How much does it cost to register a company in India?
The cost of registration of a sole proprietor company is nearly Rs 2,500 while that of a partnership firm is nearly Rs 5,000. If you incorporate a private (LLP or LLC) company with a minimum authorised capital of Rs 1,00,000, the registration will cost you Rs 7,000.
How much fees is required to register a company?
| NOMINAL SHARE CAPITAL | REGISTRATION FEES |
|---|---|
| limited to Rs 1,00,000 | Rs 5,000 |
| Rs 1,00,000 to Rs 5,00,000 | Rs 5,000 +additional Rs 400 for every increase of Rs 10,000 of nominal share capital |
| Rs 5,00,000 to Rs 50 lakh | Rs 21,000 +additional Rs 300 for every increase of Rs 10,000 of nominal share capital |
Can we run a company without registration?
To operate a business without registration you need a current account. Now to open the current account, the bank will ask you for any government registration. Let us proceed and learn more about the unregistered and registered form of business.
How can I start my own company in India?
Four major steps to register a company/ startup in India:
- Step 1: Acquire Digital Signature Certificate (DSC)
- Step 2: Acquire Director Identification Number (DIN)
- Step 3: Create an account on MCA portal- New user registration @ mca.gov.in.
- Step 4: Incorporate or Apply for the company to be registered.
How can I register my company for free in India?
How much does CA charge for company registration?
4) Company Law and LLP Work:
| Particulars | Class ‘A’ Cities | Class ‘C’ Cities |
|---|---|---|
| Filing Application for Name Approval | ₹8,000 | ₹4,000 |
| Incorporation of a Private Limited Company/LLP | ₹35,000 | ₹18,000 |
| Incorporation of a Public Limited Company | ₹65,000 | ₹30,000 |
| Advisory or consultation in drafting MOA, AOA | ₹15,000 | ₹8,000 |
How long does it take to register a company in India?
The new changes brought about by the MCA have made it easy to register companies of any nature with the government. Provided that you have all your documents in place, it can take anywhere between 10 – 15 days to register your company formally.
How do I register a startup company?
Which is better LLP or Pvt Ltd company?
LLP is a preferable form of organization as it provides benefits of both the private limited and partnership firm. Llp is a legal entity separated from its partners. DIVIDEND DISTRIBUTION TAX: – LLP are not required to pay dividend to its partners so Dividend Distribution Tax is not applicable on llp.
Which is better Pvt Ltd or LLP?
Hence, private limited company is advantageous when it comes to ownership and management features. In a LLP, there is not a clear distinction between the owners and management. In a LLP, the LLP Partners hold ownership of the LLP and also hold powers to manage the LLP.
What is fees of GST registration?
4. How much does a GST number cost? The government does not charge you any fees when it comes to registration for GST.
What is the fee for GST registration in India?
8. What is the GST registration fee? For GST registration in India, there is no government fee. Anyone can get the GST registration for free of cost.
Only government fees of Rs 3073 for company registration + Rs 4000, 2 class 3 digital signature+ Rs 1200 for taxes and others. So total charges are Rs 8273. You save Rs 4000 with this package.
How do I start a business in India?
You will need a Company Secretary or a Chartered Accountant to get your business registered in India. There are various websites which helps you in company registration process such as MustLaunch, Indiafilings, Vakil Search, Startupwala etc.
How much does it cost to set up an LLC in India?
Incorporation costs for an Indian LLC in year 1 amount to US$7,100, and annual company costs in year 2 and thereafter amount to US$1,700. The total average engagement fees will be US$15,355, including company incorporation, opening a corporate bank account, VAT and tax registration and all government fees.
What is a company in India?
According to Section 3 of companies, a company is a legal entity registered and formed under the 1956 Companies Act. Types of business structures in India There are five main types of companies you can register in India: