Practice Areas
We believe that clients' trust develops only by rendering best services on time every time. So we work towards meeting our commitments both in terms of quality and deadlines & deliverables. For us, there is no limit to hard work and perseverance. To work is our passion and we follow the saying "Ones' competition should be with ones' own self". Hence we analyze our performance on an everyday basis and polish ourselves so that our clients always gets the best out of us.
Private limited company
Overview of Private limited Company Registration in India
Private Limited Company is one of the most popular types of business structures. Here, in this entity, there is a requirement of at least two directors and members. What's the best thing about it is that unlike the other entities, in a Private Limited Company, if there are defaults, the crediting organizations such as banks or creditors can sell only the assets of the company. This means that the director's assets are safe and liability is limited.
Why should you opt for a Private Limited Company?
Private Limited Company is an attractive option for start-ups as it can give them an easy opportunity to raise capital funding and can approach investors hassle-freely.
In this sort of business structure, a company can have up to 15 directors and 50 shareholders.
The good thing present here is that there isn't any need for paid-up capital if the company is being set-up in India.
They are privileged to keep the book of accounts confidential.
Documents required for Private Limited Company Registration
Proposed Name & Nature of Company
Pan Card, Adhar Card , Photo , Mobile No & Mail Id of All Directors
Voter Id/Passport/Driving License of All Directors
Bank Statement of All Directors
Electricity Bill & Rent agreement of Company
Sole Proprietorship
Proprietorship Firm Registration Overview
There are many types of business and proprietorship firm is one popular kind. Proprietorship or sole proprietorship is owned, controlled and managed by one single person. Most often, this sort of structure becomes a defacto choice for those willing to offer services or do merchandise as this comes with numerous benefits and suits best for businesses that work on a small and medium scale.
Groceries are one good example of a Proprietorship firm. Low cost in setting up and minimal compliances are few lucrative features that attract small level investors. It best suits those, who target to put up businesses that are mostly small or unorganized.
Get in touch with us and learn how to register sole proprietorship in india, how sole proprietorship firms operate and run firm registration charges.
There is no specific government registration needed in order to start a sole proprietorship business in India. However, you Can apply for Msme registration, Shop & Establishment License & you do need to open a current account with a bank in the name of the business. if turnover is more than the threesold limit then you can apply for gst Registration in some case u have to take gst registration without crossing threesold too because of your clients because of they expected to Need tax invoice.to start a proprietorship Fees & all compliances are also nominal & easier.
Proprietorship: Benefits of Proprietorship firm Registration in India
Solo Show : In a proprietorship, you are the person who is whole and solely responsible for the business running.
Easy to Start and Close : Registration is quite simple and hence, one may find it easy to complete the formalities.
Low Cost and Taxes : Income tax is not needed for proprietorship up to 3 lakh rupees of income. One of the major drawbacks presents here is the absence of tax deductions that are usually otherwise available with entities such as LLP.
Minimal Compliance : These sorts of firms are acknowledged only because they are registered with the government and for the taxes. An auditor is not necessary and there are many more features that can be added to the list.
Business Name - Your choice : You are privileged to choose any name for your firm until and unless you don't touch the registered trademarks. This also means anyone is free to use your business name till the time you get a trademark registration.
Documents required for Proprietorship Firm registration
Name & Nature of Firm
Pan Card
Adhar Card/Voter ID/DL/Passport
Electricity Bill
Rent Agreement (in case of Rented)
Photo
Mobile No & Email Id
Section 8 Company Registration
Section 8 Company Registration
Section 8 Company is a type of entity that is introduced to support and promote explicitly the domains such as commerce, science, education, art, research, sports, religion, social welfare, environment protection, etc. Companies under this classification need to register according to the Section-8 of Companies Act 2013. The sole objective of these companies is to promote objects and none of the members shall be paid an income or a dividend. They have to act according to the restrictions laid out by the central government and not doing so would attract orders to scrap the company by the government.
Steps to be followed for Section 8 Company Registration
-Make sure that the following basic requirements are met before starting the registration.
-For a Private Limited Co., minimum two directors while for a Private Limited NGO, two shareholders.
-For a Public Limited NGO, a minimum of seven shareholders and for a Public Limited Co, a minimum of three directors.
-Director Identification Number and Digital Signature Certificate are available for all the directors.
-You would need to obtain DIN & DSC and thereafter get the company name registered which happens on the terms that the name is not conflicting with the 'Reserve Unique Name'. Following that, there are forms such as Form INC-12 along with MoA and AoA are sent to avail License and Certificate of Incorporation.
-At Luxe, we provide services that help you in setting up the company exactly according to your requirements and expectations hassle-freely.
What are the benefits of Section 8 Company?
Easy to form
Recognisable as a separate legal entity
No dependence upon any of the member's presence. Business tends to continue even if the owner doesn't exist.
More flexible
Limited liability
Tax benefits when compared to a public company.
Various exemptions and privileges happen to be a result of the Companies Act, 2013.
No compulsion on the use of words 'Section 8' or 'Limited' in the title nor stamp duties.
Documents Required For Section 8 Company Registration
For Shareholders and Directors : PAN Card
For Shareholders and Directors : Aadhar Card
For Shareholders and Directors : Two passport size photos
For Shareholders and Directors : Utility Bills
Required for Registered Office : Rental Agreement (if rented)
Property Papers (if owned)
Utility Bills
NOC from Landlord (if rented)
GST Registration Overview
Goods and Services Tax (GST) is an indirect tax levied in India on the supply of goods and services. It is a comprehensive, multistage, destination based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes. Multi-staged as it is, the GST is imposed at every step in the production process, but is meant to be refunded to all parties in the various stages of production other than the final consumer and as a destination based tax, it is collected from point of consumption and not point of origin like previous taxes.
Goods and services are divided into five different tax slabs for collection of tax - 0%, 5%, 12%, 18% and 28%. However, petroleum products, alcoholic drinks, and electricity are not taxed under GST and instead are taxed separately by the individual state governments, as per the previous tax system. There is a special rate of 0.25% on rough precious and semi-precious stones and 3% on gold. In addition a cess of 22% or other rates on top of 28% GST applies on few items like aerated drinks, luxury cars and tobacco products. Pre-GST, the statutory tax rate for most goods was about 26.5%, Post-GST, most goods are expected to be in the 18% tax range.
As a goods or service provider, if you fail to register for GST, you can incur heavy fines and penalties that can go up to 100% of your owed tax amount. Registering for GST means you can also collect GST from your customers. Thus, in order to avoid any conflict with the law, it is essential that you register for GST.
Documents Required For gst Registration
For Proprietorship Firm
1. Name and Nature of Firm
2. Proprietor’s PAN card
3. Aadhar Card
4. Bank Statement / Cancelled Cheque
5. Photographs
6. Electricity Bill
7. Rent Agreement / NOC
8. Mobile No & E-mail ID
For LLP & Partnership Firm
1. Partnership deed / LLP Certificate
2. Pan Card of Firm
3. Pan Card of Partners
5. Aadhar Card of Partners
6. Photographs of Partners
7. Authorisation Letter
8. Bank Statement / Cancelled Cheque
9. Electricity Bill, Rent Agreement/ NOC
10. Mobile Number and Email ID
For Pvt. Ltd. /Public Ltd./OPC
1. Incorporation Certificate
2. Pan Card of Company
3. Pan Card of Directors
5. Aadhar Card of Directors
6. Photographs of Directors
7. Authorisation Letter
8. Bank Statement / Cancelled Cheque
9. Electricity Bill, Rent Agreement
10. Mobile Number and Email ID
Eligibility Criteria for GST Registration
If You have an annual turnover limit above Rs.20 lakh for your intrastate business
If you own an e-commerce business
If you own an inter-state business
If you are required to pay tax under reverse charge
If you are required to pay tax under Section 9, sub-section (5)
You are a non-resident liable to pay taxes producing taxable supply
How to register for GST
Use your PAN, email ID and mobile number to fill out GST REG-01 and submit the same
Verify your mobile number and email ID with a one-time password after PAN verification
Store the TRN Number sent to your mobile number and email ID after verification is complete
Put in your TRN number and attach supporting documents where required
Fill out the GST REG-03 form BY Loging through TRN no. with all required information & documents
After verification of all information submitted, a certificate of registration will be issued to you within 3 working days
One Person Company (OPC) Registration
One Person Company or OPC, in short, is no different from a Private Limited company except for few facts such as OPC having as least as a single member. This entity type was introduced by the Companies Act, 2013. It gives certain benefits to that sole person like a limited liability.
When and Why OPC becomes a choice for you?
The company in this type of business entity continues to exist irrespective of whatsoever happens except when it is dissolved through the legal process. This is the only kind that provides limited liability to a single promoter in India.
You could be much in the capacity to avail of funding from Banks and NBFCs. Adding to this point, one may be able to easily transfer the company to another's name through a simple procedure. You are ought to get good credibility in the market and are free from various compliances.
If you are an existing director, then you are allowed to open an OPC only on the condition that you don't any already. If you are an employee, you may only have shares and your desire to open one would entirely depend upon the employment agreement.
How to register the OPC?
You need to obtain DSC and DIN for the person who wants to be the director.
Apply for Company name with the Ministry of Corporate Office.
Draft, Sign and file documents such as MOA and AOA.
Fee Payment.
Documents Required For OPC Registration
Owner's PAN Card
Aadhar Card/Voter Identity Card
Utility Bills (e.g. Telephone Bill)
Passport size photograph
NOC from Landlord
Rental Agreement (if rented)
Property Papers (if owned)
Trust Registration
Trust is that kind of entity which is formed by executing a trust deed. Trust needs to be registered under the Indian Trust Act and would be governed by the same. The soul of trust lies in the motto behind its introduction which says to transfer property from owners to the trust and that this is done for lawful purposes.
Steps/Process to register a Trust
To form a trust and register it, the most important thing, Trust Deed has to be drafted. Although this isn't mandatory, it can be enforced by law over time. Trust deed requires a lot of attention as it covers major and minuscule details about the trust. If availing tax exemptions are one of the top priorities, then the trust needs to be registered as an NGO. You would be receiving full knowledge and support through our services at Luxe, once you let us onboard your business registration ship. We know the right process and easy ways to ensure your trust is launched gracefully.
Facts about a Trust
There are two variants in Trust: Public trust which is popularly also known as a charitable trust and the other one is private trust.
Public Trust : In this type of trust, general public avail the benefits of the services offered by the trust.
Private Trust : Here, only a section of people or particular group members entitle to become beneficiaries. A trust deed plays a significant role in trust as it outlines the objectives and goals for which the trust was set up. Although private trust doesn't get much of the government privileges and tax benefits, public trust can enjoy tax exemptions. While there is a lower limit of two members to form a trust, there is no cutoff in the upper bounds.
Documents Required for Trust Registration
Two passport size photos
Trustees’ details
Voter Id/Aadhar Card/Driving License/Passport
Utility Bill such as Water bill or Gas bill
NOC from the landlord if the office is in rented space
Property papers if the office is in owned space
Settlers and witnesses are needed to be physically present at the registration time along with their original ID proofs.