Private Company

Also known as Private Company, it is incorporated under the provisions of Companies Act 2013. Being immensely popular, it is one of the…

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Public Company

Public limited company has broader spectrum of features of a private company. It is incorporated under the provisions of Companies Act 2013.

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One Person Company

Introduced under the Companies Act 2013, One Person Company (OPC) is fast gaining popularity as it support entrepreneurs who wished to start a venture alone.

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Limited Liability Partnership

Introduced under the Limited Liability Partnership Act, 2009 provides the opportunity to conduct the partnership business in its simplest form…

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hemantshahca.com

First Online Incorporation service provider started operation from 2007.

Who we are?

With focus on augmenting the value of clients, we at Hemant Shah & Associates LLP provide the complete spectrum of financial and accounting services. Our journey in the financial service world for the last three decades has enriched the prosperity of our clients. Our persistent efforts blended with client oriented personalized service presents us the opportunity to serve our clients with unique solutions.

Our core team comprising of chartered accountants, company secretaries, and taxation specialists, carryout immense efforts to make our clients one step ahead of their competitors. With perfect acquaintance of current taxation laws, regulations and acts, we provide the preeminent consultation services that yield the best results.

Under the vibrant leadership our founder mentor, Hemant Shah, we serve our esteemed clients spread across the globe through our 5 offices located in India.

In a nutshell, Hemant Shah & Associates LLP renders impeccable financial services that are bound to deliver unsurpassed results.

A Glance of our path

Hemant Shah & Associates LLP has been delivering one stop solution of the business requirements pertaining to financial and accounting services. With the zeal to excel as the driving force behind us, we provide the best possible elucidation for every business problems.

With three decades of journey across the financial and accounting services, we have brought spectacular dimensions in the field of customer service. All our offices located at five cities in India provide consultation services in accordance with the legal framework of Indian laws, regulations and acts.

During our long journey, we have sowed the prosperity and richness in our client’s business. Our strategic advices are always aimed to deliver better prospectus and to enhance growth potentials. Trust us for your success.

Incorporation Simplified

Simple, step by step online incorporation service from hemantshah.com

Private Limited Company

Also known as Private Company, it is incorporated under the provisions of Companies Act 2013. Being immensely popular, it is one of the most incorporated forms of the company.

The salient features of a Private Company are as follows:

  • Minimum of 2 Directors and maximum of 15 Directors
  • Minimum of 2 Shareholders and maximum of 200 Shareholders
  • Foreign nationals are also allowed as Directors after obtaining Director Identification Number (DIN)
  • At least one Director should be an Indian national.
  • Any amount of capital but Govt. Fees to be paid for minimum of shares worth Rs.1 Lakh (Authorized Capital Fee)
  • An Indian address is required for registered office
  • Registration is active as long as all annual compliances are met
  • Share transfers can be curtailed
  • Companies cannot accept deposit from public
  • Companies cannot issue shares to public
  • Share liabilities are limited to the capital money invested.
  • Address and Identity proof mandatory for Directors. PAN card is also mandatory for all Indian nationals.
  • Less stipulations and conditions of Companies act when compared with Public Limited Company

Public Limited Company

Public limited company has broader spectrum of features of a private company. It is incorporated under the provisions of Companies Act 2013.

The salient features of a Public Limited Company are as follows:

  • Minimum of 3 Directors
  • Minimum of 7 Shareholders and no cap on maximum limit
  • Foreign nationals are also allowed as Directors after obtaining Director Identification Number (DIN)
  • At least one Director should be an Indian national.
  • Any amount of capital but Govt. Fees to be paid for minimum of shares worth Rs.5 Lakhs (Authorized Capital Fee)
  • An Indian address is required for registered office
  • Registration is active as long as all annual compliances are met
  • Companies can accept deposit from public subject to the provisions of Companies Act
  • Companies can issue shares to public subject to the provisions of Companies Act
  • Share liabilities are limited to the capital money invested.
  • Address and Identity proof mandatory for Directors. PAN card is also mandatory for all Indian nationals.
  • Usually firms and organizations with large capital investment opt for Public Limited Company

One Person Company

Introduced under the Companies Act 2013, One Person Company (OPC) is fast gaining popularity as it support entrepreneurs who wished to start a venture alone.

The salient features of One Person Company (OPC) are as follows:

  • As the name depicts only one Director and a nominee and both above 18 years of age.
  • Only Indian citizens who are also residents of India are allowed to incorporate OPC
  • Only one shareholder is allowed
  • Maximum paid-up share capital and turnover are Rs. 50 Lakhs and Rs. 2 Crores respectively
  • Any amount of capital but Govt. Fees to be paid for minimum of shares worth Rs.1 Lakh (Authorized Capital Fee)
  • An Indian address is required for registered office
  • Address and Identity proof mandatory for Director and Nominee. PAN card is also mandatory.
  • An individual can incorporate only one OPC
  • Registration is active as long as all annual compliances are met
  • A boon for entrepreneurs who would like to start a company alone.

Limited Liability Partnership

Introduced under the Limited Liability Partnership Act, 2009 provides the opportunity to conduct the partnership business in its simplest form with limited liabilities.

The salient features of Limited Liability Partnership (LLP) are as follows:

    • Minimum of two persons as Partners and Designated Partners and no ceiling on maximum
    • Partners are not restricted by citizenship or residency, but should be aged above 18
    • Any amount of capital
    • Tangible and / or intangible property or any other benefit can be shown as partner’s contribution
    • LLP cannot be incorporated for ‘Not-for-Profit’ activities
    • An Indian address is required for registered office
    • Address and Identity proof mandatory for partners. PAN card is also mandatory for Indian nationals.
    • Existing unlisted partnership firm can be converted to LLP.
    • No requirement for auditing if both conditions – Turnover less than Rs.40 Lakhs and Capital less than Rs. 25 Lakhs are met.
    • Registration is active as long as all annual compliances are met
    • Mandatory to obtain Designated Partner Identification Number for all existing and proposed

Designated Partners.

  • Foreign nationals or NRI are also allowed as Designated Partners after obtaining Designated Partner Identification Number
  • At least one Designated Partner should be an Indian national.
  • LLP is highly tax efficient and has less compliance requirements when compared with Private or Public Companies