Guide to Setup A Business LimitedCompany LimitedLiabilityPartnership

CompaniesInnBusinessSetupServices ..........................4OfflineandOnlineregistration

BusinessOrganisations:AnIntroduction ..........................6IncorporatedStructuresBenefitsofincorporatedbusinessstructures

CompanyformofBusiness ...............................................8PrivateLimitedCompanyPublicLimitedCompanyCompanyRegistrationConceptoflimitedliabilityManagementandadministrationofaCompanyCompliancerequirementsforacompany

Table of Contents

LLPformofBusiness.........................................................14LLPRegistrationManagementandadministrationofanLLPCompliancerequirementsforanLLPWhyLLPisamoreattractivestructuretodoBusiness?

OtherregistrationsrequiredforCompany/LLP.....................18

Accounts&Audit.................................................................20

Taxation..............................................................................22

WhychooseCompaniesinn.comtoformyourcompany/LLP?.....24

01CompaniesInn has dedicated team of professionals with vast experience in the field ofbusiness incorporation in India. Our onestop solution brings together all the externalrequirements and services required in the incorporationprocessunderone roof.We canhelpyoutoincorporateyourcompanyorLLPorconvertanexistingbusinessintoLLPfromthecomfortofyourhomeoroffice.

Ourregistrationprocesshasalreadyhelpedmanycustomersinachievingquickerturnaroundtimes in incorporating their businesswithout losingquality and that tooat anaffordableprice. Use of standardized processes and information technology enables us to offer theincorporationserviceatafeemuchbelowtheusualmarketrates.Fordetailedinformationonourservicecharges(inclusiveofGovernmentFees),pleasevisitwww.companiesinn.com.

CompaniesInn Business Setup Services

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Offline and Online registration

If youprefer facetoface interaction in the registrationprocess,wehaveoffices inmajorcitiesalloverIndiaasdetailedonthebackcoverpage.Elseyoucanavailourservicesthroughphoneortheinternetfromthecomfortofyourhomeoroffice.

Foronlineincorporation,visitourwebsitewww.companiesinn.com.FillintheparticularsabouttheCompany/LLPyouwanttoregisterandproceedtoplacetheorder.Thewellexplainedstepswillhelpyoucompleteyourorderinlessthan5minutes.

Forofflineregistration,fillthequestionnairegivenalongwiththisbookletanddeliverthesameatanyofouroffices.

Ourdedicatedprofessionalswill completeall the formalities to get yourCompanyor LLPregisteredanywhereinIndia.ApartfromincorporationwecanalsogetyourLLPagreementcustomizedatanaffordableadditionalcharge.WecanalsohelpyoutoobtainyourbusinessTaxNumbers(PAN&TAN)andotherCentralandStateGovernmentregistrations,tocomplywiththevariouslawsgoverningbusinessestablishmentsinIndia.

ThisGuidedevelopedbyourresearchteamistohelpyoutodecidewhethertheCompanyorLLPstructureistherightformforyourbusiness.ThisguidewillhelpyoutounderstandthebenefitsofCompanyorLLPstructure,themajordifferencesbetweenCompanies,LLPsandotherbusinessstructures,thetaxbenefitsandthebasicrequirementsandcompliancerequirementsofacompanyorLLPbeforeandafteritsincorporation.

Formoredetailsyoucanalwayswritetousatinfo@companiesinn.comorcontactanyoftheCompaniesInnofficesmentionedonthebackcover.

Businessisalegalorganisationdesignedtoprovidegoodsorservicesinexchangeofmoney.InIndia,wehaveseveralbusinessorganisationssuchasCompany,LimitedLiabilityPartnership(LLP),PartnershipFirmandSoleProprietorship.Basicallytheseorganisationsareclassifiedinto incorporated and unincorporated structures. Company and LLP are the incorporatedbusinessorganisationsandPartnershipFirmandSoleProprietorshiparetheunincorporatedstructures.

Till 2009, the only limited liability business organisation available under law in IndiawastheLimitedCompany. Inorder togive small andmediumenterprisesgreaterflexibility inincorporatingtheirbusinesses,theGovernmentofIndiahasintroducedanewlawfortheregistrationofLimitedLiabilityPartnershipsinIndia.

Business Organisations: An Introduction02

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Incorporated Structures or Limited Liability Business Organisations

Organisationsregisteredunderlawandwhosemembersenjoylimitedliabilityprotectiontotheextentoftheircontribution;areverypopularformsfordoingbusiness,allovertheworld.Asthedocumentsof incorporationandannualreturnsofthesebusinessentitiesarekeptinthepublicdomain,theoutsidersdealingwiththeseorganisationsarealsoabletoknowabouttheownersandtheircapitalcontributionbeforeenteringintoatransaction.

BenefitsofIncorporatedBusinessStructures

Allovertheworld, incorporatedbusinessorganisationsarepopularstructuresforcarryingoutbusinessactivities.Themainbenefitsofthesestructuresaregivenbelow

PersonalAssetsProtectionLiabilitiesofownersofincorporatedbusinessorganisationsarelimitedtotheiragreedcontribution.ItmeansashareholderofaCompanyorapartnerinanLLPonlyneedtocontributehisagreedshare.Afterhecontributeshisshare,heisnotliabletocontributeadditionalamountevenifthecompanyorLLPcreatesfurtherliabilityinitsname.

PerpetualSuccessionAnincorporatedbusinesscontinuesirrespectiveofchangeinitsowners.Itisbecause,asperthelawanincorporatedbusinessisalegalpersondistinctfromitsowners.Sochangeintheownerswillnotaffecttheexistenceofanincorporatedbusiness.Thisisnotthecaseforapartnershiporsoleproprietorship.Ifapartnerresignsordies,itistheendofthepartnershipfirm.Sameisthecaseofasoleproprietorshipfirm.

Credibility&AcceptanceSinceinformationabouttheowners,theregisteredofficeandcapitalcontributionetcareavailabletopublicverification;incorporatedbusinessesaremoreacceptabletogeneralpublicandprospectivetradepartners.

NameProtectionAn incorporated business is registeredwith a name and the same namewill not beavailableforregistrationforanyotherfirm.

InvestmentandLoanavailabilityInvestorsalwayspreferanincorporatedbusinessasthesameisregulatedunderalaw.Itsbusinessscopeandfinancialinformationetcareavailableforverificationatanytime.

03 Company Form of BusinessCompanyisanincorporatedbusinessformwiththeliabilityofitsshareholderslimitedtotheamountoftheircontributiontothesharecapital.ACompanyismanagedbytheBoardofDirectorselectedbytheshareholders.InIndiawehavetwotypesofcompanies;i.e.PrivateLimitedandPublicLimitedCompany.Acompanyisaseparatepersonunderlawandcanholdassetsinitsname,cansueandcanbesuedbyothers.

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PrivateLimitedCompany

ThemainfeaturesofaPrivateLimitedCompanyare; Minimumnumberofshareholdersrequiredforformationare2withmaximumbeing50 APrivatecompanyrequiresminimum2directors PrivateCompanycanrestrictthetransferofshares PrivateCompany cannot takedeposits frompublic andneither can it issue shares to

public Manyof the restrictiveprovisionsof theCompaniesActarenotapplicable toprivate

companies NameofaprivatecompanyshouldendwithPrivateLimited TheminimumcapitalrequiredforformationisRs.1Lac

PublicLimitedCompany

Usually public companies are big companieswithmany shareholders or owned by otherpublic companies. These companies are formed for pooling large resources from public,banksandotherfinancialinstitutions.Themainfeaturesofpubliccompaniesare; MinimumnumbersofshareholdersrequiredtoformaPubliccompanyare7.Thereare

norestrictionsonthemaximumlimit. Apubliccompanyrequiresminimum3directors AllprovisionsoftheCompaniesActareapplicabletothesecompanies MinimumcapitalrequiredfortheformationofapubliccompanyisRs.5Lacs Apubliccompanycan issuesharesaftercomplyingwiththerequirementssetbySEBI

(SecuritiesandExchangeBoardofIndia)

CompanyRegistration

Anytwopersons (in thecaseofprivatecompany)orsevenpersons (in thecaseofpubliccompany);bysubscribingtotheMemorandumofAssociationcanformaCompany.TheyalsoneedtocomplywithvariousprovisionsoftheCompaniesActforsuccessfulincorporation.Theprocessofcompanyincorporationisasgivenbelow, ObtainDIN(DirectorsIdentificationNumber)fromMinistryofCorporateAffairs ApplyforanameforthecompanyandgetitallottedfromtheRegistrarofCompanies

(RoC) PreparetheMemorandum&ArticlesofAssociationoftheproposedcompany ApplyforincorporationwiththeRoCwiththedulystampedMemorandum&Articlesand

otherforms RepresentbeforetheRegistrarforcorrectioninthedocumentsifrequired. Ifalldocumentsareinorder,theRegistrarregistersthesedocumentsinhisrecordsand

issuetheCertificateofIncorporation.

ConceptofLimitedLiability

The concept of Limited Liability is oftenmisinterpreted. Limited liability means that thepersonal financial liability is limited to theextentof afixedamount thatonehas agreedtoinvestinacompanyoralimitedliabilitypartnership.Inotherwords,theinvestorisnotpersonally liable for thebusinessdebts and liabilitiesof the LimitedCompanyor LimitedLiabilityPartnership.Intheunfortunateeventofwindingupofthebusiness,theinvestorsliabilityislimitedtotheunpaidamountofagreedcontributionbysharesorotherwise.Onthecontrary,theliabilityofsoleproprietorsandpartnersingeneralpartnershipareunlimitedandeventheirpersonalassetsareexposedtopayoffthebusinessdebtsandotherbusinessliabilities.

The Directors run the day to day business of a Company and are liable to comply withthevariousrequirementsspecifiedunder law. InthecaseofanLLP,DesignatedPartner isresponsibleforthelegalcompliances.DirectorsandDesignatedPartnersarepersonallyheldresponsibleincaseofanynoncompliance.

UsuallyinasmallCompany,theshareholdersaretheDirectorsandinanLLP,thePartnersbecomedesignatedpartners.IntheirroleasaDirectororDesignatedpartner,theirliabilityisunlimited,astheyareexposedtopenalprovisionsunderthelawforthenoncomplianceofrespectiveregulations.

ManagementandAdministrationofaCompany

A company is managed and administrated by its Board of Directors appointed by theshareholders. Their powers, duties and responsibilities are guided by the provisions oftheCompaniesActand theMemorandumandArticleofAssociationexecutedduring theincorporation.

Howdirectorsfunctioninacompany?Directors are collectively called theBoard.Allmajordecisionsof a companyare takenatthemeetingoftheBoardofDirectors.AsperCompanylawminimumofonemeetingoftheBoardneedtobeconvenedineveryquarterandtheproceedingsofthemeetingneedtoberecordedintheminutebook.Boardcanalsodelegatemanyofitspowerstoindividualdirectorsandemployeesthroughproperresolutions.

Whatarethepowersofshareholders?Inacompany,thepowersofshareholdersarelimited.Theyhavethepowertoappointorremovedirectors.Theycanalsovoteonsomeofthepolicydecisionsneedingtheirapproval,aspertheArticlesofAssociationortheCompanyLaw.Shareholderstakealldecisionattheirmeeting,andeverycompanyisrequiredbylawtoholdanAnnualGeneralMeeting(AGM)everyyear. If foundnecessary theboardcanalsocall forExtraOrdinaryGeneralMeeting(EGM)assomepolicydecisionsregardingtherunningofacompanycanonlybetakenbytheshareholders.

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CompliancerequirementsforaCompany

ThemanagementofacompanyisvestedwiththeBoardofDirectors.TheBoardofDirectorsmanagesthedaytodayaffairsofthecompanysubjecttotheprovisionsoftheCompaniesActandaspertheMemorandumandArticlesofAssociation.Thedecisionsatthemeetingofdirectorsarecarriedbywayofresolutions.Therearecertaindecisionsthatrequiretheapprovalofshareholders.

TheBoardhastomeetleastonceinevery3monthsandatleast4meetingsshallbeheldineveryyear.Everyyear,thecompanyhastoconveneanAnnualGeneralMeeting(AGM)oftheshareholdersforadoptingtheAnnualaccountsandtheAppointmentofauditorsforthefollowingyear.AspertheCompanyLaw,minutesoftheBoardandGeneralMeetingsshouldbekept in thecompanyrecordsandthesameneedtobesignedby theChairmanof themeetings.

EverycompanyhavingapaidupcapitalofRs.5CroreormoreshallappointawholetimeCompanySecretaryandeverycompanyhavingapaidupsharecapitalofRs.10LacstoRs.5CroreshallobtaintheSecretarialComplianceCertificatefromaCompanySecretaryinwholetimepractice.ThesamealsoneedtobefiledwiththeRegistrarofCompanies.

CompliancemechanismunderCompaniesActmandatesfilingofReturns/FormstoRegistrarof Companies (RoC) within prescribed time limits. Compliance related filing of returns /documentswiththeofficeofRoCcanbebroadlyclassifiedintotwocategories;

A.AnnualStatutoryCompliancesB.EventBasedCompliances

AnnualStatutoryCompliances

FilingofAnnualAccounts:EverycompanyhastopreparefinancialaccountsconsistingofBalanceSheetandProfitandLossaccountonayearlybasisand thesamehas tobeplacedbefore theAnnualGeneral Meeting of the company. Copy of the Annual Accounts duly audited by aCharteredAccountanthastobefiledwiththeRegistrarofCompanies.

FilingofAnnualReturn:EveryyearacompanyshallfileareturnwiththeRegistrarofCompanieswithin60daysof AGM containing the particulars such as address of registered office, register of itsmembers, register of its debenture holders, shares and debentures, indebtedness,membersanddebentureholderspastandpresent,anddirectorsandmanagingdirectorspastandpresent.

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EventBasedCompliances

EventBasedCompliancesThefollowingarefewinstancesthatrequireafilingofdocumentswiththeRegistrarofCompanies.

1. ChangeofNameoftheCompany2. IncreaseinAuthorisedCapital/IssueofShares3. Creation/Modification/SatisfactionofChargesontheAssetsofCompany4. ChangeinRegisteredOfficeofthecompany5. StatutoryMeetingofaPublicLimitedCompany6. ResolutionspassedbytheBoard/GeneralMeetingsandAgreementsenteredbythe

company7. AppointmentofDirectors/ManagingDirectorandchangesamongthem

Minutes/Registers/RecordsandCommonSealAcompanyisrequiredtomaintainandpreserveasetofrecordsasrequiredunderCompaniesActasfollows:

1. Statutory Registers such as Register of Members, Register of Directors, Register ofDirectorsShareholding,RegisterofChargesetc.

2. ShareCertificate3. MinutesBook4. CommonSeal

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04 LLP form of Business

Limited Liability Partnership or LLP is a limited liability organisation (body corporate) likeLimited Company. The major difference of it from company is in its management andadministration.LLP ismanaged likeapartnershipfirmbasedonthetermsandconditionsdetailedintheLLPagreement,givingpartnersthefreedomtomanagetheirbusinesswithminimumoutsideinterference.Italsogivesmoreflexibilityasexternalcompliancesarelesscomparedtoacompany.LLPcanbeformedbyindividualsandbodycorporate(Company,LLPorotherlimitedliabilityorganisations).ThoughLLPisanewconceptinIndia,thistypeoforganisationisverypopularallovertheworld.InUSAandMiddleEastcountries,thistypeofbusiness(knownasLLC)staredfunctioningasearlyasyear1977.

LLPRegistration

An LLP can be formed by two persons (natural or legal persons) by subscribing to theincorporation document after complying with other legal requirements. The process ofregistrationisgivenbelow;1. ObtainDirectorIdentificationNumber(DIN)ForEachDesignatedPartners

(MinimumTwo)2. ApplyforanamefortheLLP3. FileExecutedIncorporationDocument4. Ifalldocumentsareinorder,Registrarregistersthesedocumentsinhisrecordsand

issuestheCertificateofIncorporation.5. FinaliseLLPAgreement6. AfterfilingtheotherformsandagreementwiththeRegistrar,theLLPcanstartits

operation.

ManagementandadministrationofLLP

ManagementofanLLPisdonebythepartnerssubjecttoLLPagreement.Unlikecompany,theyhavethefreedomtomanagetheLLPandcandelegatepowerstoanyparticularpartner.ItisadvisableforanLLPtotakealldecisionintheirmeetingorbywrittenconsent.

LLP isa legalentitycreatedby lawand thus isdistinct from itspartners. It is required tokeep a separatebank account for all its business transactions.All payments and receiptsshallbeinthenameoftheLLP.AnLLPneedstokeepproperbooksofaccountsforrecordingbusinesstransactions.Itisalsoadvisabletokeeprecordsofmajorbusinessdecisionstakenbypartners,eitherintheformofminutesorintheformofwrittenconsent.

CompliancerequirementsforLLP

Compliance mechanism under LLP Act mandates to file Returns / Forms to Ministry ofCorporateAffairs(MCA)withinprescribedtimelimits.Compliancerelatedtofilingofreturns/documentscanbebroadlyclassifiedintotwocategories,1. AnnualStatutoryCompliances2. EventBasedCompliances

AnnualStatutoryCompliances

FilingofAnnualReturn:EveryLLPthatisregisteredbeforeSept30thofayearshallfileareturnwiththeRegistrarofLLPwithin60daysofclosureof itsfinancialyearcontainingtheparticularssuchasaddressofregisteredoffice,detailsofpartners,designatedpartnersetc.

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FilingofAnnualAccounts.Every LLPhas tofile a StatementofAccounts and Solvencywith theRegistrar of LLPwithin30daysfromtheendofsixmonthsofthefinancialyear.

EventBasedCompliances

FollowingarethefewinstancesthatrequirefillingofdocumentswiththeregistrarofLLP1. ChangeintheLLPAgreement2. ChangeintheNameoftheLLP3. ChangeinRegisteredofficeaddressoftheLLP4. AdmissionofPartners5. Resignation/DeathetcofPartners

WhyLLPisamoreattractivestructuretodoBusiness?

ThemainbenefitsofLLPformare; Limitedliabilityprotection

LiabilitiesofPartnersInAnLLPislimitedtotheagreedcontribution.IfXisapartnerinXYZLLPandifXagreedtocontributeRs10000intothecapitalofLLP,hisliabilityislimitedtoRs.10000.HeisnotpersonallyresponsiblefortheliabilitiesofXYZLLP.SodoingbusinessthroughLLPstructureprovidessafetytohispersonalassetsastheliabilityofLLPshallnotbeextendedtohispersonalproperties.

Efficienttaxsavingbusinessform:Intheeyesoftaxlaws,LLPisafirmandhencefirmtaxationisapplicabletoLLP.VarioustaxesleviedonaCompanylikeDividendDistributiontaxandsurchargesarenotapplicabletoanLLP.TheprofitaftertaxfromLLPsoperationwillbereflectedinthepersonalincomeofpartners.ItisestimatedthattheapproximatetaxsavingsofanLLPwillbearound17%comparedtothatofacompany.

Management:Incompanies,themanagementisvestedwithitsBoardofDirectors.Theyareresponsiblefortakingthedaytodaydecisionsandmanagementofacompany.Shareholdershavelimitedpowers in theaffairsofa company. In LLP,managementof LLP is vestedwithpartnersunlessspecificallymentionedintheLLPagreement.ItispossibleforanLLPtodelegateallpowersofmanagementtoasinglepersonexceptcompliancerequirementsundertheLLPact,whicharetheresponsibilitiesofDesignatedPartners.

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Lesscompliancerequirements:Comparedtoacompany,thelegalcompliancerequirementsarelesserforLLPs.Foracompany,itismandatorytomaintainvariousregisters,minutesetc,butthereisnosuchrequirementforanLLP.

Auditofaccounts:AllcompaniesarerequiredtoappointaCharteredAccountantasauditorsforauditingaccounts, irrespectiveofthesizeandoperationofthecompany.IncaseofanLLP,theauditrequirementstartsonlyiftheturnoverexceedsRs.40LacsorcontributionexceedsRs.25Lacs.

Lesscostofmaintenance:StatutoryfilingfeespayablebyanLLParemuchlesscomparedtoacompany.Soevensmallbusinesscanthinkofincorporatingtheirfirmasrunningcostareverylow.

Flexibleownership:ItispossibleforapartnerinanLLPtoresignsubjecttothetermsofLLPagreement.Afterresignation,usuallythepartnercantakebackhisshareofcontributionfromtheLLP.

Managementflexibility:LLP is free to take any business decisions subject to the LLP agreement. It can enterinto a contract with its partner or relatives of partners and borrow andmake loansto outsiders. But in a company structure, many of these decisions need either thepermission of the shareholders or approval of government authorities, forwhich theprocessiscumbersome.

Noownershiprestrictions:In a private company, the number of shareholders is limited to 50. There is no suchrestrictioninthecaseofanLLP.AnLLPcanhaveanynumberofpartnersandthuscansecuremorecapitalforitsbusinessoperations.

Greatercredibility:ByvirtueofbeingaregisteredentityunderGovernmentlaws,registeringyourbusinessasanLLP,willgainyourbusinessbetterlegitimacyandgreatercredibilitywhendealingwithothercompanies,banksandpotentialbusinesspartners.

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05Basedonthenatureofitsbusiness,acompanyorLLPneedtotakeseveralotherregistrationsandcomplywithrespectivelawsoftheCentralandStateGovernments.

Other Registrations Required for a Company/LLP

PermanentAccountNumber(PAN).ThisisauniquenumberissuedbyIncomeTaxdepartmentfortaxfiling.Thisnumberismandatoryforallincorporatedbusiness.

TaxAccountNumber(TAN)ThisnumberisissuedbyIncometaxdepartmentforfilingTaxDeductedatSource(TDS).Manyofthetransactionsrequiredeductionatsourceandthisnumber isrequiredforpropercompliance.

ServiceTaxRegistrationIf the company/LLP provides taxable services, and if the taxable turnover exceedsRs10lacs,collectionofservicetaxiscompulsory.SuchserviceprovidersneedtoregisterandobtainServiceTaxRegistration.

ValueAddedTax(VAT)ValueAdded Tax and Central Sales tax registration is compulsory for companies/LLPsdealingintaxablegoods.Itisastatematterandifthecompanies/LLPsoperatelocallyindifferentstates,separateregistrationsarerequiredforeachstate.

ImportExportCode(IEC)Import and Export Code number is compulsory for the companies/LLPs planning forimportandexportofgoods.

Shop&EstablishmentRegistrationAlltheofficesofacompanyorLLPhastoberegisteredwiththelocallabourauthoritiesunder the relevantshopsandestablishmentRegulations.Generally this registration isrequiredtobedonewithin30daysofopeningtherespectiveoffices.

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Other Registrations Required for a Company/LLP

06 Accounts & AuditAccounting is the lifebloodof any companyor LLPasbusinessdecisions aremadebasedonaccountinginformation.CompanyandLLPlawmandateskeepingbooksofaccountsandrecords in accordancewith the Indian accounting standards. These requirements ensuresystematicpresentationofaccounts,publicdisclosureandfulfilltaxationrequirements.

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Company:Accounts&Audit

Everycompanyneedstokeep itsbooksofaccountswithallsupportingdocumentsattheregisteredofficeofthecompany.Thebookskeptshallbeclosedattheendoffinancialyearandaprofitandlossaccountandbalancesheetshallbeprepared.

Afterclosingofaccounts,thebooksanddocumentsneedtobeauditedandshallbefiledwith theRegistrarofCompanies. The requirementof audit is applicable toall companiesirrespectiveofsizeandturnover.

LLP:Accounts&Audit

Likecompany,anLLPalsoneedtokeepthebooksofaccountsandpapersatitsregisteredoffice. An LLP is required to close its accounts on 31stMarch every year. The auditing ofaccountsisonlyapplicableiftheturnoveroftheLLPexceedsRs.40Lacsorifthecontributionexceeds Rs.25 Lacs. The accounts prepared every year shall be filedwith Registrar on orbefore30thOctoberofthatyear.

07ThetaxationrequirementsstipulatedunderlawisdifferentforaCompanyandanLLP.Fewbriefpointsregardingthemajordifferencesareexplainedintheparagraphsbelow.

Taxation

ForCompanyEverycompanyneedtopayincometaxonprofitandsurchargesifapplicable.Theprofitafter tax can be used to declare dividend to shareholders after paying the dividenddistributiontax.Insimpleterms,thecompanyisliabletopaytaxonprofitandagainonprofitdistributedtoshareholders.

ForLLPIncomeof an LLP, aftermeeting thebusiness expenses andpartners remuneration istaxedatsuchratesasapplicableforeachfinancialyear.Theprofitaftertaxbelongstopartnersandthesameistaxfreeinthehandsofpartners.VarioustaxleviedoncompanylikeDividenddistributionTaxandsurchargesarenotapplicabletoanLLP.

CompliancerequirementsunderTaxlawThecompliancerequirementsundertax lawsencompassboththeregularpaymentoftaxontheearningsandfilingthenecessaryrecordswiththetaxauthoritiesaspertheprescribednotificationseveryyear.

AnnualtaxReturnfilingTheCompanyorLLPhastofileIncomeTaxreturntotheIncomeTaxauthoritieseveryyear.ThetimelineforfilingthereturnisJuly31st(incasewheretaxauditisnotrequired)andSeptember30th(incasewheretaxauditisrequired)

TaxDeductedatsource(TDS)IfanyCompanyorLLPmakesanypaymentswhich requires taxdeductions, thesameshallbedeductedandpaidtotheGovernment.ThecompanyorLLPisalsorequiredtofilereturnsregardingdeductions.

AdvancetaxpaymentsThecompanyandLLPshallforecastitstaxliabilitybasedonitsincomeforecastedandpaythetaxtothegovernmentinperiodicintervals.

IndirectTaxBasedonthenatureofitsbusiness,acompanyorLLPisrequiredtopayvariousindirecttaxes. For service industries this is in the form of service tax and for product basedindustriesthisistheformofcentralexciseandValueAddedTax.

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Taxation

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CompaniesInnthroughitsexperiencedbusinesssetupservicesandincorporationconsultingprofessionals has advisedover5000 companies and LLPs in the last 3 years in settingupoftheirbusinesses.Ourvastexperienceinthelegaldomaincoupledwiththeeffectiveuseof information technology ensures the timely delivery of services with high professionalstandardsatanaffordableprice.Thisnewmethodofcompany/LLP incorporationevolvedbyour research teamhelps anentrepreneur tonavigateeasily through the various stepsrequired by law. The following factors contribute to our excellent and highly acclaimedincorporationandcomplianceservices:.

Experiencedteam:Our experienced team have the expertise to handle any assignment for setting up aCompany/LLPinIndia.Thisincludesincorporationofanewenterpriseorconvertinganexistingbusiness(i.e.soleproprietorship,partnershipetc)intoaCompany/LLP.

Why choose Companiesinn.com to form your Company/LLP?

Lowcost:CompaniesInnbusinesssetupservicesarepricedattractivelytomeettherequirementsofentrepreneursandbusinessstartups.Useofstandardisedprocessesandinformationtechnologyenablesustoprovidetheserviceatcompetitivecosts,oftenattherateschargedbyothers.Moreoverourpricesarepredefinedwithnohiddencharges.TheonlinepricecalculatorallowsyoutogetitemisedservicechargesincludingthestandardGovernmentfee.

Allservicesavailableunderoneroof:TocomplywiththevariouslawsgoverningbusinessestablishmentsinIndia,aCompanyorLLPneedstoapplyforPANandTANNumbers(IncomeTaxDept.),Shops/EstablishmentRegistration(Dept.ofLabour),ServiceTax(CentralExciseDept.),VAT(StateCommercialTaxDept.)etcdependingonthenatureofitsactivity.WecanhelpyoutoobtainallthesecertificatessothatyoucanfocusyourtimeandenergiesonoperatingthebusinesswhichotherwisemightbeillspentinfollowupswithvariousGovernmentdepartments.

Continuedsupport:Our associate firm CN Partners Consultants LLP has experience in corporate lawcomplianceandwillensuretimelycomplianceofyourCompany/LLPslegalrequirementsatanaffordableprice.

Taxcomplianceandaccountingservices:OursisterconcernCN Business Solutions LLP,isabookkeepingandtaxlawcompliancefirm.ThisfirmcanhelpyoumaintainyourCompany/LLPsaccountsandfilethevariousreturnsasrequiredunderlawatanaffordablecharge.

CompaniesinnHelpDesk:RunningabusinessascompanyorLLPneedprofessionalhelpandadvise,tocaterthiswehaveourhelpdeskforallourclients.Afterincorporation,youcancallanytimeduringbusinesshoursormailtohelpdesk@companiesinn.comforanyhelporassistance.

CompaniesInn is the ideal partner for your business incorporation and regulatorycompliance services. When youre ready to form your Company/LLP, visit us online atwww.companiesInn.com. Fill in the particulars about the Company/LLP you want toregisterandproceedtocompleteyourorder.AlternativelycallusatanyoftheanyoftheCompaniesInn IncorporationKiosk mentioned on the back page to incorporate yourCompany/LLP.

After reading thisbooklet, if anyof yourdoubts regardingCompanyor LLP incorporationremainunanswered;callusormailtoinfo@companiesinn.com.WewouldbedelightedtoprovideanyadditionalinformationregardingbusinessincorporationinIndia.

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Why choose Companiesinn.com to form your Company/LLP?

NOTES:

HelpDesk:+918030255900Email:info@companiesinn.com

NOTES:

HelpDesk:+918030255900Email:info@companiesinn.com

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