Welfare Associations are whose shares are traded in stock market or issues fixed deposits. For Welfare Associations Registration, the company must have minimum 3 Directors, 7 Shareholders and Maximum 50 Directors and need Rs 5 Lakhs of Paid up Capital. A Public limited company have all the advantages of Welfare Associations and the ability to have any number of members, ease in transfer of shareholding and more transparency. Public Limited Registration is done through Balaji IP Prectice.
Start-ups and growing companies prefer private limited company as it allows outside funding to be raised easily, limits the liabilities of its shareholders and enables them to offer employee stock options to pull in top talent.
Welfare Associations Registration can be done through Balaji IP Prectice(company registration agent) in Delhi NCR, Mumbai, Bengaluru, Chennai and other Indian cities. If you want to register your own company then you can totally rely legalraasta(company registration services provider). We will help you with company formation procedure and new company formations procedure. All the company registration information will be given to you by our experts.
You are required to fill details in our simple online questionnaire and submit documents.
After submitting your documents we will provide you with DSC and DPIN
We will create all the required documents and file them with ROC on your behalf.
Once your company is incorporated, we send you all the documents through courier.
Government benefits provided to people with little or no income are referred to colloquially as welfare benefits. The term "welfare" can refer to a number of different programs in the India, but often refer to cash assistance. In some cases, this money may be used however the recipient wishes. In others, the money can only be used for specific uses, such as food stamps that can only be used to buy groceries.
These are few advantages of Welfare Benefits
Yes, you need a minimum of two directors for a private limited company. The maximum members can be 200. If you are the sole owner, you can register as a One Person Company.
Any individual/organization can become the member of the private limited company including foreigners/NRI. However, the individual must 18+ above in terms of age and should have a valid PAN card.
The entire procedure is 100% online and you don’t have to be present at our office or any other office for incorporation. A scanned copy of documents has to be sent via mail. They get the company incorporation certificate from MCA via courier at their business address.
There is absolutely no other payment. Our charges are inclusive of everything. We will send you an invoice with no hidden charges. Our team provides you support till you get your bank account.
Balaji IP Prectice can incorporate a Welfare Associations within 15-25 days. The time took also depends on relevant documents provided by the applicant and speed of approvals from government. To ensure speedy registration, please pick a unique name for the proposed Company and make sure you have all the required documents prior to starting the registration process.
Yes, an NRI or Foreign National can become a Director in a Welfare Associations. They can get a DPIN from Indian ROC. Also, they can be a majority shareholder in the company. But, at least one Director on the Board of Directors must be an Indian Resident.
You need to start the company with a minimum capital of Rs. 100,000. However, you neednot pay this amount to the bank. You can also show that the capital has been utilised as the pre-incorporation expenses of the startups e.g, private limited registration expenses. You can also show this capital has been infused in form of assets such as computers etc.
No, you don’t need a proper office. You can even register your company at your residential address. It is perfectly legal to start the company at your home or in your garage. MCA team typically doesn’t visit your office.
Well, you can get someone from your family or friend circle as the second direction and give them marginal share, e.g, 0.01%. You also have the option to register a One person company, but it will not be possible to add directors in OPC later.
A company is a legal entity and a different person established under the Act. A company is treated as a different person which can own property and have creditors or debts. The members (Shareholders/Directors) of a company will have no liability to creditors of a company in case the company is unable to pay the debts.
Yes, you as a salaried person can become the director in private limited, LLP or OPC private limited company. You need to check your employment agreement if that allows for such provisions. In most, cases employers are comfortable with the fact that their employee is a director in another company.
No, you can’t convert your LLP into a Welfare Associations as it is not MCA. Both the LLP Act, 2008 and the Companies Act, 2013 don’t have any provisions on conversion of LLP in a private limited company. However, if you want to expand your business you can register a new Welfare Associations with the same name as that of the LLP. The LLP Company just needs to issue a no objection certificate.