SRSB Business Solutions Private Limited

Features of One Person Company (OPC) Private Limited Company 

• OPC is and Organized Sector Of Proprietorship Company
• No requirement to hold Annual General Meeting (AGM) or Extra Ordinary General Meeting
• OPC has to conduct board meetings (in every six months of the calendar year and the gap between the meetings should not be less than ninety days.)where there are more than one director
• A Natural Person who is Indian Citizen and who has stayed in India for 120 days in immediately preceding year can Incorporate a OPC and He/She has to appoint a nominee also who can takeover in event of his/her death
• Liability of shareholder is limited to the extent of his shareholding in the company.
• OPC Private Limited Company has separate legal Entity, Which can sue or can be sued
• It has perpetual succession. It means Company has existence, no matter how many changes occur in Membership.
• Income Tax Rate is 25% of Taxable Income
• Directors remuneration is taxable under the head “Salary” and it has no capping

Features of Private Limited Company 

• Liability of shareholder is limited to the extent of his shareholding in the company.
• Private Limited Company has separate legal Entity, Which can sue or can be sued
• It has perpetual succession. It means Company has existence, no matter how many changes occur in Membership.
• The shares of private limited company can be easily transferred to other person
• Income Tax Rate is 25% of Taxable Income
• Directors remuneration is taxable under the head “Salary” and it has no capping
• Private Limited Company can get recognition under Start Up and then Can get exemption from Angel Tax (Security Premium Over issue of Shares Upto 25Cr )

Deliverable for Private limited company registration with us in Rs 7999 are:

2 DSC,
2 DIN,
Upto 5 lakh authorized capital,
Incorporation fee,
Stamp Duty,
Certificate of Incorporation & Commencement,
PAN & TAN
Professional TAx Registration
PF and ESIC

After Incorporation Pvt Ltd Company Can Register for
Import Export COde (IEC)
GST Registration
Udyam Adhar (MSME)
Start Up India

There is no mechanism provided by the Government of India for the registration of a Proprietorship. Therefore, the existence of a proprietorship must be established through tax registrations and other business registrations that a business is required to have as per the rules and regulations and open Current account. All banks have their own list of documents and generally accepted documents are:

• Goods & Service Tax (GST) Registration (Normally all bank accept this). Once you taken you have to charge the GST and file the GST return on monthly basis.
• Professional Tax Registration (Limited bank accept this so need to confirm with your banker first. Once you taken the number you have to pay Rs. 2,500/- per year.
• Shop and Establishment intimation letter (Limited bank accept this so need to confirm with your banker first) for less than 10 employees and certificate (Normally all bank accept this) for more than 10 employees
• Udyog Aadhar (Limited bank accept this so need to confirm with your banker first)
• CA Certificate (Limited bank accept this so need to confirm with your banker first)

Normally, we need any 2 documents for Proprietorship Firm