Question & Answer
Check our FAQs for quick answers to frequently asked questions we receive.
If you have other questions write.
- Whether I can convert my existing proprietorship business into a Private Limited Company?
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There is nothing like conversion of a Proprietorship to Pvt Ltd. You need to simply register a New Private Limited Company with fresh documents.
- Do I need to take separate GST number for my company if I already have GST number on my name?
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Yes, since company is a separate legal entity and GST number is issued on the basis of PAN. So for Company’s new PAN, New GST shall be taken. Old one will not work for company business.
- How much Share Capital is required to start a Private Limited Company?
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There is no minimum requirement for the amount of Share Capital to start a Private Limited Company. You can start even with Rs 10K but for a decent figure in the financial statements and to open a new business minimum 100,000 Rs of Share Capital is recommended.
- Can I enhance my share capital later after registration ?
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Yes, you can increase the share capital after registration by doing the needful compliances on mca.
- Do I need to deposit share capital into the Bank account ?
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Yes, The Paid Up capital is to be deposited into the current account of the company & then only shares will be issued to Shareholders of the company.
- My company is a start-up and has not generated any much revenues in the initial years . Do I need to file the ROC returns and Income Tax returns?
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Yes, Even if the company has suffered with losses, company need to make all the compulsory ROC compliances every year & also Income Tax return is required to file to claim losses for the year.
- I am new into the business and don’t know much about the compliances and finances . After registration , how would I be able to do all such things ?
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Don’t worry. We provide complete assistance upto the opening of Ban account of the company in case you register with us. After that also, we provide a complete solution of all your legal, tax & professional requirements for the company.
- Whether you also provide GST registration along with company registration ?
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GST registration is separate service provided by us.
- How much time it will take to register a Company by you ?
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Generally, It takes 7-10 working days to register a company.
- What all will be included in the Company Registration service from your side ?
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Our deliverables in Company registration shall be – 1) Company Certificate of Incorporation 2) PAN & TAN of the Company 3) DIN of both Directors 4) MoA of the company 5) AoA of the company 6) ESI registration 7) EPF registration 8) Assistance upto the opening of bank account of the company 9) Digital Signatures of both directors
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Email: info@mycaindia.com & Phone: +918439191570