Register a Private Limited Company in Nagaland

Overview

Private Limited Company Registration in Nagaland - Overview

Company registration in Nagaland follows the stipulated guidelines set by the state government to facilitate business establishment. For business registration in Nagaland, one needs to adhere to the regulations outlined by the Companies Act, 2013, and the state-specific provisions. The state government of Nagaland encourages entrepreneurship and business development by offering various incentives and policies, including financial assistance, tax exemptions, subsidies, and other support schemes tailored to promote economic growth. Nagaland's economy relies on agriculture, forestry, handicrafts, and small-scale industries, with the government actively fostering initiatives to boost sectors like tourism, horticulture, and agro-based industries to attract investments and stimulate overall economic progress.

For more detailed and updated information on the specific procedures and policies regarding startup registration in Nagaland, it's advisable to get in touch with our legal advisors or visit our official website of the Nagaland government or its commerce department for the latest guidelines and support available for aspiring entrepreneurs and businesses.

Benefits of PVT Limited Company Registration in Nagaland

• Regional Incentives

  Companies registered in Nagaland can leverage regional incentives and benefits provided by the state government. These incentives often include tax exemptions, subsidies, and financial assistance, fostering a conducive environment for business growth and development.

• Access to Special Schemes

  Startup registration in Nagaland offers access to various special schemes and initiatives aimed at supporting industries, especially those contributing to the state's economic development. This includes schemes promoting agriculture, tourism, and small-scale industries, providing registered companies with unique opportunities.

• Local Preference

  Registration process in Nagaland may receive preferential treatment in securing contracts or business dealings within the state. This local preference can significantly benefit businesses, particularly in sectors where state-based associations or government entities favour local enterprises.

• Ease of Expansion

  Incorporation in Nagaland can serve as a strategic entry point for businesses looking to expand operations in Northeast India. With connectivity to neighbouring regions and potential market access, it can be a stepping stone for broader regional expansion.

• Startup Policy

  This policy underscored a commitment to raise awareness among women regarding the array of state and centrally sponsored schemes available to them. Significantly, 25% of the allocated funds were earmarked explicitly to foster and support startups led by women entrepreneurs across Nagaland. It identifies specific thrust areas such as tourism, food processing, agriculture, sericulture, among others, where the economic activities predominantly led by women could thrive and contribute significantly to the state's growth and development.

Documents Required to Register a Private Limited Company Online in Nagaland

• 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 Nagaland

• Acquire Digital Signature Certificates (DSC) for both directors and shareholders involved
• Obtain Director Identification Numbers (DIN) for directors as mandated
• Seek approval for the company name through the Ministry of Corporate Affairs (MCA)
• Compile crucial documents like the Memorandum of Association (MoA) and Articles of Association (AoA)
• Complete the registration procedure by submitting requisite forms and documents via the MCA portal
• Fulfil the registration fees and stamp duty payment requirements
• Upon approval, secure the Certificate of Incorporation from the MCA
• Apply for the company's Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN)
• Ensure adherence to post-registration obligations such as GST registration and initiating a bank account for the company.

Types of Business Entities for Company Registration in Nagaland

• 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 Nagaland

Vakilsearch offers a simple en route to register PVT ltd company online in Nagaland. 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.

Business Compliance in Nagaland

Business compliance in Nagaland 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 Nagaland. 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 Nagaland

Vakilsearch offers a holistic solution to register a Private limited company online in Nagaland 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