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A company, irrespective of whther it has any transactions or not, is to file its annual returns along with other compliances. The returns might say that there are not transactions in the year.
Since you were incorporated in Dec 2016, you will need to file the annual returns for 2016-17, 2017-18 and 2018-19. You are already incurring penalties ...
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Your choice of entity type depends on your requirements.
- In case you want to raise capital in the future or offer ESOP to any of your employees, you should go ahead with a Private Limited Company.
- In case, there is any foreigner who would want to invest in the company, a Private Limited Company is preferred.
- If you want t...
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Please check the status of the company on the MCA portal. In case it says Strike off, you do not need to file the annual returns now. However, stay alert for any communication you receive from MCA regarding the company - that will be important.
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A conversion from a proprietorship to Private Limited is not possible. You can incorporate a Private Limited Company and make it to acquire the sole proprietorship to take over its business, assets and track record. In your case, however, since its only a month old firm, I don't think an acquisition of the sole proprietorship is needed, unless there i...
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Your choice of entity type depends on your requirements.
- In case you want to raise capital in the future or offer ESOP to any of your employees, you should go ahead with a Private Limited Company.
- In case, there is any foreigner who would want to invest in the company, a Private Limited Company is preferred.
- If you want t...
View answer
A conversion from a proprietorship to Private Limited is not possible. You can incorporate a Private Limited Company and make it to acquire the sole proprietorship to take over its business, assets and track record. In your case, however, since its only a month old firm, I don't think an acquisition of the sole proprietorship is needed, unless there i...
View answer
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