Private Limited (Pvt Ltd): Best for startups and businesses seeking investor funding. Requires 2+ directors and shareholders. Governed by Companies Act 2013. OPC (One Person Company): For solo entrepreneurs who want limited liability with only one member. LLP (Limited Liability Partnership): Best for professionals and service businesses. More flexible, lower compliance than Pvt Ltd.
With all documents in order: Pvt Ltd / OPC: 7-10 working days. LLP: 10-15 days. Partnership Firm: 3-5 days. Expedited processing is sometimes possible for critical cases.
LegalPehchan's professional fee starts at ₹1,999 for Pvt Ltd registration. Government fees (MCA filing fees, stamp duty) are additional and depend on authorized share capital. For ₹1 Lakh authorized capital, total government fees are approximately ₹4,000-6,000.
A registered office address is required, but it doesn't need to be a commercial office. Your home address, co-working space, or any address for which you have address proof and NOC is acceptable.
Yes, NRIs can be directors and shareholders of Indian companies. However, at least one director must be a resident Indian (stayed in India 182+ days in the previous year). Documents can be attested by Indian Embassy/Consulate.
GST FAQs
GST registration is mandatory when: Annual turnover exceeds ₹40 Lakh (goods) or ₹20 Lakh (services). You sell products on e-commerce platforms (Amazon, Flipkart, Meesho) — no threshold. You supply goods/services across state borders. You are a casual taxable person.
Regular taxpayers must file GSTR-1 (monthly or quarterly) and GSTR-3B (monthly). Composition scheme taxpayers file CMP-08 (quarterly) and GSTR-4 (annually). GSTR-9 annual return must be filed by December 31 each year. LegalPehchan manages all GST return filings for a flat monthly fee.
Late filing attracts CGST + SGST late fees of ₹50/day each (₹100/day total) for regular filers, capped at ₹10,000 per return. For nil returns, late fee is ₹20/day. Interest at 18% per annum is also charged on the outstanding tax amount.
ITR Filing FAQs
ITR is mandatory for: Individuals with income above basic exemption limit (₹2.5L old regime, ₹3L new regime). All companies and firms (even with zero income). Those who want to claim tax refunds. Those with foreign assets or foreign income. Those with business losses to be carried forward.
Late filing fee under Section 234F: ₹5,000 if filed after July 31 but before December 31. ₹1,000 if total income is below ₹5 Lakh. Additional interest under Section 234A and 234B on unpaid tax. Possible prosecution in extreme cases of non-filing.
Trademark FAQs
Brand names, logos, taglines/slogans, product names, distinctive sounds (sound marks), color combinations, and even 3D shapes can be trademarked in India under the Trademarks Act, 1999.
A trademark is initially valid for 10 years from the filing date. It can be renewed indefinitely for successive 10-year periods by paying the renewal fee. An unrenewed trademark can be removed from the register.
Loan FAQs
Yes! Under the CGTMSE (Credit Guarantee Fund Trust for MSEs) scheme, collateral-free business loans up to ₹2 Crore are available. Mudra loans (up to ₹10 Lakh) also require no collateral. LegalPehchan helps identify the best collateral-free loan option for your profile.
Most banks prefer a CIBIL score of 700+. A score of 750+ gets you the best interest rates. LegalPehchan also works with NBFCs that have more flexible scoring criteria (600+), though at slightly higher rates.