Meeracorp Private Limited
Meeracorp Private Limited
East of Kailash, New Delhi, Delhi
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Private Limited Company Registration

Our product range includes a wide range of shops registration, proprietorship to private limited, venture capital company registration, private limited company registration and core investment company.

Shops Registration

Shops Registration
  • Shops Registration
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Approx. Price: Rs 1,500 / UnitGet Latest Price
Shop and Establishment Act. Has been formed for regulating the working conditions, working hours, payment of wages, rules and records of employees working in a shop and commercial establishments.

For the purpose of this act, Shop means any premises where any business, retail or wholesale, is carried on and includes offices, shops and warehouses. While Commercial Establishments means any remises, not including shop and factory, where any business, work or manufacturing is carried on for the purpose of profit.

Applicability Shops and Establishment Act / Gumasta License:
  • All shops and commercial shopping malls.
  • Banquet Halls
  • Restaurants
  • Hotels
  • Theatres and all places of public usage
  • Commercial office
  • Coaching institute or training institute

Requirement of Registration under shops and establishment Act:
  • The owner of every shop and establishment should mandatorily within a period of 3 months of commencements of his business make an application to prescribed authority for the registration of shop and commercial establishment.
  • Documents required for Gumasta License

Application for Shop and establishment registration should be accompanied by following documents:
  • In case of individual
  • Identity Proof
  • Address proof
  • Affidavit
  • In case of company
  • Memorandum and Articles of Association
  • Address proof of shop and commercial establishments
  • Affidavit

Renewal of Certificate of Registration:
  • Certificate of registration is valid for five years and needs to be renewed after this period in the prescribed form along with prescribed fees.

Amendment in Registration Certificate:
  • If there is any change in owner's name, address, the number of employees, an application for the modification of particulars mentioned in registration certificate needs to be given to prescribed authority within 15 days of such change.

Transfer of Registration Certificate:
  • Registration certificate is not transferable in any case and in the event of transfer of ownership of shop and commercial establishment new owner needs to apply fresh application for registration of his shop and commercial establishments.
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Proprietorship To Private Limited

Proprietorship To Private Limited
  • Proprietorship To Private Limited
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Approx. Price: Rs 8,500 / UnitGet Latest Price
Convert proprietorship into Private Limited:

People start their businesses as a sole proprietor because of less compliance but as the business grows sole proprietor needs separate bank account for their business transactions, to complete all his requirements the immediate possible solution is conversion of proprietorship into private company.

Private Company incorporation is done as per the procedure provided and includes:
  • Apply for DSC and DIN of applicant
  • File name approval form with ROC
  • File incorporation form with ROC
  • Apply for separate PAN of company

Requirements for Conversion:

  • There are certain provisions/conditions needs to be fulfilled during conversion of proprietorship into private.

They are as follows:
  • Sole proprietor becomes one of the directors of private company having not less than 50% of the total voting power.
  • Minimum share capital of private company will become Rs. 1,00,000/-.
  • Minimum number of directors will become 2 in case of private company.
  • Both the directors of private company will be allotted DIN.
  • All the assets and liabilities of proprietorship will become assets and liabilities of private concern.
  • Incorporated private company should have "Takeover of sole proprietorship concern" as one of the objects in their memorandum of association.

Time taken for conversion is 15-20 days and it also depends upon documents provided by applicant and speed of approval by government.
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Venture Capital Company Registration

Venture Capital Company Registration
  • Venture Capital Company Registration
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Product Details:

Area To FocusIncome Tax
SectorsReal Estate
Type Of Fundinf/Financing Expansion Financing
Mehtods Of Venture capital Financing Paticipating Debentures
Categories Of Venture Capital Funds Unified Funds

We are engaged in providing  Venture Capital Company Registration.
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Private Limited Company Registration

Private Limited Company Registration
  • Private Limited Company Registration
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Product Details:

Type of OwnershipLimited Liability Company
Company TypeIndustrial , Electronic, Apparels, Services
Type of ServiceNew company registration

Definition:

Private Limited Company Registration is a type of privately held small business entity. This type of business entity limits owner liability to their shares, limits the number of shareholders to 200, and restricts shareholders from publicly trading shares. The benefits of the Private Limited Company i.e. Limited Liability, Easy to get funding, Easy ownership Transferability, Improve Business Credibility, Grab the International business, Opportunity, Limit the Risk to Personal Assets, An Easy Exit Plan, Separate legal entity, Perpetual Succession and Eligible for Government Start-up Scheme.

 

List of Document for Registration:
  • ID PROOF
  • PASSPORT SIZE PHOTO
  • ADDRESS PROOF
  • COMPANY ADDRESS PROOF
  • INCLUSIVE IN OUR SERVICE
  • 2 Din
  • 2 DSC (Class-2)
  • Guidance for Name Search & Approval
  • Drafting of LLP Aggrement
  • ROC Registration Fees
  • Object Customization
  • PAN
  • TAN

 

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Core Investment Company

Core Investment Company
  • Core Investment Company
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Core Investment Companies are limited companies holding equity shares, preference shares or debentures in other group companies. Often such companies are mainly establishing as group businesses and who controls the subsidiaries by holding majority shareholding and is defined as NBFCs by the RBI. Core investment company can not do trading of shares or debentures. RBI now approves that only those CICs having a net asset size of Rs.100 crore and above shall be recognized as systemically important core investment companies.

Core investment company can be classified in following categories
CIC is maintaining not less than 90% of net sales as Shares or debentures or bond or loan and advance in the group companies.
CIC's investments in the equity shares in group companies shall be not less than 60 percent of net assets. Net assets shall be determined as per the last audited balance sheet.

What is the registration requirement for core investment companies?
  • CIC (core investment company) with Asset size less than Rs. 100 Crore are excepted from license requirement from RBI under Section 45-IA of the RBI Act.
  • CICs with the assets size above Rs. 100 Crore if they are not accessing the public fund in any form direct or indirect are exempted from RBI License.
  • CICs having the asset size of 100 crore or above and accessing the public fund in any form deposit or debenture or bond are required to obtain approval from RBI under section 45-IA of the RBI Act.

What is Minimum Capital Adequacy Ratio and Leverage Ratio?
  • Leverage Ratio: Core investment companies are required to ensure that its total outside liabilities do not exceed 250% of adjusted net worth on the 1st April of the financial year.
  • Capital Adequacy Ratio: For every CIC-SI minimum capital adequacy ratio should be 30% of the adjusted net worth. Adjusted net worth means considering all off balance sheet item.

What is the adjusted Net worth?
Following calculation, need to be understood to calculate the adjusted Net worth as Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007.
  • Net owned fund as per last audited balance sheet
  • +Plus
  • 45% of the amount standing to credit of revaluation reserve
  • +Plus

50% of the unrealized appreciation in the book value of quoted investments as at the date of the last audited balance sheet:
  • Less
  • The amount of diminution in the aggregate book value of quoted investments.
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Aditya Jaiswal (Owner)
76A/18, Amrit Puri
East of Kailash, New Delhi- 110065, Delhi, India



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