A Private Limited Company offers limited liability and legal protection to its shareholders. A Private Limited Company in India lies somewhere between a partnership firm and a widely owned public company. It can be registered with a minimum of two people. A person can be both a director and shareholder in a Private Limited Company.
The liability of the members of a Private Limited Company (PLC) is limited to the number of shares held by them. A Private Limited Company in India can begin with operations after getting the Certificate of Incorporation. A PLC can be incorporated within 2 weeks.
How to establish a Private Limited Company?
Steps to be taken to get a new company incorporated:
Selection of a suitable name
Application to concerned ROC
MOA & AOA
Filing of the Forms & Documents
Registration of a Pvt. Ltd. Company in India is complete an online process. Recently the MCA has replaced the earlier SPICe form with a new web form called SPICe+ (SPICe Plus). Hence, Incorporating a Private Limited Company is even easier now .
Pointax is an eminent business platform and a progressive concept. It helps in end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad.
The process of Private Limited Company incorporation & registration is easy, cheap and quick at Pointax. Pointax also provides Partnership Registration, HUF, LLP Incorporation and One Person Company registration and Secretarial Compliance Services.
Under the GST regime, all taxpayers are registered on a unified portal for compliance and administration purposes. They are assigned registration under a single authority. On registration, all the taxpayers are assigned a unique Goods and Services Tax Identification Number (GSTIN).
GSTIN is a PAN based PAN-based 15-digit Number.
Our GST Registration services for clients begins by assessing and determining the status of a client’s requirement to register under GST. Our services include registration process including applying for the GST registration, identification of the goods and services being sold und GST, amending the details mentioned in the registration certificate in accordance with the relevant Rules of the GST laws, filing appeal for restoration and more.
Assessing the status of the client and determining whether client is liable for obtaining GST registration or not as per relevant provisions of the GST Laws.
Determining the eligibility of the client under composition scheme and advising him in deciding whether to register under composition scheme or under normal scheme. Opting for composition levy, withdrawing, and filing the intimation of the stock details on GST portal in accordance with GST laws.
Registering the client as a normal taxpayer, composition scheme taxpayer, casual taxable person, non-resident taxable person, input service distributor, tax deductor at source, tax collector at source etc. as per the status of the client in accordance with the GST laws.
Applying for Temporary User ID for the users unregistered under GST laws.
Applying for extension of registration period for persons registered as casual taxable person or non-resident taxable person.
Filing registration application for each place of business of the client under different states.
Assisting clients in submitting the documents required to be submitted for obtaining GST registration certificate.
Identification of the goods or services being sold or rendered by the client.
Identifying the relevant HSN and SAC codes as per the requirement.
Replying to any discrepancy arising in the process.
Obtaining client’s GSTIN and creating login credentials.
Amending the details mentioned in the registration certificate in accordance with the relevant Rules of the GST laws.
Assisting clients in resetting the email address and mobile number of their Authorized Signatory.
Applying for cancellation of registration as per the requirements of the client.
Assisting the clients in complying with all the requirements provided under the provisions related to registration under GST laws.
Import Export Code(IEC) is issued by the Director General Foreign Trade (DGFT). It is required by a business when it needs to export its goods or services. An Importer Exporter Code (IEC) is a key business identification number which is mandatory for export from India or Import to India. No export or import shall be made by any person without obtaining an IEC. For services exports however, IEC shall not be necessary except when the service provider is taking benefits under the Foreign Trade Policy. An individual or a business entity needs a 10 digit code to import or export products or services.
Import Export Code(IEC) is a one time process and once it is provided to a business it needs to renew or update in every financial year. There are no returns required to be filled for IEC.
Major highlighted benefit for IEC holders:
Customs authorities need it to clear shipments during imports.
Similarly during export the shipments the IEC is required.
To avail the export benefit under the Foreign Trade Policy.
The bank needs it to transfer the money when imports are made.
When exporter is supposed to receive money in foreign currency, IEC code is required to transfer the money to his account directly.
MSME stands for Micro, Small and Medium Enterprises. In a developing country like India, MSME industries are the backbone of the economy. When these industries grow, the economy of the country grows as a whole and flourishes. These industries are also known as small-scale industries or SSI’s.
Even if the Company is in the manufacturing line or the service line, registrations for both these areas can be obtained through the MSME act. This registration is not yet made mandatory by the Government but it is beneficial to get one’s business registered under this because it provides a lot of benefits in terms of taxation, setting up the business, credit facilities, loans etc.
ICEGATE stands for Indian Customs and Central Excise Electronic Commerce/Electronic Data Interchange (EC/EDI) Gateway. The EC and EDI requirements of the Customs and Central Excise departments are met by ICEGATE. It is used by traders, cargo service providers, and other clients of the department. These are collectively known as trading partners.
Apart from the trading partners, ICEGATE is also used for communication and documentation between the department and other regulatory and licensing bodies.
ICEGATE offers some unparalleled benefits to exporters, such as:
ICEGATE registration is essential for filing any export/import-related document online
Through ICEGATE, exporters/importers can view the status of their online document and follow its trail through the document tracking system
Exporters/importers will be informed on their registered email ID about the acknowledgment of Shipping Bill, Bill of Entry, etc.
Through ICEGATE, trading partners can raise a query and receive a reply on the same
Exporters/importers can file an online Shipping Bill, Bill of Entry, or other such documents in ICEGATE from any email ID, but they will need to have a valid ICEGATE ID to receive query replies and other outbound responses