Comment on Account Opening Process - Corporate,Partnership Firm, & HUF

Venu commented on 06 Jan 2017, 08:26 PM

1. Yes, you’ll need to have this clause mentioned in the AOA/MOA.
2. Companies Act applies only on Pvt. Ltd’s not on Partnership firms. There’s a fixed cost for Pvt. Ltd’s in terms of certain filings that are mandatory every year. Each form has it’s own merits and demerits. Best to consult a CA and start.
3. There’s no minimum capital as such, neither for partnerships nor for Pvt. ltd’s.
4. We open both private limited and partnership trading and demat accounts.
5. Partnerships’ are generally better in terms of the taxes, but again, please consult a CA before you make a decision.

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