Harsh Vardhan Dawar (www.wealthcafe.in) (34 Points)
05 October 2009I have a few questions to ask...
1. Can a Private Limited company be set up with a residential address in Mumbai?
2. Will such a Company be governed by the Shops and Establishment act, Mumbai?
3. Can anybody provide me with a checklist of all the rules and regulations to be adhered to when setting up a new company?
Thank you.
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 06 October 2009
Hi Harsh,
You may get your company (having registered office in Mumbai) register with Mumbai ROC.
Please go through the link mentioned below:
PROCEDURES FOR INCORPORATION AND REGISTRATION OF COMPANIES
Harsh Vardhan Dawar
(www.wealthcafe.in)
(34 Points)
Replied 07 October 2009
Thanks a lot Ankur.
Can you also let me know how will the company be impacted if it has its registered office at a person's residential address???
Will such a Company be governed by the Shops and Establishment act, Mumbai?
I am looking to setup a Financial Advisory Company. Will incorporating the company with a resedentila address result in any limitations on the work that can be carried out???
Thanks again.
No, It will not be hurdlesome.
As most of the person open compaany in their residebtial address.
However, The residential place must be easy to find out by your client.
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Actully, any person can not carry on business in residential place. And those person who are doing this are liable to punishment & fine under the Muncipality act.
As Muncipality charges low taxes from residential property & high amount from the Corporate office.
Electricity Companies also charges low rate for Electricity.
So, I advised you that, If you are broking one rule than broke the another rule also and do not apply for license under Shop & Establishment Act, As It would bring uniformity in lying.
Harsh Vardhan Dawar
(www.wealthcafe.in)
(34 Points)
Replied 07 October 2009
The reason I am looking to register it at a residential address is that, it will be 3-4 months before the business actually starts.....in the mean time I wanted to finish all the procedural work of setting up the company as well....
I want to avoid paying rent for the 3-4 months till business actually commences...obviously I will have to take a commercial place later on....
Didint know that it will be illegal to do such a thing....
Is there a way to abide by the law and save on money as well???
For first 4 months, keep your home as the Regd. Office
&
after 4 months comply with the necessary procedure for change of Regd. office from one place to another, within the same city.
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If you need further clarification than contact me
Ankur Shah (Practicing Company Secretary)
“Guru Gautam” Bungalow, Inside Parshwa Tower,
Nr. Shyamal Cross Road, 132ft. Ring Road,
Satellite, Ahmedabad – 15
Contact: + 91-9427633901
E-mail: ankurjewel @ gmail.com
Blog: csankur.blogspot.com
For first 4 months, keep your home as the Regd. Office
&
after 4 months comply with the necessary procedure for change of Regd. office from one place to another, within the same city.
------------------------------------
If you need further clarification than contact me
Ankur Shah (Practicing Company Secretary)
“Guru Gautam” Bungalow, Inside Parshwa Tower,
Nr. Shyamal Cross Road, 132ft. Ring Road,
Satellite, Ahmedabad – 15
Contact: + 91-9427633901
E-mail: ankurjewel @ gmail.com
Blog: csankur.blogspot.com
Ca Subhash Kumar
(Practing Chartered Accountant)
(168 Points)
Replied 14 October 2009
Company Laws does not prohibit a corporate office to be in Residential Area.
No need to change Corporate Registered office, only make another office as place of work if you can afford.
Don't worry too much to do business in India. There are so many act in India that you & the Govt. offices do breach every thing.
You are requested to do business & make it great to help u, urself, Public,people providing employment, Indian Economy generating revenue, Govt. through paying taxes.
CAclubindia
