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Chitfund Company.

A Chitfund company is one type of company registered under the Companies Act, 2013. The activity of this company is of NBFC but no RBI approval is requried. The Registrar of Chits will regulate the Chitfund companies. If you want to start chit business, first you have to register Company with the Ministry of Corporate Affairs, then open the current bank account, deposit the share capital amount, take CA certificate and submit the application with the Chit Registrar and once you get the permission from Chit Registrar, start business..

Company Registration is regulated by the Central Registration Center (CRC), Manesar, Delhi on behalf of each state jurisdictional Registrar of Companies, Ministry of Corporate Affairs, Government of India. The governing law for the companies is Companies Act, 2013. The Government of India had announced on 26th January, 2018 that there is zero incorporation fee for the Companies registered with an Authorized Share Capital up to of Rs. 1,000,000/- (Rupees Ten Lakhs). The remaining fee such as Name Availability, Stamp Duty, Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) is applicable as usual.

To register a Chitfund Company, there should be two directors and two shareholders. The shareholder may be a body corporate but the director must be an individual. One of the directors must be an Indian resident. CompaniesHouse is an MCA Authorized Company Registered Agent in India. The object of the CompaniesHouse is to minimize the cost in registering chitfund companies throughout India.

For detailed information and documentation you can Click Here

ADVANTAGES.

FAQ

What is DSC?

A DSC stands for Digital Signature Certificate, DSC is required for the shareholders to sing the company eMOA and eAOA wile registering a company.

What is DIN?

DIN stands for Director Identification Number, which is an unique identification number generated by the Ministry of Corporate Affairs.

Once the company is incorporated, a DIN is generated for each director.

What is Authorized Share Capital?

An authorized share capital is a share capital amount upto which the shareholders can invest in equity of the company.

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What is Paid up Share Capital?

Paid up share capital is an amount which is deposited by the shareholders of the compnay in company's bank account towards share capital.

Now the company can be registed with a minimum amount of share capital of Rs. 2/- ie. Rs.1/- investment by each shareholder.

What is CIN?

A CIN is a company identificaton number, which is generated by the Ministry of Corporate Affairs while generating the Certificate of Incorporation.

We can treat it as the company registration number.

In howmany days a company can be registered?

If we apply direct incorporation without applying for Certificate of Name Availability, it may take 3 to 5 working days. Some times, it may be incorporated even in one day.

But it is advisable to apply first company name and then incorporation and in this case it may take 10 to 15 days.

What is the government fee for Company Registration?

For one lakh authorised share capital company, the total government fee including Digital Signature Certificates would be approximately Rs. 5,000/-.

CompaniesHouse is authorised by the Ministry of Corporate Affairs to provide company registration service throughout India.

DOCUMENTS REQUIRED

  • Directors Photos
  • Directors PAN
  • Directors ID Proof: Aadhaar/Voter Id/Passport
  • Directors Latest Bank Statement
  • Office latest electricity bill
  • NOC/Rental Agreement from owner
  • Form INC-9
  • Form DIR-2

PRICING & DELIVERABLES

Economy Plan

Company Registration

Rs6,999/InclTax
EMI OPTION
  • 2 Class-II DSC
  • 2 Director Identification Numbers
  • Company Name Availability
  • Company Certificate (CIN)
  • Memorandum of Association (MOA)
  • Articles of Association (AOA)
  • Company PAN
  • Company TAN
  • Share Certificates
  • ICICI Current Banking Account
  • Company KIT
  • GST Registration
  • Free GST & Accounting Software
  • Free GST e-Way bill Software
  • All Business Documents free
  • Free book - Companies Act, 2013
  • Company Rules
  • Company Regulations
  • Company Circulars

Notes:

  1. With effect from 26.01.2018, the Ministry of Corporate Affairs, Government of India had implemented ZERO Incorporation fee for the companies with the authorized share capital of an amount up to Rs. 10,00,000/-.
  2. If the authorized share capital is more than Rs. 1,00,000/-, the stamp duty will be varied.
  3. Company Name is subject to MCA Approval, you can apply 4 names with one application. CompaniesHouse guides you how to choose Company Name.
  4. The following additional charges are to be paid by companies whose registered office is situated in: PUNJAB – Rs. 10,000/-, MADHYA PRADESH – Rs. 7,500/-, & KERALA – Rs. 3,000/-).
  5. If the desired name is rejected, an extra amount of Rs. 1,000/- need to be paid.
  6. If there are more than two directors, then for each director an extra amount of Rs. 2,000/- will be incurred.
  7. If the company is registered by NRI directors, then an additional amount of Rs. 10,000/- will be incurred.
  8. In case of Annual Compliance, the govt challans will be born by the client.
  9. Audit fee is at actuals on annual basis.

WHAT CLIENTS SAYS?

You are truly experienced in Company Registrations. Keep it up!

Ram Kumar Chilukuri Director, Anewa Engineering Pvt Ltd 02.06.2016

Thanks for your continuous support. God bless you!

Nrupesh CFO, Blujay Solutions Private Limited 14.06.2016

Thank you CompaniesHouse for saving in Income Tax!

Avtar Singh Managing Partner, Chetak Transporters 25.06.2016

We are surprised to get our Company registered in one day. Thanks to you guys!

Mohammed Fasiuddin Director, Avidus Engineering Private Limited 29.06.2016

Thank you for the initial discussion as we choose best business format!

Lakshmi Keerthi Reddy Director, Lavanar Sea Food Farming Private Limited 01.09.2016

Thank you CompaniesHouse for reminding on timely statutory compliance!

Rambabu Director, Cybervillage Solutions Pvt ltd 05.09.2016

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