In India companies are regulated through Ministry of Corporate Affairs (MCA) under the Companies Act, 2013. There are many compliance and mandatory obligation which has to be fulfilled by a company registered in India. If the compliance are not done on time then heavy penalty can be imposed. The Roc filing is mandatory irrespective of the turnover, whether it is zero or in crore. Whether a single transaction is undertaken or none, annual compliances are mandatory for every registered company.
But you need not to worry about all these things because we are here for you always.
Freedom to choose any business name but make sure that the name is not a trademark of any other company or individual
Easy to start with a minimal registration process
Easy to shut down the company with very less compliances
Partnerships are easy to incorporate and flexible to manage. Unlike corporations and LLPs, you won't have to file formation documents or annual reports with the state
Documents Required
Voter's ID/Passport/Driver's License PAN Card
Passport-sized photographs
Voter's ID/Passport/Driver's License and
Proof of registered office
Any Query ?? Don't hesitate to contact us
We can work on any of the Accounting Software of your choice and deliver you the work on time.
Partners are personally liable for the business, including all debts and liabilities of the other partners
Once partners are engaged in a business, each partner is personally liable for the actions of that business, including the obligations of the other partners. There are no shields against personal liability
The share in a Partnership can be transferred to another partner after obtaining the permission of all the Partners in a Partnership
Taxes for Partnership Firm
A general partnership doesn’t pay any income taxes. Instead, profits and losses flow through to each of the partners, who are responsible to report it on their personal income tax returns.
Annual Compliance Filing means regular compliance done for business in accordance with the Companies Act. 2013. Some essentials like:
• A Board Meeting of the Director(s)
• Annual General Meeting
• Appointing an Auditor
• Annual Registrar of Companies (ROC) filing
• Income Tax Compliance
Late filing – Daily penalty of Rs 100 up to maximum Rs 5 Lac Non-filing – In case of non-filing for three financial years at a row will cause the exclusion of Director
ROC is the officer governed by the MCA.ROC has to ensure that the Private Limited Companies and the LLPs comply with the statutory requirement of the ACT.