For a company, board meeting must be conducted,
returns must be filed and statutory register must be maintained to maintain compliance.
Ovakil's offers company compliance management from Rs.3499/-
Companies in India must conduct an Annual General Meeting at the end of each financial year and file an annual return with the Ministry of Corporate Affair to maintain compliance. For newly incorporated Companies, the Annual General Meeting should be held within 18 months from date of incorporation or 9 months from the date of closing of financial year, whichever is earlier. Subsequent Annual General Meeting should be held within 6 months from the end of that financial year. In India, normally the financial year starts on April 1st and end on 31st March. So a Company's annual return would be on September 30th.
Annual return consists of information and documents that include the Balance Sheet of the Company, Profit & Loss Account, Compliance Certificate, Registered Office Address, Register of Member, Shares and Debentures details, Debt details and information about the Management of the Company. The annual return would also disclose the shareholding structure of the Company, changes in Directorship and details of transfers of securities. Ovakil can help file your Company's annual return in India.
A Private ❛Company❜ is a limited Liability company which formed with minimum capital as may be prescribed by the articles and have:
Minimum 2 director and maximum 20 director.
No minimum paid up capital is required
Which has a advantage of limited liability unlike other form of business ( Proprietorship or firm where owners have unlimited liability to the extent of its assets)
No of member is limited up to 200
Only Friends & relatives can become member of company.
Very less restriction and requirement comparatively to public company.
In the today era of business we have seen that banks, and financial institution are interested to fund the business of entrepreneur of company form of business.
STEP-1: WE WILL COLLECT ALL NEEDED INFORMATION AND DOCUMENTS WHICH ARE NEEDED FOR ROC FILLING OF COMPANY
STEP-2: AFTER GETTING ALL INFORMATION WE WILL PREPARE ANNUAL REPORT AND FORMS FOR UPLOADING ON MCA21
STEP-3: AFTER GETTING ALL DOCUMENTS READY WE WILL FORWARD ALL DOCUMENTS FOR SIGNING
STEP-4: WE WILL UPLOAD ALL DOCUMENTS ON MCA21 PORTAL
Date wise details of Board meeting of company
Details regarding Annual general meeting of company
Audited Financial Statement from Auditor of Company
Audit report from the auditor of company
Board report on Financial Statement of Company
Note: We will prepare extract of annual return, which to be sign by directors of company
1. I need to be physically present during this process?
It❜s a totally based on online process all you need to submit the document to us, and there is no need of physical appearance
2. How much time is needed for setting up a private limited company in India?
After submission of all documents, normally it takes 15 days to incorporate the company
3. What are the rules for picking a name for a private limited company?
There all following rules regarding name approval:
The name must not be identical with name of existing company.( like u can apply for name of your company TATA because its already in existence)
The name should not be offensive. ) its not hurt sentiment of any religious of person).
IT should not used any symbol, name of public office, government❜s department and offices.
Your brand name and company name can be different. (For example: PAYTM IS BRAND NAME OF COMPANY ONE97 COMMUNICATION.)
4. What documents are required to complete the process?
All the director must have photo proof and address proof along with the proof of registered premises.If the registered office is situated in one the director premises or other person premises the an NOC must be filled that he had no objection on company registered office situated at his place.
5. What is a DSC?
Because the company registration is totally online process so the document must be sign digitally, A DSC is a electronic signature of the person which can used to filled electronic document.
6. Does a private limited company have continuous existence?
A Private company has one of the feature is Perpetual succession; it should go continuously without being effected by its member existence.
7. How much does it cost to run a private limited company?
It totally depend on the person running the company, the mandatory cost of running is Audit of company and annual account filling normally it takes 10-15 k, but if you want accounting and other aspect the cost can be 30000 PA or depend upon the turnover of the company.
8. Is it necessary to have a company❜s books audited?
Yes as per company act every company accounts must be audited by Chartered Accountant by a member of Institute of chartered accountants of India and company should appoint within 30 days auditor of the company.
9. What are articles of association and memorandum of association?
These are the bye laws of the company it should contain rules and regulation of the company or we can say charter of the company, it simply define Mission, vision, rules relating to the company