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Company Registration in Kerala
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Company Registration in Kerala
Company Registration in Kerala: Your Gateway to Business Success
Starting a new business is exciting, and Kerala, with its rich culture and thriving economy, is an ideal location. Grasping the company registration process is the initial step. This guide covers everything you need to know about registering a company for Your Business?
Kerala’s business-friendly environment with the best infrastructure, a skilled workforce, and supportive government initiatives. Sectors like tourism, IT, agriculture, and handicrafts offer great growth opportunities.
Types of Business Structures
Before registering, choose the right business structure. Common types in Kerala are:
- Private Limited Company: Suitable for small to medium businesses, limits liability, allows up to 200 shareholders.
- Public Limited Company: For larger businesses seeking public capital, requires at least seven shareholders.
- One Person Company (OPC): Enables an individual to run a company with limited liability.
- Partnership Firm: An agreement between two or more individuals to manage and share profits and liabilities.
- Sole Proprietorship: Simple structure for individual entrepreneurs, with complete control but full liability.
Procedure for Registering a Company in Kerala
- Obtain Digital Signature Certificate (DSC): All directors and shareholders need a DSC for signing electronic documents.
- Get Director Identification Number (DIN): Mandatory for all directors, obtained through the MCA portal.
- Choose the Company Name: Select a unique name that complies with MCA guidelines. Be prepared with backup options if your initial choice isn’t available.
- File for Company Registration: Complete the registration application on the MCA portal, filling out required forms (SPICe Form for Private Limited Company or relevant forms for other structures). Submit necessary documents, including:
❖ Memorandum of Association (MoA)
❖ Articles of Association (AoA)
❖ Verification of directors’ identity and address
❖ Registered office address proof
- Pay the Fees: A registration fee based on your company’s authorized capital is applicable. Ensure timely payment to avoid delays.
- Obtain Certificate of Incorporation: Once approved, you will receive a Certificate of Incorporation, officially recognizing your company.
- Apply for PAN and TAN: Obtain your PAN and TAN from the Income Tax Department. 8. Register for GST: If your turnover exceeds the limit, register for GST.
Additional Considerations
❖ Compliance Requirements: Ensure your company meets all legal and regulatory compliance, including annual filings and tax returns.
❖ Business Licenses: Depending on your business activities, you may need additional licenses or permits.
❖ Bank Account: Set up a business bank account to distinguish your personal finances from your business finances.
Get Professional Help- Shehin and Rasid LLP company
While the registration process can be done independently, many prefer professional assistance. Consulting with Shehin and Rasid the legal and financial experts can streamline the process, ensuring accuracy and compliance.
Start Your Business Today!
By following these steps, you’re closer to making your entrepreneurial dreams a reality. Register your company in Kerala today and embark on a successful journey!
➡️ Contact Us
For more information and assistance with company registration in Kerala, Get in touch with us . We’ll support you at every stage.
Want to be Recognized as a Startups?
Then lets go through the Eligibility for Recognized Startups
To be recognized as a startup in Kerala:
❖ The startup should be a private limited company, a partnership firm, or an LLP. ❖ Turnover should be less than INR 100 Crores in any previous financial year. ❖ Recognized as a startup up to 10 years from incorporation.
❖ Should work towards innovation or improvement of products, services, and processes, with potential for employment or wealth creation.
❖ Entities formed by splitting up or reconstructing an existing business do not qualify. Have you heard of one person company registration?
Yes, One Person Company (OPC) registration is a unique business structure introduced to support individual entrepreneurs. It allows a single person to start and run a company while enjoying the benefits of limited liability and a separate legal entity status.
Steps for One-Person Company Registration in Kerala
- Digital Signature Certificate (DSC): Acquire a DSC for the designated director. 2. Director Identification Number (DIN): Apply for a DIN through the MCA portal. 3. Name Approval: Choose a unique name for your OPC and apply for name approval through the MCA portal.
- Filing Forms with MCA: File the following forms with the MCA:
– Form SPICe (INC-32): For incorporation.
– Form SPICe MOA (INC-33): Memorandum of Association.
– Form SPICe AOA (INC-34): Articles of Association.
- Certificate of Incorporation: The Registrar of Companies issues the Certificate of Incorporation after verifying documents.
Benefits of One-Person Company Registration
❖ Limited Liability: Protects personal assets.
❖ Single Ownership: Only one person needed.
❖ Separate Legal Entity: Ensures continuity and credibility.
❖ Ease of Compliance: Simplified requirements.
Frequently Asked Questions (FAQs)
- What is a Private Limited Company?
A business entity where members’ liability is limited to their shares and shares cannot be publicly traded.
- What is an LLP?
A type of partnership that offers limited liability, merging the advantages of both partnerships and companies.
- How long does it take to register a company in Kerala?
Typically 7-10 working days, depending on timely document submission and verification.
- What documents are required for company registration?
Identity proof, address proof, PAN card, DSC, DIN, and the proposed company’s MoA and AoA.
- Can a foreign national register a company in Kerala?
Yes, subject to compliance with FEMA regulations and other laws.
Registering a company in Kerala offers many benefits and opportunities. The supportive ecosystem and streamlined processes make it an attractive destination for entrepreneurs.At Shehin & Rasid, we offer professional support and services to guarantee a seamless registration experience.