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BUSINESS STARTUP SERVICES
How it Works
Benefits of Registering
What You Get
WHY KUNAL IT SERVICES
2 Lakh +
Years of Startup Expertise
Registrations Every Month
LET'S CLEAR THE DOUBTS
Do I have to physically visit ROC office while setting up company ?No. KUNAL IT SERVICES provides complete online Company Incorporation process. All legal documentation with ROC and visits are done by KUNAL IT SERVICES.
Is Private Limited Incorporation to be renewed every year ?No. Once the company is formed, it will be valid till it is officially closed down by the owners. No renewal or fees is required. However, every year companies have to file very basic returns with ROC office.
What is a DIN ?Director Identification Number (DIN) is a unique identification number required for a person to become a director of a company. DIN is issued by ROC office (Ministry of Corporate Affairs) It is similar to a PAN Card number. DIN is to be mentioned in documents while appointing a person as a director of a company.
What is a DSC ?A digital signature is electronic signature, which is in the form of codes. It is used for signing the electronic forms, filed with ROC for incorporation of Company. Digital Signature cannot be used in physical documents.
What is Company name search ? Why it is important for new company registration ?Company name is very important part in registration of company. The company name is divided into 3 Parts: Keyword (brand name like RELIANCE or AMAZON) Activity word(i.e. showing nature of business like Software or Manufacturing of Textile) Business Type word (i.e. Pvt. Ltd. or LLP). For Incorporation of company, the suggested name should not match with existing companies or trademark.
What is MOA & AOA of company ?MOA means Memorandum of Association and AOA means Articles of Association. These are the byelaws or rules based on which important matters like main business of the company or meetings is decided. These are standard legal documents prepared by Company Secretaries during registration of the Company.
Can we change office address of the company after Incorporation ?Yes, company office address can be changed anytime after incorporation.
What is capital of the Company ?Capital means investment made by shareholders into the company. Authorized capital is an amount up to which company can issue shares. This capital is mentioned during incorporation of the company based on which ROC registration fees and stamp duty is paid. Paid up capital is an actual investment which goes from shareholders into company bank account, against which share certificate is issued by the company.
Do we have to deposit Share Capital in a Bank at the time of Incorporation ?No. After company is registered, it need to open a company bank account and then anytime within two months of incorporation, capital can be deposited into Company bank account.
Does my business have to have some level of turnover to start Private Limited ?This is not true, a Private limited company is one of the mode of doing business, which means it can be started from scratch. For that matter even after incorporating a private limited there is no obligation that the company must have sales or turnover.
Does PF, GST is automatically applicable to Private Limited ?There is no automatic applicability. Provident Fund (PF), GST applicability is same for all types of businesses like sole proprietorship, partnership firms and companies. These laws are applicable only after crossing certain threshold limits.
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