Company Registration in India:

Minimum requirements for Company Registration in India

• Minimum 2 Shareholders
• Minimum 2 Directors
• The directors and shareholders can be same person
• Minimum Share Capital shall be Rs. 100,000 (INR One Lac)

Documents Needed for Private Limited Company Formation in India

1) Pan Card copy of each Director
2) ID Proof of each Director (any one)

• Aadhaar Card
• Election Card
• Driving License
• Passport Copy

3) Residence Address Proof of each Director (any one)

• Bank Statement (up to two months old)
• Bank Passbook with last two months entries
• Latest Electricity Bill
• Mobile Bill (postpaid)
• Landline Bill (postpaid)

4) 1 Colour Photograph of each Directors

5) Place of Business Proof in India (any one)

• Electricity Bill
• Mobile Bill
• Landline Bill
• Gas Bill

6) Affidavit from each Director on Rs. 100/- stamp papers

Steps involved in Private Limited Company Incorporation in India

Stage 1: DSC (Digital Signature) of two directors
Stage 2 : DIN (Directors Identification Number) of two directors
Stage 3 : Company Name Approval from ROC
Stage 4 : Certificate of Incorporation is generated by Submitting Final Documentation
(like AOA, MOA, Subscription Pages, Consent Letters, Business Address Proofs, etc.)
Stage 5: Application for PAN & TAN

Timeline for Company Registration in India

It takes 15 to 20 working days (approx.) to complete Private Limited Company
Registration procedure. Timeline may vary depending on replies from ROC department.

Digital Signature (DSC)

DSC or Digital Signature is a physical signature in an electronic format.Digital Signatures are used in India for online transactions such as Filing Annual Return, Company or LLP Incorporation, Income Tax E-Filing, E-Tenders, etc. There are 3 types of Digital Signatures, Class I, Class II and Class III Digital Signatures.Class I Digital Signature is used for securing email communications.Class II digital signature is utilized for company registrations, IT Return E-filing, Obtaining DIN, DPIN etc. Class III digital signature registration are used for E-tendering and participating in E-Auctions.

Documents Required for Digital Signature (DSC)

• Passport size photograph
• Pan card copy
• Copy of Aadhaar Card/ Voter Identity Card

Loan Products:

Personal Loan:

Personal Loan is a part of Collateral Free loan or Unsecured loan as it doesn’t require any security for it. It is best loan to meet your current financial requirements. Personal Loan are Ideal for those who need quick and easy loan with managable Interest rates and minimum documentation.

Advantages of Personal Loan

• No security required.
• No tracking of its use.
• Best option for meeting personal expences.

Minimum Requirements for Personal Loan:

For Salaried

• Minimum Revenue Per Annum Rs.3,60,000/-
• Credit Score

Documents Required for Salaried:

• Address Proof
• Age Proof
• Pan Card
• Colour Photo
• Last Two Years ITR
• Form 16
• 3 Months Salary Slip
• Last Six Months Bank Statement

For Self Employed

• Minimum Revenue Per Annum Rs. 6,00,000/-
• Credit Score

Documents Required for Self Employed:

• Address Proof
• Age Proof
• Pan Card
• Colour Photo
• Last Two Years ITR
• Last Six Months Bank Statement
• Last Two Years Balance Sheet and Profit & Loss Account
• Proof of Business Existence

Home Loan:

For many people paying the total cast of the new house in one go is impossible. Here Property Loan or Home Loan gives a big support to buy your new house. Home loan can help you in many ways, it can be helpful for purchasing a new home or constructing an existing residential property.

Advantages of Home Loan

• Lower interest rates as its secured loan.
• Helpful for all Home related expenses.
• Greater Credit Eligibility.

Minimum Requirements for Home Loan (Self Employed Business):

• Annual Revenue 50 Lakhs
• Credit Score
• Time In Business Two years

Documents Required For Home Loan (Self Employed Business):

• Pan Card / Pass Port
• Processing Fee Cheque
• Bank Statement
• Aadhar Card
• Colour Photo
• Copy Of Property Documents
• Latest OD/ CC Sanction Letter
• Last Two Years Balance Sheet
• Last Two Years Profit & Loss Account
• Last Two Years Income Tax Retune
• Proof Of Business

Documents Required For Home Loan (Salaried):

• Pan Card / Pass Port
• Processing Fee Cheqe
• One Year Bank Statement
• Aadhar Card
• Colour Photo
• Copy Of Property Document
• Last Two Years Form 16
• Latest Three Month Salary Slip
• Last Two Years Income Tax Retune
• Current Employment Certificate
• Current Job Appointment Letter (If It Is More Than Two Years
• Experience Certificate (Including Your Previous Job Certificate Or Appointment And Relieving Lettere)

Loan Against Property:

Loan against property (LAP) means a loan that is given or disbursed against the property. The loan is disbursed at a certain percentage of market value of the property, usually around 50% – 90%. Loan against property is the part of secured loan category where the borrower issues a guarantee by using property as security.

Advantages of Loan Aganist Property

• Lower interest rates as its secured loan.
• The loan amount can be used for Business Working Capital.
• Greater Credit Eligibility.

MINIMUM REQUIREMENTS FOR LOAN AGAINST PROPERTY

• Annual Revenue 1 Crore
• Credit Score
• Time In Business Two Years

Documents Required for Loan Against Property & Mortgage Loan:

• Pan Card / Pass Port
• Processing Fee Cheque
• Bank Statement
• Aadhar Card
• Copy Of Property Documents
• Latest OD/ CC Sanction Letter
• Last Three Years Balance Sheet
• Last Three Years Profit & Loss Account
• Last Three Years Income Tax Retune
• Proof Of Business

Business Loans:

Each business has its own unique set of requirement so we have a dedicated team of experts who work with you to understand the specific nature of your business and structure solutions most suitable for you. We offered complete bouquet of working capital facilities to help you manage your cash flow and ensure smooth running of your business.

Advantages of Business Loan

• Quick and hassle-free process.
• Customised and flexible financial solutions.
• Customer-oriented services.

Minimum Requirment For Business Loans

• Annual Turnover 30 lakhs
• Credit Score
• Time In Business 12 Months

Documents Required for Business Loans:

• Address Proof
• Last Two Years Balance Sheet
• Last Two Years Profit & Loss Account
• Company Regisrration Details