Company Registration

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How to Register Digital Marketing Agency Business in India

Posted on by Fastlegal Team
How to Register Digital Marketing Agency Business in India 1

How to Register Digital Marketing Agency Business in India 2

To carry on a digital marketing business in India you need to register your business with any other business structures available to do business in IndiaFollowing options are available for registration of a business structure

  • Proprietorship firm registration
  • Partnership firm registration
  • LLP Registration
  • Company Registration

Digital Marketing Agency Business is service based business where revenue is dervied from providing service for generating sales and leads through online platforms.

Proprietorship firm business

  • If you are a single individual and wants to the start out the digital marketing business you need and you do not want to spend much more money.
  • Start out with proprietorship firm business it is the most easiest and significantly used platform for small businesses this type of a business you do not need to spend much money on registration and compliance part and all what you can do is can be done and this form also the proprietorship firm is no different in yourself in this case you need your own personal account number that is pan number to be used while registration of this firm.

While filing the tax return form to the proprietorship firm you are filing your own personal return under the business income head.Under the income tax provisions you will get the benefit for the slab rates prescribed and will be taxed accordingly

Partnership firm business

If you are carrying on business with one or more persons that is partners you may start the digital marketing business and the partnership firm business modelpartnership firm business model gets significant popularity in the Indian market. It provides very easy registration as well as managing compliances.Register of firms do not require any financial reporting from a partnership entity and only you need to file the tax returns the registrar of firms require reporting only when there is a change in a constitution of a firm.

LLP business form

LLP business structure is none other than a partnership firm business with the benefit of limited liability.Here the benefit of limited liability provides a significant benefit to the partners in case of insolvency and liquidation of an LLP has personal property of the partner will not get influenced or will be under the obligation unless the personal guarantee has been provided by the partner to the extent.The tax structure and the partnership firm and limited liability partnership is significantly same as there the same provisions that apply to both the entities except few.For registration of a limited liability partnership the name of LLP should be very unique and there should not be any company or Trademark registered under the category of digital marketing services.

Private limited company business form

Private limited company is most popular business structure in India with benefit of a company and limited liability.Private limited company business structure needs to be understand before forming it this business structure provides shareholders and directorsShareholder are the investors in the company who provides capital to run the business of the company directors are interested with duties and powers to run the business very effectively.Further Director and shareholders can be the same person.Directors takes salary from the company for the services provided also if the directors are non executive directors company may give sitting fees for attending the board meetings.Father and the only private limited company structure you can provide stock options facility to your employees, stock options facilities are very important scheme for any of the growing startups that require employees to retain with them.Under Stock options facility employees are provided with options to to buy shares of the company at a future date on a predetermined price (all these conditions are mention under the esop scheme)ESOP provide significant value creation for employees where they sense the ownership in the company and if the value company increases significantly due to successful business the wealth of employees grow significantly.

Registration of all the business structure the applicant needs to provide the KYC documents and KYC for the business address place

Following KYC documents are required from individuals

  1. PAN
  2. AADHAR
  3. Bank Statement with current address
  4. Photo
  5. Mobile No
  6. Email id

KYC documents for business place

  1. Electricity Bill
  2. NOC (No Objection Certificate)
  3. Rent Agreement, if business is rented
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Section 8 Company Registration- No Requirement to File INC -12

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With the ease in incorporation procedure for Company , MCA has come out with another notification that waives off filing of form INC-12 for Section 8 Companies, form INC -12 was required to be filed to ROC after obtaining name approval of the Company for obtaining Licence for Section 8 Company. Once the Licence for Incorporation of Section 8 company is obtained , the Company Incorporation application in SPICE form can be filed.

Now MCA has substituted the Form INC -12 with SPICE form and SPICE form to be amended accordingly.

Further in case of draft memorandum , the word Memorandum , further this also eases the incorporation process , as draft MOA was required to be filed with INC-12 earlier when applying for section 8 Company licence.

In case of Existing Company Company wants to Apply for conversion into section 8 company , the form INC -12 will be required to file for Application for grant of License to an existing company under Section 8

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Declaration of Commencement of Business by Company

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Declaration of Commencement of Business by Company 3

The new Section 10A has been introduced through Companies Amendment Ordinance 2018 with effect from 2nd November , 2018 which provides that every company is now required to file e Form INC 20A with Registrar of Companies within 180 days of its Incorporation for commencement of its business.

Main Requirements for Filing Form INC 20A:

  • The Subscribers has paid the share subscription amount to the Company
  • That the Company has obtained the regulatory approval required to be obtained for commencement of business for business activities which are specially regulated by other sectoral regulators like SEBI, RBI, IRDA etc.. 

What is required to done now :

  • No waiting for Opening of Bank Account 
  • Deposit Share Subscription amount in Company Bank Account 
  • File Form INC-22 for verification of Registered office 
  • File Form INC-20A within ASAP, not later than 180 days of Incorporation of Company 

How to pay Share Subscription amount to Company :

As normal practice every company is registered with Rs. 1Lakh  paid up capital, now it is compulsory that Rs. 1Lakh should be compulsory deposited in Company Bank Account within 180 days of its registration, so it is advisable to avoid incorporating company with higher paid up amount and promoters should go with Rs. 1000/10000 like paid up amount that can easily be paid to company account and Authorized capital of the company should be made at higher limit , so to issue shares at the later stage if required capital is introduced afterwards. 

Lesser amount can also be paid to company by cash , so having lesser amount of paid up capital will help you to better comply with this section. It Is always advisable to deposit the subscription amount to company bank Account as soon as Bank Account of newly incorporated company is opened.  

Section 10A.Commencement of business etc.


(1) A company incorporated after the commencement of the Companies (Amendment) Ordinance, 2018 and having a share capital shall not commence any business or exercise any borrowing powers unless—
(a) a declaration is filed by a director within a period of one hundred and eighty days of the date of incorporation of the company in such form and verified in such manner as may be prescribed, with the Registrar that every subscriber to the memorandum has paid the value of the shares agreed to be taken by him on the date of making of such declaration; and 
(b) The company has filed with the Registrar a verification of its registered office as provided in sub-­section (2) of section 12.  

(2) If any default is made in complying with the requirements of this section, the company shall be liable to a penalty of fifty thousand rupees and every officer who is in default shall be liable to a penalty of one thousand rupees for each day during which such default continues but not exceeding an amount of one lakh rupees.

 (3) Where no declaration has been filed with the Registrar under clause (a) of sub-section (1) within a period of one hundred and eighty days of the date of incorporation of the company and the Registrar has reasonable cause to believe that the company is not carrying on any business or operations, he may, without prejudice to the provisions of sub-section (2), initiate action for the removal of the name of the company from the register of companies under Chapter XVIII.

How to Register Sole Proprietorship Firm Online in India

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How to Register Private Limited Company ( Pvt Ltd) in India

Posted on by Fastlegal Team
How to Register Private Limited Company ( Pvt Ltd) in India 4

Private Limited Company Registration procedure is becoming very simple now a days , any person who wants to carry out business operations with separate business entity is not required to wait for month or two just to get the legal formalities done. Even the PAN and TAN of the company is available just after the registration process is completed.

Procedure for Private Limited Company Registration :

  1. Check whether the proposed name is available or not , this has to be check at MCA website at Check Company name option, It is advisable to check only first word of the name and not the full name, If Name is available , try out new name 
  2. Now Check the Trademark of the proposed in the product category on Trademark Public Search Website, if trademark exist try out new name
  3. Prepare KYC Documents of Proposed Directors and Subscribers
  4. Documents will be PAN , Aadhar/DL/Voter Id and Utility Bill/Telephone Bill/Bank Statement, Passport Size Photograph , Mobile Number , Email id , Digital Signature form and Video of Min 25 Sec that the applicant is applying for Class 2 Digital Signature
  5. Documents for KYC of Office Address : Office Address of the Company KYC will be Rent Agreement, if rented premises, Electricity Bill and NOC form Owner 
  6. DSC Application to Certifying Authority 
  7. Incorporation Documents : INC-9 and DIR-2
  8. Signing of Incorporation Documents 
  9. Preparation of Spice form 
  10. Preparation of SPice MOA 
  11. Preparation of SPICE AOA 
  12. Affixing of DSC on Form
  13. uploading of E Forms on MCA portal 
  14. Payment of Incorporation Fee 
  15. Waiting for Reply form CRC ( Takes around 1 to 2 working days ) 
  16.  Approval or Re submission form CRC
  17. Resubmit the e forms by making corrections 
  18. Wait for Approval

Get Company Registration Support form Fastlegal – call 9782280098 or email at mail@fastlegal.in

Place your Request and Fastlegal Team Member will call you back

Company Registration process is same all over India and all the companies are registered via Central Registration Center (CRC) 

 

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Step by Step Procedure for Private Limited Company Registration in India

Posted on by Fastlegal Team

Private Limited Company is the most common incorporated business organisation in India. It limits liability of its members & has a perpetual succession. For starting a Private Limited Company minimum 2 members and directors are required. In this article we provide a comprehensive guide to Private Limited Company registration as per the provisions of Companies Act,2013.

Type of Business Entities for doing business in India :

Private Limited Company :

Private Limited Company is the most popular structure for businesses and startups. Private Limited Company allows outside funding & Foreign Direct Investment easily. Private Limited Companies are required to hold Board Meetings,Register Secured Loans with Ministry of Corporate Affairs,Hold Members Meeting for Important matters,Make complete disclosures about important matters in their Board Report. Due to all these regulatory disclosures and requirements imposed on Private Limited Company by Company Law they tend  to be viewed with more credibility than a Limited Liability Partnership (LLP), One Person Company (OPC), or General Partnership.

Limited Liability Partnership:

Limited Liability Partnership is suitable for Service based industry (for example-web designing,architects,doctors etc.). In comparison to general partnerships it limits the liability of its Partners. However, if you’re looking to raise venture capital or attract talent with employee stock options, private limited is the way to go as LLPs cannot easily accommodate it.

Partnership Firm :

General Partnership Firm is thought to have lost its relevance since the introduction of the Limited Liability Partnership (LLP) because its partners have unlimited liability, which means they are personally liable for the debts of the business. However, low costs, ease of setting up and minimal compliance requirements make it a sensible option for some, such as home businesses that are unlikely to take on any debt. Registration is optional for General Partnerships.

Procedure for Incorporation of Private Limited Company

Following are the steps involved in Incorporation of a Private Limited Company in India:

Obtaining Digital Signature: 

Digital Signature is required to sign Incorporation application and other forms for regular compliance needs,It is issued by certifying authority (like Sify,Vsign, Emudra etc.).

Following are the documents required for obtaining Digital Signature for Directors:

1.) For Indian citizens & residents:

a.) Copy of Pan Card

b.) Copy of Driving license/Passport/Aadhar Card/Voters’ Identity Card

c.) Dully filled and signed Digital Signature Form.

2. For Foreign Nationals:

a.) Copy of Notarized or Appostilled Passport if the country is a party to hague convention.

b.) Dully filled and signed Digital Signature Form.

Name Approval Application in E form RUN:

Application for Name approval may be filled using E-FORM RUN . Care must be taken while applying for Name approval, Name of proposed Company must not resemble with an already registered Company and a Registered Trademark or with the mark for registration of which Trademark application has been filled.

We will help you to check the name availability for your new Company.

Preparation of Incorporation Documents:

  • Form INC -9 ( Declaration from First Subscribers and Directors )
  • Form DIR-2 (consent to Act as Director )
  • E MOA
  • E AOA

What is E MOA and E AOA :

  • E MOA is Memorandum of Association of the Company i.e. Constitutional  Document  in which Name of the Company , State of Registered Office of the Company, Main Objects of the company, Share Capital of the Company and Liability of Members are mentioned.
  • E AOA is Articles of Association of the Company i.e. in which Rules and Regulations for governing of the Company is mentioned.

Our Team will help you to get your E MOA and AOA drafting as your requirements.

Shareholding (Ownership)  in the Proposed Company , how it is decided :

In this case if you are two persons starting a New Company it is important that what ownership you will held in the proposed Company , Lets take and Example – We will Incorporate a Private Limited Company which will have Share capital Divided into 10000 Equity Share Shares of Rs. 10 Each in this case We divide 5000 Share each to both the persons , the ownership will be 50-50% for both the persons. Ownership decides the voting rights of members in the proposed Company.

In New Company Share are subscribed by mentioning the no of shares in the Subscription page of MOA of the Company and it is witnessed by  Company Secretary, Chartered Accountant or Cost Accountant in Practice.

Subscribing to Memorandum and Articles of Association:

By subscribing to Memorandum and Articles of Association members agree to become member of Proposed Company. Following are the manner for Subscribing to Memorandum and Articles of Association:

1.) If all the members are Indian resident Individuals:

Subscriber sheets of Moa & Aoa must be signed by respective individuals stating the shares subscribed against their name in Moa Subscriber Sheet.

2. If members include Body Corporate or only Body Corporate are members:

Subscriber Sheet must be signed by nominee of Body Corporate who is authorized by a resolution passed by Board of Directors for subscribing on behalf of Company and other individual subscribers.

3. In case foreigner are members of proposed Company:

 Subscriber Sheet of Moa & Aoa is required to be signed by respective individual or nominee of Body Corporate and must be Notarized by Notary Public of that Country if the country is not a party to Hague convention if that country is a party of Hague convention than it must be appostilled accordingly.

Filling of Incorporation Application to CRC:

Once all the above processes are completed than incorporation application may be filled using the forms available on website of Ministry of Corporate Affairs.

Obtaining DIN and Name Approval can directly be made through SPICE form. GST Registration can also be applied along with Spice form through AGILE.

Opening of Company Bank Account :

It is very much advisable to open a Company Current Bank Account as soon as company is registered, and deposit the subscription money to company bank account .

Filing of Form INC 20A for Commencement of business of Company :

The Company has to file form INC 20 A for Commencement of Business of the Company , Company cannot Commence and exercise borrowing powers if company does not file form INC 20A .

Place your Request for Private Limited Company Registration Online in India

Call us directly at 9782280098

https://www.youtube.com/watch?v=FL1BZPkn0cM&feature=youtu.be&hd=1

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CA for Company Registration in Jaipur

Posted on by Fastlegal Team

CA for Company Registration in Jaipur

Private Limited Company is the most popular structure for businesses and startups. Private Limited Company allows outside funding & Foreign Direct Investment easily. Private Limited Companies are required to hold Board Meetings, Register Secured Loans with Ministry of Corporate Affairs, Hold Members Meeting for Important matters, Make complete disclosures about important matters in their Board Report. Due to all these regulatory disclosures and requirements imposed on Private Limited Company by Company Law, they tend to be viewed with more credibility than a Limited Liability Partnership (LLP), One Person Company (OPC), or General Partnership.

Features of Private Limited Company Registration

1. Required Minimum 2 Directors and Shareholders
2. Investment Friendly
3. Body Corporate and Benefit of Limited Liability
4. Widely Accepted Business Structure
5. Easy Restructuring
6. Maximum Number of Members can be up to 200
7. Suitable for Startups and Growing Businesses

Documents Required For Private Limited Company Registration

1. PAN of all Directors
2. Voter ID/DL/Aadhar Card/Passport of All Directors
3. Passport Photo of all Directors
4. Latest Bank Passbook/Statement or Electricity/Broadband Bill
5. Latest utility bill (electric bill/telephone bill) and Rent Agreement or latest tax receipt/ownership deep of the property for the property to be used for a registered office.

Step By Step Procedure For Private Limited Company Registration in India

Step 1- Application for Obtaining DSC (Digital Signiture)
Step 2- Preparation and Signing of Incorporation Documents
Step 3- Filing of Incorporation Form to MCA
Step 4- Waiting For Approval from ROC
Step 5- Certificate of Incorporation

Time Required

Step 1- 1 Day
Step 2 and 3 – 1 Day
Step 4 and 5- Time Taken by MCA

Fastlegal Provides Company Registration Services in Jaipur, Please Place your request here call us at 9782280098 or email us your requirements at mail@fastlegal.in 

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Top Company Registration Consultants in Rajasthan

Posted on by Fastlegal Team

Private Limited Company is the most popular structure for businesses and startups. Private Limited Company allows outside funding & Foreign Direct Investment easily. Private Limited Companies are required to hold Board Meetings, Register Secured Loans with Ministry of Corporate Affairs, Hold Members Meeting for Important matters, Make complete disclosures about important matters in their Board Report. Due to all these regulatory disclosures and requirements imposed on Private Limited Company by Company Law, they tend to be viewed with more credibility than a Limited Liability Partnership (LLP), One Person Company (OPC), or General Partnership.

Features of Private Limited Company

1. Required Minimum 2 Directors and Shareholders
2. Investment Friendly
3. Body Corporate and Benefit of Limited Liability
4. Widely Accepted Business Structure
5. Easy Restructuring
6. Maximum Number of Members can be up to 200
7. Suitable for Startups and Growing Businesses

Documents Required For Private Limited Company Registration

1. PAN of all Directors
2. Voter ID/DL/Aadhar Card/Passport of All Directors
3. Passport Photo of all Directors
4. Latest Bank Passbook/Statement or Electricity/Broadband Bill
5. Latest utility bill (electric bill/telephone bill) and Rent Agreement or latest tax receipt/ownership deep of the property for the property to be used for a registered office.

Step By Step Procedure For Private Limited Company Registration in India

Step 1- Application for Obtaining DSC (Digital Signiture)
Step 2- Preparation and Signing of Incorporation Documents
Step 3- Filing of Incorporation Form to MCA
Step 4- Waiting For Approval from ROC
Step 5- Certificate of Incorporation

Time Required

Step 1- 1 Day
Step 2 and 3 – 1 Day
Step 4 and 5- Time Taken by MCA

Fastlegal Provides Company Registration Services in Jaipur, Please Place your request here call us at 9782280098 or email us your requirements at mail@fastlegal.in 

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Top Company Registration Consultants in Jaipur

Posted on by Fastlegal Team
Private Limited Company is the most popular structure for businesses and startups. Private Limited Company allows outside funding & Foreign Direct Investment easily. Private Limited Companies are required to hold Board Meetings, Register Secured Loans with Ministry of Corporate Affairs, Hold Members Meeting for Important matters, Make complete disclosures about important matters in their Board Report. Due to all these regulatory disclosures and requirements imposed on Private Limited Company by Company Law, they tend to be viewed with more credibility than a Limited Liability Partnership (LLP), One Person Company (OPC), or General Partnership.

Features of Private Limited Company

1. Required Minimum 2 Directors and Shareholders
2. Investment Friendly
3. Body Corporate and Benefit of Limited Liability
4. Widely Accepted Business Structure
5. Easy Restructuring
6. Maximum Number of Members can be up to 200
7. Suitable for Startups and Growing Businesses

Documents Required For Private Limited Company Registration

1. PAN of all Directors
2. Voter ID/DL/Aadhar Card/Passport of All Directors
3. Passport Photo of all Directors
4. Latest Bank Passbook/Statement or Electricity/Broadband Bill
5. Latest utility bill (electric bill/telephone bill) and Rent Agreement or latest tax receipt/ownership deep of the property for the property to be used for a registered office.

Step By Step Procedure For Private Limited Company Registration in India

Step 1- Application for Obtaining DSC (Digital Signiture)
Step 2- Preparation and Signing of Incorporation Documents
Step 3- Filing of Incorporation Form to MCA
Step 4- Waiting For Approval from ROC
Step 5- Certificate of Incorporation

Time Required

Step 1- 1 Day
Step 2 and 3 – 1 Day
Step 4 and 5- Time Taken by MCA

Fastlegal Provides Company Registration Services in Jaipur, Please Place your request here call us at 9782280098 or email us your requirements at mail@fastlegal.in