Complete Company Incorporation Services Across Trivandrum
Are you looking for expert guidance to make the company registration process in Trivandrum hassle-free? That’s extremely simple and seamless with CAAQ Consultancy. Our CAs, CSs, solicitors, and business consultants are here to show you some proven ways to commence your startup or another company in the capital of Uttarakhand.
Overall, we provide start-to-finish consulting for the company registration in Trivandrum, encompassing suggestions on the types of companies, required documents, and an overview of the costs involved.
Types of Business Entities for Registration in Trivandrum
Before registering your company, you need to decide the business structure that best suits your needs. Below are the common types of company structures in India:
Among many business models, it’s challenging to select an ideally perfect company for incorporation. This guide will help you to make informed decisions accordingly.
1. Private Limited Company
This is an out-of-the-box choice for growing businesses that seek investment opportunities from the market. With at least two directors and two shareholders, this company provides limited liability protection and holds a separate legal identity.
2. Public Limited Company
Suitable for a large-scale business, it allows easy fundraising from the public. You can start it with three directors and seven shareholders, who have to operate complying with SEBI and stock exchange regulations (if listed).
3. One Person Company (OPC)
For those who want to operate their business independently, it’s for them. They can enjoy limited liability protection while being the only director & controller of the company.
4. Limited Liability Partnership (LLP)
It’s a hybrid business model, comprising the features of the partnership and a company. Its partners can harness a limited liability framework while minimally complying with the Companies Act, 1961. For professionals like freelancers and small businesses, it’s the ultimate choice.
5. Sole Proprietorship
This is one of the simplest models that can be started with an individual, who does not have to fully comply with regulations. But, the limited liability protection is not applicable in this case.
6. Partnership Firm
When multiple businessmen start a corporate entity together, it is called a partnership firm, which ensures flexible operations. It does not mandatorily require registration but a partnership deed. For sure, all partners have their share in profits, losses, and liabilities.
7. Section 8 Company (Non-Profit Organization)
This is a non-profit business model, which focuses on encouraging charity, education, promotion of art, culture, sports, and social work. It requires the reinvestment of the profit earned into the core objective. This company is eligible to enjoy tax leverages and grants from the government.
Step-by-Step Process for Company Registration in Trivandrum
CAAQ Consultancy is with you at every step of company formation in Trivandrum. We guide you through these steps with all possible support.
Step 1: Obtain Digital Signature Certificate (DSC)
First, you should arrange the Digital Signature Certificate to initiate the process of incorporation online. Directors and shareholders must present it.
Step 2: Director Identification Number (DIN) is Necessary
Like the previous step, every director must have a Director Identification Number (DIN). It can be applied at the Ministry of Corporate Affairs (MCA) portal.
Step 3: Check Originality of the Name via RUN (Reserve Unique Name)
Now, decide the name of your company and then pass through a test of that name’s originality on the RUN portal. The name must be as per the MCA’s naming convention.
Step 4: Draft and File Incorporation Documents
Now, initiate the process of filing incorporation documents. For it, fill the SPICe+ (INC-32) form and enclose essential documents like the Memorandum of Association and Articles of Association.
Step 5: Obtain Certificate of Incorporation (COI)
As the MCA verifies your application, you will receive the Certificate of Incorporation (COI). It reads the Company Identification Number, or CIN, which automatically raises the query for other documents like PAN & TAN. So, you receive all these documents together.
Step 6: Apply for GST Registration (If applicable)
The GST registration may be required if your annual turnover exceeds the prescribed bracket. So, businesses running interstate or e-commerce will require it.
Step 7: Open a Business Bank Account
Now that you have the Certificate of Incorporation, PAN, and MoA/AoA, you can easily open a current account in the name of your company for business transactions.
Documents Required for Company Registration in Trivandrum
In order to get your company finally listed as registered, you need the following documents:
For Directors & Shareholders:
- PAN Card (Mandatory)
- Aadhaar Card / Voter ID / Passport (Address Proof)
- Passport-size Photographs
- Digital Signature Certificate (DSC)
For Registered Office:
- Rental Agreement (if rented)
- NOC (No Objection Certificate) from the property owner
- Utility Bill (Electricity, Water, or Telephone Bill) – Not older than 2 months
Overview of Cost for the Company Formation in Trivandrum
The overall cost of the legal business setup includes government fees for documentation and name approval, DSC & DIN fees, and consulting charges (according to the type of business model). And the cost of other registrations like GST, trademark, and business licenses will be additional.