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 Removal Services in Proddatur

Remove Partner from Your LLP with Expert Support - Starting @ ₹3,499 Only

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

Form-4 Filing (Notice of Cessation)
Form-3 Filing (LLP Agreement Amendment)
Supplementary LLP Agreement Drafting
Partner Resignation Documentation
Settlement Agreement Support
MCA Portal Submission

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“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.”

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“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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“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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HERE'S HOW IT WORKS

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2. Call to discuss

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3. Remove Partner from Your LLP

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Form-4 Filing (Partner Cessation)
Form-3 Filing (Agreement Amendment)
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Settlement Agreement Template
Resolution for Partner Exit
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*Government fees are additional and vary based on company structure

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Important Notes

We strive to register your preferred business name whenever feasible.
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 Exit Methods Requirements Process Key Points FAQs

LLP PARTNER REMOVAL - AN OVERVIEW

LLP Partner Removal refers to the process by which a partner ceases to be associated with a Limited Liability Partnership (LLP). Under the LLP Act, 2008, a partner may leave an LLP through resignation, retirement, expulsion (as per agreement terms), or death. The cessation must be intimated to the Registrar of Companies (ROC) by filing Form-4 within 30 days.

When a partner exits, the LLP Agreement typically needs amendment to reflect the revised partnership structure, capital distribution, and profit-sharing arrangements. This amendment is filed with ROC using Form-3. The settlement of the outgoing partner's capital and dues should also be documented properly.

It's important to note that an LLP must always have a minimum of two partners and at least two Designated Partners (one being an Indian resident). If a partner's exit brings the count below this threshold, a replacement must be inducted simultaneously or prior to the exit.

At IncorpX, we provide end-to-end LLP Partner Removal Services including Form-4 filing, LLP Agreement amendment, resignation documentation, and settlement agreement support. Our expert team ensures compliant and smooth partner exits.

What is LLP Partner Removal?

LLP Partner Removal or cessation is the legal process by which a partner's association with an LLP comes to an end. Unlike a company where shares can simply be sold, LLP partnership is based on mutual agreement and requires formal documentation and regulatory filing.

A partner may exit voluntarily (resignation/retirement) or involuntarily (expulsion/death). The terms governing partner exit should be clearly defined in the LLP Agreement. In the absence of specific terms, the provisions of the LLP Act and Schedule I apply.

The exit process involves settling the outgoing partner's capital contribution, share of profits/losses, and any other dues. The remaining partners continue the LLP business, and the liability of the outgoing partner is limited to the period of their association.

Key Aspects of Partner Removal:

Minimum Partner Rule: LLP must maintain at least 2 partners at all times. Plan replacement if needed.
Settlement of Dues: Outgoing partner's capital and profit share must be settled as per agreement.
Liability Limitation: Exiting partner's liability is limited to the partnership period and their contribution.
Agreement Amendment: LLP Agreement must be amended to reflect revised partner structure.

Important Note

If a partner's cessation brings the number of partners below two, and the LLP carries on business for more than 6 months with only one partner, that remaining partner shall be personally liable for the LLP's obligations. Always ensure minimum partner count is maintained.

Methods of Partner Exit from LLP:

A partner can exit an LLP through various means:

Exit Method	Description	Key Requirement	Form Filing
Resignation	Partner voluntarily resigns from the LLP	Resignation letter, notice period as per agreement	Form-4 within 30 days
Retirement	Partner retires as per agreement terms (age/tenure)	Retirement notice, settlement terms	Form-4 within 30 days
Expulsion	Partner removed by other partners as per agreement	Grounds for expulsion, due process followed	Form-4 within 30 days
Transfer	Partner transfers rights to another person	All partners' consent, new partner admission	Form-4 for both exit and entry
Death	Partner passes away	Death certificate, settlement with legal heirs	Form-4 within 30 days
Insolvency	Partner declared insolvent by court	Court order/insolvency certificate	Form-4 within 30 days

What Are the Key Features of Our Partner Removal Services in Proddatur?

Our LLP Partner Removal Services ensure smooth and compliant partner exit:

1. Resignation Documentation

Professional drafting of resignation letter and acceptance documents.

2. Form-4 Filing

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

3. Form-3 Filing

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

4. Agreement Amendment

Drafting Supplementary Agreement with revised partner structure.

5. Settlement Support

Template for capital settlement and dues clearance documentation.

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 Removal in Proddatur:

To remove a partner from your LLP, keep the following documents ready:

Resignation Letter from Outgoing Partner

Resignation Acceptance by Remaining Partners

Existing LLP Agreement Copy

LLP LLPIN and PAN

Digital Signature Certificate (DSC) of Designated Partners

DPIN Details of All Partners

Settlement/NOC from Outgoing Partner

Consent of Continuing Partners

Additional Documents for Specific Cases:

Exit Reason	Additional Documents Required
Death of Partner	Death Certificate, Legal Heir Documents, Succession Details
Expulsion of Partner	Evidence of grounds, Resolution for expulsion, Notices served
Partner Transfer	Transfer Agreement, New Partner KYC, Consent of all partners
Insolvency	Court Order/Insolvency Certificate

Step-by-Step Partner Removal Process in Proddatur:

Here's how we handle your LLP partner removal:

Step 1: Consultation & Planning

We understand the reason for exit and advise on the best approach, ensuring minimum partner requirements are met.

Step 2: Document Collection

We collect LLP details, resignation letter, and consent documents through our secure online portal.

Step 3: Resignation Documentation

We prepare formal resignation letter, acceptance, and settlement agreement documents.

Step 4: Agreement Amendment Drafting

We draft the Supplementary LLP Agreement reflecting revised partner structure and profit sharing.

Step 5: Document Execution

Partners sign the resignation acceptance, settlement agreement, and supplementary agreement.

Step 6: Form-4 Filing

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

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.

Smooth and compliant partner exit with IncorpX!

Key Considerations for Partner Removal:

Keep these important points in mind when removing a partner:

Minimum 2 partners must remain at all times

At least 2 Designated Partners required (1 Indian resident)

File Form-4 within 30 days to avoid penalties

Settle outgoing partner's capital and dues properly

Obtain NOC/settlement letter from exiting partner

Update bank mandates and authorizations

Impact of Partner Removal:

Aspect	Impact	Action Required
Profit Sharing	Revised ratio among remaining partners	Amend LLP Agreement
Capital Structure	Change in total and individual contributions	Update contribution details
Bank Account	Signatory changes needed	Update bank mandates
GST/Tax	Update authorized signatory if needed	Amend GST registration
Contracts	Review contracts signed by exiting partner	Update agreements if needed

Why Choose IncorpX for LLP Partner Removal in Proddatur?

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

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

Quick Turnaround: Partner removal 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 Removal

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

A partner can be removed through resignation, retirement, expulsion (as per agreement terms), transfer, death, or insolvency. The cessation must be filed with ROC using Form-4 within 30 days.

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

No, an LLP must have minimum 2 partners at all times. If it falls to one partner and continues for more than 6 months, the remaining partner becomes personally liable for LLP obligations.

The exiting partner's capital contribution is settled as per the terms of the LLP Agreement or mutual settlement. This includes their share of profits/losses up to the date of exit.

The exiting partner's liability is limited to the period of their association and extent of their contribution. They're not liable for debts incurred after their exit.

Yes, if the LLP Agreement provides grounds for expulsion (such as misconduct, breach of agreement), a partner can be expelled following the prescribed procedure in the agreement.

Yes, a Supplementary LLP Agreement should be executed reflecting the revised partner structure, capital, and profit sharing. This is filed with ROC using Form-3.

The LLP must have at least 2 Designated Partners. Before the exit, another partner must be designated as Designated Partner, or a new Designated Partner must be inducted.

The complete process typically takes 5-7 working days from document submission, including documentation preparation and MCA filing approvals.

For resignation/retirement, the exiting partner initiates it. For expulsion, the agreement terms must be followed. The DSC of remaining Designated Partners is used for filing.

In case of death, Form-4 is filed with death certificate. The deceased partner's capital/dues are settled with legal heirs as per the agreement or succession laws.

Yes, you can file Form-4 for both cessation and admission simultaneously. This is common when maintaining minimum partner count or when one partner replaces another.

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Code Bonding

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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!

2025-08-10

Simon Job

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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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Jay R

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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

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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 REMOVAL - AN OVERVIEW

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Step-by-Step Partner Removal Process in Proddatur:

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