Kerala is situated in the southwestern end of the Indian subcontinent. It has one of the most advanced education system and highest level of literacy in India.In terms of social welfare and quality of life Kerala is most progressive state in India. As Kerala has always been a land of high literacy rate, government of Kerala initiated startup movement through Kerala startup mission for encouraging entrepreneurial efforts from different sectors. Small scale business in Kerala is also encouraged by government of Kerala. Kerala startup mission played an essential role in development of vibrant Startup ecosystem. So if you have a Startup or new venture, for Company Registration in Kerala you have to register your business under the Companies Act of India before starting its operations in Kerala or anywhere in India.
Do not need to worry regarding registration process;
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Company registration in Kerala is regulated by Companies Act 2013 and administered by the MCA (Ministry of Corporate Affairs in India), Registrar of Companies Kerala, and is processed under Central Registration Centre.
We will discuss three major types of business entity which you can choose for your Startups but the selection will depend upon your product and services.
- Private limited company
- Limited Liability Partnership
- One Person Company
Now the main question arises “How to register a startup company in India�
(Let’s discuss all Startup businesses registration process in Kerala)
Private limited company registration in Kerala
- Private limited company is an entity with minimum two directors and their liabilities are limited to its capital raised.
- Documents required :-Pan cardPassport/election cardAadhar cardDigital signature Latest one month utility bill with complete address.
- Once name is approved Memorandum of Association and Article of Association can be drafted with Spice plus form to submit in Ministry of Corporate Affairs for approval.
- Now, Certificate of Incorporation, PAN, and TAN will be received in the form of soft copy via email id which you have given at the time of company formation.
- Company Registration in Kerala comes with spice form feature of opening a current account. Bank opted with spice plus form can contact branch to activate bank account in the nearest branch where company is located.
Limited liability partnership Registration in Kerala (LLP)
Basic requirements
- LLP Registration in Kerala, LLP stands for limited liability partnership; here minimum two partners are required for registering a firm.
- Required documents ( both partners)
(It also includes Utility bill with complete address)
- Now, you have to approve your firm name, after your firm name got approved, you have to file LLP Spice Form with the registrar of companies Kerala to get company incorporation certificate.
- A partnership deed is to be signed between partners and is to be filed with registrar of companies Kerala within 30 days, if days exceed LLP would be fined.
- After get approval on MOA & AOA, LLP can be registered and you will get incorporation certificate.
- After getting certificate of incorporation next step is to obtain PAN, TAN and BANK account. (PAN TAN are to be obtained from NSDL)
- After completing all these steps you can start your business as LLP organization.
NOTE: - In LLP you have to file Form 8, Form 11 and Income tax return every year without any delay.
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One person company (OPC) registration in Kerala
- OPC stands for one Person Company where single person presents as the director of the company. If you are a single founder and want like a private limited company this option is best suited for you.
- Required documents (single director and nominee)
- Approval of the company name is the first step in registering OPC.
- After name approved, Memorandum of Association & Article of Association will be drafted as per the company objectives.
- Now spice plus form is submitted with the registrar of companies Kerala for name approval.
- Once the company registration process is successfully done, you will receive softcopies of PAN, TAN & Incorporation certificate from MCA/income tax department via email id which you have given at the time of incorporation.
- After verification, the registrar of companies will issue Certificate of incorporation and you can commence your business.
Registration fees in Kochi, Kerala
Pvt. Ltd company registration fees
Below these are government charges:-
Forms | Cost involved |
DSC | Rs. 1400 |
Stamp Duty | Rs. 3025 |
INC-29 | Rs. 2000 |
MOA | Rs. 2000 |
AOA | Rs. 2000 |
INC-7 | Rs. 300 |
Pvt. ltd Company Registration Fees at Tax Advisory
Private limited company registration cost at Tax Advisory is just Rs. 6999/- only
This registration fees includes
- Name approval fees
- Payment to stamp duty to state government
- Preparation of MOA & AOA
- Opening company online Bank Account
LLP Registration Fees in kerala
Below are the government fees for filling forms
Forms | Cost involved |
DSC | Around Rs. 1500 to 2000 for 2 partners |
DIN | Rs. 1000 for 2 partners |
Name reservation | Rs. 200 |
Incorporation | If capital contribution up to Rs. 1 lakhs - Rs. 500 & if Between Rs. 1 and 5 lakhs – Rs. 2000 |
LLP agreement | If capital contribution up to Rs. 1 Lakhs – Rs. 50 for filing form 3 |
LLP Registration Fees at TAX Advisory
LLP registration fees is just Rs. 9999/- (inclusive of all taxes)
This registration fees includes
- 2 DSC (Digital signature) and DIN(Direction identification of partner)
- Name approval fees of MCA
- Certificate of Incorporation(LLPIN), PAN of LLP, TAN of LLP
- Preparation of LLP agreement
OPC Registration Fees in Kerala
Below these are government charges:-
Forms | Cost involved |
Stamp duty on AOA | Rs. 2000 |
Stamp duty on MOA | Rs. 1000 |
Stamp duty on SPICe | Rs. 25 |
PAN/TAN fee | Rs. 131 |
Name approval fees | Rs. 1000 |
Class II digital signature | Rs. 1000 |
Note: - These charges will be applicable if you have authorized capital up to Rs. 1, 00,000
OPC registration fees at Tax Advisory
OPC registration fees is just Rs. 8999/-
This registration fees includes:-
- Register your OPC at Ministry of Corporate Affairs
- Complete required documents
- Tax compliance
- Legal Advice
- Drafting & filing by CA/CS
So in a Nutshell I want to tell you that Kerala is one of the most favored startup hubs in India. Many foreign and domestic companies established their branches including various IT companies in Kochi. Kochi is one of the leading information technology cities in Kerala. Also government of Kerala initiated startup movement through Kerala Startup mission which encourages young blood to build startup businesses in Kerala. So for starting any new business entity in India you have to choose one of the various business entities like Pvt. Ltd Company, OPC, and LLP. Company formation process or register a company might be difficult for you, so we the team of TAX ADVISORY is here for you. Tax advisory includes experts like CA, CS, MBA’s and Advocates. We have experience in handling all legal services. MCA used to come with numerous changes and updates & we take care of it for you. You can visit www.taxadvisory.in .
By Surya Arora
Content Marketer