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Rajesh (Enigineer)     15 September 2011

Startup company.

 

Hello,

I'm Rajesh from Pune and thinking of starting a small company.

I'm planning to design and maufacture some electronic boards and sell them under my company name.

I'm going to design the boards from home and manufacturing will be done by third party vendors.

So my questions are.

1. Do I need to register a company.

2. If yes, what is the complete procedure.

3. How much money and time will be required for this registration process.

4. I stay in a rented flat, do I need any kind of NOC?

And may be further info that I may need to know.

 

Thanks in advance,

Rajesh



Learning

 3 Replies

RK MEHTA (DEPUTY GENERAL MANAGER - LEGAL)     16 September 2011

Dear rajesh,

Running of a company is a formal and procedural affair which will entail expenses. In case you are starting small, you may, at this stage, think of working as a partnership or as a new concept in India i.e., limited liability partnership. Whereas in the former, registration, which is simple, is advisable but not compulsory, the latter requires compulsory registration. Companies also require compulsory registration. You may contact some local CA or Advocate for completing the formalities of registration.

Nagaraja B S (Corporate Commercial & IP Lawyer)     17 September 2011

Dear Rajesh,


Please find below response to your queries.

 

1. Do I need to register a company.

It is a very serious question, basically depends

a) are you doing alone?? If yes, there is no need to do company registration. You can apply for VAT or Service Tax, it should be fine.

b) are you doing alone?? If no, you can either make a Private Limited Company or Partnership Company or LLP Company

2. If yes, what is the complete procedure.

You can approach local CA or Company Secretary in your area.

3. How much money and time will be required for this registration process.

It usually starts with applying a

a) Director Identification Number

b) Digital Signature

c) Company Name

d) Incorporation

You can start with paidup capital Rs. 1,00,000/- it wull cost about Rs. 15,000 to Rs. 20,000/-

4. I stay in a rented flat, do I need any kind of NOC?

If you put a board you might have to take permission of your owner, for property tax he might be charged for commercial purpose, as well lighting & water might become commercial aswell. If full procedure is followed.

And may be further info that I may need to know.

Yes, you need to get your trademark, domain name etc.,


We have a startup package. Kindly contact me for more details.

Thanks

Nagaraj

Corporate, Commercial & IP Lawyer

IP Lex Global Services

Email: nagaraja_bs@iplexglobal.in

Mob: 0091-09902007635 / 34

Rajesh (Enigineer)     18 September 2011

Dear Mr. Nagaraja and Mr. R.K.Mehta,

Thank you very much for your reply and invaluable inputs, will work on it as per your suggestions.

Thanks and Regards,

Rajesh

 


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