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Registering a company for website

Date: 02 Feb 2016   Posted By: ADITYA     Group: Government    Category: Central Government   

My friend owns a travel company and he has recently developed a website for visa approval. Should he be registering the site under a new company name, or can he operate it under the same parent company?
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Author: Kailash Kumar    05 Feb 2016      Member Level: Platinum     Points : 2  (Rs 2)    Voting Score: 0

Company means an entity incorporated under the Companies Act, 1956. The articles of association and the memorandum of association define the kind of business to be undertaken by the company, in addition to other essential vital details. I think filing an application for change/updation of the company information may serve the purpose, in case so required, instead of opening a new company. However a company law practitioner may be consulted for knowing and complying the concerned legal obligations.

Author: Mahesh    05 Feb 2016      Member Level: Gold     Points : 3  (Rs 3)    Voting Score: 0

You can register the company for your website in one of the following options:

1. LLP
2. Pvt Ltd.
3. One person company.

LLP costs around 8000 to 12000 Rs depending on the documentation and other local costs. In case of Pvt Ltd company you need atleast 10K to 18K depending on the compliance and other things. And One person company can be registered for 3000 to 8K Rs.

You can choose to register in one of the format. And then each year you have to file the compliance. I suggest you to start slow and register OPC first and later switch to LLP or Pvt ltd.

Discuss this to your CA or check online sites like vakilsearch or BMC group.

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