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Different Types of Company Registration In Kolkata

Different Types of Company Registration In Kolkata

One of India's fastest-growing cities is Kolkata. A legal entity is necessary to start a business. Legal entities are considering as trustworthy.  Legal entities could be either a private limited, a one-person company, limited liability partnership firm . Your business is protected when you have a legal entity. 

One can open a business in Kolkata by incorporating a legal person in any form. The business vision is key to choosing the right structure for business formation. This depends on many factors, such as the size of the business, the target customers, and the financing requirements to register a company in Kolkata

Types of Business Structures for Company Registration In Kolkata

Here are the types of business structure that are available for registering a company in India. So check the list for further:

Private Limited Registration in Kolkata:

This structure is best for those who are in the middle to high-end business. This structure is ideal for startup businesses that want to grow, borrow money from banks or financial institutions and establish trust with customers. There is a requirement of two persons for registering a private limited company. The registered address can be your residence address. When the company is registered, you don't need to go to registration office. All of this can be done on online. Following documents are required to register a Private limited company:

To understand the steps involved in private limited company registration in Kolkata:

  • Decide first what type of business you want to start, how it will be structured, and what address your business will have.
  • Consider the names you are most interested in. If a name similar is already in use, it is impossible to get the name you want.
  • Keep track of all the activities you plan to do for your business.
  • Verify that you have all necessary documents for pvt ltd company.
  • Connect with us to get your company registered in kolkata. We will assist you in opening a bank account and will explain the compliances that you must follow for company registration in Kolkata.

What you need to know when you register a company?

  • To start a business, you don't need to have a certain turnover.
  • You will not be able to have GST or PF registration if you register as a pvt ltd in Kolkata. These regulations will apply if you exceed the threshold limit. For example, GST if your turnover exceeds 20 Lakhs.
  • It is not required to deposit the minimum capital in the bank during company registration.
  • The residential address can be used to register a place of business.
  • A private limited company in Kolkata can increase your business' credibility in the market
  • This will give you an advantage in the future in terms of access to funds from banks or financial institutions.

Minimum Requirements for Company Registration

  • Minimum 2 Directors/Shareholders
  • Minimum capital of 2 Rupees
  • DIN & DSC’s for all Directors/Shareholders

Limited Liability Partnership Registration In Kolkata

Limited Liability Partnership arrangements are suitable for those who want to set up a business in Kolkata. This legal structure was introduced in 2009. It is a legal structure of business that is similar to a partnership but has limited liability. 

Unlike a normal partnership firm, LLP company registration in Kolkata partners are not personally liable for business losses. To form an LLP, minimum partners are 2. LLP is a perpetual entity that can be dissolved only by the promoters. For LLP registration in Kolkata, you don't need to go to company registration office in Kolkata. All of this can be done online LLP registration in Kolkata.

To understand the steps involved in registering your LLP:

  • Decide first what type of business you want to start, how it will be structured, and what address your business will have.
  • Consider the names you are most interested in. If a name similar is already in use, it is impossible to get the name you want.
  • Keep track of all the activities you plan to do for your business.
  • Make sure you have all necessary documents to register a limited liability partnership registration in Kolkata
  • Connect with us to complete your Limited Liability Partnership company Registration in Kolkata. They will assist you in opening a bank Account, and will explain the compliances that you must follow.

What you need to know if you plan on registering a limited liability partnership in Kolkata:

  • To start a limited-liability partnership, you don't need to have a certain turnover.
  • You will not be able to have GST or PF registration if you register as a limited liability partnership. These regulations will apply if you exceed the threshold limit.
  • Partners in an LLP structure are not personally liable for any loss to the business.
  • The residential address can be used to register a place of business.
  • A limited liability partnership firm in Kolkata can increase your credibility in the market.
  • This will give you an advantage in the future in terms of accessing funds from banks or financial institutions. Banks don't usually lend to proprietorship structures.

Sole Proprietorship In Kolkata

You can also choose proprietorship structure In Kolkata, if your business is small and does not require a lot of staff. It allows you for MSME and GST Registration. Our team of experts will assist you in establishing your proprietorship company.

These are the best ways to create a legal entity in India. After you have established your legal entity, it is important to take care of compliance. You should ensure that you comply with all requirements, including ROC filing, GST filing, auditor appointment, and GST filing. 

When you're getting your legal entity registered, it is important to hire the right consultant. You can reach us by phone or email if you have questions about company registration. Our experts will be in touch with your business registration in west bengal.

Documents Required to Register a Company in Kolkata

Company Registration in Kolkata documents required from Individuals aspiring to become the company’s Directors and Promoter shareholders (NRIs)

Clear and self-attested scanned copies of:

  • PAN Card for directors
  • Photograph of directors in passport size
  • Aadhaar Card/ Voter identification card for directors
  • If you rent a property, Rent Agreement
  • Business Place - Electricity/Water bill
  • Property papers (if owned property)
  • NoC for Landlord (Format will be provided).

Give proof of Office address for registered office of pvt ltd company in Kolkata, west Bengal

Clear and scanned copies of:

  • Latest water bill or electricity bill
  • Notarised rental agreement in English
  • Receipt of the latest rent paid
  • Deed of sale from the owner.
  • NoC from the owner having no objection to conduct business on the property as registered office by the company.

Steps for Online Company Registration In Kolkata

1. DSC & DPIN Application

The partners must first apply for a digital signature and DPIN. Digital signature refers to an online signature that can be used for filing. DPIN refers to the Directors PIN number issued MCA. This step can be skipped if the directors already possess DSC and DPIN.

2. Approval of the name

Two options must be provided for your company name. MCA will choose one. The names you provide should be distinctive and indicative of the company's business.

3. Submission of MOA & AOA

After approval of the name, it is necessary to draft the Memorandum and Articles of Association. The subscription statement for Company Registration In Kolkata is filed with both MOA and AOA to the MCA.

4. Get incorporation certificate

The process of forming a Private limited company takes between 7 and 15 days. The incorporation certificate is proof that the company has been formed. It also contains your CIN number.

5. Apply for a PAN, TAN, or Bank account

Next, you will need to apply for PAN or TAN. PAN/TAN will be allotted to the applicant within 7 working days. After this, you can submit your Incorporation Certificate, MOA, AOA, and PAN to a bank for opening a bank account.

 

Read more about business setup in various cities in india along with list of documents required:- 

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Company Registration in Mumbai