ROC Filing Services

Who Are Eligible For GST Registration in India Any entity making taxable supplies must get registered under GST irrespective of whether the turnover is in the range of Rs 40 lakh or Rs 20 lakh (for special category states). A business can either apply for its GSTIN online through a dedicated portal or can seek professional help from an authorised chartered accountant or GST practitioner. Once the application is submitted, a unique Application Reference Number (ARN) gets generated on the Good and Services Tax common portal. The ARN helps in tracking the application status like verified, awaiting for verification, validated against error etc. Once the application is found to be correct, a GSTIN gets allocated to the applicant. This unique 15-digit GSTIN serves as the taxpayer identification number of the business entity. The GSTIN must be displayed at all places of business including the primary place of business and any additional business locations. A business w...

What Are the Compliance Required for OPC Private Limited Company A One Person Company (OPC) is a business entity that is registered with the Ministry of Corporate Affairs. Similar to a Private Limited Company, OPCs have several annual and event-based compliances that are obligatory for them to follow. Failing to comply with these regulations can attract hefty penalties and fees for the business. Every year, all One Person Companies need to submit their financial statements like Balance Sheet and Statement of Profit & Loss in the form of AOC-04. This helps in identifying the current position of the company and allows it to make informed decisions about its future. In addition, all OPCs are obligated to submit their Directors Report and Auditors Report at the time of holding the AGM. These reports disclose the details of the company's performance, finances and directors. Moreover, all OPCs are mandated to file their Income Tax Returns (ITR) within the sti...

How to Register a Trading Company in India The article covers how to register a Trading company in India, the steps, the documents and everything in-between. It is a great guide for those wanting to start their own Trading business in the country. A Trading company in India is a type of business entity which carries out wholesaling, retailing, importing, and exporting products. This type of business allows a company to take advantage of lower manufacturing and supplier costs by leveraging the global supply chain and international market. To register a trading company, the directors of a prospective business must first submit their application to the Registrar of Companies (ROC) with the following documents: After the company has been approved by the ROC, it is then required to register with tax authorities and other government agencies, including the regional Sales Tax Department, the Export Import Credit Guarantee Corporation, and the Ministry of Commerce...

What Are the Procedures for Formation of LLP in India Unlike a private limited company, a Limited Liability Partnership requires the least capital contribution to establish itself. The partners can contribute in cash or by way of movable and immovable property. The LLP can be owned by any number of persons or companies and it may purchase any type of property. In addition, it has less compliance burden as compared to private companies. To start a Limited Liability Partnership , you need to have at least two Designated Partners who can be individuals or corporate bodies. If the applicant is a body corporate, it must submit a duly certified resolution on its letterhead indicating its consent to become a partner in the proposed LLP along with its PAN card and DSC. A DSC with validity of 2 years must be procured for each and every person seeking to become a Designated Partner. The next step is to file Form FiLLiP online with the Registrar of Companies overseeing your state. The...

Why is IT Filing Mandatory in India The government requires that anyone who earns more than a certain amount of income file an income tax return by a predetermined date. Failure to do so will result in penalties from the income tax department. However, those who earn less than a certain amount can still voluntarily file their returns. Filing taxes is a good practice for individuals and businesses as it gives them a clear picture of their total earnings. It also helps them claim refunds of taxes that have been deducted from their income. Additionally, income tax returns are used as verification documents when applying for visas or loans. The new tax regime has widened the scope of taxpayers who need to file their returns. Now, individuals, Hindu undivided families and partnerships earning income from a deposit of more than Rs 1 crore in a bank or incurring personal travel expenses of more than Rs 2 lakh have to file their returns. Additionally, if any individual...

What Are the Documents Required for Company Registration in India   Starting a new business is an exciting prospect. However, to ensure your venture is a success, it's important to understand the process of getting your business started. This includes planning, preparing, registering, launching and establishing your business.  For any individual who wants to register a private limited company, they need to have a DIN (Director Identification Number). It is an identity proof which can be obtained from the government website. Once you have the DIN, you can sign all forms and other documents that are required to be filed under the  Ministry Corporate Affairs   portal. A  Company registration is a crucial first step in the process, and this article will examine some of the documents that are required to register your business. Documents Required for Company Incorporation Documents for Company 1. Electricity Bill with Address 2. Business Objective ...

How to Register Private Limited Company Online in India How to register Private Limited Company Online in India: The most popular business structure in the country, a private limited company offers limited liability protection for shareholders. This means the personal assets of individual members are not at risk in case of a default by the company. This type of company is well suited to businesses that plan on raising capital from investors. During the process of PrivateLimited Company Registration , the applicants will need to choose a name for their new company that is unique and does not have close resemblance with any other registered names. In addition, the company must have a clear description of the activities to be carried out. It is also important to note that the company must have a permanent address for its registered office in India. Once the company name and other essential details have been submitted, the Registrar of Companies will review the docu...

How to Register Annual Filing in India After conducting your company's annual general meeting (AGM), you must prepare a set of documents for filing with the Ministry of Corporate Affairs or Registrar of Companies depending on your entity type. This includes the company's balance sheet, a statement of accounts, information regarding the management, details of transfers and more. The documents must be filed within a particular duration counting from the date of your AGM. The documents can be submitted online through the MCA21 portal at your convenience from the comfort of your office or home, but you can also get help from certified filing centres for a fee. The ROC annual filing process is a mandatory requirement for all entities registered in India, including private limited, limited and one person companies, as well as Section 8 Companies. The process involves a number of forms and documents, as well as important deadlines that you need to keep in mind. In...

How to Register a Company in India How to Register a Company in India is a question often asked by business owners who wish to explore the Indian market. With India having a large, built-in population and an ever-growing potential market, it's important to know the correct way to register a company in order to take advantage of this opportunity. The process of registering a company has completely shifted online, making it more user-friendly and flawless. Before you begin the registration process , it's important to have all of your business materials gathered together. This includes a valid DSC (Digital Signature Certificate), a DIN (Director Identification Number), and a bank account. You'll also need to pay the registration and filing fees. These can be paid online through the MCA portal. Once you have all of the necessary documents in place, it's time to begin preparing your application for company registration in India. First, you'll n...