Each Company combined in India must consent to the persistent government standards and bearings after union; an exclusive business is required to fit in with the distinctive laws and courses of action under the Companies Act 2013 and rules made there under.
Registrar of Companies (ROC) is the appointed master that courses of action with association of Companies Act 2013 and it falls under Ministry of Corporate Affairs. The associations joined under the Companies Act, 2013 are required to record diverse structures, returns and reports with the Registrar of Companies (ROC) in an electronic mode inside the embraced time close by the prescribed charges.To avoid disciplines and fines, it is obligatory to adjust to all compliances significant to your association.
Form 23AC to be filed by all Companies
Form 23ACA to be filed by all Companies Annual Return
Form 21A to be filed by companies without share capital.
Minimum capital required to incorporate a private limited company is one lakh.
Personal assets of the shareholders will not be at risk, in the event of the company facing financial distress.
A company enjoys separate legal identity unlike partnership firms.