COMPANY AND LLP COMPLIANCES
At Akyca.com, we understand that navigating the intricate landscape of company and LLP compliances is vital for the smooth functioning and sustained growth of your business. Our dedicated team at Ashwin K. Yagnik Chartered Accountants is committed to assisting you in meeting these obligations effectively.
“Streamlined Solutions for Stress-Free Tax Compliance”
Company Registration
In the bustling cities of Ahmedabad and Mehsana, numerous businesses have earned the distinction of being flagship or premium brands in their respective industries. If you are considering starting a new venture to compete with industry giants or expanding your existing business, registering your business or setting up a company in India might be on your mind. Many people prefer opting for private limited company registration in Ahmedabad and Mehsana due to the various benefits it offers to entities.
Certification and Attestation Services
In Ahmedabad and Mehsana, certification and attestation services play a crucial role as they involve the issuance of certificates to clients for various purposes under different laws and regulations. These certificates are essential for businesses, depending on the nature of the entity, events required by the law, financial arrangements with banks or financial institutions, availing benefits and deductions under different statutes, and ensuring compliance with periodic rules and regulations
LLP Formations
In India, Limited Liability Partnerships (LLPs) gained popularity following the enactment of the Limited Liability Partnership Act in 2008. Numerous start-ups and small businesses opted for this partnership form, attracted by its combined advantages of traditional partnerships and companies.
Foreign Company Setup in India
India has cheap human labour, land, water, electricity in abundance, which lures many foreign companies to establish their place of business in India also. Like other companies operating their businesses in India, foreign companies must comply with some rules and regulations. In this text, we have tried to cover how foreign companies start a business in India and almost every requirement to be complied with by a foreign entity according to the Companies Act, 2013.
Company Annual Compliances
In the past, setting up a private or public limited company was a straightforward process governed by the Companies Act of 1956. Back then, the registrar of companies (“ROC”) rarely took serious actions against those who failed to comply with the regulations. However, with the implementation of the new Companies Act in 2013, there are now stringent reforms in place to enforce compliance.
LLP Annual Filings
To ensure compliance and avoid significant penalties under the law, Limited Liability Partnerships (LLPs) must file returns regularly. While LLPs have relatively fewer annual compliances compared to private limited companies, the fines and penalties for non-compliance can be substantial. In contrast, non-compliance for a private company may result in penalties of around one lakh rupees, whereas for an LLP, it could be as high as five lakh rupees.
FC-GPR and RBI Compliance
The Reserve Bank has recently introduced an online application called FIRMS (Foreign Investment Reporting and Management System), which facilitates the reporting of the form FC-GPR (Foreign Currency- Gross Provisional Return). To gain a better understanding of this form, we will explore the filing procedure, basic provisions, FC-GPR checklist, and frequently asked questions (FAQs) related to FC-GPR.
Company Strike Off and LLP Closure
There are various methods by which a company can cease to exist, and one of them is the striking off of its name from the register of company names. A company that is not functioning and wishes to remove its name from the registrar’s records may choose this option.
Contact us at the Consulting WP office nearest to you or submit a business inquiry online.
“I can confidently say that AKYCA is the go-to partner for all our taxation needs. Their team’s depth of knowledge, responsiveness, and proactive approach have consistently exceeded our expectations. Whether it’s tax planning, audit, or GST compliance, we trust [Your Company Name] to deliver exceptional results.”
