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One Stop Solution For Startups

2950* Basic Package

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Overview

When you register your business as any kind of entity, you can find a long list of compliances to meet. It included compliances like:

1) Book of accounts

2) Filing Income Tax returns

3) Filing TDS returns

4) Annual compliances and many more

But before you start off, you should understand the type of company you are starting. There are a lot of businesses enrolled in India. It includes companies like:

1) Sole proprietorship

2) Partnership firm

3) Limited liability partnership

4) Private limited company or any other

Each of these above companies has different rules and regulations. They are governed by their own set of rules. These rules determine the registration, taxation, and the licensing of these companies. For Example, the registration is not mandatory for a sole proprietorship, but other companies must register. Thus, before starting up with your company, you must understand the type of entity that you are.

Important note- 

As per the Indian law/ companies Act, only the entities like Partnership firms, LLPs, and the Private limited company can be considered as a start-up.

Registering as a start-up

Before commencing your business operations, it is essential for you to register your start-up as a legal entity. As per the kind of business that you are setting up, you need to follow the prescribed procedures. It includes obtaining the documents of incorporations, partnership registration, and many more.

Compliances for a Start-up 

Compliance under labor law

If you are starting up a business, then it is your liability as an employer to ensure all the compliances under labor law. It includes some laws like:

1) Laws on the payment of wages

2) Laws about provident fund

3) Gratuity law

4) Workplace law and many more

If your start-up is registered in India, you must comply with the labor law and make sure you meet all the requirements. Violation of any laws under the labor law may lead to serious penalties. Not following the labor compliances may lead to cancellation of the license and a penalty of INR fifty thousand.

Compliance under environmental law:

Increasing awareness about the environment has made strict laws related to the environment. And the non-compliance to these laws may lead you to a higher penalty along with license cancellation. After the personification of the green tribunal Act in 2010, all the environmental laws now come under it.

According to section 26(1) of the NGT Act, the tribunal can fine you up to INR ten Crore for non-compliance issues. And in case of continuing the offense, the tribunal may charge you INR twenty-five thousand for each day.

Compliances under Companies Act:

Any start-up that is registered under the Companies Act 2013 must comply with all the provisions made under the Companies Act. The Companies Act regulates various activities, such as:

1) Appointment of director in a private limited company

2) The manner of conducting an annual general meeting

3) Board meetings

4) Appointment of auditors

5) PAN

6) TAN

7) Maintenance of bank accounts and many more

If you are a start-up, you must comply with all the rules and regulations prescribed for you. It will help you avoid the penalties.

Compliances under the Income-tax Act:

Every business that is registered in India is responsible for filing the income tax returns. The Income Tax Act specifies the due dates for filing such returns. Every entity has its own tax rates, due dates, and penalties. It is crucial for all start-ups to comply with the Income-tax act. Any non-compliance issue will lead to higher penalties and imprisonment.

GST compliance:

Business or start-ups in India that has a turn over less than INR 40 lakhs exempt from the GST registration. It helps all the small businesses and start-ups to rise faster. But the amalgamation of multiple taxes under the GST rules has offered many profits to the start-ups. However, the benefits under the GST regime do not make you free completely from the tax liabilities. As you grow with time, you have to comply with all the compliances under the GST rules

Document Required

The need for the document depends upon the service you need at a specific time. if you need to provide any kind of annexures, the same shall be communicated by the experts.

Time Lines

  • (10 to 15 Days)
  • Purchase the Service
  • Upload / send the Documents
  • Discussion with expert
  • Filing of application with registrar authorities
  • Receipt of Registration Certificate
  • Confirmation to client

Service Covered

Pricing for what you want required service

Basic

2950*
  • Expert Consultation
  • PAN Application (if PAN of proprietor is not available)
  • Registration with GST
  • Registration with MSME

Business

4450*
  • Expert Consultation
  • 2 PAN Application (if PAN of partners are not available)
  • Partnership Deed (stamp paper cost additional on actual)
  • PAN Application
  • Registration with GST
  • Registration with MSME

Enterprise

8450*
  • Expert Consultation
  • 2 DIN Application (if DIN of directors are not available)
  • 2 DSC token, If required
  • Authorised Capital Rs. 1 Lakh 1
  • Incorporation Fee and Stamp Duty Fee 2
  • ESI and PF Registration
  • PAN and TAN
  • Professional Tax (if applicable)
  • Open a Current Account 3
  • Incorporation Certificate
  • MOA and AOA
  • Registration with GST
  • Registration with MSME
  • Notes:
  • * This price is inclusive of all Govt filing fee and excluding GST amount.
  • 1. Additional authorised capital can be increased any time after paying additional stamp duty and other charges.
  • 2. Stamp duty additional required Rs. 7,500 in case of Madhya Pradesh, Rs. 3,000 in case of Kerala and Rs. 10,000 in case of Punjab state incorporation.
  • 3. Current Account will be choosen as per your preference.

FAQ's

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