info@lexntax.com
9354179311 , 8287629916
Company Registration

Company Registration

In the contemporary times of Start-ups and having your own businesses, there are a lot of legal complications and compliances a common man must deal with. From finding a commercial place, GST registration, PAN but most importantly to decide which form of organization to register your business as. Any business can be registered as the given list of organization. It is important to decide the one that suits best your type of business, and the risks associated, to be the right side of law and make a suitable, scalable and profitable business.

Types of Organization


1. Sole Proprietorship- A sole proprietorship is a form of business that is owned and operated by one single person. It is the most simple and prevalent type of business structure. This is because it is very simple and convenient to setup. There are not a lot of compliances to be followed. The owner has full control over the business operations and the profits are taxed as owner’s personal income. Therefore, it is ideal for small, low-risk ventures and individual business owners. However, it has major drawback that the owner is personally liable for all business debts and obligations, and there is no protection of corporate veil. 

2. Partnership- A partnership is a business formed by two or more individuals who share profits, losses, and management duties. generally, a partnership firm can be of two types; General partnership, where the partners share management responsibilities as per them and the liability on all partners is unlimited, and Limited Liability Partnerships (LLP) where Partners have limited liability and are not personally accountable for the partnership's debts or injuries. A partnership is best suited if you want to start a business in alliance with a friend or family or any other joint business venture, as it is simple to establish with a partnership agreement, profits are distributed among partners and taxed as personal income and liability varies depending on the partnership type.

3. Private Limited Company - A private limited company is a distinct legal entity that offers limited liability to its shareholders. This form of business must go through various stages of formation which involves a lot of compliance. It Must be registered with the Registrar of Companies (ROC) for which it requires to specify the shareholders' liability is confined to their investment. Further it is a matter of law that it requires a minimum of 2 and a maximum of 200 shareholders. Also, must adhere to statutory regulations and file periodic reports. It is different than a publicly traded company. thus, it is appropriate for small to medium-sized enterprises seeking limited liability and growth potential.

4. Public Limited Company - A public limited company is a separate legal entity that can sell its shares to the public for business also must follow a lot of compliances and is regulated by various authorities as, it is be publicly traded so its entails higher risks with respect to the public. it must be registered   with the ROC; the Shareholders' liability in this case is limited to their investment or shareholding percentage. It must have at least 3 directors and 7 shareholders. Added to that, its Shares can be traded on stock exchanges. Thus, it is suitable for large companies that need substantial capital and wish to raise funds from the public.

5. One Person Company (OPC)- An OPC is a type of private limited company that has only one shareholder. It is an amalgamation of sole proprietorship and private limited company. giving the ease of a sole proprietor and safety of limited company. However, it does require compliances to be followed, such registration with the ROC, GST registration periodic auditing etc. the benefit here is that the shareholder's liability is limited to their investment. In short it is ideal for individual entrepreneurs who want the advantages of a private limited company. 




Steps to Register a Company


The procedure of incorporation of company is very long and involves a lot of steps. these steps also require a lot of paper works documents and registrations from various departments.  here is brief: 

1. Obtaining a Director Identification Number (DIN)- Each company’s   director(s) must have a unique DIN, without which they cannot function legally.  To Apply for a DIN, you have to use Form DIR-3 on the Ministry of Corporate Affairs (MCA) portal, which requires -identity proof, address proof, and a passport-sized photo of the director. The DIN is granted after verification of these documents 

2. Name Approval- Each company’s name must be distinct and not resemble any existing company or trademark. This can be done by searching unique name in the RUN (Reserve Unique Name) form on the MCA portal. One must ensure the name adheres to MCA naming guidelines If approved, the name is reserved for 20 days for new companies.

3. Drafting the Memorandum of Association (MOA) and Articles of Association (AOA)- The MOA outlines the company's activities the company is allowed to undertake, while the AOA specifies internal rules of the company. one must create the MOA and AOA based on the company's objectives and regulations set by the Ministry of corporate affairs. The MOA has to include the company name, registered office, objectives, member liability, and share capital. On the other hand, the AOA has to include the details internal management aspects, such as director appointments and meeting procedures.

4. Filing the SPICe+ Form (Simplified Proforma for Incorporating Company Electronically)-  This must fill to get your company incorporated., and it includes services like name reservation, incorporation, and PAN/TAN applications. This form has two parts- Part A and Part B. then one has to Attach the following documents and pay the requisite fee

• MOA and AOA.
• Identity and address proof of directors.
• Proof of registered office address (e.g., utility bills, rental agreements).
• Declaration from subscribers and directors.
• Submit the form with the required documents.
 
After successful document verification, the Registrar of Companies (ROC) issues the Certificate of Incorporation, which includes the Company Identification Number (CIN), incorporation date, and company name.

Company Registration Services


Given the options of company’s and its difficult and complex process is very common to make errors and mistakes. Also, it’s not possible for everyone to know all the steps from pre incorporation to post incorporation. Therefore, one must seek help of experts who are educated in company and tax norms. Thus, you should trust Lex N Tax Associates from registering your company name to drafting the Memorandum of Association (MOA) and Articles of Association (AOA), obtaining Director Identification Numbers (DIN), acquiring the certificate of incorporation, setting up banking and financial resources, to commencing actual operations, holding Annual General Meetings (AGM), and filing annual returns with the registrar. 

We provide guidance on the overall functioning of your company and assist you with the online company registration process in Delhi, India. Our firm offers clients top-notch company formation services along with a wide range of additional services, including tax consultancy, business advisory, risk management, cost management, and accounts payable services. Lex N Tax Associates is always available to address your inquiries, such as how to register a new company in India, the online company registration process, the steps for online company registration services in Delhi, and the procedure for private limited company registration in Delhi.

Read More

LLP Formation

For LLP enlistment in India, Lex N Tax is the most dependable and financially savvy specialist co-op. We can help you in enrolling your LLP if looking for the best LLP registration in Delhi development administrations in India. The main edge of an LLP is one accomplice isn’t liable for another accomplice’s bad behavior or carelessness. Experts, Micro, and Small endeavors like to shape LLP for their business.



LLP registration Services in Delhi offers the advantage of restricted obligation towards proprietors and simultaneously, needs the least support. Limited Liability Partnership (LLP) formation involves the creation of a business entity that combines the features of a traditional partnership with the benefits of limited liability for its partners.

LLPs are popular business structures for professional services firms, small businesses, startups, and ventures where partners want to share profits and manage the business collectively while limiting their personal liability for the company's debts and obligations.

Lex N Tax Associates provides exceptional company registration services in Delhi, ensuring a smooth and hassle-free process. Our experienced team handles all legal requirements and paperwork efficiently, making business setup quick and easy.
Read More

Company Annual Compliances

Running of private Limited or a public restricted organization was utilized to be a straightforward methodology under Companies Act, 1956 as enrollment recorder of organizations (“ROC") didn’t use to take any serious action against defaulters, But under new organizations Act, 2013 there are severe reformatory plans for the opposition and if there is any event of default; association, regulatory personnel, are committed to significant discipline in cash related terms and other non-monetary remedial outcomes as well.



It is exceptionally significant to meet the Top Company Annual compliances Services in Delhi on schedule to stay away from reformatory outcomes. To keep an essential separation from these dangers, we at Lex N Tax Associates can help you by offering significant types of assistance to guarantee the achievement of all ROC legitimate and other related organization yearly compliances. Lex N Tax Associates provides Top Company Annual Compliances services in Delhi. 
Read More

Company Strike off

The start of every company is backed with the vision to remain functional forever. However, not all businesses remain successful in the long run. In general, there is a specific procedure to run a company and the same goes to close the company. There are two ways to close the company best strike-off Company Services in Delhi and winding of company. Although these two methods to close the company might seem similar in the first view, there are significant differences. In this article, we are going to discuss striking off the company and how to move ahead with the same.

It is an unfortunate scenario that a company is closing in the practical life. But, the process to strike off a company can be an overburdened and hectic task for anyone. The best Company Strike off services in Delhi can help provide consultation as well as assistance for the company closing services. 



Strike Off Company – What Does It Mean?
A company strike-off simply means dissolving a company that is no longer required. The company can be registered as a sole proprietor, limited liability partnership, or private limited organization. The owners need to follow a specific Procedure to strike off a Private limited Company if they’re sure to close it.
There can be certain reasons for the strike-off of a Company including ceasing trading, retirement, or no reason to run the company anymore. Striking off a company is enforced upon the management and hence also known as compulsory strike off.

Understanding Voluntary Company Strike Off Services in Delhi
A company director can share the volunteer request for striking-off a company by filling a DS01 form to Companies House. The business administration needs to pay the appropriate administration fee. The gazette will be released with the notice declaring the intention to close the company.

The business administration needs to pay the appropriate administration fee. The gazette will be released with the notice declaring the intention to close the company. The timeline for this entire process of 60 days. If no objections are received in this timeline, the is successful. Now, the company’s name will be removed from the register of Companies House and will cease to exist as a legal entity. 

It is a quick and cheap process to strike off a company as compared to other processes. However, not all companies follow this approach, but only those having certain circumstances. Best Strike off company Services is a pretty simple and informal approach to the closing company having no remaining debt, Substantial assets, and legal proceedings. It can also be closed down most suitably and efficiently.

Whether your company is in debt or has significant money or assets remaining, strike-off is not going to be favorable in such scenarios. Although, there are certain official procedures helpful in this case. You can utilize them to close down your company as per the financial position at the time of closure.

Why Should You Choose Strike Off LLP Company?
In case you wish to close an LLP business, you need to defunct and remove the name from the LLP register. Make an application to the registrar of companies via e-form 24 as per the closure under the LLP act. The closure application of LLP can be sent as per the voluntary winding up of the company. It should also be accountable to note if LLP has done any business for the previous year or more. When it comes to the procedure to strike-off LLP, it is pretty simple than any other company formation and category.

You can also submit the fast-track exit scheme for LLP after completing the previous returns of form 8, form 11, and ITR. It is mandatory to file the necessary closure documents for best striking off company Services in Delhi. If the business has not done any business since the incorporation, there is no need to submit any closure documents. You can also submit a fast track exit scheme of LLP in form 24 of LLP after closing the business activity. The first and foremost step is to close the current bank account used for the LLP. The LLP strike-off application just needs to add the mandatory attachments. These can be affidavits And indemnity bonds confirmed with the consent of the associated and designated partners. As you’ve applied to strike off the LLP company, the registrar of companies can put the LLP website and name for general public notice for more than a month. The company name will be completely dissolved from the registrar database after 30 days.
Read More

Company Annual Return Filing

Annual return is a yearly statement, required to be filed by every company irrespective of their nature or status, which highlights the information about company’s various aspects pertaining to its composition, activities, and financial position. Annual Return is not a tax return; it is simply a corporate law requirement and every company is legally obligated to file this return with Registrar of Companies (ROC).

The Companies Act 2013 mandates to put information in Annual Return as on the last date of Financial Year irrespective of information stood on the Date of AGM.



Company Annual Return Filing is a crucial requirement for every registered company, ensuring transparency and compliance with regulatory authorities. This process involves submitting financial and operational information about the company to the government, typically on an annual basis. The annual return includes details such as the company's financial statements, shareholdings, directors' information, and updates on any changes in the company's structure or governance.

Annual filing of a company involves submitting required documents and financial statements to regulatory authorities each year. This process ensures transparency, compliance with legal obligations, and provides stakeholders with a snapshot of the company's financial health and operational status. Annual ROC (Registrar of Companies) filing involves submitting various documents and financial statements to the ROC as required by the Companies Act. This filing ensures that the company complies with statutory regulations and provides stakeholders with updated information on the company's financial performance and governance. Timely ROC filing is crucial to avoid penalties and maintain good standing with regulatory authorities.

Read More

LLP Annual Return Filing

The annual return filing for a Limited Liability Partnership (LLP) is a crucial compliance requirement mandated by law. LLPs are obligated to submit their annual return, which encompasses various details such as the LLP's financial statements, profit and loss account, balance sheet, details of partners, and any changes in the LLP's structure during the year. This filing provides transparency and accountability, ensuring that the LLP is in compliance with statutory regulations and maintaining accurate records of its financial activities.

Timely LLP Annual Return Filing is crucial to avoid penalties and maintain good standing with regulatory authorities. It demonstrates the LLP's commitment to compliance and corporate governance standards, fostering trust among partners, investors, and other stakeholders.



Timely completion of LLP annual compliance helps uphold the LLP's legal status and facilitates smooth business operations.  

Failure to file the annual return within the stipulated time can lead to penalties and legal consequences, highlighting the importance of timely and accurate submission for LLPs to uphold their legal obligations and maintain good standing with regulatory authorities.



Read More

One Person Company Registration

In order to start a business on your alone, you can register as a one-person company under the Companies Act of 2013, which superseded the previous Companies Act of 1956, which mandated that a business have two directors or more.

The online OPC registration process provides a wealth of opportunity for professionals and individuals who possess the necessary knowledge and skills to manage businesses independently, but have been prevented from reaching their full potential because of the legal obligation to find partners.



Benefits of Forming OPC

Financial institutions and investors are all acceptable ways for an OPC to raise money. A one-man army can eventually develop into a private limited business.
Since an OPC is regarded as a small-scale industry, it is eligible for all of the advantages enjoyed by SSIs. For instance, banks are able to provide money without the need for a security deposit or tax benefits for company loans with low interest rates.
An OPC is regarded as a distinct legal entity that can operate and make money just like any other business.
The market is willing to trust a company operating under an organization's name.
To advance your business idea, if you are an entrepreneur seeking to earn money while working as a professional, you can register as a one-person corporation. It is simple, and there are several advantages, including tax and fund-raising.

OPC Registration Online


OPC Registration Online streamlines the process for setting up a One Person Company in India, offering a simplified and efficient way to complete necessary legal formalities. Entrepreneurs can submit their documents, obtain a Digital Signature Certificate (DSC), and receive their Certificate of Incorporation, all through an accessible online platform. This service is designed to support solo business owners, making it easier to establish their companies without extensive paperwork or delays. Lex N Tax Associates offers trusted OPC registration at very low price in Delhi and all over India.
Read More