Hi All,
We are a small company providing HR solutions. We need some information on the procedure for registering the company & the expenses involved in it.
Do we need to register as a private limited company ? I need more information on this.
Thanks
From India, Bangalore
We are a small company providing HR solutions. We need some information on the procedure for registering the company & the expenses involved in it.
Do we need to register as a private limited company ? I need more information on this.
Thanks
From India, Bangalore
To start with, You need to register as a proprietor ship concern.
upon registering you need to apply for service tax certificate.
PAN is mandatory too.
You have to approach the Registar of companies & furnish the following docs like PAN,Address proof of the copany like rent agreement, ID proof & passport size photographs.
This cost could vary from 1500 to 2500.
Warm Regards,
Chandra Shekar H.S
Principal Consultant
Foxjobs Pvt Ltd
D - 080 40226333
T - 080 40226300 Ext 333
F - 080 40226302
W - www.foxjobsindia.com
From India, Hyderabad
upon registering you need to apply for service tax certificate.
PAN is mandatory too.
You have to approach the Registar of companies & furnish the following docs like PAN,Address proof of the copany like rent agreement, ID proof & passport size photographs.
This cost could vary from 1500 to 2500.
Warm Regards,
Chandra Shekar H.S
Principal Consultant
Foxjobs Pvt Ltd
D - 080 40226333
T - 080 40226300 Ext 333
F - 080 40226302
W - www.foxjobsindia.com
From India, Hyderabad
Hi,
If you are looking into a long term strategy It is recommended to go for a Pvt Ltd company. Company registration will be taking place in the office of the registrar of company. You can contact the nearest office of the registrar of company. The cost is depends upon the capital you are showing in the Memorandum of article. It is a complicated procedure. Better to contact a auditor/legal advisor
If it is a trial based stuff go for the firm registration like partnership or proprietorship etc. It can be done with help of a chrted accountant.
To get a professional outlook, better to go for an Pvt Ltd stuff
anything else
you can get back to me in
Surian :D
From India, Ernakulam
If you are looking into a long term strategy It is recommended to go for a Pvt Ltd company. Company registration will be taking place in the office of the registrar of company. You can contact the nearest office of the registrar of company. The cost is depends upon the capital you are showing in the Memorandum of article. It is a complicated procedure. Better to contact a auditor/legal advisor
If it is a trial based stuff go for the firm registration like partnership or proprietorship etc. It can be done with help of a chrted accountant.
To get a professional outlook, better to go for an Pvt Ltd stuff
anything else
you can get back to me in
Surian :D
From India, Ernakulam
Hi it i not a complex a ppl say. you can get the complete detail at http://www.mca.gov.in/ it is official site where in u get all the information about legal documentaion and cost involved.
you cane even approach a professional CS who will do all this for a price (unfortunaetly they charge more than the actual expenses at ROC).
as you are just a HR consulting company you can have initial capital as 1Lk the minimum allowed for which the fees will be about 4k-5k.
apart from the above few other expenses like name availability and locking about
if u have directors then u need to get the DIN which is free.
and there will few small expenses totaling to 1k-2k
all the above mentioned details are for a PVT Ltd company for a public limited company the process will same with few aditional documentation and price.
Hope this information will be helpful for you.
Regards
akash
www.inspironit.com
you cane even approach a professional CS who will do all this for a price (unfortunaetly they charge more than the actual expenses at ROC).
as you are just a HR consulting company you can have initial capital as 1Lk the minimum allowed for which the fees will be about 4k-5k.
apart from the above few other expenses like name availability and locking about
if u have directors then u need to get the DIN which is free.
and there will few small expenses totaling to 1k-2k
all the above mentioned details are for a PVT Ltd company for a public limited company the process will same with few aditional documentation and price.
Hope this information will be helpful for you.
Regards
akash
www.inspironit.com
another good site is http://www.doingbusiness.org/Explore...x?economyid=89
Regards
Chandramauli
Wits N Skills HRD Consultants
www.witsnskills.com
From India, Ahmadabad
Regards
Chandramauli
Wits N Skills HRD Consultants
www.witsnskills.com
From India, Ahmadabad
i think u can do as a proprietorship or partnership firm.
but if u wanna register as a limited Co then refer site mca.gov.in.
i recently registered my comapny. this site gives u step by step information.
regards,
chaya
From India, Kochi
but if u wanna register as a limited Co then refer site mca.gov.in.
i recently registered my comapny. this site gives u step by step information.
regards,
chaya
From India, Kochi
Dear All,
Posting an article about starting properietorship firms, partnership firms, private limited and public limited company..read it it's a bible for layman.
warm regards,
Umesh Chaudhary
(welcomeumesh@yahoo.com)
When starting a company, once the company idea is decided, and the company is about to start business, the first thing that needs to be done is, the company has to be registered. After the company is registered with the Govt., then it can start business. The process of registering a company is known as incorporation.
Most of the people reading this article are entrepreneurs. They have decided to start their own business. If you are one of them, we strongly suggest that you read the “How to start a company?” article. That article covers all the basics you need to consider and know before you think about starting the business.
“This” article talks about how you should go about the process of turning your business idea into a registered business. It talks about the various kinds of options available and gives you the information that you will require while making these choices.
If you are starting a business, there are different kinds of legal structures among which you can choose your business to be. These are:
A Sole Proprietorship
A Partnership Firm
A Private & Public Limited Company
You could move directly to the kind of legal structure you are interested in if you know what you want. If you are not sure, we suggest you read though all the structures. This will give you a much better idea about what choices you have.
Note: Even though, forming sole proprietorship and partnership firms are not technically referred to as incorporation, we have explained them too in this article for the benefit of everybody.
Understanding Sole Proprietorships
A sole proprietorship is the most common type of business. There are sole proprietorships everywhere. Small grocery stores, STD booths are mostly proprietorship businesses.
A “Sole Proprietorship” business means that there is only ONE owner. There may be employees or helpers hired under the owner, but there is only one “head” who administors and runs the show.
The definition of a Sole Proprietorship is: A business enterprise exclusively owned, managed and controlled by a single person with all authority, responsibility and risk.
The basic advantage of a sole proprietorship is that since you are the only owner, you are free to run the business just the way you want to run it. Also, in a sole proprietorship you get to keep all the profits.
The biggest disadvantage is that there is “unlimited liability” on the “Sole Owner”.
What is the meaning of unlimited liability?
In the case of “Sole Proprietorship”, the Govt. does not see any difference between the firm and the individual. If you are a plumber named Raju Sharma and you start a plumbing service firm called “Flush” which is a sole proprietorship, the government does not differentiate between “Flush” and “Raju Sharma”
This means that if someone sues “Flush” and “Flush” owes that person a huge sum of money, it is as good as Raju Sharma owes that person a huge sum of money. Raju Sharma's bank accounts, property and even his house may be used to settle the claim.
This is the biggest disadvantage of sole proprietorships. Because of this reason, sole proprietorships are generally started if the business is small and there is “not much risk involved”.
If the concept of unlimited liablity is not clear, dont worry. It shall be cleared when you concider the other kinds of business.
To properly understand the nature of a sole proprietorship, here are a few characteristics of a sole proprietorship explained in detail:
Single Ownership:
A single individual owns the sole proprietorship! That individual owns all the assets and properties of the business. He alone bears all the risk of the business.
No sharing of profit & loss:
The entire profit out of the sole proprietor ship business goes to the sole proprietor. If there is any loss, it is also borne by the sole proprietor alone. Nobody else shares any of the profit and loss of the business.
Low capital:
The capital required by a sole proprietorship is totally arranged
141Posting an article about starting properietorship firms, partnership firms, private limited and public limited company..read it it's a bible for layman.
warm regards,
Umesh Chaudhary
(welcomeumesh@yahoo.com)
When starting a company, once the company idea is decided, and the company is about to start business, the first thing that needs to be done is, the company has to be registered. After the company is registered with the Govt., then it can start business. The process of registering a company is known as incorporation.
Most of the people reading this article are entrepreneurs. They have decided to start their own business. If you are one of them, we strongly suggest that you read the “How to start a company?” article. That article covers all the basics you need to consider and know before you think about starting the business.
“This” article talks about how you should go about the process of turning your business idea into a registered business. It talks about the various kinds of options available and gives you the information that you will require while making these choices.
If you are starting a business, there are different kinds of legal structures among which you can choose your business to be. These are:
A Sole Proprietorship
A Partnership Firm
A Private & Public Limited Company
You could move directly to the kind of legal structure you are interested in if you know what you want. If you are not sure, we suggest you read though all the structures. This will give you a much better idea about what choices you have.
Note: Even though, forming sole proprietorship and partnership firms are not technically referred to as incorporation, we have explained them too in this article for the benefit of everybody.
Understanding Sole Proprietorships
A sole proprietorship is the most common type of business. There are sole proprietorships everywhere. Small grocery stores, STD booths are mostly proprietorship businesses.
A “Sole Proprietorship” business means that there is only ONE owner. There may be employees or helpers hired under the owner, but there is only one “head” who administors and runs the show.
The definition of a Sole Proprietorship is: A business enterprise exclusively owned, managed and controlled by a single person with all authority, responsibility and risk.
The basic advantage of a sole proprietorship is that since you are the only owner, you are free to run the business just the way you want to run it. Also, in a sole proprietorship you get to keep all the profits.
The biggest disadvantage is that there is “unlimited liability” on the “Sole Owner”.
What is the meaning of unlimited liability?
In the case of “Sole Proprietorship”, the Govt. does not see any difference between the firm and the individual. If you are a plumber named Raju Sharma and you start a plumbing service firm called “Flush” which is a sole proprietorship, the government does not differentiate between “Flush” and “Raju Sharma”
This means that if someone sues “Flush” and “Flush” owes that person a huge sum of money, it is as good as Raju Sharma owes that person a huge sum of money. Raju Sharma's bank accounts, property and even his house may be used to settle the claim.
This is the biggest disadvantage of sole proprietorships. Because of this reason, sole proprietorships are generally started if the business is small and there is “not much risk involved”.
If the concept of unlimited liablity is not clear, dont worry. It shall be cleared when you concider the other kinds of business.
To properly understand the nature of a sole proprietorship, here are a few characteristics of a sole proprietorship explained in detail:
Single Ownership:
A single individual owns the sole proprietorship! That individual owns all the assets and properties of the business. He alone bears all the risk of the business.
No sharing of profit & loss:
The entire profit out of the sole proprietor ship business goes to the sole proprietor. If there is any loss, it is also borne by the sole proprietor alone. Nobody else shares any of the profit and loss of the business.
Low capital:
The capital required by a sole proprietorship is totally arranged