About Proprietorship ROC Compliance in India
Proprietorships in India are not required to comply with ROC (Registrar of Companies) regulations as they are not considered separate legal entities like companies or LLPs. However, depending on their business activities, they may need to comply with other regulatory requirements such as tax filings and local business licenses. Proprietors should ensure they maintain accurate financial records and fulfill any tax obligations to avoid legal issues. While ROC compliance is not applicable to proprietorships, adherence to other regulatory standards is crucial for maintaining the legality and reputation of the business.
Other Registration
Serving to empower, the next step towards ownership.
Pvt Limited
OPC Pvt Limited
Limited Liability Partnership
Startup Incorporation
Company Name Search
Startup India Services
Public Limited Company
NGO / Sector 8 Company
Package
Request A Quote
SCHEDULE YOUR INITIAL CONSULTATION TODAY
FAQ's
An entrepreneur needs to know what they need and why they need
What is the minimum number of individuals needed to establish a proprietorship?
A proprietorship can be formed with just one individual, who becomes the sole proprietor and owner of the firm.
Is there a legal distinction between the proprietor and the proprietorship firm?
No, in a proprietorship, the proprietor and the firm are not separate legal entities. They are considered as one entity. The proprietor’s PAN card serves as the PAN card for the business, and their assets are treated as belonging to the firm.
Is it simple to shut down a proprietorship firm?
Yes, since the proprietorship and the proprietor are considered the same entity, there’s no formal process required to close a proprietorship. Typically, surrendering the GST certificate and closing the current account is sufficient to terminate operations.
Why we are Best?
We give best, Because you deserve best.
Client's Reviews
The educational prerequisites for becoming a lawyer vary greatly from country to country. Law is taught by a faculty of law, which is a university's general
“Startway Business Solutions made registering my company a breeze! Professional, efficient, and reliable. Highly recommended!”
Thanks to Mr. Dheeraj who co-ordinate with me very nicely😊”
“Startway Business Solution Provides good Services in affordable prices & the staff of Startway is very responsible and dedicated to work so we get smooth and timely work in friendly environment.
They give there 💯% on Assignment they are getting.”