA Firm jaipur , Chartered Accountant, cpa us, cpa india,ca injaipur,cafirm jaipur,cafirm in india,best cafirm in jaipur/rajasthan/india ,best chartered accountant, Income tax lawyer,Incometax advocate,tax advocate ,rectification under 154,intimation under section 143(1), Tax raid,External Commercial Borrowing,International Arbitration,Mystery Audit,Audit and Assurance ,44AD,Income tax return filing,Service tax return Filing ,VAT registration,Company registration,Partnership deed,Settlement Of accounts,Loan papers,Loan Facilitation ,Charitable Trust,Assessment procedure,TDS,Income from Other Sorces,Salary return,Investment ,Insurance,Foriegn Direct Investment,High Court Appeal Khanna & Associates LLP – Legal & Financial Consultants

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How to Start A small Business in Jaipur as Companies Act2013 -Khanna & Associates LLP


How to Start A small Business in Jaipur as Companies Act2013 -Khanna & Associates LLP

 All you Need to Know

KHANNA & ASSOCIATES is a 70 year old  taxation lawyer and chartered accountant firm .It includes Company Secretary , MBA s, Taxation Lawyers and Chartered Accountant. We are an international law firm . We provide various services legal to finance.

 we provide the formation, Promotion ,Incorporation ,management and post-incorporation compliance services for  LLP/Private/Public/Wos/Ngos/Non-profit  offshore and onshore companies.

INC-29 Company Registration Process in India:

Company registration is broadly a three-stage process with the new INC-29 form. If you follow the correct method and waste no time, you could have the incorporation certificate within 14 working days. But always be prepared for a longer wait, particularly if the Registrar of Companies (RoC) has a heavy workload at the time or your proposed company’s name is rejected on first attempt. A detailed explanation of the procedure now follows, along with expected timelines and charges involved. We’ve also answered FAQs and suggested best practices for your application; however, if you still have questions, do leave a comment and we’ll get back to you as soon as we can.

1. Obtaining Digital Signature Certificate (DSC)

Time to Complete: 2 to 4 days

Cost: Rs. 1500

As a company incorporation is now done online, one of your company’s directors’ signatures will be needed on all the electronic documents. To make this possible, he/she would need a Class-II Digital Signature Certificate (DSC). This is available from a vendor of any one of the six Certifying Authorities appointed by the Ministry Of Corporate Affairs , including Tata Consultancy Services, nCode and e-Mudhra. The rates of their vendors could differ vastly. Charges would include the cost of the physical USB token on which the certificate is stored.

What you need to submit:

  1. Hard copy of completed Class-II form
  2. Identity Proof: Copy of PAN card or, in case of foreign national, copy of Passport
  3. Address Proof: Copy of (any one) Passport/Election/Voter ID/Ration Card/Driver’s License/Utilities Bill/AADHAR Card. If the Utilities Bill (Gas/Telephone) is submitted, it should be in the name of the Applicant and no older than two months from the filing of the form (12 months, in case of foreign national)

Note: Do note that resident Indians should self-attest their documents. NRIs and foreign nationals would need to have their documents notarised if they live in a non-Commonwealth country or apostilled if they live in a Commonwealth country.

Common Reasons for Rejection of DSC

The following minor mistakes can cause a delay in your application:

Abbreviating names: Do not abbreviate directors’ names, regardless of what is mentioned in the ID/Address proof

Spelling mistakes: Errors in the name are completely unacceptable

Old bills: Always provide the latest utilities bill. Also, it needs to be in the applicant’s name

Prefixes: Do not prefix Mr./Mrs/Shri., etc

2. Search for Company Name Availability

Time to Complete: 1 to 2 days (simultaneous with DSC application)

You don’t need to wait for the DSC to begin this process. In fact, given how tricky it can be, it’s best that you start it as soon as you apply for DSC. The reasons are that the INC-29 only allows you to propose one company name and the MCA is very picky about the ones it approves. So the name you’ve hoped to get for your company. Here is where you can find out all the guideline for naming of company.

3. Drafting of MoA & AoA

Time to Complete: 2 days

Once the name is approved, the MCA requires further definition of the proposed company. These will be provided through the Memorandum of Association (MoA) and Articles of Association (AoA), which can be drafted by a CS or lawyer. Both need to be self-attested.

4. Getting Documents in Order

Time to Complete: 2 days

The INC-29 that we’ll talk about in the next step is an 8-page form. Along with it, you’ll need to submit several documents. As it can take up to 10 for approval and resubmission is allowed only once, it’s worth taking two days to get all the documents in order. Here are all the documents and information you need ready:

  1. DIN Application: Up to three directors may apply for the Director Information Number (DIN). To apply, you need a scanned copy of a Passport-sized photograph, the PAN card (Passport in case of foreign national), soft copy of Driver’s License/Voter ID/Latest Utilities Bill. Indian nationals would have to self-attest these documents. Foreign nationals residing in commonwealth countries would need them apostilled, while those in commonwealth nations can have them notarised. If your company has more than 3 directors without DINs, you would need to provide their details and apply for DINs separately (DSCs would also be required).
  2. Name Approval: You need to have settled on a name for your company and describe its significance and main objects in a single line.
  3. MoA & AoA: Memorandum and Articles of Association, which would also contain the main objects of your business. To the MoA, you would need to attach an affidavit from all subscribers in Form INC-9.
  4. Registered Office Verification: As part of the filing, you will need to provide details about the registered office address. For this, you would need to provide a copy of the latest utility bill for the office address, a copy of the Rental Agreement along with an NoC from the owner (if rented property) and sale deed (if property is owned). Go here for the full list of documents required for company registration.
  5. Appointment Letters and Declarations: Letters of appointment of directors, CEO, managers, declaration by first director in INC-9, and declararion by appointee director and managing director in Form DIR-2. All of these would need to be self-attested. A Company Secretary would also need to give a declaration toward the proposed company verifying the authenticity of the declarations.

5. Filing of INC-29

Time to Complete: 1 day

Cost: Rs. 2,000 + authorised capital fee + stamp duty

The form needs to be filed very carefully because you only get one opportunity to res umbit it. So let’s say your form is found to have five errors by the RoC, but you only correct three of them, the RoC will reject your form and you would have to pay the filing fees again and go through immense trouble to get a refund on the government fees and the stamp duty. This is why you have to ensure your documents are in order.

Once you file the form RoC fees and stamp duty will need to be paid electronically. RoC fees change according to authorised capital and the stamp duty varies by location. In certain states, such as Punjab and Kerala, it is costlier than in others. You can calculate the fees to be paid on the MCA website .

6. Verification by RoC & Issue of Certificate of Incorporation

Time to Complete: 2 to 8 working days

Cost: n/a

The RoC will verify the documents. If any changes are needed, you will be notified of the required changes. If it’s all clear, you shall receive the certificate of incorporation within seven to eight working days. It will be e-mailed to the directors. The MCA now only issues digital certificates. You can print out the incorporation certificate if you wish.

7. Obtaining PAN and TAN

Time to Complete: 21 working days

The Income Tax Act, 1961, requires each company to quote a registered Permanent Account Number and Tax Account Number.

The procedure is as follows:

  1. Go to the NSDL website and fill in the application for PAN and TAN. 2. On payment, you will receive an acknowledgement letter for each.
  2. Make two copies of the Certificate of Incorporation.
  3. Put the company seal (rubber stamp) and the signature of the director who will be operating the bank account on each document.
  4. Courier the documents and acknowledgement slips for PAN and TAN separately.
  5. You should receive hard copies of both within 21 days at the registered office.

 Company services include:

  • Ø Advice, formation and management of companies
  • Ø Readymade companies
  • Ø Registered office provision
  • Ø Annual compliances
  • Ø Provision of directors and nominee shareholders where required
  • Ø Accountancy, tax compliance and bookkeeping
  • Ø Company secretary
  • Ø Provision of a registered office where required
  • Ø Bank account services
  • Ø Trade and treasury services
  • Ø Payroll and outsourcing services
  • Ø Virtual office packages

 

KHANNA & ASSOCIATES is a full service Law Firm handling all legal matters on Civil, Criminal, Business, Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts  as well  as Tribunals. An individualized service by members with decades of experience  ensures  total satisfaction to the clients.

Contact Us:

IN-+91-946160007

US-+1-80151-20200

  • info@khannaandassociates.com
  • cafirm.khannaandassociates@gmail.com

CA Firm jaipur , Chartered Accountant, cpa us, cpa india,ca injaipur,cafirm jaipur,cafirm in india,best cafirm in jaipur/rajasthan/india ,best chartered accountant, Income tax lawyer,Incometax advocate,tax advocate ,rectification under 154,intimation under section 143(1), Tax raid,External Commercial Borrowing,International Arbitration,Mystery Audit,Audit and Assurance ,44AD,Income tax return filing,Service tax return Filing ,VAT registration,Company registration,Partnership deed,Settlement Of accounts,Loan papers,Loan Facilitation ,Charitable Trust,Assessment procedure,TDS,Income from Other Sorces,Salary return,Investment ,Insurance,Foriegn Direct Investment,High Court Appeal Khanna & Associates LLP – Legal & Financial Consultants

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Complete Process for a Company Registration as per companies Act 2013-Khanna & Associates LLP


Complete Process for a Company Registration as per companies Act 2013-Khanna & Associates LLP

 All you Need to Know

KHANNA & ASSOCIATES is a 70 year old  taxation lawyer and chartered accountant firm .It includes Company Secretary , MBA s, Taxation Lawyers and Chartered Accountant. We are an international law firm . We provide various services legal to finance.

 we provide the formation, Promotion ,Incorporation ,management and post-incorporation compliance services for  LLP/Private/Public/Wos/Ngos/Non-profit  offshore and onshore companies.

INC-29 Company Registration Process in India:

Company registration is broadly a three-stage process with the new INC-29 form. If you follow the correct method and waste no time, you could have the incorporation certificate within 14 working days. But always be prepared for a longer wait, particularly if the Registrar of Companies (RoC) has a heavy workload at the time or your proposed company’s name is rejected on first attempt. A detailed explanation of the procedure now follows, along with expected timelines and charges involved. We’ve also answered FAQs and suggested best practices for your application; however, if you still have questions, do leave a comment and we’ll get back to you as soon as we can.

1. Obtaining Digital Signature Certificate (DSC)

Time to Complete: 2 to 4 days

Cost: Rs. 1500

As a company incorporation is now done online, one of your company’s directors’ signatures will be needed on all the electronic documents. To make this possible, he/she would need a Class-II Digital Signature Certificate (DSC). This is available from a vendor of any one of the six Certifying Authorities appointed by the Ministry Of Corporate Affairs , including Tata Consultancy Services, nCode and e-Mudhra. The rates of their vendors could differ vastly. Charges would include the cost of the physical USB token on which the certificate is stored.

What you need to submit:

  1. Hard copy of completed Class-II form
  2. Identity Proof: Copy of PAN card or, in case of foreign national, copy of Passport
  3. Address Proof: Copy of (any one) Passport/Election/Voter ID/Ration Card/Driver’s License/Utilities Bill/AADHAR Card. If the Utilities Bill (Gas/Telephone) is submitted, it should be in the name of the Applicant and no older than two months from the filing of the form (12 months, in case of foreign national)

Note: Do note that resident Indians should self-attest their documents. NRIs and foreign nationals would need to have their documents notarised if they live in a non-Commonwealth country or apostilled if they live in a Commonwealth country.

Common Reasons for Rejection of DSC

The following minor mistakes can cause a delay in your application:

Abbreviating names: Do not abbreviate directors’ names, regardless of what is mentioned in the ID/Address proof

Spelling mistakes: Errors in the name are completely unacceptable

Old bills: Always provide the latest utilities bill. Also, it needs to be in the applicant’s name

Prefixes: Do not prefix Mr./Mrs/Shri., etc

2. Search for Company Name Availability

Time to Complete: 1 to 2 days (simultaneous with DSC application)

You don’t need to wait for the DSC to begin this process. In fact, given how tricky it can be, it’s best that you start it as soon as you apply for DSC. The reasons are that the INC-29 only allows you to propose one company name and the MCA is very picky about the ones it approves. So the name you’ve hoped to get for your company. Here is where you can find out all the guideline for naming of company.

3. Drafting of MoA & AoA

Time to Complete: 2 days

Once the name is approved, the MCA requires further definition of the proposed company. These will be provided through the Memorandum of Association (MoA) and Articles of Association (AoA), which can be drafted by a CS or lawyer. Both need to be self-attested.

4. Getting Documents in Order

Time to Complete: 2 days

The INC-29 that we’ll talk about in the next step is an 8-page form. Along with it, you’ll need to submit several documents. As it can take up to 10 for approval and resubmission is allowed only once, it’s worth taking two days to get all the documents in order. Here are all the documents and information you need ready:

  1. DIN Application: Up to three directors may apply for the Director Information Number (DIN). To apply, you need a scanned copy of a Passport-sized photograph, the PAN card (Passport in case of foreign national), soft copy of Driver’s License/Voter ID/Latest Utilities Bill. Indian nationals would have to self-attest these documents. Foreign nationals residing in commonwealth countries would need them apostilled, while those in commonwealth nations can have them notarised. If your company has more than 3 directors without DINs, you would need to provide their details and apply for DINs separately (DSCs would also be required).
  2. Name Approval: You need to have settled on a name for your company and describe its significance and main objects in a single line.
  3. MoA & AoA: Memorandum and Articles of Association, which would also contain the main objects of your business. To the MoA, you would need to attach an affidavit from all subscribers in Form INC-9.
  4. Registered Office Verification: As part of the filing, you will need to provide details about the registered office address. For this, you would need to provide a copy of the latest utility bill for the office address, a copy of the Rental Agreement along with an NoC from the owner (if rented property) and sale deed (if property is owned). Go here for the full list of documents required for company registration.
  5. Appointment Letters and Declarations: Letters of appointment of directors, CEO, managers, declaration by first director in INC-9, and declararion by appointee director and managing director in Form DIR-2. All of these would need to be self-attested. A Company Secretary would also need to give a declaration toward the proposed company verifying the authenticity of the declarations.

5. Filing of INC-29

Time to Complete: 1 day

Cost: Rs. 2,000 + authorised capital fee + stamp duty

The form needs to be filed very carefully because you only get one opportunity to resumbit it. So let’s say your form is found to have five errors by the RoC, but you only correct three of them, the RoC will reject your form and you would have to pay the filing fees again and go through immense trouble to get a refund on the government fees and the stamp duty. This is why you have to ensure your documents are in order.

Once you file the form RoC fees and stamp duty will need to be paid electronically. RoC fees change according to authorised capital and the stamp duty varies by location. In certain states, such as Punjab and Kerala, it is costlier than in others. You can calculate the fees to be paid on the MCA website .

6. Verification by RoC & Issue of Certificate of Incorporation

Time to Complete: 2 to 8 working days

Cost: n/a

The RoC will verify the documents. If any changes are needed, you will be notified of the required changes. If it’s all clear, you shall receive the certificate of incorporation within seven to eight working days. It will be e-mailed to the directors. The MCA now only issues digital certificates. You can print out the incorporation certificate if you wish.

7. Obtaining PAN and TAN

Time to Complete: 21 working days

The Income Tax Act, 1961, requires each company to quote a registered Permanent Account Number and Tax Account Number.

The procedure is as follows:

  1. Go to the NSDL website and fill in the application for PAN and TAN. 2. On payment, you will receive an acknowledgement letter for each.
  2. Make two copies of the Certificate of Incorporation.
  3. Put the company seal (rubber stamp) and the signature of the director who will be operating the bank account on each document.
  4. Courier the documents and acknowledgement slips for PAN and TAN separately.
  5. You should receive hard copies of both within 21 days at the registered office.

 Company services include:

  • Ø Advice, formation and management of companies
  • Ø Readymade companies
  • Ø Registered office provision
  • Ø Annual compliances
  • Ø Provision of directors and nominee shareholders where required
  • Ø Accountancy, tax compliance and bookkeeping
  • Ø Company secretary
  • Ø Provision of a registered office where required
  • Ø Bank account services
  • Ø Trade and treasury services
  • Ø Payroll and outsourcing services
  • Ø Virtual office packages

 

KHANNA & ASSOCIATES is a full service Law Firm handling all legal matters on Civil, Criminal, Business, Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts  as well  as Tribunals. An individualized service by members with decades of experience  ensures  total satisfaction to the clients.

Contact Us:

IN-+91-946160007

US-+1-80151-20200

  • info@khannaandassociates.com
  • cafirm.khannaandassociates@gmail.com

CA Firm jaipur , Chartered Accountant, cpa us, cpa india,ca injaipur,cafirm jaipur,cafirm in india,best cafirm in jaipur/rajasthan/india ,best chartered accountant, Income tax lawyer,Incometax advocate,tax advocate ,rectification under 154,intimation under section 143(1), Tax raid,External Commercial Borrowing,International Arbitration,Mystery Audit,Audit and Assurance ,44AD,Income tax return filing,Service tax return Filing ,VAT registration,Company registration,Partnership deed,Settlement Of accounts,Loan papers,Loan Facilitation ,Charitable Trust,Assessment procedure,TDS,Income from Other Sorces,Salary return,Investment ,Insurance,Foriegn Direct Investment,High Court Appeal Khanna & Associates LLP – Legal & Financial Consultants

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A Simple 7-Step Process to Incorporate a Company as per companies Act 2013-Khanna & Associates LLP


A Simple 7-Step Process to Incorporate a Company as per companies Act 2013-Khanna & Associates LLP

 All you Need to Know

KHANNA & ASSOCIATES is a 70 year old  taxation lawyer and chartered accountant firm .It includes Company Secretary , MBA s, Taxation Lawyers and Chartered Accountant. We are an international law firm . We provide various services legal to finance.

 we provide the formation, Promotion ,Incorporation ,management and post-incorporation compliance services for  LLP/Private/Public/Wos/Ngos/Non-profit  offshore and onshore companies.

INC-29 Company Registration Process in India:

Company registration is broadly a three-stage process with the new INC-29 form. If you follow the correct method and waste no time, you could have the incorporation certificate within 14 working days. But always be prepared for a longer wait, particularly if the Registrar of Companies (RoC) has a heavy workload at the time or your proposed company’s name is rejected on first attempt. A detailed explanation of the procedure now follows, along with expected timelines and charges involved. We’ve also answered FAQs and suggested best practices for your application; however, if you still have questions, do leave a comment and we’ll get back to you as soon as we can.

1. Obtaining Digital Signature Certificate (DSC)

Time to Complete: 2 to 4 days

Cost: Rs. 1500

As a company incorporation is now done online, one of your company’s directors’ signatures will be needed on all the electronic documents. To make this possible, he/she would need a Class-II Digital Signature Certificate (DSC). This is available from a vendor of any one of the six Certifying Authorities appointed by the MCA including Tata Consultancy Services, nCode and e-Mudhra. The rates of their vendors could differ vastly. Charges would include the cost of the physical USB token on which the certificate is stored.

What you need to submit:

  1. Hard copy of completed Class-II form
  2. Identity Proof: Copy of PAN card or, in case of foreign national, copy of Passport
  3. Address Proof: Copy of (any one) Passport/Election/Voter ID/Ration Card/Driver’s License/Utilities Bill/AADHAR Card. If the Utilities Bill (Gas/Telephone) is submitted, it should be in the name of the Applicant and no older than two months from the filing of the form (12 months, in case of foreign national)

Note: Do note that resident Indians should self-attest their documents. NRIs and foreign nationals would need to have their documents notarised if they live in a non-Commonwealth country or apostilled if they live in a Commonwealth country.

Common Reasons for Rejection of DSC

The following minor mistakes can cause a delay in your application:

Abbreviating names: Do not abbreviate directors’ names, regardless of what is mentioned in the ID/Address proof

Spelling mistakes: Errors in the name are completely unacceptable

Old bills: Always provide the latest utilities bill. Also, it needs to be in the applicant’s name

Prefixes: Do not prefix Mr./Mrs/Shri., etc

2. Search for Company Name Availability

Time to Complete: 1 to 2 days (simultaneous with DSC application)

You don’t need to wait for the DSC to begin this process. In fact, given how tricky it can be, it’s best that you start it as soon as you apply for DSC. The reasons are that the INC-29 only allows you to propose one company name and the MCA is very picky about the ones it approves. So the name you’ve hoped to get for your company. Here is where you can find out all the guideline for naming of company.

3. Drafting of MoA & AoA

Time to Complete: 2 days

Once the name is approved, the MCA requires further definition of the proposed company. These will be provided through the Memorandum of Association (MoA) and Articles of Association (AoA), which can be drafted by a CS or lawyer. Both need to be self-attested.

4. Getting Documents in Order

Time to Complete: 2 days

The INC-29 that we’ll talk about in the next step is an 8-page form. Along with it, you’ll need to submit several documents. As it can take up to 10 for approval and resubmission is allowed only once, it’s worth taking two days to get all the documents in order. Here are all the documents and information you need ready:

  1. DIN Application: Up to three directors may apply for the Director Information Number (DIN). To apply, you need a scanned copy of a Passport-sized photograph, the PAN card (Passport in case of foreign national), soft copy of Driver’s License/Voter ID/Latest Utilities Bill. Indian nationals would have to self-attest these documents. Foreign nationals residing in commonwealth countries would need them apostilled, while those in commonwealth nations can have them notarised. If your company has more than 3 directors without DINs, you would need to provide their details and apply for DINs separately (DSCs would also be required).
  2. Name Approval: You need to have settled on a name for your company and describe its significance and main objects in a single line.
  3. MoA & AoA: Memorandum and Articles of Association, which would also contain the main objects of your business. To the MoA, you would need to attach an affidavit from all subscribers in Form INC-9.
  4. Registered Office Verification: As part of the filing, you will need to provide details about the registered office address. For this, you would need to provide a copy of the latest utility bill for the office address, a copy of the Rental Agreement along with an NoC from the owner (if rented property) and sale deed (if property is owned). Go here for the full list of documents required for company registration.
  5. Appointment Letters and Declarations: Letters of appointment of directors, CEO, managers, declaration by first director in INC-9, and declararion by appointee director and managing director in Form DIR-2. All of these would need to be self-attested. A Company Secretary would also need to give a declaration toward the proposed company verifying the authenticity of the declarations.

5. Filing of INC-29

Time to Complete: 1 day

Cost: Rs. 2,000 + authorised capital fee + stamp duty

The form needs to be filed very carefully because you only get one opportunity to resumbit it. So let’s say your form is found to have five errors by the RoC, but you only correct three of them, the RoC will reject your form and you would have to pay the filing fees again and go through immense trouble to get a refund on the government fees and the stamp duty. This is why you have to ensure your documents are in order.

Once you file the form RoC fees and stamp duty will need to be paid electronically. RoC fees change according to authorised and the stamp duty varies by location. In certain states, such as Punjab and Kerala, it is costlier than in others. You can calculate the fees to be paid on the MCA website .

6. Verification by RoC & Issue of Certificate of Incorporation

Time to Complete: 2 to 8 working days

Cost: n/a

The RoC will verify the documents. If any changes are needed, you will be notified of the required changes. If it’s all clear, you shall receive the certificate of incorporation within seven to eight working days. It will be e-mailed to the directors. The MCA now only issues digital certificates. You can print out the incorporation certificate if you wish.

7. Obtaining PAN and TAN

Time to Complete: 21 working days

The Income Tax Act, 1961, requires each company to quote a registered Permanent Account Number and Tax Account Number.

The procedure is as follows:

  1. Go to the NSDL SITE and fill in the application for PAN and TAN. 2. On payment, you will receive an acknowledgement letter for each.
  2. Make two copies of the Certificate of Incorporation.
  3. Put the company seal (rubber stamp) and the signature of the director who will be operating the bank account on each document.
  4. Courier the documents and acknowledgement slips for PAN and TAN separately.
  5. You should receive hard copies of both within 21 days at the registered office.

 Company services include:

  • Ø Advice, formation and management of companies
  • Ø Readymade companies
  • Ø Registered office provision
  • Ø Annual compliances
  • Ø Provision of directors and nominee shareholders where required
  • Ø Accountancy, tax compliance and bookkeeping
  • Ø Company secretary
  • Ø Provision of a registered office where required
  • Ø Bank account services
  • Ø Trade and treasury services
  • Ø Payroll and outsourcing services
  • Ø Virtual office packages

 

KHANNA & ASSOCIATES is a full service Law Firm handling all legal matters on Civil, Criminal, Business, Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts  as well  as Tribunals. An individualized service by members with decades of experience  ensures  total satisfaction to the clients.

Contact Us:

IN-+91-946160007

US-+1-80151-20200

  • info@khannaandassociates.com
  • cafirm.khannaandassociates@gmail.com

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Procedure to Registration a PVT as per companies Act 2013-Khanna & Associates LLP


 

Procedure to Registration a PVT as per companies Act 2013-Khanna & Associates LLP

How to Register a PVT LTD

 

KHANNA & ASSOCIATES is a 70 year old  taxation lawyer and chartered accountant firm .It includes Company Secretary , MBA s, Taxation Lawyers and Chartered Accountant. We are an international law firm . We provide various services legal to finance.

 we provide the formation, Promotion ,Incorporation ,management and post-incorporation compliance services for  LLP/Private/Public/Wos/Ngos/Non-profit  offshore and onshore companies.

This new form is known as INC-29, and it replaces earlier tedious process of filling out several forms for incorporating a new company.

The INC-29, a 5-in-1 form for company registration, combines the application for DIN allotment, name reservation, incorporation and even PAN & TAN, while making the process cheaper. As the entire incorporation process is in a single form, correct filing could mean approval in 48 hours, the government claims. If you’re an entrepreneur, you should be impressed. Relative to the old process, it has the potential to save you a lot of time, if properly implemented.

Earlier Form Filling:

  1. Applications for obtaining a DIN – DIR – 3
    2. Approving the name of the company – INC-1
    3. A separate form for registration of the company (With MOA & AOA) – INC – 7
    4. Form INC-22 for sharing details about registered office – INC – 22
    5. A separate form DIR12 which should be sent to every director – DIR – 12

Now Form Filling:

All these formalities are now thing of past, as only INC-29 is now sufficient.

INC-29 will provide following services through a single e-form:

– Allotment of Director Identification Number;
– Name of a company; and
– Incorporation of a company.

Advantages and Disadvantages of INC – 29

Advantages of INC – 29

  1. Now Company can incorporated within 24 working Hours after filed INC 29 with MCA portal. Separate queue for processing INC-29 has been created at ROC back office.
  2. Currently, INC – 29 is only an option for incorporating the company. You can also incorporate the company with old procedure also.
  3. If form is rejected then you can apply for refund through Refund Form.
  4. You can also apply for Permanent Account Number (PAN) and Tax Deduction Account Number (TAN)
  5. If the address for correspondence is not the address of registered office of the company. In this case, the company shall establish its registered office within fifteen days of the approval of this application for Incorporation and shall also intimate such address of registered office within thirty days of the Incorporation via e-form INC-22.

Disadvantages of INC – 29

  1. Narrower Name Proposal

The Registrar has so far asked applicants to submit 6 names in order of priority. Even with the luxury of options, company names take 7 working days to be approved. The INC-29 will allow applicants to submit only a single name. So, while applying applicant has to undertake the necessary diligence regarding the name keeping the in mind the guidelines issued by MCA for Name approval. In case the name applied is rejected then you have the option to re-submit it for 1 more time. It remains unclear how this will not lead to more rejections.

  1. Single Resubmission

The INC-29 combines forms, but does not eliminate any procedure. It’s just that you must now submit everything at once. This means that, should there be errors, you will get to know of all of them at once. This is a good change, but we should be concerned about the fact that only a single resubmission is allowed before you have to file the entire form and pay the Rs. 2000 again.

  1. No Tracking System

Under the non-INC-29 system, you always know which process you’re stuck at. Since through INC-29, you are applying for 3 approvals i.e. Name, DIN and company registration, if any one fails all the others also fails. For example if there are issues in DIN application, then the entire application will be rejected and you have to file afresh.

  1. Section 8 Companies not Included

Incorporation of a charitable company under section 8 (Formation of Company with Charitable objects) and company defined under chapter XXI (Unregistered Companies) of the Companies Act, 2013 are not facilitated under this integrated incorporation form.

  1. Maximum DIN Allotment – 3

DIN for only 3 Directors can be applied at one time. For example a company has 5 Directors, 4 doesn’t have DIN then this form can’t be filed but in case person proposed to be appointed which don’t have DIN are up to 3 , then this form can be filed irrespective of the fact that there are 12 other Directors , who have DIN.

Steps for Incorporation of Company through INC – 29

Step – I: Obtain DSC for one director

Step – 2: File INC – 29 for the following:

  1. Application for applying DIN for maximum 3 Directors
  2. Application for Name availability (for single name only)

iii. Application for company registration

  1. For furnishing details of Directors and registered office
  2. Application for PAN – TAN

Step – 3: Attach Documents

  1. Memorandum of Association
  2. Article of Association
  3. Affidavit and declaration by first subscriber(s) and director(s)
  4. Proof of Office Address. (Conveyance/ Lease deed/ Rent Agreement etc. along with rent receipts)
  5. Copy of the utility bills. (not older than two months)
  6. Proof of Identity & residential address of subscribers & Applicant
  7. For Identity Proof – Voter ID Card/ Driving License / Passport / Aadhar card)
  8. For Address Proof – Bank Statement/ Electricity Bill/ Telephone Bill

iii. IF you want PAN & TAN, fill jurisdiction details.

Step – 4: Form to be digitally signed by one of the proposed director

Step – 5: Declaration and Certification by Professional to be digitally signed along with their Membership No. as well as Certificate of Practice by professional.

Here Professional means: CA / CS / CMA / Advocate

Step – 6: Upload the Form and Pay the Fees (For detail see Fee Schedule)

Step – 7: If the address for correspondence is not the address of registered office of the company. In this case, the company shall establish its registered office within fifteen days of the approval of this application for Incorporation and shall also intimate such address of registered office within thirty days of the Incorporation via e-form INC-22.

Fees Table:

Fees: Normal Fees + 2,000

Authorized Capital Fees for ROC:

Nominal Share Capital Other than OPCs and Small

Companies

OPC and *Small Companies
Fixed For every 10, 000

or part thereof

Fixed For every 10, 000 or

part thereof

Up to 1, 00, 000 5,000 N.A. 2,000 N.A.
More than 1,00,000 up to 5,00,000 5,000 + 400 2,000 N.A.
More than 5,00,000 up to 10,00,000 21,000 + 300 2,000 N.A.
More than 10,00,000 up to 50,00,000 36,000 + 300 2,000 + 200
More than 50,00,000 up to 1,00,00,000 1,56,000 + 100 N.A. N.A.
More than 1,00,00,000 2,06,000 + 75 N.A. N.A.

 

Normal Form Filling Fees

Nominal Share Capital Fees
Up to 1, 00, 000 200
More than 1,00,000 up to 5,00,000 300
More than 5,00,000 up to 25,00,000 400
More than 25,00,000 up to 1,00,00,000 500
More than 1,00,00,000 600

 Company services include:

Ø  Advice, formation and management of companies

Ø  Readymade companies

Ø  Registered office provision

Ø  Annual compliances

Ø  Provision of directors and nominee shareholders where required

Ø  Accountancy, tax compliance and bookkeeping

Ø  Company secretary

Ø  Provision of a registered office where required

Ø  Bank account services

Ø  Trade and treasury services

Ø  Payroll and outsourcing services

Ø  Virtual office packages

 

KHANNA & ASSOCIATES is a full service Law Firm handling all legal matters on Civil, Criminal, Business, Commercial, Corporate, Arbitration , Labor & Service subjects in law, in all courts  as well  as Tribunals. An individualized service by members with decades of experience  ensures  total satisfaction to the clients.

Contact Us:

IN-+91-946160007

US-+1-80151-20200

  • info@khannaandassociates.com
  • cafirm.khannaandassociates@gmail.com

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