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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 ...
Wazzeer Professional Network
ProfessionalROC compliance required for new company? We a private limited company established in Dec 2016. We did not file the ROC compliances for that year since we did not have any transactions or documents (as we were a new company). Now we need to file for year 2017-18 and 2018-19. Will we face any fines and penalties.
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Wazzeer Professional Network
ProfessionalA 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 for the earlier years (2016-17, 2017-18 and 2018-19) filings. Since the penalties are levied on per day basis, I think the outstanding would be quite high by now.
I will advise you to take this up immediately. In case you need our help for this, please share your details by going to the services page or clicking on 'Get Stated' on our website.
over 1 year ago
View answer
ROC compliance required for new company? We a private limited company established in Dec 2016. We did not file the ROC compliances for that year since we did not have any transactions or documents (as we were a new company). Now we need to file for year 2017-18 and 2018-19. Will we face any fines and penalties.
-
Wazzeer Professional Network
ProfessionalA 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 for the earlier years (2016-17, 2017-18 and 2018-19) filings. Since the penalties are levied on per day basis, I think the outstanding would be quite high by now.
I will advise you to take this up immediately. In case you need our help for this, please share your details by going to the services page or clicking on 'Get Stated' on our website.
over 1 year ago
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...
Wazzeer Professional Network
ProfessionalI want to setup a new company in Indore, MP. We are two brothers. Do.we go ahead with an LLP or a Pvt Ltd? We have limited capital and no office.
-
Wazzeer Professional Network
ProfessionalYour 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 to keep shareholdeing and executive independent, i.e. the shareholders are not necessarily involved in the operations of the company, Private Limited Company is prefrred.
If none of the above factors are applicable to you, you can select either of Private Limited and LLP. Since LLP's cost of compliances are a bit lower than that of Private Limited Copany, you can go for it.
over 1 year ago
View answer
I want to setup a new company in Indore, MP. We are two brothers. Do.we go ahead with an LLP or a Pvt Ltd? We have limited capital and no office.
-
Wazzeer Professional Network
ProfessionalYour 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 to keep shareholdeing and executive independent, i.e. the shareholders are not necessarily involved in the operations of the company, Private Limited Company is prefrred.
If none of the above factors are applicable to you, you can select either of Private Limited and LLP. Since LLP's cost of compliances are a bit lower than that of Private Limited Copany, you can go for it.
over 1 year ago
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.
...
Wazzeer Professional Network
ProfessionalMy company incorporated in 2017 and sent for "strike off" in 2018 after filing all compliances for 2017-2018. It is under strike off on MCA do i still need to file compliance for 2018-2019.
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Wazzeer Professional Network
ProfessionalPlease 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.
over 1 year ago
View answer
My company incorporated in 2017 and sent for "strike off" in 2018 after filing all compliances for 2017-2018. It is under strike off on MCA do i still need to file compliance for 2018-2019.
-
Wazzeer Professional Network
ProfessionalPlease 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.
over 1 year ago
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...
Wazzeer Professional Network
ProfessionalRecently (a month ago), I started my firm as a sole proprietorship. How can I convert it into a private limited company?
Start up an online Education firm
-
Wazzeer Professional Network
ProfessionalA 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 is a specific reason.
So, I will advise you to incorporate an independent Private Limited Company.
Do let us know if you would want us to help you with this. All you need to do is select Private Limited Company from our services section.
over 1 year ago
View answer
Recently (a month ago), I started my firm as a sole proprietorship. How can I convert it into a private limited company?
Start up an online Education firm
-
Wazzeer Professional Network
ProfessionalA 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 is a specific reason.
So, I will advise you to incorporate an independent Private Limited Company.
Do let us know if you would want us to help you with this. All you need to do is select Private Limited Company from our services section.
over 1 year ago
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...
Wazzeer Professional Network
ProfessionalI want to setup a new company in Indore, MP. We are two brothers. Do.we go ahead with an LLP or a Pvt Ltd? We have limited capital and no office.
-
Wazzeer Professional Network
ProfessionalYour 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 to keep shareholdeing and executive independent, i.e. the shareholders are not necessarily involved in the operations of the company, Private Limited Company is prefrred.
If none of the above factors are applicable to you, you can select either of Private Limited and LLP. Since LLP's cost of compliances are a bit lower than that of Private Limited Copany, you can go for it.
over 1 year ago
View answer
I want to setup a new company in Indore, MP. We are two brothers. Do.we go ahead with an LLP or a Pvt Ltd? We have limited capital and no office.
-
Wazzeer Professional Network
ProfessionalYour 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 to keep shareholdeing and executive independent, i.e. the shareholders are not necessarily involved in the operations of the company, Private Limited Company is prefrred.
If none of the above factors are applicable to you, you can select either of Private Limited and LLP. Since LLP's cost of compliances are a bit lower than that of Private Limited Copany, you can go for it.
over 1 year ago
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...
Wazzeer Professional Network
ProfessionalRecently (a month ago), I started my firm as a sole proprietorship. How can I convert it into a private limited company?
Start up an online Education firm
-
Wazzeer Professional Network
ProfessionalA 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 is a specific reason.
So, I will advise you to incorporate an independent Private Limited Company.
Do let us know if you would want us to help you with this. All you need to do is select Private Limited Company from our services section.
over 1 year ago
View answer
Recently (a month ago), I started my firm as a sole proprietorship. How can I convert it into a private limited company?
Start up an online Education firm
-
Wazzeer Professional Network
ProfessionalA 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 is a specific reason.
So, I will advise you to incorporate an independent Private Limited Company.
Do let us know if you would want us to help you with this. All you need to do is select Private Limited Company from our services section.
over 1 year ago
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