HOW TO FIND THE GST NUMBER OF A COMPANY BY ITS NAME /PAN?

“DO NOT FILE INCORRECT GST DETAILS.”

We want to help GST Taxpayers to find correct GST numbers of their vendors and file their GST returns right. We care for GST taxpayers.  

WHAT IS GST NUMBER? WHAT IS GSTIN?

Goods and Services Tax Identification Number in short is called as GSTIN. GST Number is your unique GST registration identity for your business. GSTIN is a 15 digit alpha numeric number.

WHY GST NUMBER IS IMPORTANT? IS GSTIN IMPORTANT?

GSTN or GST Number is used to file your GST returns. Your Vendors quote your GST number for the purchases made from you. This creates transparency, reduces tax evasion and manipulation

HOW  TO READ GST NUMBER FORMAT AND STRUCTURE?

GSTIN is a 15 digit number with a combination of alphabets and numbers.

EX:   33ACMCP0105M1ZC  ————33   ACMCP0105M   1     Z     C

  • The first 2 digits indicates the state in India . In the above example 33 represents Tamilnadu State code. Similarly if the first 2 digits of GST is 29 then it is GST number of Karnataka state etc.
  • The next 10 characters represent taxpayer’s PAN number. In the above example ACMCP0105M is the PAN of the taxpayer
  • The 13th Digit represents the tax payer registration number with the same PAN
  • The 14th Digit is “Z” by default for all GST numbers or GSTIN. It does not indicate anything in particular presently.
  • The 15th digit is the checksum digit. It can be an alphabet or a number.

MISUSE OF GST NUMBER

Some people quote fake GST numbers and misuse the benefits GST. They may not be able to so for long and fool consumers. When GST returns are filed by vendors such culprits are brought to spotlight.

HOW TO COMPLAIN ABOUT ILLEGAL OR FAKE GST NUMBERS?

You can report about fake or illegal GST numbers by sending email to helpdesk@gst.gov.in. You may also make a call on +91 124 4688999 / +91 120 4888999

CAN I GET ADDRESS OF THE GST taxpayer?

You cannot get address of the GST taxpayer through his GST number. However you can derive the State where the GST is registered.

WHAT IS THE VALIDITY OF GST NUMBER OR GSTIN?

GST number will be valid when you file  GST returns periodically and follow compliances. Else your GST number will be cancelled by the government

HOW TO SEARCH GST NUMBER BY NAME? HOW TO SEARCH GST NUMBER BY PAN?

Finding GST number of a Company or Individual or others has become very easy.  Every GST number of any business of any state is shared with Central government. 

All you need to do is ———->visit http://gstserver.com/—- –> Select particular State or All states —- > Type Name or PAN of GST taxpayer—– > Tick the box I’m not a robot—- > verify images and confirm if necessary—- > Click on Search.

HOW TO CHECK IF A GST NUMBER IS CORRECT OR INCORRECT ? HOW TO VERIFY GST NUMBER ONLINE INSTANTLY?

You can use FREE Online GST Number Verification Tool that are aplenty online. Alternately you can visit http://gstserver.com/ and use FREE Online GST Number Verification Tool. This tool helps you to verify multiple GST numbers at a time. All you need to do is to key in your GST numbers or upload your list of GST numbers. The results will be instantly displayed on the screen.

If the GST number entered is correct a message will be displayed on the screen ‘Valid Checksum’, else you get the message as ‘Invalid Checksum’. With this GST verification tool you can also derive details like

  • Legal Name of Business
  • Trade name     
  • Center Jurisdiction
  • State Jurisdiction
  • Date of registration
  • Constitution of Business
  • Taxpayer Type
  • GSTIN / UIN Status
  • Date of Cancellation
  • Field Visit Conducted?
  • Nature of Business Activities

We understand you still have queries and need clarifications on How to Find the GST Number of a Company By its Name /Pan

Filing Point is top business registration specialists in Chennai. We are one stop solution business services provider. In case you are looking for GST filing services, GST reconciliation services, GST return filing service, online GST returns filing services, GST audit and reconciliation services , GST reconciliation process services in Chennai, Filing Point can help you with your requirements. We are always happy to answer your queries anytime. Get in touch with us today.

HOW TO CALCULATE THE ROC FEES?

“Get Done Your ROC Filing and ROC Compliance at Right time”

WHAT IS ROC?

Registrar of Companies in short is known as ROC. It is the Government authority under Ministry of Company Affairs, India that directs various companies registered under Companies Act 1956 and Companies Act 2013.

ROC ensures that companies are properly registered as per acts and rules of Companies Act, maintain accounts and other data accurately. ROC office maintains the registry of records. Individuals or corporate can access details about a company through ROC.

WHAT IS ROC FILING? WHAT IS ROC COMPLIANCE?

As per Companies Act, it is necessary the companies registered under ROC need to ensure compliances are documented with ROC through filing of relevant eforms. This process is called ROC filing. Annual return filing is the main part of ROC compliance. Financial reporting, directors and auditors reporting and maintaining of statutory register are a part of this ROC compliance.

ROC Noncompliance is dealt with severely with punishments, penalties, imprisonment and on the extreme closure of companies

WHAT IS ROC FEES?

ROC fees are the government fees for filing of ROC forms. When you want to file any forms with ROC, you need to pay ROC filing fees for the same. The process of filing of forms with ROC is complete only when the ROC filing fees is paid.

ROC fees vary depending on the forms, share capital of the organization and document requirements.

HOW TO GET DONE ROC FILING OF COMPANY / LLP?

It is advisable to get your ROC filing of your organization done through professional Chartered Accountants or Company secretaries. They offer professional ROC filing services and Annual Return Filing services

WHO IS RESPONSIBLE FOR ROC FILINGS OF A COMPANY / LLP?

It is the responsibility of the director or LLP partner to ensure ROC filings of their organization is done on time to ensure ROC compliance.

WHAT IS THE COST OF ROC RETURN FILING?

Apart from the nominal government fees/ROC fees, you need to pay professional fees to CS / CA/ ICWA. This professional fee varies from firm to firm.

ROC FEES AS PER MCA

Inspection of Company / LLP Documents

Viewing Company Documents on Portal –  Rs 100.00 per Company

Viewing LLP Documents on Portal –  Rs 50.00 per LLP

Certified Copy of Company / LLP Documents

Certificate of Incorporation – Rs 100.00 per copy

Certificate of Incorporation / Conversion for LLP –   Rs 50.00 per copy

Other Public docs.  – Rs 25.00 / page of a document

Other LLP docus.  –  Rs 5.00 per page per document

Transfer Deeds

Nominal Face value of shares is up to Rs. 5000 –   Rs 50 per deed

Nominal Face value of shares is more than Rs. 5000 –   Rs 100 per deed

How to calculate ROC fees?

Go to MCA website—www.mca.gov.in—-MCA Services—-Fees and payment service—-Enquire fees—-select company or LLP–Select form —Give CIN number if necessary—-Select the purpose of filing. Select the date of event—-Click on the calculate button.

Alternately use can use Filing Point ROC Fee calculator for company registration fees. Visit www.filingpoint.com  —- Company registration tab———Click on Roc fees calculator—-Select State—–Select Company / OPC/LLP—–Enter capital investment—Click calculate.

Your ROC fees breakup will be displayed instantly on your screen.

We understand you still have queries and need clarifications on ROC fees and compliance. 

Filing Point is top business registration specialists in Chennai. We are one stop solution business services provider. In case you are looking for ROC filing services in Chennai, Filing Point can help you with your requirements. We are always happy to answer your queries anytime. Get in touch with us today.

TOP 10 TIPS TO AVOID A PENALTY

Failing to adhere to ROC Compliance is bad enough, but the fines, penalties and Challenges can make your financial burden substantially worse. This can make it tough for the business owners to manage and run their business smoothly.

REASONS FOR NONCOMPLIANCE

POOR INTENT- The organization may not be serious about Annual Return Filing or any ROC filing. This can result in ROC Noncompliance

CASH FLOW CHALLENGES- The Company or LLP may not able to pay taxes on time due to cash flow challenges

INSUFFICIENT EXPERTISE- The business owners may be ignorant about all the rules and regulations that they need to follow as per ROC. But Ignorance of law is no excuse. It is advisable to engage ROC filing services from professionals.

PROCESS FAILURE- Sometimes there can be errors in the information submitted to ROC. There can be errors in ROC forms uploaded too. This is also considered as non-compliance.

LEVELS OF NON COMPLIANCE

Noncompliance is dealt with severely by ROC. The following are various levels of actions taken for Non-compliance

FINES—It is the first step of non-compliance where fines are levied. This is an unnecessary cost that can be easily avoided through on time tax payments and ROC Filing in Chennai

PENALTIES OR SCRUTINY—It is the next level of action by ROC. Here the company has to bear the additional cost of fine and penalties, spend precious business hours for scrutiny by the department. OFFENCE- It is the further level of action taken by ROC. Here the offensive organization has to bear additional cost, spend precious business hours on scrutiny and the status of the company goes to dormant status. It is a serious offence if the company is yet to resolve the issue

STRIKE OFF- This is the last stage wherein ROC directs the organization to pay all fines or penalties. Precious business hours are wasted on scrutiny by the department. Your company will be struck off from the register of companies and the authorized persons may have to face imprisonment too.

ROC NON COMPLIANCE AND THEIR CONSEQUECES

NON COMPLIANCE -Failure to carry out Annual Return filing

CONSEQUECES- Delay up to 330 days of AGM, Maximum up to 12 times of normal fees. —If AGM is above 330 days, then 12 times of normal fees plus Fine not be less than Rs. 50,000/- but which may extend to Rs.5,00,000

NON COMPLIANCE- Failure to carry out Annual Return Filing – Directors

CONSEQUECES- If AGM is above 330 days, then Imprisonment for 6 month , Fine not be less than Rs. 50,000/- but which may extend to Rs. 5,00,000 or both

NON COMPLIANCE- Failure in Filing of Financial Statements

CONSEQUECES -Delay up to 330 days of AGM, Maximum up to 12 times of normal fees. If AGM delay above 330 days, then 12 times of normal fees plus Fine not be less than Rs. 1,000/- but which may extend to Rs. 10,00,000

NON COMPLIANCE- Failure in Filing of Financial Statements- Directors

CONSEQUECES- More than 330 days of AGM, Imprisonment for 6 month , Fine not be less than Rs. 1,00,000/- but which may extend to Rs. 5,00,000 or both

NON COMPLIANCE- Failure in Maintenance of Statutory Registers and Records

It is a must for organizations registered with ROC to maintain 1. Register of Directors and KMP’s and their Shareholding 2. Register of Members  3. Register of Charges  4. Register of Loans, Guarantee, Security and Acquisition  5. Register of Investments  6. Register of Contracts  7. Board Meeting Minutes and Annual General Meeting

CONSEQUECES- Penalty may be varies from Rs. 1,000 to Rs. 5,00,000

NON COMPLIANCE- Failure in Event-Based Filings

Event-Based Filings  are 1. Change in Authorized or Paid-up Share Capital of the Company. 2. Transfer of shares 3. Appointment / Change of Directors. 4. Appointment or Change of Auditors. 5. Loans are given to other Companies. 6. Loans to Directors (only if the company complies with Section 185) 7. Opening or closing of bank accounts or change in authorized signatories. 8. Creation or satisfaction of Charges. It is a must for organizations registered with ROC to do event based filings

CONSEQUECES- Penalty may be varies from Rs. 1,000 to Rs. 5,00,000

TOP 10 TIPS TO AVOID PENALTY

Following are the 10 Tips to avoid Penalty or fines

  1. ON TIME PAYMENTS- It is important to pay your taxes on time within due date to avoid penalties, fines or interest. It is the first step of compliance
  2. ON TIME REPORTING- ROC expects proper reporting of business activities and their financial statements within due dates. It is necessary to report all financial activities of the business periodically through relevant ROC filings
  3. RIGHT COMPLIANCE – Follow the practice of on time tax payments, on time reporting or filing of returns and adhere to relevant guidelines of ROC. This ensures you to be in the good books of ROC.
  4. CALENDER OF ACTIVITIES- Prepare a calendar of activities every month to keep track of due dates for various payments, reporting or filing. Your could engage professional services of ROC filing for private limited companies or  ROC Filing in Chennai  to keep you updated about due dates and payments
  5. CHECKLISTS – Prepare a checklist periodically to crosscheck whether you have complied all the payment due dates and reportings to ROC. This ensures better control over the affairs to be reported to ROC. Professionals like Auditors in Chennai or Company Secretaries can help with ROC Filing in Chennai 
  6. SPECIALIST AUDITS- To be ahead you could engage professional ROC filing services to conduct specialist audits and verification of your books of accounts to ensure you are on the right path.
  7. ENGAGE PROFESSIONALS- It is always advisable to engage professional like Chartered Accountants in Chennai or Company Secretaries to handle all the activities related to ROC.
  8. OUTSOURCE YOUR BACK END TASK- We understand entrepreneurs need to concentrate on core business activities rather than worry about back end tasks of accounting,tax and compliance. Outsource all your back end task to professionals who are competent.
  9. BE HONEST AND PAY RIGHT TAX- Keep your accounts clean and pay your taxes right. This goes a long way in making you honest tax payer and be in good books of ROC
  10. CASH FLOW MANAGEMENT- It is important to have good cash flow management to meet all your tax obligations and compliances. This is the most important action to be taken by every organization.

We understand you still have queries and need clarifications on ROC compliance. 

Filing Point is top business registration specialists in Chennai. We are one stop solution business services provider. In case you are looking for ROC filing services in Chennai, Filing Point can help you with your requirements. We are always happy to answer your queries anytime. Get in touch with us today.

A COMPLETE GUIDE TO SELECT COMPANY NAME

Word NAME written on wood block

“SIMPLE & CATCHY COMPANY NAME DETERMINES YOUR BUSINESS SUCCESS”

A right name for your startup has significant impact on your success. A wrong name can have negative effect like failure to attract right customers. Many a times it leads to legal and business hurdles too. On the other hand a powerful and clear name is extremely beneficial in branding and marketing of your business and its products/services.

RULE 8A LAYS OUT THE LIST OF UNDESIRABLE NAMES. IT IS AS FOLLOWS:

  • A company name should not be prohibited under Emblems and Names (Prevention and Improper Use) Act, 1950, unless prior permission is granted
  • A company name should not include any existing trademark that comes under same class of activity of goods or services, unless prior consent has been obtained by the promoter from the trademark owner.
  • A Company name should not include any words that are offensive to any class of people
  • The proposed company name should not be identical or have near resemblance to any existing LLP.
  • The proposed company name should not be identical with the name reserved under rule 9
  • If the main business activity is chit fund, investments, financing, securities or their combinations, the proposed company name should include their respective financial activity like loan, investment, security etc. On the other hand your proposed name should not include the above financial activity names if your main business activity does not involve the same.
  • Your proposed company name should not be similar to popular or abbreviated name of existing LLP or company.
  • Your proposed company name should not be similar to the company or LLP incorporated outside India and such name has been registered with registrar for opening its subsidiary in India. Even rule 8 of name resemblance is considered for name approval.
  • Your company name should not include words representing legal persons or business constitution or connotations like HUF, Ffirm, PTE, AG, Inc. etc.
  • Your proposed company name should not include words ‘British India’
  • Company name should not imply any connection with any foreign embassy or consulate
  • Company name should not imply connection with any national hero patronage or important persons who were in the Government positions.
  • Company name should not resemble any dissolved company which is within 2 years of the dissolution of the company. If a company name is struck off from the register then the same name cannot be up to twenty years
  • LLP name which is struck off from the register cannot be applied for the same name until five years
  • If your proposed company name has words like Bank, Stock Exchange, Asset Management, Nidhi, Mutual fund etc., you need to get prior approval from respective regulations authority like IRDA, SEBI,MCA, RBI etc and their requirements have to be complied with
  • The proposed company name should not include the word State, Continent, Country, place etc in its name
  • Your company name should not be merely commonly used words to describe an activity
  • Do not use names of foreign city, foreign country etc. provided the applicant is able to produce proof of business relations with them.
  • In case of Sec 8 companies the proposed name should include words like Foundation, Forum, Association, Federation, Chambers, Confederation, Council, Electoral Trust etc.
  • A Nidhi company should include words “Nidhi Limited” in its name.
  • You can apply for the name of company which has been removed from the Register after 3 years from such removal, provided no special direction is issued by competent authority for the same.

RULE 8B LAYS OUT THE – WORD OR EXPRESSION TO BE USED WITH PRIOR GOVERNMENT APPROVAL.

“COMPANY NAME SELECTION – A CRUCIAL BUSINESS DECISION”

The following is a brief summary of Rule 8B- list of words / expressions that can be used in your company name with prior approval from Central Government.

  • Board;
  • Commission;
  • Authority;
  • Undertaking;
  • National;
  • Union;
  • Central;
  • Federal;
  • Republic;
  • President;
  • Rashtrapati;
  • Small Scale Industries;
  • Khadi and Village Industries Corporation;
  • Financial Corporation and the like;
  • Municipal;
  • Panchayat;
  • Development Authority;
  • Prime Minister or Chief Minister;
  • Minister;
  • Nation;
  • Forest corporation;
  • Development Scheme;
  • Statute or Statutory;
  • Court or Judiciary;
  • Governor;
  • Using of word ‘ Scheme’ with Government name like State, India, Bharat or any Government authority or any similarity with schemes of Central, State or local Government , authority or Bureau.” .

RULE 8 OF COMPANIES ACT, 2013 – AVOID COMPANY NAME THAT HAS TOO NEAR RESEMBLENCE TO EXISTING COMPANY

#1. USING PLURAL AND SINGULAR WORDS IN NAMES

Using plural and singular words in names & using of words like Private, Pvt, Pvt., (P), OPC Pvt. Ltd., , Productions Limited, Limited, Unlimited, Ltd, Ltd., LLP, Limited Liability Partnership, company, and company, & co, & co., co., co, corporation, corp, corpn,  or group

EXAMPLES

1. White Delight Technology Pvt. Ltd. , White Delights Technology Private Ltd., Whites Delight Technologies PVT Limited. —-ARE SAME

2. DT Tech solutions Pvt Ltd. And DTS Tech solutions Pvt. Ltd. —ARE NOT SAME

#2. USING CAPITAL LETTERS AND SMALL LETTER , SPACING BETWEEN LETTERS, SPECIAL CHARACTERS AND PUNCTUATIONS

EXAMPLES

1. DTS Tech Pvt. Ltd, D.T.S. Tech Pvt. Ltd, D T S Tech Pvt. Ltd —- ARE SAME

2. Four Tree Ltd, Four-tree Ltd, Four@tree Ltd——–ARE SAME

#3. USING DIFFERENT TENSES OF VERBS OR ACTION WORDS IN NAMES

EXAMPLES

1. Delight Computers Ltd., Delighted Computers Ltd—- ARE SAME

2. Talk Media Pvt. Ltd, Talking Media Pvt. Ltd. Talked Media Pvt. Ltd. —- ARE SAME

#4. WORDS THAT SOUND SAME BUT HAVE DIFFERENT SPELLINGS INCLUDING MISSPELLED EXPRESSIONS OR WORDS

EXAMPLES

1. Techchem solutions ltd, Teckem Solutions Ltd, Kemtech ltd, Cemtec Ltd ——-ARE SAME

2. PD  Ltd., Pea Dee  Ltd,P Dee Ltd.,——–ARE SAME

#5. USING WEB HOST NAMES like org, www, net, org, com, dot

EXAMPLES

1.Filing Point Ltd, Filing Point .com Ltd —–ARE SAME

2. Filing Point consultancy Ltd, Point Consultancy .com Ltd.—–ARE NOT SAME

#6. ORDER OF WORDS IN COMPANY NAME

EXAMPLES

1. APC Designer and Decorators Ltd , APC Decorators and Designers Ltd—-ARE SAME

2. Lakshmi travels Ltd , Bhagya Lakshmi Travels Ltd —ARE NOT SAME

#7.USING DEFINITE AND INDEFINITE ARTICLES

EXAMPLES

1. Happy Travels Ltd, The Happy Travels Ltd, A Happy Travels Ltd—-ARE          SAME

2.Deepa Technologies Limited, Pradeepa Technologies Limited—-ARE NOT SAME

#8. SLIGHT CHANGE IN SPELLING AND GRAMMAR

EXAMPLES

1. Cool services pvt Ltd., Kool services pvt Ltd—-ARE SAME

2. Beat Consultancy Ltd., Upbeat Consultancy Ltd.——ARE NOT SAME

#9. TRANSLATION OR TRANSLITERATION OF EXISTING NAMES IN HINDI OR ENGLISH

EXAMPLES

1. Rashtriya Electricity Corporation Ltd., National Vidyut Nigam Ltd.—ARE SAME

2. Amazon Construction Ltd., Amazon Nirman Ltd—-ARE NOT SAME

#10.ADDING NAME OF A PLACE

EXAMPLES

1.Lakshmi Tech Ltd, Lakshmi Tech Delhi Ltd, Lakshmi Delhi Tech Ltd—-ARE SAME

2. Lakshmi Tech Delhi Ltd, Lakshmi Tech Chennai Ltd—ARE NOT SAME

#11.MODIFICATION OF EXISTING COMPANY NAMES WITH NUMBERS OR EXPRESSIONS. UNLESS THE NUMBER DENOTES A BRAND

EXAMPLES

1.Top Consultants  Ltd., Top3 Consultants  Ltd , 3 Top Consultants  Ltd.—–ARE  SAME

2. Nine 7 tools  Ltd., Nine  tools  Ltd.———ARE NOT SAME(If Nine 7 denotes a brand)

On the outset every company needs a name and it is the most important decision you make. Your business name creates a tremendous impact on your investors and customers view on you. The company name you choose speaks volumes about your business savvy and understanding of business world.

Some key things to consider when choosing a name are given below:

  • Business name or Company name should be Unique and Impressive
  • It should be easy to pronounce and unforgettable
  • Keep your company name simple
  • Your company name should make some sense.
  • Give a clue about the your business in the name
  • Don’t box yourself in by restricting the business nature with the company name.

You can check company or LLP name availability or trademark search through http://checkcompanyname.com/

We understand you still have queries and need clarifications for selecting the right company name for your business.

Filing Point is top business registration specialists in Chennai. We are one stop solution business services provider. In case you are unsure of choosing the right company name for your business, you could mail your choice of names to to info@filingpoint.com. We shall check availability of your proposed name with MCA. We are always happy to answer your queries anytime. Get in touch with us today.

COMPANY REGISTRATION IN CHENNAI

Company Registration in Chennai can be done in a few days with the help of professional and experts. The Professionals like Chartered Accountants, Company secretaries and Advocates are the right persons to handle Private Limited registration in Chennai or anywhere in India.

WHY SHOULD YOU START A PRIVATE LIMITED COMPANY?

Private limited companies have the attractive feature of external funding and limited liability of share holders. As such it is the most preferred form of company structure for start-ups and growing companies. Private Limited Company is the easiest form of company. The compliances are less when compared to public limited company.

HOW TO DO PRIVATE LIMITED COMPANY REGISTRATION IN CHENNAI?

Today company incorporation is online and same all over India. A sequence of steps is following to register a company in Coimbatore. But to begin with the steps you need some basic documents:

1. Bank Statement (with latest 2 month transaction) of each of the directors-self attested

2. PAN Card of each of the directors (Self Attested)

3. Aadhar Card of each of the directors (Self Attested)

4. Voter ID/Passport/Driving License of each of the directors (Self attested)

5. Mobile Number of all directors

6. Email ID of all directors

7. Occupation

8. Education Qualification

9. Capital investment into the business

10. EB card of the registered office address

11. Rental agreement of place of business if any

12. NOC from owner of registered office premises

WHAT IS THE PROCESS OF PRIVATE LIMITED COMPANY REGISTRATION IN CHENNAI?

The process of registering a private limited company is complex. It requires help and Digital signatures of Chartered accountants and Company secretary. It is advisable to get company registration in Chennai, India through professionals like Chartered accountants in Chennai or even Company secretaries or advocates.

The following step by step procedure will guide you through the process of registering a private limited company

  • Step 1: Check Name Availability and Apply for company name reservation
  • Step 2: Obtain Digital Signature Certificate
  •  Step 3: Obtain DIN
  • Step 5: Draft MOA and AOA and other registration documents
  • Step 4: Submit company registration application –SPICE eForm
  • Step 6: Apply for PAN and TAN in SPICE form itself
  • Step 7: Receive Incorporation Certificate

POST REGISTRATION OF A COMPANY

Once you receive incorporation, a private limited company can commence business immediately. But you need to open bank account of company and deposit share capital in to the account. Apart from company registration the following additional registrations may be required like

  • Professional Tax registration
  • Registration under Shops and Establishment Act
  • Import – Export License
  • Trademark Registration
  • EPF and ESI
  • GST Registration 

FILING POINT OFFERS PRIVATE LIMITED COMPANY  REGISTRATION IN CHENNAI at an unbelievable price of INR 4499/-. This package consists of  – 2DIN,  2DSC, Incorporation Certificate, PAN ,TAN, MOA,AOA, Opening Bank Account Board Resolution.

WHAT DO YOU GET BY PRIVATE LIMITED COMPANY REGISTRATION THROUGH FILINGPOINT.COM?

  • Digital Signature of two Directors
  • DIN (Directors Identification Number) of two directors
  • Company Name Reservation
  • Hard and soft copy of Articles of Association & Memorandum of Association
  • Reply to queries raised by ROC department during registration
  • Receipts of Government Fees
  • Receipts for Payment of Stamp Duty and Registration Fees
  • Our Professional Fee receipt
  • Certificate of Incorporation
  • PAN and TAN of your Company
  • Support to Open a Bank Account
  • Tax Consultation for Free

In case you post incorporation services like Income tax filings, ROC filings, Event based ROC Filings, GST filings, TDS filings or any other services related to your business contact Filingpoint.com professionals.

For more details drop us an mail or call. We shall be happy to be of your assistance.

PRIVATE LIMITED COMPANY REGISTRATION IN CHENNAI

Private Limited Company Registration

THINKING OF STARTING BUSINESS IN CHENNAI? Private Limited Company Registration in Chennai can be done through simple and hassle free process. Private Limited Company is the popular form of business structure in India. Every startup entrepreneur wants Private Limited Company Registration in Chennai due to various benefits.

Chennai is the business hub of South India. No south Indian states have 2 ROCs in one state. Tamilnadu has two Registrars of companies, one in Chennai and the other in Coimbatore. Entrepreneurs who dream to make it big in business world wish to start their business in Chennai.

WHAT IS A PRIVATE LIMITED COMPANY?

Private Limited company is a well known form of business in India. It is suitable for small to large scale organizations. The shareholders / owners of a private limited company enjoys limited liability to creditors. It means in case of default, the creditors or banks can only company’s assets. They cannot sell personal assets of directors unlike proprietorship or partnership firms.

Company is a separate legal entity. So the company can buy and sell assets in its own name. A company and its owners are two different legal entity. A company is a separate legal person.

WHAT ARE THE REQUIREMENTS OF COMPANY REGISTRATION IN CHENNAI?

 For Private limited company Registration in Chennai , the following are the requirements:

  • Share capital should be minimum of  Rs.1 lakh  and above for a new business
  • There should be minimum of 2 members and a maximum of 50 members
  • Members can also be directors of the company
  • The name of the company should have the words “Private Limited”

WHAT ARE THE DETAILS AND DOCUMENTS REQUIRED FOR COMPANY REGISTRATION IN CHENNAI?

1. Bank Statement (with latest 2 month transaction) of each of the directors-self attested

2. PAN Card of each of the directors (Self Attested)

3. Aadhar Card of each of the directors (Self Attested)

4. Voter ID/Passport/Driving License of each of the directors (Self attested)

5. Mobile Number of all directors

6. Email ID of all directors

7. Occupation

8. Education Qualification

9. Capital investment into the business

10. EB card of the registered office address

11. Rental agreement of place of business if any

12. NOC from owner of registered office premises

WHAT ARE THE BENEFITS OF PRIVATE LIMITED COMPANY REGISTRATION IN CHENNAI?

We all know company name registration is the first step in starting a private limited company. All the entrepreneur has to do is to give at least 3 choices of company names and business objects. Company registration experts at Filingpoint.com can help you choosing company names.

They have perpetual succession. There is continuity of company’s existence even in case of change of directors due to varied reasons like death, insolvency, transfer of stock etc.

  • Limited liability protection for directors or members.
  • Separate legal entity.
  • Ease of funding options from investors and venture capitalists etc.
  • Hire and attract talented professionals by offering Employee stock option.
  • Restricted transfer of shares that decreases the risk of hostile takeovers.
  • Ease of transfer of ownership.
  • When compared to Public Limited Companies more exemptions are allowed under the new Companies Act, 2013 to a Private Limited Companies.
  • Easy to register and dissolve.
  • Facilitates growth and expansion.

WHAT ARE THE CONS OF PRIVATE LIMITED COMPANY REGISTRATION IN CHENNAI?

  • Public cannot subscribe towards the shares of private limited company
  • Private limited company cannot accept funds from public
  • The right to transfer of shares are restricted to the share holders or owners

FILING POINT OFFERS PRIVATE LIMITED COMPANY  REGISTRATION IN CHENNAI at an unbelievable price of INR 4499/-. This package consists of  – 2DIN,  2DSC, Incorporation Certificate, PAN ,TAN, MOA,AOA, Opening Bank Account Board Resolution.

For more details drop us a mail or call. We shall be happy to be of your assistance.

5 BIGGEST ADVANTAGES OF COMPANY REGISTRATION

Introduction

You have great business ideas and want to start your new venture or you may want to grow your existing business. You may be thinking whether it is the right time to register a company. Setting up your company is very easy and stress-free. A registered company offers greater legal protection. By registering your business as a company you can operate more effectively with legal compliance.

Here are the 5 Biggest Advantages of Registering Your Company

Limited Personal Liability

First and foremost benefit of doing business by registering as a company is the limited liability conferred upon the company’s directors and shareholders. A sole trader or partner is legally responsible for all business aspects including debts and losses. But a Company is a separate legal entity. The creditors of your business cannot lay claim on your personal assets in the event of losses in the business or business failure. Your liability is limited to the shares owned by you. A company is a sure way to protect your personal assets from your business actions. The Directors or Shareholders are not made bankrupt and have no personal liabilities in the event of business failure.

Enhanced Brand Image and great relationships with your customers and suppliers

Think about the biggest brands in world today: Microsoft, Walmart, Coca-Cola, Google etc. All are registered companies. Registering your business as company enhances your reputation and perception of your business. Accountability is also established with your company structure.

Third parties like customers and suppliers prefer to have business with a company rather than with proprietorship or partnership. Hence registering your business as company is important for any future dealing with third parties. Even larger organization open their business gates only to companies.

 

Raise Big capital

If you register your business as a company, you can easily attract investor and raise money for your business. A company gives you the ability to borrow and incur debt, but more importantly it enables you to sell shares and raise equity capital. Raising money is essential for development and expansion of your business. Investors and banks prefer to lend money to companies than proprietorship or partnership firms. As such a company has better avenues for borrowing funds. It can issue debentures or accept deposits from public too.

Easy to attract quality workforce

With your business registered as a company you can easily attract quality workforce and achieve strategic motivation of employees. You can use flexible and wide range of management designations or ESOP to attract and retain talented workforce in the company. The secret behind the success of any business is the talented workforce.

 

Dual Relationship

In the company form of business you can draw up contract with any of its shareholders/directors. A person can have control of a company and at the same time be in its employment. Thus, a person can be a shareholder, director, creditor and employee of the company at the same time. For eg: He can receive remuneration as a director +  He can receive dividend as a shareholder  +  He can receive lease rent as a lessor  +  He can lend money and earn interest as a creditor  + He can supply goods from his other business as a supplier.

Conclusion

We make your company registration quick and easy. It is a 100% online registration process. We offer range of packages and additional services to help protect your company from the get go.

Ready to Register? Contact Us!

Why you need a private limited

Every entrepreneur must have to spend a great deal of time to choose the suiting business structure. Be it a small, medium or large enterprise, a lot of research is made to see which structure turns out to be the most profitable, the most hassle-free, and the most manageable.

CGST, SGST and IGST

Learn the difference between CGST, SGST and IGST, the way Central and State Government would levy GST. Based on the type of supply, inter-state or intra-state, IGST or CGST and SGST is applied respectively.

Categories GST