Domiyance Finance Consultancy LLP
₹ 2,999/-
Required if the turnover is less than 12 lac in a Financial Year & the business is within the state
₹8,499/-
When turnover is more than 12 Lac & upto 20 Crores for retailer/ 30 Crores for wholesalers
₹ 11,999/-
For all cases where turnover exceeds limits prescribed for state License or involved in export.
Shareholders are the co-owners of the company. They can either be individuals or non-individuals, Indian or foreign in origin. Directors, on the other hand, are responsible for controlling the management of the company and acts as its agent. They are appointed by the Shareholders of the Company. Only individuals can be appointed as directors, whether Indian or foreign in Origin.
The Companies Act caps the limit of shareholders in a Private Limited Company to 200. For counting the said number of shareholders the shareholding by present or ex-employee under ESOP scheme is not counted. The company can have a maximum of 15 directors, however in case more directors are required the same may be increased with the approval of the Registrar of Companies.
Out of all the directors appointed in a Private Limited Company, at least one should be a resident Indian. Under the Companies Act, a director is considered to be a resident Indian if he has resided for more than 120 days in India in the immediately preceding financial year. Prior to the 1st of April 2021, this limit was more than 182 days. However, in a notification dated 1st of February, 2021, the MCA amended the provisions of the Companies Incorporation Rules, to reduce this limit to more than 120 days. This notification, and hence, the altered limit became effective from the 1st of April, 2021.rs are required the same may be increased with the approval of the Registrar of Companies.
The name of a company is the perfect way to communicate its brand to the general public. So, the name must not only be unique, but must also ideally communicate the business activity of the company. or the industry that it belongs to very aptly. Moreover, there are several significant laws like the Companies Act, the Trademark Act, and the Names & Emblems Act that prescribe certain guidelines for naming a Private Limited Company. Precisely, the name must not be identical or closely resemble the name of an existing company / LLP / a Trademark. More importantly, it must not be misleading and, therefore, must not contain words that show the patronage of the Government.
A Private Limited Company must be incorporated or registered with a valid office address. This is the address where all the correspondence and official communications for the company shall be addressed. Moreover, the company will have to maintain all its statutory documents, records and registers and this address only. The premises where the registered office is located can be rented or self-owned. It must be a fully-constructed and lockable premise on residential or commercial land.
Liability of Shareholders is limited only to the capital they have subscribed to.
Investors find it attractive for funding because of the availability of public records at ROC.
Legal credibility and high growth potential makes a company preferable for funding
Incorporation is 100% online and easy to process and can be completed in a few days.
Companies enjoy favourable tax rates in comparison to other forms of business.
The company exists beyond the life of its shareholder until it is wound up.
The applicant of a food registration could be a proprietorship firm or any other entity like Private Limited Company, LLP, Partnership Firm, Trust/Society etc. The documentation will vary as per the type of applicant, kindly select the appropriate application type to display the List of documents required.
A Food Registration, once granted, shall be valid for a period of 1 to 5 years as chosen by the Food Business Operator unless suspended or cancelled by the Licencing Authority. The period of validity is counted from the date of issue of the food registration certificate. It can be renewed for a further period, a maximum of five years, at one time not later than 30 days before the expiry of the validity of the registration certificate. There is no late fee in the renewal of registration as per the FSSAI notification dated 10th June 2014.
All the FBO, irrespective of their scale of operation, kind of food business including home-based kitchens manufacturing food and bakery products whose annual turnover is less than 12 lacs is required to take food registration before the commencement of food business. If the FBO is not registered, a fine up to Rs 5 lacs and imprisonment of 6 months could be imposed depending upon the offences committed by it. The punishment or penalty will vary depending upon the scale of operation and the nature of offences. The offences and the fine prescribed is as under
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Shops & Establishment Act (With Labour Department)
Deposit of Professional Tax (Applicable in some states)
Stamp Duty Payment on Share Certificate
Registration under Labour Welfare Fund (LWF)
Within 30 Days of Incorporation
Within 30 days of Incorporation
Within 30 days of Incorporation
Varies from State to State
Within 30 Days of Certificate Issue