SMALL COMPANY

1. What is a Small Company?

A Small Company means a company other than a Public Company that satisfies either of the following conditions:

  • Paid-up share capital which does not exceed 50 Lac rupees or such higher amount as may be prescribed which shall not be more than 5 Crore rupees and
  • Turnover of which as per its last profit and loss account does not exceed 2 Crore rupees or such higher amount as may be prescribed which shall not be more than 20 Crore rupees.

Provided that nothing in this clause shall apply to
(A) A Holding Company or a Subsidiary Company;
(B) A company registered under section 8; or
(C) A company or body corporate governed by any special Act.

The benefits which are accorded to a small company are:

The benefits which are accorded to a small company are:

1.    Signatures in the Annual returns:
Company Secretary (CS) alone, or when there is no CS, a single director of the company can sign the annual returns of the Company.

2.    Financial statement:
The Company is not required to include the Cash Flow Statement as a part of its financial statement.

4.    Auditor regulations:
The provision regarding mandatory rotation of the auditor or the maximum term of an auditor is also not applicable.

4.    Fees u/s. 403 of Companies Act, 2013:
Fees for filings and other formalities u/s. 403 of the Companies Act, 2013 is also comparatively lower for the small companies.

2. Requirements of Incorporating Small Company?

  1. Obtain Digital Signature Certificate-The first step towards incorporation of a Private Company is getting DSC for intended directors (Min.2 and Max. 15 directors) of proposed Company.
  2. Obtaining Director Identification No.-After getting DSC, DIN (Director Identification No.) is obtained for intended directors.
  3. Approval of Company’s name- After DSC and DIN, the next step is to take name approval. A minimum of one and Maximum six proposed names can be submitted in order of preference and available name will be approved.
  4. Registration of Company- Final step towards incorporating a Company is to get it regd. with state RoC.

3. Documents Required ?

  1. Recent Two Passport Size Photographs of each director/subscriber.
  2. PAN Card (Self Attested & Certified by Gazetted officer/Notary) of each director/subscriber.
  3. Address Proof (Passport/Driving License/Voter id/Aadhaar card) (Self Attested & Certified by Gazetted officer/Notary) (Details should match the details of PAN) of each director/subscriber.
  4. Residential Proof of Subscribers– (Bank Statement /Electricity/Telephone/Mobile Bill (Self Attested) of each director/subscriber.
  5. Copy of Utility Bill of Proposed Reg. office (Telephone/Mobile/Electricity/Gas Bill) (Not Older than 2 months & Notarized)
  6. Land Line No. of Proposed Regd. Office
  7. Other Forms/Documents required are to be Provided/Prepared by us.

4. Time Required for Company Incorporation ?

Baxicorporate would get the company incorporated within 7-10 working days subject to ROC processing time.

5. Pricing ?

For Pricing and other details Click  

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