Register a Private Limited Company in Assam

Private Limited Company Registration in India, Assam is a process that involves obtaining a unique name for the company, filing the necessary documents with the Ministry of Corporate Affairs (MCA), and paying the required fees. The process can be completed online or through a professional service provider. Once the company is registered, it is considered a separate legal entity from its owners and has limited liability. This means that the owners' personal assets are protected from the company's debts and liabilities.

If you are looking to register a PVT ltd company online in Assam you should know about the benefits, documents, eligibility, basic requirements, types of business entities, business compliance, business registration services, faqs and why Vakilsearch is the best choice to form a company incorporation in Assam.

Private Limited Company Registration in Assam - Overview

Company registration in Assam requires following the guidelines established by the Companies Act, 2013. The state's economy is multifaceted, with a significant reliance on agriculture, tea production, and the petroleum industry. Additionally, Assam has seen strides in sectors like tourism, handloom, and handicrafts, providing ample opportunities for entrepreneurial ventures. The state government initiatives to streamline processes for registering a Private Limited Company Online in Assam. It promotes ease of doing business and further enhances the state's appeal for company registration, attracting both local and international investors.

In recent years, Assam has displayed notable economic growth driven by various factors. The state's rich natural resources, including oil, natural gas, and tea, contribute significantly to its economic output. Moreover, the government's focus on infrastructure development, skill enhancement programs, and policies supporting industries like pharmaceuticals and textiles bolster the state's economic prospects.

Did You Know?
The number of companies registered in the state increased by 11% in the year 2013-14 and the total authorised capital of these companies was ₹6,356 crore. The anticipated Gross State Domestic Product (GSDP) of Assam in the fiscal year 2023-24, at current prices, is expected to reach ₹5.67 lakh crore, reflecting a growth rate of 15% compared to the figures recorded in 2022-23.

Projections indicate that expenditures, excluding debt repayment, are estimated to total ₹1,35,348 crore in 2023-24, depicting an 11% decline compared to the revised estimates of the preceding fiscal year, 2022-23.

Benefits of PVT Limited Company Registration in Assam

Limited Liability Protection

Company registration in Assam provides limited liability protection to its directors and shareholders. This means that they are not personally liable for the company's debts or obligations. This protection is essential for businesses, as it encourages entrepreneurship and innovation without the fear of personal financial ruin.

Access to Capital

Registered PVT limited Companies in Assam have access to a wider range of financing options, including bank loans, venture capital, and angel investments. This is because lenders and investors are more confident in lending to registered companies, as they have a clear legal structure and are subject to regulatory oversight.

Tax Benefits

Company incorporation in Assam offers various tax benefits, such as tax deductions and exemptions. These benefits can help businesses save money and improve their profitability.

Increased Credibility and Reputation

Business registration in Assam increases a business's credibility and reputation. Customers and partners are more likely to trust and do business with registered companies, as they are seen as more legitimate and professional.

Easy Transfer of Ownership

Registered Private limited companies in Assam have an easier time transferring ownership of the business. This is because the ownership structure of a registered company is clearly defined and documented, making it easier to transfer shares to new owners.

Documents Required to Register a Private Limited Company Online in Assam

• PAN card of all proposed directors and shareholders
• ID proof of all proposed directors and shareholders (choose one): Aadhaar card, Voter ID, Passport, or driving licence
• Address proof of all proposed directors and shareholders (choose from): bank statements, telephone bills, mobile bills, or electricity bills
• Passport-sized photos of all proposed directors and shareholders
• Rental agreement for a business address in the name of the business
• Latest electricity bill for the business address
• No objection certificate from the owner of the business premises.

Basic Requirements To Register a Private Limited Company Online in Assam

• At least 2 directors and shareholders are needed, who can be the same individuals
• Obtain DSC for all directors
• Each Director needs a DIN
• A physical address in Jharkhand for company registration
• Prepare and submit these documents outlining the company's objectives and rules
• Choose a unique name that complies with regulations and is available for registration
• Submit identity and address proof of Directors and Shareholders
• Payment for company incorporation
• Apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN)
• Seeking advice from experts can facilitate a smooth registration process.

Types of Business Entities for Company Registration in Assam

• Sole Proprietorship
• Partnership Firm
• One Person Company (OPC)
• Private Limited Company (Pvt Ltd)
• Limited Liability Partnership (LLP)
• Public Limited Company (Ltd).

Step-by-Step Guide to Register PVT ltd Company Online in Assam

Vakilsearch offers a simple en route to register PVT ltd company online in Assam. We get it done in just 4 easy steps

Step 1: Collecting Initial Documents

Our team will gather all the necessary documents and get them verified for the incorporation process.

Step 2: DSC and Name Approval

On your behalf we will apply for Digital Signature Certificate (DSC) and seek approval for your company name from MCA.

Step 3: Drafting MOA and AOA and Filling with ROC

Prepare the Memorandum of Association (MOA) and Articles of Association (AOA) for your company and upload the completed documents and forms for the final stage of company incorporation.

Step 4: Procure Company Incorporation Certificate

Our team will initiate the registration process with the government authorities. They will further review the documents and will approve the company registration. Post approval you will be provided a company registration certificate directly.

Note: All the documents should be submitted within a time frame and accurate as per the government guidelines to avoid delay. The certificate of incorporation will be delivered directly by the MCA and Vakilsearch will initiate and guide and the process.

Business Compliance in Assam

Business compliance in Assam involves adherence to local, state, and national regulations governing operations, taxation, licenses, and statutory requirements. Additionally, businesses must maintain accurate records, ensure transparency, and fulfil regulatory obligations to operate legally in Assam. Our team of experts can help you stay on point with your annual business compliance.

• ADT -1 - Appointment of Auditor
• INC 20A - Certificate of Commencement of Business
• AOC 4 - Filing of financial statements
• MGT 7 - Filing of annual returns
• DIR 3 KYC - Directors KYC
• DPT 3 - Return of Deposits

Our PVT Limited Company Registration Services in Assam

Vakilsearch offers a holistic solution to register a Private limited company online in Assam allowing you to register your entity without leaving the comfort of your home. Our experts can complete the entire company incorporation process in 4 steps. Our company registration package includes:

• DIN and DSC for two Directors
• Drafting of MoA & AoA
• Registration fees and stamp duty
• Company incorporation certificate
• Company PAN and TAN
• Zero balance current account