
	Home Services Income Tax Services GST Services MSME Registration Business Formation ROC Filing Taxation Consultancy Corporate Finance Accounts Outsourcing Audit and Assurance Due Diligence Company Law Matters Knowledge Bank Calculators GST Calculator Tax Calculator TDS Calculator Calculate Net Profit Calculate Net Worth Effective Capital HRA NSC EMI Auto Loan Calculator Home Loan Calculator Get No. Of Installment RERA Calculator Developers Calculator Home Buyer Delay Interest Home Buyer Refund SIP CALCULATOR Lumpsum CALCULATOR Bulletins RBI SEBI Notification Circular Income Tax Service Tax Central Sales Tax Excise Matters Customs Company Law Labour Laws FEMA The LLP Act 2008 Accounting Standard (INDAS) Others GST VAT Delhi VAT Maharastra VAT Gujarat VAT Telangana VAT Tamil Nadu VAT IGST UTGST Compensation Cess IBC Regulation Utilities Income Tax Bill 2025 IT Act Vs IT Bill 2025 IT Bill 2025 faqs income tax bill faqs income tax bill general Rates of TDS TDS Rates for N.R.I us 195 Rates of Income Tax Depreciation Rates Companies Act Depreciation Rates Income Tax Act ROC Filing Fees (Cos Act, 2013) ROC Fee Structure (Cos Act, 2013) Cost Inflation Index IFSC Codes MICR Codes Rates of NSC Interest Gold and Silver Rates Rates of Stamp Duty LLP Fees National Industries Classification HSN Rate List Deduction u/s 80TTA Vs 80TTB Links Quick Links Important Links GST/VAT Links Ease Of Doing Business Acts Direct Tax Income Tax Act Wealth Tax Act Income Declaration Scheme 2016 Direct Tax Vivad Se Vishwas Scheme Indirect Tax Service Tax(Finance Act, 1994) Central Sales Tax Act, 1956 The Central Excise Act, 1944 Customs Act, 1962 Entry Tax Act Corporate Laws Companies Act, 2013 Companies Act, 1956 LLP ACT SEBI Act, 1992 Company Secretaries Act, 1980 VAT Laws Delhi Value Added Tax Act, 2004 MVAT Act, 2002 West Bengal VAT Act, 2003 Tamilnadu VAT ACT, 2006 Karnataka Value Added Tax Act, 2003 Gujarat Value Added Tax Act, 2003 UP VAT Act, 2008 Rajasthan Value Added Tax Act, 2003 Punjab Value Added Tax Act Haryana Value Added Tax Act Telangana VAT Act 2005 Andhra Pradesh VAT Act, 2005 Bihar Value Added Tax Act, 2005 Other Statutes ESI Act, 1948 PF Act, 1952 Profession Tax Act The Indian Partnership Act, 1932 Societies Registration Act, 1860 Competition Act, 2002 Reserve Bank of India Act, 1934 MRTP Act, 1969 Equalisation Levy Act, 2016 Right To Information Act, 2005 FEMA, 1999 Maharashtra RERA RERA, 2016 Insolvency & Bankruptcy Code, 2016 Benami Property Act 1988 GST Laws IGST Act , 2017 CGST Tax Act, 2017 UTGST Act, 2017 GST (Compensation to States) Act Rules Direct Tax Rules Income Tax Rules Wealth Tax Rules 1957 Income Declaration Scheme Rules 2016 Indirect Tax Rules GST Valuation Rules , 2016 Service Tax Rules CST (Delhi) Rules, 2005 CST (Maharashtra) Rules Customs Valuation Rules Cenvat Credit Rules, 2017 Entry Tax Rules Corporate Laws Rules Companies Rules, 2014 LLP Rules, 2009 LLP Winding up Rules, 2012 Cos Unpaid Dividend Rules, 1978 VAT Laws Rules Delhi VAT Rules, 2005 Maharashtra VAT Rules, 2005 West Bengal VAT Rules, 2005 Tamilnadu VAT Rules, 2007 Karnataka VAT Rules, 2005 Gujarat VAT Rules, 2006 Uttar Pradesh VAT Rules, 2008 Rajasthan VAT Rules, 2006 Punjab VAT Rules Haryana VAT Rules, 2003 Telangana VAT Rules 2005 Andhra Pradesh VAT Rules, 2005 Bihar Value Added Tax Rules, 2005 Other Statutes Profession Tax Rules NBFC Deposits Directions, 1998 NBFC & Misc NBC (Advt) Rules, 1977 NBFC Auditor Report Directions, 2008 Delhi Labour Welfare Fund Rules, 1997 Cost records and audit Rules, 2014 Baggage Rules, 2016 Equalisation Levy Rules, 2016 NCLT And NCLAT Rules Insolvency & Bankruptcy Rules Benami Property Rules, 2016 GST Rules CGST Rules, 2017 IGST Rules 2017 Forms Income Tax Forms ROC Forms (Cos Act, 2013) ROC Forms (Cos Act, 1956) Income Declaration Forms Wealth Tax Forms Service Tax Forms Companies Unpaid Dividend Forms NBFCs Forms LLP Winding up FEMA Forms LLP Forms CGST Forms GST Forms Accounts and Records Advance Ruling Appeals and Revision Assessment and Audit Composition Demands and Recovery Input Tax Credit Inspection, Search and Seizure Offences and Penalties Payment of Tax Refund Registration Returns Transitional Provisions Value of Supply Query Careers Admin Login Email Login Time Sheet Contact Us

Business Formation

Company Formation

Company formation in India involves registering a business as a separate legal entity under the Companies Act, 2013. The process typically applies to private limited companies, public limited companies, or one-person companies. Key steps include:

Digital Signature Certificate (DSC):All directors and shareholders must obtain DSCs for electronic document submission
Director Identification Number (DIN):Prospective directors must secure a DIN.
Name Reservation:File the SPICe+ Part A form to propose and reserve a unique company name.
Incorporation Documents:Submit the SPICe+ Part B form with details such as capital structure, registered office address, and director information. Draft and file the Memorandum of Association (MOA) and Articles of Association (AOA).
Government Approvals:Obtain approvals from the Ministry of Corporate Affairs (MCA).
Certificate of Incorporation:Once approved, the Registrar of Companies (ROC) issues this certificate, confirming the company's legal status.
Benefits include limited liability protection, enhanced credibility, and access to funding. The process takes approximately 7-10 working days depending on compliance with regulations.

Partnership Formation

A partnership firm is governed by the Indian Partnership Act, 1932. It is formed when two or more individuals agree to share profits and responsibilities. Steps include:

Drafting a Partnership Deed:This document outlines the terms of the partnership, including partner roles, profit-sharing ratios, and business operations.
Optional Registration:While registration is not mandatory, it is recommended for legal benefits such as the ability to sue third parties.
Application Submission:File an application with the Registrar of Firms along with identity proofs, address proofs, and the partnership deed.
Certificate of Registration:Upon verification, the Registrar issues this certificate.
Partnership firms are easy to establish with minimal compliance requirements. However, unregistered firms face limitations like restricted legal recourse against third parties

LLP Formation

Limited Liability Partnerships (LLPs) combine features of partnerships and companies. Governed by the LLP Act, 2008, LLPs provide limited liability to partners. Steps include:

Digital Signature Certificate (DSC):All designated partners must acquire DSCs for online filings.
Designated Partner Identification Number (DPIN):Partners must obtain DPINs for identification.
Name Reservation:Propose a unique name through the MCA's RUN service.
Filing Incorporation Form :Submit details about partners, capital contribution, and registered office.
LLP Agreement:Draft and file an agreement outlining partner roles and operational terms within 30 days of incorporation.
Certificate of Incorporation:Issued by the ROC upon approval.
LLPs offer operational flexibility and limited liability while requiring compliance with fewer regulations compared to companies

322827 Times Visited