A partnership firm is a form of business in which a group of people, come together also known
as partners. a partnership firm is not considered to be a separate legal entity. Partnership Firm are the most popular forms of business
organizations in India for the Partners Entrepreneurs. All the persons who come together agree to share profit as well as losses in the equal
ratio or predetermined ratio. Partnership firms are created by drafting a Partnership deed all types of partnerships are governed under Indian
partnership act of 1932.
Gomatrix can help you register a Sole Proprietorship Ship.
Reduction in multiplicity of taxes
Mitigation of cascading/ double taxation
More efficient neutralization of taxes especially for exports
Development of common national market
Simpler tax regime
- Fewer rates and exemptions
-Distinction between Goods & Services no longer required
Simpler Tax system
Reduction in prices of goods & services due to elimination of cascading
Uniform prices throughout the country
Transparency in taxation system
Increase in employment opportunities
To incorporate a private limited company, a minimum of two shareholders are required. A minimum of two shareholders and a maximum of up to 200 shareholders are allowed in a private limited company. The shareholders could be natural persons.
A private limited company must have a minimum of two Directors and can have up to a maximum of fifteen Directors.
Minimum authorized capital of Indian Rupees 100,000 is required to form a private company in India.
Yes, every company registered in India must have a registered office where all official communication is sent by the MCA, governmental agencies, financial institutions, etc.
Director Identification Number is a unique number assigned by the Ministry of Corporate Affairs to Individuals on application made, which allows any individual to be Director in any Company or Designated Partner in LLP. Director Identification Number never expires and a person can have only one Director Identification Number.
Yes, one can register the company at their residential address. One requires submitting the utility bill copy of the same.
A Digital Signature establishes the identity of the sender or signee electronically while filing documents through the Internet.
GST Registration is optional till the 20 lakh rupees turnover and for north east state 10 lakh rupees turnover. it's a complete separate registration apart from private limited company registration.
No, new company registration is a fully online process. As all documents are filed electronically & you would need to send us scanned copies of all the required documents & forms.
If you have all the documents in order, it will take no longer than 15 to 30 days.
Minimum 2 Shareholders,Minimum 2 Directors ,Minimum 1 Lac Share Capital ,DPIN for all Directors,At least one Designated partner must be an Indian Resident.
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