What are the compliance requirements after a company is registered?

After registering a company in India, compliance requirements include: Appointment of a Statutory Auditor within 30 days, Filing of Annual Returns (Form MGT-7), Filing Financial Statements (Form AOC-4), Conducting at least four Board Meetings annually, Income Tax Filing (ITR-6), Maintenance of Books of Accounts, and GST Filing if applicable.

Can a foreign national or NRI be a director in an Indian company?

Yes, foreign nationals and NRIs can be directors of an Indian company if: The company has at least one resident director who has lived in India for at least 182 days in the previous calendar year, they obtain a Director Identification Number (DIN) and a Digital Signature Certificate (DSC), and they provide required documents including a passport, proof of address, and a consent declaration.

How can I conduct a company name search online?

To conduct a company name search: Visit the MCA Name Availability Tool on the MCA website, enter your proposed company name in the search bar, review similar names displayed, and ensure compliance with Companies Act 2013 naming guidelines. You can also check the trademark database to ensure the name is not trademarked by another entity.

What is the difference between authorized capital and paid-up capital?

Authorized Capital is the maximum amount of share capital a company is permitted to issue as per its Memorandum of Association (MOA). Paid-Up Capital is the actual amount received by the company from shareholders for the shares issued. For example, if authorized capital is ₹10,00,000, shares cannot exceed this value. If paid-up capital is ₹5,00,000, shareholders have contributed that amount.

How much does it cost to register a company in India?

The cost depends on the type of company. Government Fees include Name Reservation (₹1,000) and SPICe+ Form Filing (₹2,000 for authorized capital up to ₹10 lakh). Professional Fees range from ₹5,000-₹20,000. Additional Costs include Digital Signature Certificate (DSC) at ₹500-₹2,000 per director. PAN and TAN are included in SPICe+ filing.

How do I open a current bank account for my company?

To open a current bank account, submit the Certificate of Incorporation, PAN, Memorandum and Articles of Association, Board Resolution authorizing account opening, and KYC documents of directors to the chosen bank.

Does a private limited company have perpetual existence?

Yes, a private limited company has perpetual existence, meaning it continues to exist regardless of changes in ownership or the death of its members.

What are articles of association and memorandum of association?

The Memorandum of Association (MOA) defines a company's objectives, scope, and relationship with external parties. The Articles of Association (AOA) outline the rules and regulations for the company's internal management and governance.

What are the penalties for non-compliance with annual filings?

Penalties include a late filing fee of ₹100 per day per form, disqualification of directors for up to 5 years, fines ranging from ₹50,000 to ₹5,00,000, and in severe cases the company may be struck off the MCA register.

What are the corporate tax rates for companies in India?

Domestic companies are taxed at 30%, or 25% if turnover is up to ₹400 crore, with a concessional rate of 22% (25.17% effective) for companies not claiming exemptions and 15% (17.16% effective) for new manufacturing companies. Foreign companies are taxed at 40%.

Is GST registration mandatory during company registration?

GST registration is not mandatory during company registration. However, it is required if the company's turnover exceeds ₹40 lakh for goods or ₹20 lakh for services. It is also mandatory for companies involved in inter-state supply or e-commerce activities.

What is the minimum and maximum number of shareholders allowed?

A private limited company requires a minimum of 2 shareholders and allows a maximum of 200. A public limited company requires a minimum of 7 shareholders, with no limit on the maximum number.

Can I register a company using a virtual office address?

Yes, you can register a company using a virtual office address, provided it is a legally valid address and you have the necessary documentation, such as a rental agreement and utility bills, to verify its authenticity.

How many days does it take to register a company?

Company registration in India usually takes about 7-10 working days if all documents are in order. Using the SPICe+ form can speed up the process since it combines multiple services like PAN, TAN, and GST registration.

Who governs and controls private limited companies in India?

Private limited companies in India are governed by the Companies Act, 2013, regulated by the Ministry of Corporate Affairs (MCA), with day-to-day operations managed by the Board of Directors. Shareholders have the power to appoint or remove directors through voting.

What documents are required for company registration in India?

Required documents include PAN cards for directors and shareholders, passport for foreign nationals, Aadhaar or Voter ID for identity proof, bank statements or utility bills for address proof, MOA and AOA, and proof of office address and rent agreement.

What are the benefits of registering a private limited company?

Benefits include limited liability, separate legal entity, ease in fundraising, tax advantages, and a more professional image with clients and partners. It is ideal for startups and SMEs.

What is the process for registering a company in India?

The process includes: 1) Obtain Digital Signature Certificate (DSC) for proposed directors, 2) Obtain Director Identification Number (DIN), 3) Reserve company name through MCA portal, 4) Prepare and file SPICe+ form with required documents, 5) Pay government fees, and 6) Receive Certificate of Incorporation upon approval.

Can I convert my sole proprietorship or partnership into a private limited company?

Yes, you can convert a sole proprietorship or partnership into a private limited company by following the conversion process outlined by the MCA, which includes obtaining DIN for directors, reserving a new company name, and filing the necessary forms along with the required documents.

What are the ongoing compliance requirements after company registration?

Ongoing compliance includes: 1) Annual General Meeting (AGM) within 6 months of financial year-end, 2) Filing of Annual Returns (Form MGT-7) and Financial Statements (Form AOC-4), 3) Income Tax Return filing (ITR-6), 4) GST returns if applicable, 5) Maintaining statutory registers and records, and 6) Complying with labor laws and other applicable regulations.

How can I check the status of my company registration application?

You can check the status of your company registration application by visiting the MCA website, navigating to the 'MCA Services' section, and using the 'Track Application Status' feature by entering your application number or CIN.

What are the common reasons for company registration rejection?

Common reasons for rejection include: 1) Name similarity with existing companies, 2) Incomplete or incorrect documentation, 3) Non-compliance with naming guidelines, 4) Invalid DSC or DIN, and 5) Issues with the proposed registered office address.

Can I register a company without a physical office address?

No, a physical office address is required for company registration in India. However, you can use a virtual office address as long as it is a legally valid address and you have the necessary documentation to verify it.

What is the difference between a private limited company and a public limited company?

A private limited company has restrictions on share transfers and a maximum of 200 shareholders, while a public limited company can offer shares to the public and has no limit on shareholders. Public companies are also subject to more stringent regulatory requirements.

How do I choose a unique name for my company?

To choose a unique name, ensure it is not identical or similar to existing companies by using the MCA Name Availability Tool. Follow naming guidelines such as avoiding offensive words, ensuring it ends with 'Private Limited' for private companies, and considering trademark availability.

What are the tax implications of registering a company in India?

Tax implications include corporate tax rates (30% or concessional rates), Goods and Services Tax (GST) if applicable, Dividend Distribution Tax (DDT) on dividends paid to shareholders, and compliance with transfer pricing regulations for international transactions.

Can I register a one-person company (OPC) instead of a private limited company?

Yes, you can register an OPC if you are an individual entrepreneur who wants to start a business without partners. An OPC allows for single ownership while providing limited liability protection.

What is the role of directors in a private limited company?

Directors are responsible for managing the company's affairs, making strategic decisions, ensuring compliance with legal requirements, and acting in the best interest of the company and its shareholders.

How do I file annual returns and financial statements after registering my company?

Annual returns and financial statements can be filed through the MCA portal using Form MGT-7 for annual returns and Form AOC-4 for financial statements. Ensure you have all necessary information and documents ready before filing.

What are the advantages of registering a company in India?

Advantages include limited liability protection, separate legal entity status, easier access to funding and investment, tax benefits, enhanced credibility with customers and partners, and perpetual succession.

How can I get a Digital Signature Certificate (DSC) for company registration?

You can obtain a DSC from government-approved certifying authorities in India. The process typically involves submitting an application form along with identity and address proof documents, and paying the required fee.

What is the significance of a Director Identification Number (DIN) in company registration?

A DIN is a unique identification number assigned to individuals who wish to become directors of a company. It is mandatory for all directors and is used to track their involvement in various companies.

Can I register a company in India if I am a foreign national?

Yes, foreign nationals can register a company in India as long as they meet the requirements, such as having at least one resident director and obtaining the necessary documentation like DIN and DSC.

What are the steps involved in registering a private limited company?

Steps include: 1) Obtain DSC for proposed directors, 2) Obtain DIN, 3) Reserve company name, 4) Prepare MOA and AOA, 5) File SPICe+ form with required documents, 6) Pay government fees, and 7) Receive Certificate of Incorporation.

How do I ensure compliance with the Companies Act after registering my company?

Ensure compliance by conducting regular board meetings, maintaining statutory registers, filing annual returns and financial statements on time, adhering to tax regulations, and keeping up-to-date with any changes in laws that may affect your business.

What are the common challenges faced during company registration?

Common challenges include name approval issues, document verification delays, technical glitches on the MCA portal, understanding complex legal requirements, and ensuring all compliance criteria are met.

Can I register a company online without visiting any government office?

Yes, you can register a company online through the MCA portal using the SPICe+ form which allows for digital submission of all required documents and payment of fees without needing to visit any government office.

What is the importance of a registered office address for company registration?

A registered office address is important because it is the official address of the company where all communications and notices from the government and other entities are sent. It must be a physical address in India and cannot be a P.O. Box.

What are the benefits of using a virtual office address for company registration?

Using a virtual office address can provide benefits such as cost savings on physical office space, flexibility in location, and access to professional services like mail handling and call forwarding. However, it is important to ensure that the virtual office address is legally valid and meets the requirements for company registration.

What is the process for reserving a company name?

To reserve a company name, you need to use the MCA Name Availability Tool on the MCA website. Enter your proposed company name and check for availability. If the name is available and complies with naming guidelines, you can proceed to reserve it by filing the necessary form and paying the required fee.

How do I prepare the Memorandum of Association (MOA) and Articles of Association (AOA)?

The MOA should include the company's name, registered office address, objectives, liability of members, share capital details, and subscriber information. The AOA should outline the rules for internal management, including share transfer procedures, meeting protocols, and director responsibilities. You can use templates or seek professional help to ensure they meet legal requirements.

Expert LLP Filing Assistance - Get Started Today

LLP Partner Addition Services in Lakshadweep

Add New Partner to Your LLP with Expert Support - Starting @ ₹3,499 Only

100% Online Process. MCA Filing. LLP Agreement Amendment.

Form-4 Filing (Notice of Appointment)
Form-3 Filing (LLP Agreement Amendment)
Supplementary LLP Agreement Drafting
DPIN Application for New Partner
Partner Resolution Preparation
MCA Portal Submission

Expert Consultation in Minutes

What Sets Us Apart

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Siddhu Manoj Founder & CEO of Two-LYP Computations Pvt. Ltd.

“Incorporating my Startup with IncorpX was an incredibly smooth and hassle-free experience. The team was highly professional, guiding us every step of the way with clear communication and prompt support. The registration process was fast, and every detail was handled with precision and accuracy. Highly recommend IncorpX for anyone starting a business.”

Abhishek Lohani Director at Lohani Learnings

“Company is good and service is also smooth. I used their compliance service and the response was timely with no delay and price are also convenient. They are always available to cater your need.”

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“I am very satisfied with the team of IncorpX for providing the top notch services. Team of IncorpX was giving the update on daily basis was one of the best thing which I experience in Corporate. keep doing it. Thank you!”

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“Don't think twice.Got my company incorporates here. Tbh very impressed by the quality of service provided by this team. Very organized and friendly team. Had a smooth and peaceful experience. Timely regular updates were provided by the team. Overall a great experience.”

Anoop Krishnan Founder of EIGHTH DAY FORGE

“It's rare to find a service provider who makes the process feel personal - IncorpX absolutely did. From day one, they patiently explained every detail without any jargon, making it easy to understand and stress-free. There was zero chasing, no delays-just efficient, smooth execution all the way through. I felt supported, heard, and confident at every step of registering my company EIGHTH DAY FORGE (OPC) Private Limited. Thanks to Mr. Sriram and his wonderful team.”

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“IncorpX made the entire registration process for our company, EKnal Technologies, smooth and stress-free. Their team was professional, efficient, and incredibly supportive from start to finish. Highly recommend them to any founder looking for a reliable partner in their business journey! Special shoutout to Sriram and Aswin-your support, clarity, and responsiveness made the whole process incredibly smooth.”

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Quick incorporation process - most companies registered in 7-10 working days.

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HERE'S HOW IT WORKS

1. Fill the Form

Complete the quick inquiry form above.

2. Call to discuss

A dedicated expert will call to understand your requirements.

3. Add Partner to Your LLP

Get professional assistance with LLP partner induction including all MCA filings. Quick and hassle-free.

SIMPLE & TRANSPARENT PRICING

LLP Partner Addition Package in Lakshadweep

₹3499 /one-time

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5-day turnaround 100% guaranteed

Form-4 Filing (Partner Appointment)
Form-3 Filing (Agreement Amendment)
Supplementary LLP Agreement Draft
DPIN Application (If Required)
Partner Admission Resolution
Consent Letter from New Partner
MCA Portal Filing & Submission
Government Fee Payment Assistance
Expert CA/CS Support
Filing Confirmation & Receipts

*Govt fees charged at actuals based on your company type

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IncorpX Prime

Premium incorporation service designed for founders who value speed, compliance, and dedicated support.

Key Benefits

Dedicated relationship manager assigned to your company.
Application prepared and filed within 2 days.
Round-the-clock WhatsApp support.

Important Notes

Priority name reservation to secure your preferred company name.
Backup names prepared in case your first choice is unavailable.

First-year compliance bundle included: auditor setup, ROC filings, and annual returns.

Overview Key Features Partner Types Requirements Process Timeline FAQs

LLP PARTNER ADDITION - AN OVERVIEW

LLP Partner Addition refers to the process of inducting a new partner into an existing Limited Liability Partnership (LLP). Under the LLP Act, 2008, partners can be added to an LLP at any time, subject to the provisions of the LLP Agreement. The addition requires filing Form-4 with the Registrar of Companies (ROC) within 30 days of the partner's admission.

When a new partner joins an LLP, the LLP Agreement typically needs to be amended to reflect the change in partnership structure, capital contribution, profit sharing ratio, and roles. This amendment is filed with ROC using Form-3. If the new partner doesn't already have a Designated Partner Identification Number (DPIN), that must be obtained first.

Partner addition is a common event in growing LLPs - whether for bringing in new expertise, capital infusion, or family succession planning. The process is relatively straightforward compared to companies, but timely filing is important as late filing attracts penalties of ₹100 per day.

At IncorpX, we provide end-to-end LLP Partner Addition Services including DPIN application, Form-4 and Form-3 filing, LLP Agreement amendment, and all supporting documentation. Our expert team ensures smooth and compliant partner induction.

What is LLP Partner Addition?

LLP Partner Addition is the legal process of admitting a new partner into an existing LLP. Unlike companies where shareholders can be added through share transfer, LLPs work on mutual agreement - the existing partners must consent to admit a new partner as per the terms of the LLP Agreement.

The new partner can be admitted as a Designated Partner (with management and compliance responsibilities) or as a Regular Partner (with profit-sharing rights but limited management role). All partners in an LLP must have a valid DPIN, which is similar to DIN for company directors.

The addition process involves executing a Supplementary LLP Agreement that specifies the new partner's contribution, profit share, and rights. This agreement, along with the partner appointment, must be intimated to ROC within the prescribed timeline.

Key Aspects of Partner Addition:

Partner Consent: Existing partners must agree to admit the new partner as per LLP Agreement terms.
DPIN Requirement: New partner must have a valid Designated Partner Identification Number.
Capital Contribution: New partner's contribution to LLP capital must be defined and recorded.
Profit Sharing: Revised profit/loss sharing ratio among all partners must be documented.

Did You Know?

Unlike companies, an LLP can have unlimited partners. There's no maximum limit on the number of partners in an LLP. However, there must be at least two partners at all times, and at least two must be Designated Partners. At least one Designated Partner must be a resident of India.

Types of Partners in an LLP:

Understanding the difference between partner types is important when adding a new partner:

Aspect	Designated Partner	Regular Partner
Definition	Partner with additional compliance responsibilities	Partner with standard rights and obligations
Minimum Required	At least 2 (one must be Indian resident)	No minimum requirement
DPIN Requirement	Mandatory	Mandatory for all partners
Compliance Liability	Responsible for statutory compliances	Not directly responsible
Signing Authority	Signs regulatory forms on behalf of LLP	Limited signing authority
Penal Liability	Personal liability for non-compliance	Limited liability
Profit Sharing	As per LLP Agreement	As per LLP Agreement

What Are the Key Features of Our Partner Addition Services in Lakshadweep?

Our LLP Partner Addition Services ensure smooth and compliant partner induction:

1. DPIN Application

We handle DPIN/DIN application for new partners who don't have one.

2. Agreement Drafting

Professional drafting of Supplementary LLP Agreement with all terms.

3. Form-4 Filing

Complete preparation and filing of Form-4 for partner appointment.

4. Form-3 Filing

Filing of amended LLP Agreement with ROC using Form-3.

5. Resolution Preparation

Drafting partner admission resolution and consent documents.

6. Expert CA/CS Support

Qualified professionals handle all documentation and filings.

7. Quick Turnaround

Efficient processing ensures timely filing within deadlines.

8. Pan-India Service

100% online process. We serve LLPs across all states remotely.

9. Transparent Pricing

Clear pricing with no hidden charges. Government fees communicated upfront.

10. Dedicated Support

Personal relationship manager for coordination and queries.

Documents Required for Partner Addition in Lakshadweep:

To add a new partner to your LLP, keep the following documents ready:

PAN Card of New Partner

Aadhaar Card of New Partner

Passport Size Photo (Recent)

Address Proof (Utility Bill/Bank Statement)

DPIN Number (If Already Has One)

Digital Signature Certificate (DSC)

Existing LLP Agreement Copy

LLP LLPIN and PAN

Additional Documents for Specific Cases:

Partner Type	Additional Requirements
Foreign National Partner	Passport, Visa, Foreign Address Proof (Apostilled)
NRI Partner	Passport, OCI/PIO Card, Foreign Address Proof
Corporate Partner (Company/LLP)	Board Resolution, Certificate of Incorporation, Authorized Representative Details
Minor Partner (Through Guardian)	Birth Certificate, Guardian's KYC, Guardian Consent

Step-by-Step Partner Addition Process in Lakshadweep:

Here's how we handle your LLP partner addition:

Step 1: Document Collection

We collect KYC documents of the new partner and existing LLP details through our secure online portal.

Step 2: DPIN Application (If Required)

If the new partner doesn't have a DPIN/DIN, we apply for one using Form DIR-3.

Step 3: DSC Arrangement

We assist the new partner in obtaining a Digital Signature Certificate if not already available.

Step 4: Agreement & Resolution Drafting

We prepare the Supplementary LLP Agreement and Partner Admission Resolution with all terms.

Step 5: Document Execution

Partners sign the supplementary agreement and resolution documents.

Step 6: Form-4 Filing

We file Form-4 (Notice of Appointment of Partner) with ROC within 30 days of admission.

Step 7: Form-3 Filing

We file Form-3 with the amended LLP Agreement to update ROC records.

Step 8: Confirmation & Records

You receive filing confirmations, updated LLP Agreement, and all documentation for records.

Quick and compliant partner addition with IncorpX!

Filing Timeline & Deadlines:

Form	Purpose	Filing Deadline	Late Filing Penalty
Form-4	Notice of Partner Appointment	Within 30 days of admission	₹100/day of delay
Form-3	LLP Agreement Amendment	Within 30 days of amendment	₹100/day of delay

Typical Processing Time:

DPIN Application: 1-2 working days

DSC Issuance: 1-2 working days

Form-4 Approval: 2-3 working days

Form-3 Approval: 2-3 working days

Total Process: 5-7 working days

Why Choose IncorpX for LLP Partner Addition in Lakshadweep?

Expert Team: Qualified CA/CS with extensive LLP filing experience.

Complete Service: DPIN, DSC, Form-4, Form-3, Agreement - all covered.

Quick Turnaround: Partner addition within 5-7 working days.

Transparent Pricing: All-inclusive pricing with no hidden charges.

Pan-India Service: 100% online, we serve LLPs across India.

Dedicated Support: Personal manager throughout the process.

FAQs on LLP Partner Addition

Here are answers to the most frequently asked questions about LLP Partner Addition:

To add a new partner, you need to execute a Supplementary LLP Agreement, file Form-4 (Notice of Appointment) and Form-3 (Agreement Amendment) with ROC within 30 days of the partner's admission.

DPIN (Designated Partner Identification Number) is a unique number required for all LLP partners. Yes, every new partner must have a valid DPIN before being admitted to the LLP.

Form-4 must be filed within 30 days from the date of partner admission. Late filing attracts a penalty of ₹100 per day of delay.

Yes, a Digital Signature Certificate (DSC) is required for signing the MCA forms. Both existing Designated Partners and new partners need DSC for the filing.

Yes, a body corporate (company or LLP) can become a partner in an LLP through a nominee. The nominee individual will be designated to act on behalf of the corporate partner.

Yes, NRIs and foreign nationals can be partners in an LLP. However, at least one Designated Partner must be a resident of India (stay in India for 182+ days).

There is no minimum capital requirement for LLP partners. The contribution amount is decided by mutual agreement and mentioned in the LLP Agreement.

Yes, a Supplementary LLP Agreement should be executed to specify the new partner's contribution, profit share, and rights. This is filed with ROC using Form-3.

The complete process typically takes 5-7 working days from document submission, including DPIN application (if needed) and MCA filing approvals.

Designated Partners have additional responsibilities for statutory compliances and signing regulatory forms. Regular partners have profit-sharing rights but limited compliance obligations.

Yes, multiple partners can be added simultaneously. Each new partner's details will be included in the same Form-4, and the LLP Agreement will cover all additions.

Late filing attracts a penalty of ₹100 per day of delay. The form can still be filed after the deadline, but additional fees will apply based on delay duration.

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The team was very responsive and helpful. I received daily updates from the WhatsApp group, and their guidance made everything much simpler to comprehend. If you want a simple and hassle-free way to launch your business, I would highly recommend them!

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I recently used IncorpX to register my limited liability partnership, and I had an amazing experience! There were no hidden fees, and the team was helpful, quick to respond, and open. They provided thorough explanations of each step, and their services are reasonably priced without sacrificing quality. The entire process was made simple by IncorpX's professionalism, attention to detail, and sincere support. Strongly advised!

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(4.8 out of 5)

The experience was flawless; the team completed each task with care and always responded quickly. Throughout the process, I never felt stuck. We would especially like to thank Saksham and Sriram for making everything run so smoothly! The IncorpX team offers extremely competitive pricing; anyone just starting out should definitely get in touch with them.

2025-09-17

Mohammed Affan

Verified

(4.9 out of 5)

I'm really grateful to the wonderful team at IncorpX for helping bring my co-founder's and my dream to life. The whole process was super smooth - fast service, great support, and no hassles at all. I'd highly recommend IncorpX to any new entrepreneur or founder looking to register their company. Excited to continue working with them in the long run. Thank you, IncorpX!

2025-07-21

Riyom Taipodia

Verified

(4.6 out of 5)

One of the best agency I have ever experienced. Team members are very friendly as if we know each other from before and came communicate and share easily. My work has been done in a very short period and I am so happy. Thank you so much.

2025-10-05

Ayyappa Swamy

Verified

(5 out of 5)

Highly recommend... IncorpX services regarding incorporation of our company and roc filing and all are very impressive.. the team IncorpX is polite and friendly. Our Lands Time pvt ltd has incorporated through IncorpX... And thanks to IncorpX team..

2025-10-25

Ramesh Babu

Verified

(4.9 out of 5)

Trouble free service, Rendering good co-operation for company incorporation. Trust worthy team to have better knowledge.

2025-09-21

Pravesh Kudesia

Verified

(5 out of 5)

IncorpX is providing best service... And user experience! Thank You IncorpX Team

2025-10-30

Balaji Gutte

Verified

(4.9 out of 5)

I recently got my Private Limited Company incorporated through IncorpX, and the experience was seamless! The team was professional, supportive, and quick to respond throughout the process. Highly recommend IncorpX for a smooth and stress-free company registration experience.

2025-11-02

Dia

Verified

(5 out of 5)

I'd been planning to register my Private Limited Company for months but didn't know where to start - until I found IncorpX. The team guided me step by step, explained everything clearly, and completed the registration smoothly within the promised timeline. Their pricing was transparent with no hidden charges. Highly recommend IncorpX to anyone starting a business!

2025-10-07

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LLP PARTNER ADDITION - AN OVERVIEW

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Step-by-Step Partner Addition Process in Lakshadweep:

Step 1: Document Collection

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