All Your Compliances
Get Your Companies and LLP Compliance Done at One Place.
Customize Your Plan as Per the Requirements.
What You Get :
What Is Private Limited Company ?
A private limited company in India is incorporated under the Companies Act, 2013. This Act states that it should have at least two members and can have a maximum of two hundred members. It is the most popular legal structure globally as it gives more credibility to your company.
Further, the Act also specifies certain compliance that is mandatory for a private limited company to safeguard the interest of all the stakeholders. A private limited company in India has more credibility due to more stringent compliance it has to follow.
As per the law, for such legal entities, both directors and members of a private limited company in India have limited liability to creditors of the company. Directors can only sell assets of the company, excluding their personal assets in the case of default, financial institutions or creditors.
Most of the startups and new generation entrepreneurs are opting for private limited companies because of their ease of funding. We can guide and help you with your private limited company registration in India. The process and compliances are the same all over India.
Services Covered
- DIN & DSC of 2 Directors
- 1 copy of MOA & AOA
- Certificate of Incorporation
- Government Fees*
- PAN & TAN card
- Name Search & Approval
Why Choose Us
Highly scalable & transparent rates
The rates charged by us are scalable as per the requirements and consist of no hidden charges. Rates Increases only if there is an increase in your business. Our company is the only one whose rates also decreases when there are constant lower transactions then package availed.
Available 24x7
We offer services on the cloud, which means that you’ll have access to your accounts at any time and can be sure of confidentiality. Further in case if you have any queries or problems, then you can contact your assigned manager during the standard business hours.
One-stop for all the services
The below-given package includes all the services that are required for any startup or a business. So that you can concentrate on the company and leave the compliance on us.
Results in Numbers
List of Required Documents
ROC Compliance Service
- Services for the company OPC and Private Limited:
- ROC Annual Return AOC 4 and MGT 7 Filling.
- Form INC 22A E-form Active filling.
- Auditor Appointment and ADT 1 Filling.
- Board meeting compliance.
- Web Service DIR-3 KYC for all the Directors.
- Preparation of board resolutions.
- AGM compliance and preparing of resolutions.
- Preparation of Director Report.
- Service for Limited Liability Partnership:
- ROC Annual Return form 11 filling.
- Statement of Solvency Form 8 Filling.
- DIR 3 Web KYC for all the partners.
- Passing of resolutions for LLP.
- Income Tax Return Filing (Only for LLP)
- Excel or Tally base bookkeeping for up to 50 transactions. (Only for LLP)
Income Tax Return
Preparation of the Income Tax Return from the audited financial statements of the company.
- For LLP, no need to avail Income Tax Return filling service as the same is covered in ROC compliance fees.
GST Return Service
- Services included for Regular Taxable person:
- Filling of GSTR 3B on a monthly basis.
- TDS Reconciliation Service.
- Filling of GSTR 1 on Quarterly Basis.
- GST Refund filling.
- Reconcilation of GST input credit.
- GST Annual return filling.
- Help in generating E-Way bills.
- Services included for Composit Taxable person:
- Quarterly GSTR 4 Filling.
- GST Annual return filling.
ROC Compliance Service
- Following services are included in it:
- Monthly TDS calculation and challan generation.
- Issue of form 16 and 16 A.
- TDS 24Q and 26Q return filling.
- PAN verification
Income Tax Return
- Services covered In Monthly Bookkeeping Service:
- Recording of all the purchase and other expenses.
- Bank Reconciliation at month-end.
- Recording of Sales Invoice.
- Balance sheet and P&L preparation.
- Advance Tax Calculation.
- TDS & TCS reconciliation.
- Services covered in Yearly Accounting Service:
- Recording of all purchase and sales transactions.
- TDS and TCS reconciliation.
- Bank reconciliation service.
- Depreciation recording.
- Preparation of Balance Sheet and P&L.
Advantages
Reduced Legal Problems
The most apparent advantage of regular compliance is that it decreases your risk of fines, penalties, lawsuits or a shutdown of your business. Failing to meet your legal obligations, like delay in depositing tax, filling of compliance forms or accounting methods, can pile you with prosecutions and penalty orders. Hiring the Legal Workmate as your compliance manager will assure regular compliance.
Uncovers better data for better decisions
Compliance programs have forced a big clean-up of nomenclature and definitions, including the harmonisation of systems and data, and ensuring clarity around what things are and what they are called. They also force the complete, accurate and timely documentation of activities and expenses. This clarity and good data availability—or transparency—are bringing about increased visibility, which is critical for informed investment and planning decisions
Helps in Raising Loan or Fund:
Applying for any loan will require detailed company financials. Further, no financial institute or investor will provide you with a single penny if you have not complied with the regulatory compliance. Not only that proper compliance of Income Tax filling, but Financial Statements, Goods and Service Tax Act also helps you to avail the fund at the substantially lower rate of Interest.
Monitor business financial health
Bookkeeping helps you to monitor the health of your company. Too many expenditures without adequate cash influx spells trouble for any company. If detailed Bookkeeping isn’t part of your modus operandi, how will you ever know if your company is succeeding or failing? Investing in accurate Bookkeeping helps you keep your finger on the pulse of your company’s financial health.
Tax Benefit
Against the most of the organization that is being taxed at the rate of at least 30% in India, the Private limited company is taxed at a rate of 25% if the turnover is less than Rs 400 crores.
Tax Benefit
Against the most of the organization that is being taxed at the rate of at least 30% in India, the Private limited company is taxed at a rate of 25% if the turnover is less than Rs 400 crores.
Frequently Asked Questions
No, for monthly compliance, you have to make a quarterly payment in advance. For yearly compliance, payment should be made before compliance filling in advance. Your assigned manager will send you the bills at regular intervals for the payment. For statutory audit, payment must be made directly to the Chartered Accountant Firm and way of the same must be as per the firm’s policy.
You can select any plan as of now and based on the subsequent six months transactions, and we will help you to curate the plan and compliance.
The charges will be based on the final plan only. If there is any excess payment made by selecting a higher plan, then we will refund the same immediately.
You can also call us so that our team can help you to identify the plan for you as of now.
We will assign a manager to you, along with his contact details. The designated manager, under a team leader, will carry out your compliance work throughout the year. In case of any problem, you can also contact his team leader.
Secretarial Filings, Statutory Audit and Income Tax Return, are mandatory even if you have zero revenues.
We will help you in appointing chartered account in practice in your state based on the list available with us. We shall provide all the relevant details to the given chartered accountant and additional details if any asked by him.
Please talk to us we shall provide you with a customised and highly reasonable quote under such circumstances.
You will be provided with the compliance dashboard, which will have the details of all the compliance in that month.
Form MSME 1 is required to be filed by every company, who has outstanding from small or medium enterprises for more than 45 Days as on 30th September or 31st March. The company is required to file the details of the same in 30 Days. If a person fails to file the MSME form, then there shall be a fine of INR 25,000 to 3,00,000/- and imprisonment up to 6 Months.
DTP 3 is to be filed by every company other than government company who has taken any loan from any person or who has accepted any deposit for the public.
In such case, if you have made any payment for the service that is yet to be delivered, then you will be given that amount back immediately without any questions.
Yes, the above fees are inclusive of all the ROC filing fees payable by the company or LLP and no additional fees will be charged.
No, the client will be charged additionally for all the fees and penalties other than standard ROC fees payable on the filing of any ROC form.
In the case of Monthly Accounting, the client will be provided with the option of Quickbooks or Tally based accounting software.
Yes, the client will be liable to pay the annual software fees in case they want to avail the QuickBooks based accounting software. There are no extra charges or fees for the tally based accounting software.
Both Tally and Quickbooks are excellent software. QuickBooks is a cloud-based software due to which accountants and clients can access the data at any point of time.
We have an Inhouse team of Chartered Accountants who will be the team leader of your assigned manager and will help you with all the technical advice.
Legal Workmate follows the best practice of maintaining confidentiality and data protection. The data provided by you will not be shared with anyone and will not be mailed to any person, including government authorities without exclusive written permission from you.