GST Compliant Private Limited Company ( PLC ) Registration

Simplified Proforma for Incorporating Company electronically (SPICe) is a fast track registration procedure initiated by Ministry of Corporate Affairs which enables a single form application process of company registration.

The normal registration route can take up to thirty days but if SPICe is followed the whole process can be closed within 7 days.

ClearTax aims at rendering premium services and delivering it in a speedy manner. The incorporation services shall be delivered following the SPICe route.

Only the below stated entities qualify as a “Startup” for the purpose of Government schemes

• Private Limited Company
• Registered Partnership Firm
• Limited Liability Partnership Further conditions are:
• Not more than 5 years have passed from the date of its incorporation/ registration
• Turnover for any of the financial years has not exceeded INR 25 crore
• It is working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property

Our experts shall guide you on how you can get registered under the Startup India Initiative and avail the benefits.

Apart from getting your GST registration, you must also consider protecting your brand by registering the trademark for your brand. Also, if you are building any proprietary software or any other intellectual property, you must secure a copyright. Our experts can assist you with trademark and copyright registration

• The capital structure of a private limited company can easily accommodate equity funding. So Venture Capitalists prefer pvt. Ltd. over any other structure
• Being a regulations compliant entity, it becomes easy to attract capital infusion from financial institutions like banks, NBFCs etc.

No, your physical presence is not required during the process.

Yes, Stamp duty charges are imposed by the state in which the registered office is proposed to be located. The charges are on MOA, AOA & form INC 32. These charges are covered under the plan for all the states except Punjab & Madhya Pradesh. Our experts will guide you on additional charges if any for Punjab & Madhya Pradesh.

The registration process gets completed when you get a certificate of incorporation(COI) issued by the registrar. The application can processed within 7 working days.

In case, you already have a DSC and DIN, our experts will offer you some concession accordingly on the above package.

Below are the charges applicable for DIN and other government forms:

• DIN (2 Nos): Rs.1000
• RUN Form: Rs.1000
• AoA: Rs.1000 (up to Rs.10 lakh of authorized capital)
• MoA: Rs.1000

Below is the stamp duty payable, depends on the state you incorporate and your authorized share capital up to Rs. 10 Lakh: These are the charges in Karnataka:

• AoA: Rs.1000
• Moa: Rs.1000
• Form 32: Rs.20

Apart from this, notary charges of Rs.340 will apply for two director affidavits and related stamp duty.

Yes, an NRI or any foriegn national can become a director in a private limited company. But such person can be taken as a director only when there is one director who is a Resident of India. Additional documents required:

• Copy of Passport Copy Which is attested by Consulate of Indian Embassy or Foreign Public Notary.
• Copy of Driving License/ Bank Statement or Electricity Bills copy or Any Property Tax Payment Receipt which is attested by Consulate of Indian Embassy or Foreign Public Notary.

RBI approval is required for foreign capital contribution. Additional charges will be applicable for RBI approval. Our experts will advise you on the applicable charges.

In the current package, we cover upto 2 digital signatures for two directors. For two additional shareholders, you need to secure two additional digital signatures certificates. We offer digital signature certificate - Click hereto purchase digital signature

To bring in additional director, you need to secure digital signature (DSC ).

• Click here to purchase digital signature

Only passport of the foreign director is required. In some countries, residency certificate will be provided. These need to be submitted for the application. Any incidental charges here is not covered in the package.

To bring in additional director, you need to secure two digital signatures (DSC)

• Click here to purchase digital signature

If the individual is residing outside India at the time of the application, then he or she needs to get the PAN, Aadhaar, current address (in the country of residence), permanent address attested by Indian embassy in that country. Any incidental charges here is not covered in the package.

Goods and Services Tax(GST) is a comprehensive tax levied on manufacture, trade and services across India. From 1st July, 2017 GST has replaced most of Centre and State imposed indirect taxes like VAT, Service Tax , Excise etc. Goods and Services Tax Identification Number (GSTIN) is a 15 digits state-wise PAN-based number to be used to identify businesses registered under GST. Click here to know your GSTIN.

GST regulations are applicable if your annual turnover is Rs. 20 lakh or above. In case of North Eastern states (Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura) and hilly regions i.e. Himachal Pradesh, Uttarakhand,Jammu & Kashmir and Sikkim, the threshold limit is Rs. 10 lakh.

The registration is mandatory on crossing the limit of Rs.19,00,000 in previous financial year( for special category states it is Rs. 9,00,000).

Note: If you are selling your goods through online platforms like amazon, Flipkart etc, GST registration is mandatory.

GST registration is mandatory for all businesses selling their product or rendering services through e-commerce operators like Amazon, Flipkart, Ola etc

You will need to have exactly the same details on all your documents to incorporate your company.

Due to the increasing enthusiasm among too many entrepreneurs who wish to incorporate their companies, the MCA has made stringent rules to approve the company name and issue the certificate of incorporation. Further, due to excessive demand, the PAN and TAN applications are also increasing and thus it is understood that this processing will take time too. So, we could take a range between 20-25 working days to complete the company incorporation process and receive the certificate of incorporation.