Acount Services

Register all types of company at lowest cost. Contact us now and get this offer. This offer is valid for limited period.

1.

Company Registration

Register all types of company at lowest cost. Contact us now and get this offer. This offer is valid for limited period.

A. Proprietorship Registration

Starting a proprietary concern or proprietary firm is a simple process. There is no formal registration to be done. An Individual / sole trader (or one person firm) intending to do business or profession, can register the concern under Goods and Service Tax Act (GST), Profession Tax Act or Shops and Establishment act or Udyog Aadhar (MSME)
Q. Can a business name be given for proprietary concern?
Yes. The business can be operated in the Individual’s name or a formal name can be given to perform the business. We at Amrutam Consultants, have helps individuals to set up proprietary firm in India. This is a very cost-effective form of starting the business.

Package

  • MSME Registration
  • GST Registration
  • Current Bank account
  • GST return filing
  • Income tax filing.

What are the benefits of registering as a proprietorship firm?
There are various reasons why one should register as a proprietorship firm. Here are some of them:

Proprietorships firms are owned and operated by just one person. The owner has full authority and can make all the decisions as no partners are involved to consult.
As no registrations are required to start, a proprietorship can create and receive payments from clients very easily
The significant advantage of the Proprietorship is that it doesn’t require any additional compliance in most cases.
The PAN of the Proprietor and Proprietorship are the same.
Hence, in most cases, only income tax returns in the form of ITR3 must be filed every year.
If an individual has to cease operation, he does not have to wind up the company significantly. This undoubtedly saves time.
Registering a proprietorship in India requires very little investment. Hence, anyone who wants to start a business with low funds can go for proprietorships as no investments are involved.
The Proprietorship firms’ financial reports are public like that of the LLPs, where the financial statements are made public.

B. Partnership Registration

Persons who have entered into a partnership with one another are called individually “partners” and collectively “a firm”, and the name under which their business is carried on is called the “firm-name”.
To commence a partnership firm, at least two persons are required. The firm doesn’t have a separate legal entity like a company. The firm is a collective name given to individual partners.
A firm is registered under Registrar of Firms, situated in the respective jurisdiction.

Package

  • Partnership deed drafting
  • GST Registration
  • Current Bank account
  • GST return filing
  • Income tax filing.

What are the advantages of Partnership firm Registration?
Partnership firm registration has more advantages than disadvantages. Here, we have mentioned the advantages of Registering a Partnership firm.

Partnership firms are more comfortable to set up, and the only requirement in most cases is a Partnership deed.
In a Partnership firm, decision-making is faster as there is no concept such as passing the resolution.
The Partners of Partnership firms in India enjoy a range of powers as they can undertake any business on behalf of the Partner’s consent.
A Partnership firm can quickly raise funds as compared to a Proprietorship firm.
Even the banks find Partnerships more favourable while sanctioning credit facilities in comparison to a Proprietorship firm.
As every Partner is the owner, the partners have the liberty to manage and control the firm’s activities. The tasks might be varied, but people in a Partnership firm are together for a common cause.
Ownership creates a higher sense of accountability and belongingness, which helps in creating a diligent workforce.

We at Amrutam Consultants, have the expertise in setting up partnership firms in India.
We provide the following services –

  • Registration of the partnership firm
  • Reconstitution/amendments to the firm
  • Dissolution of partnership firm
  • File Income Tax returns for the firm and its partners
  • Tax consultation, both Income Tax and GST

C. One Person Company Registration

A One Person Company (OPC) combines most of the benefits of a sole proprietorship and a company form of business. It has only one person as a member who will act in the capacity of a director as well as a shareholder.
OPC is formed as a Private Limited Company.

Package

  • 1 Digital Signature - 2 Year Validity
  • 1 Director Identification Numbers
  • Name Approval
  • Authorised Capital Fee
  • Incorporation Fee
  • Stamp Duty
  • PAN & TAN
  • LEDGERS Billing Software
  • Bank Account Opening
  • Commencement of Business
  • GST Registration
  • Auditor Appointment Support
  • Bookkeeping
  • Financial Statements & Board Reports
  • ITR-6 Filing for Company
  • MCA DIN eKYC for Directors
  • MGT-7 & AOC-4 Filing

D. Limited Liability partnership Registration

LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership.
The LLP is a separate legal entity, is liable to the full extent of its assets but the liability of the partners is limited to their agreed contribution in the LLP. Further, no partner is liable on account of the independent or un-authorized actions of other partners, thus individual partners are shielded from joint liability created by another partner’s wrongful business decisions or misconduct.
We at Amrutam Consultants, have the experience of incorporating Limited Liability Partnership firms in India. Generally, professionals such as Doctors, Lawyers prefer LLP over Companies.

LLP registration

  • GST registration
  • Business current account
  • GST return filing
  • Income tax filing
  • Bookkeeping and compliance

What are the Advantages of LLP registration?
There are several reasons why people opt for LLP registration in India over Private Limited Company incorporation. LLPs are considered to be easier to set up and flexible form of business. Entrepreneurs find it feasible to start their organization as it is comparatively hassle-free in day-to-day operations. Here, we take a look at the various advantages of LLPs.

The cost of registering an LLP in India is comparatively lower than that of incorporating a public limited company or a private limited company. You can register an LLP here through IndiaFilings at just 7899.
As an LLP can be formed with the least possible capital, there is no minimum capital requirement in the incorporation of an LLP.
An LLP requires a minimum of 2 partners but there is no such upper limit on the maximum number of partners. Whereas in a private limited company there are restrictions on having more than 200 members.
Whether the company is Public or Private irrespective of their share capital is expected to get its account audited. But here in the case of LLPs, there is no such mandatory requirement and this is considered to be one of the significant compliance benefits of forming an LLP. A Limited liability company is supposed to get its audit done only in two cases.
When the contribution of LLPs exceeds over Rs. 25 lakhs.
or
When the annual turnover of LLPs exceeds over Rs. 40 lakhs.
LLP is liable for payment of income tax and the share of the partner is not liable to taxation. Thus, no Dividend Distribution Tax (DDT) is payable. Know more

In case you need our services, please write to consultants@amrutamglobal.com

E. Private Limited Company Registration

Setting up a Private Limited Company in India requires a minimum of TWO shareholders and TWO directors. The shareholders can be the directors of the company. One of the directors, however, should be a Resident Indian.
Digital Signature – All the directors have to mandatorily obtain the digital signature.
Once the application is processed by the Registrar of Companies, they will issue Incorporation Certificate mentioning a Corporate Identity Number (CIN).

Requirements to register a Private Limited Company in India:

  • No of Shareholders- 2 individuals
  • No of Directors- 2 individuals ( Can be 3)
  • Authorized Capital- Rs. 1 lakh minimum
  • Paid-up capital- 10,000

Package

  • 2 Digital Signature – 2 Year Validity
  • 2 Director Identification Numbers
  • Name Approval
  • Authorised Capital Fee
  • Incorporation Fee
  • Stamp Duty
  • PAN & TAN
  • LEDGERS Billing Software
  • Bank Account Opening
  • Commencement of Business
  • GST Registration
  • Auditor Appointment Support
  • Bookkeeping
  • Financial Statements & Board Reports
  • ITR-6 Filing for Company
  • MCA DIN eKYC for Directors
  • MGT-7 & AOC-4 Filing

What are the benefits of registering a Private Limited Company?
Before starting a business, it is important to decide the objectives of the company, the business structure, and the operations based on which the company has been chosen. The private limited company is a privately held entity and is preferred by most entrepreneurs. The Private limited company registered in India can have 50 shareholders and limit the liability of the owner to their shares and restrict from publicly trading the shares.

When the businesses see unseen financial crises and are on the verge of closure, the shareholders of the private limited company do not face the risk of losing their assets. Only the amount that is invested while starting the business is lost and the director’s assets are safe.
The private limited companies easily accommodate the equity funding as there is a difference between the shareholders and directors. Venture capitalists and private equity funds are likely to invest in any other structure.
The private limited companies in India enjoy the privileges of borrowing more funds than the LLPs as there are more options of taking debt. Banks help in assisting with financial aid to the private limited companies than the OPCs and the LLPs as the debenture issue and convertible debentures are always available. The banks and the financial institutions welcome the private limited companies better than the partnership entities.
A private limited company is required to make a lot of information about the structure, operations, and financials available to the Registrar of the companies. This information ends up in the public domain. Therefore the vendors, lenders, employees can find the information that is relevant to the company such as the authorized capital, name of directors, registered office, etc. This information makes the businesses more credible than the entities that done furnish this information.
Private limited companies in India can be sold or transferred, either partially or in full to other individuals or entities without any disruption to the current business.
If the business developing product on a global scale and aiming for expansion of operations across the world, then it is important to get the investments and the form of collaborations with foreign establishments. One of the advantages of the private limited companies in India is that 100% through the automatic route, which means there is no requirement of any government approval for foreign companies to make investments in India. The partnerships, LLPs need acceptance from the government.
Successful entrepreneurs are always on the lookout for opportunities wherever they are possible. The private limited companies have the scope of utilizing the chances as the business grows over time whereas the sole prop[rietorshiips and the partnerships cannot take up as they are tied up.
As private limited companies are regulated by the Companies Act 2013 and are required to follow all the stringent procedures, disclose norms, and also comply with the various legal requirement, they are more organized in creating value.
A private limited company offers many advantages over other entities, it is always best to get the registration done by experts to avoid any discrepancies.

We at Amarutam Consultancy, have good working knowledge of setting up a company in India. In case you require our services, please write to consultants@amrutamglobal.com

2.

MSME or Udyog Aadhaar Registration or Udyam Registration

Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy. MSMEs not only play a crucial role in providing large employment opportunities but also help in industrialization of rural & backward areas, thereby, reducing regional imbalances, assuring more equitable distribution of national income and wealth. MSMEs are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country. MSMEs need assistance and help from the Government as they are not equipped with technology and resources like big companies. Hence, the government provides schemes, incentives and rebates to this sector of the economy.

What are the Benefits of getting Udyam Registration?

  • Udyam Registration has simplified the process of registering the business under MSMEs but there are also some additional benefits to it.
  • Bank Loans can be availed at a lower rate of interest in some cases the loans can also be availed without the collateral or mortgage.
  • The applicant is eligible for receiving government subsidies.
  • The applicant gets the financial support to participate in foreign expos to showcase their products.
  • Udyam registration also helps in reducing the cost of setting up the business and even patenting.
  • There are also various tax rebates and exemptions for small and medium-sized enterprises that have Udyam registration.
  • There are tariff subsidies that can be availed with capital and government subsidies.
  • Licenses, approvals, and registration become more comfortable with Udyam Aadhar registration.

Package

  • MSME/ Udyam Registration
  • GST Registration
  • Business Current Account

    • We at Amrutam Consultants, help the entities to obtain new registration, amendment of existing registrations, reregistration as Udyam Registration, consulting on benefits, etc. In case you require our services, please write to consultants@amrutamglobal.com.
    In case you need our services, please write to consultants@amrutamglobal.com

    3.

    Goods and Service Tax (GST) Registration

    Goods and Service Tax (GST) is a destination-based tax on consumption of goods and services. It is levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as setoff. In a nutshell, only value addition will be taxed and burden of tax is to be borne by the final consumer.

    Who has to get registered under GST Act? Every supplier whose aggregate turnover exceeds Rs. 20 Lacs in a financial year is liable to get himself registered within 30 days, in a State from where he makes taxable supplies. Further, a casual taxable person or a non-resident taxable person shall apply for registration at least 5 days prior to the commencement of business.

    Package

    • GST Registration
    • GST Filing
    • Bank Account Opening

    What are the benefits of GST Registration?
    GST registration has various benefits here we have listed some of them:

    GST is a form of Indirect tax that is designed to subsume all the indirect taxes under one umbrella. GST has reduced the cascading effect of tax that was evident earlier.
    Earlier under VAT any business that had a turnover of more than Rs. 5 Lakh was liable to pay VAT. This limit was different in different states. Also, the service providers were exempted from service tax if the turnover was less than Rs.10 lakh.
    Under GST this threshold has been increased to Rs.20 lakh which has exempted many small traders and service providers.
    Small businesses are benefitted as they can exercise the option for utilizing the composition scheme. The composition scheme has considerably brought down the compliance and the tax burden on small businesses.
    The process of GST registration is completely online and it is super simple. All you need to do is submit the documents required to our experts.
    Under GST there is only one return that is to be filed. There are around 11 returns under GST out of which all of them can be filed online.
    Under the Goods and Services Tax Act the restrictions on the interstate movement of the goods have been reduced considerably. This reduction in unnecessary logistics costs has caused profits for the businesses that are involved in the supply of goods through transportation.
    Before the GST era, a lot of industries in India like construction and textile were largely unregulated and unorganized. Under GST there are provisions where the compliances can be met online. This has brought considerable accountability and regulation to these industries.

    We at Amrutam Consultants, help the entities to obtain new registration, voluntary registrations, amendment of existing registrations, filing of monthly and annual returns, etc. Our team is well versed with GST matters. In case, you need these services, we would be glad to assist you. Please write to consultants@amrutamglobal.com.

    4.

    Current Bank Account

    A current account, also known as financial account is a type of deposit account maintained by individuals who carry out significantly higher number of transactions with banks on a regular basis. It is created by the bank on request of the applicant and is made available for frequent or immediate access. Current accounts relate to liquid deposits and it offers a broad range of customized options to aid financial dealings. Current accounts also allows to make payments to creditors through the cheque facility offered by the bank. Generally, current accounts do not provide interests and requires a higher minimum balance when compared to savings account. However, the greatest advantage of current bank account is that, account holders can easily avail overdraft facility up to an agreed limit.

    What are the features of a Current Bank Account?

    A current bank account is one of the primary requirements for starting a business. These days, banks offer a number of attractive offers and benefits on current accounts to match the diversified needs of businesses. Listed below are some of the basic features of a current bank account:

    • A current account allows transactions beyond the scope of a savings account
    • Compared to savings account, a current account requires a higher minimum balance
    • It is designed to facilitate frequent transactions – transfer funds, receive cheques, cash, etc.
    • A current account can be operated by individuals, proprietary concerns, public and private companies, associations, trusts, etc.
    • No restriction on the number of transactions in a day
    • Non-maintenance of the minimum balance can attract penalty charges
    • Just like savings account, KYC guidelines are to be followed even for current accounts
    • For a single business, there cannot be multiple current accounts
    • The prime objective of current account is to facilitate smooth transactions for businesses
    • Nowadays, some banks offer interest rates on current accounts as well
    • Current accounts charge interests on short-term funds the account holder has borrowed from the bank

    What are the benefits of a Current Account?

    • Allows for prompt business transactions
    • No limit on withdrawals
    • No limit on deposits in the home branch
    • Enables businessmen to make direct payments using cheques, demand drafts, or pay orders
    • Provides overdraft facility
    • Provides internet banking and mobile banking facilities

    Documents Required to Open a Current Account:

    You need to submit the following documents at your bank to open a current account:

    • PAN card
    • Address proof
    • Companies or trusts must submit a certificate of incorporation and memorandum of association
    • Partnership agreement in case of partnership firms
    • ID and residence proof of all partners
    • A color photograph of the applicant(s)
    • Cheque from existing savings account for account opening
    • Companies should provide address of communication

    Note: Make sure that the KYC documents you submit are valid on the date of submission.