Home / Readymade or Shelf Companies In India

Updated on 25 Nov 2020    9.00 AM IST | 4 min read

What Is Readymade or Shelf Company?

A readymade or shelf companies are dormant/inactive companies that were registered/incorporated in past years but never ever become active. These are those companies which never ever traded or done any business transaction after the incorporation of the company and the reason behind non-commencing of business can be –

  1. Non-availability of funds
  2. Reduction in demand of products
  3. Non-availability of manpower
  4. Relocation of key directors

These companies are free from defects, judgements, liens and any other liabilities. These companies are already registered and are available for immediate purchase. In today’s world of fast growing market, it is difficult to wait for the registration of a company to start a new business whereas purchasing an old registered company fulfills all your legal requirements in advance. A readymade or a shelf company already contains incorporation certificate, company seal and other documents required by law.

Investors now days acquiring readymade companies rather than entering into difficult procedure of incorporating a new company and the prime reason behind this is to save time.In case you are planning to buy a shelf company, you need to sign a share transfer agreement and few documents and you are done whereas if you are planning to establish a new company, it takes lot of your time from registration to finalization of documents.


What Is Included In Our Package?

Eligibility Consultation

Document Preparation

Application Drafting

Government Fees

Documents to be handover by the inactive company

The following documents should be handover by the inactive company -

Original incorporation certificate

Certified 10 copies of MOA & AOA

Original PAN card

Company seal

Common seal

Director identification number of both the directors

Share transfer agreement

In which states shelf companies are available with us?

Shelf companies are available in the following states –

  1. Delhi
  2. Karnataka
  3. Haryana
  4. UP
  5. Mumbai

In which Industries/sectors shelf companies are available with us?

Industries/sectors in which the shelf companies are available for takeover are as follows –

  1. General trading
  2. Education
  3. Infrastructure development
  4. Software/information technology
  5. Engineering consultancy
  6. Services
  7. NBFC
  8. Multi ventures
  9. Section 8 company
  10. Polychem
  11. Trade house

Procedure to purchase old-shelf previously registered companies

The procedure to purchase old-shelf registered companies is as follows –

First step –

Obtain the director identification number for all the directors

Second step

Obtain the digital signature of new director or directors

Third step

Sign the share transfer agreement as you are taking over the company from the previous owner.

Fourth step

You may have to fill MCA form. In case, if the investor wants to change the name of the company (done in most of the cases), we need to change the bank details too. Therefore, this change must be registered with Registrar of companies. In order to register this change, it is mandatory to fill MCA form.

Fifth step

In the fifth step, nominee director resignation will be accepted.

Sixth step

In the sixth step, you need to draft the necessary legal documents

Seventh step

In the last step, you will make the changes in the bank account as per your company name and address.

Advantages of purchasing a shelf company

  1. It is the fastest way to get your own company
  2. It is the fastest way to start your own business
  3. It is the fastest way to enter into rent, salary or any other agreement.
  4. It gives you opportunity to bid on contracts
  5. It gives you access to investment capital
  6. It gives easier access to corporate credit.
  7. You will get an already open bank account and a tax registration number.
  8. It enhances the confidence of the investor or consumer in the long run.
MEET US

What Clients Say

Customer delight is our main goal and we are very serious about it.


Prakash Verma

Prakash Verma

“Finacbooks.com is a perfect example of a great customer service dealing with the best of accountancy services.“

Prakash Verma Signature


Praveen Chauhan

Praveen Chauhan

“They offered us good quality services in a least possible time at a best Price.“

Praveen Chauhan Signature


Pradeep Kochhar

Pradeep Kochhar

“Finacbooks.com is a trusted network of highly qualified accounting professionals who not only provided us quality accountancy services but also supported us by answering our each & every query on time without any delay. “

Pradeep Kochhar Signature

Informational, useful and resourceful

Blogs

Catch up our trending topics, news etc. in a simple, detailed and most professional way.

Pradhan Mantri Fasal Bima Yojana (PMFBY)
23 Nov, 2020

About Pradhan Mantri Fasal Bima Yojana (PMFBY) The Pradhan Mantri Fasal Bima Yojana (PMFBY) launched on 18 February 2016 by Honourable... Read More

Pradhan Mantri Jan Dhan Yojana (PMJDY)
23 Nov, 2020

About Pradhan Mantri Jan Dhan Yojana (PMJDY) Pradhan Mantri Jan Dhan Yojana (PMJDY) is a financial inclusion programme of Government... Read More

Pradhan Mantri Ujjwala Yojana (PMUY)
09 Nov, 2020

About Pradhan Mantri Ujjwala Yojana (PMUY) In India, the people who come under the “poor” category have their limited access to... Read More

Due Dates

  • GSTR 3B for August 2020 (15 States/UT’s - Chhattisgarh, MP, Gujarat, Daman and Diu, Dadra and Nagar Haveli, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, TN, Puducherry, Andaman and Nicobar Islands, Telangana and Andhra Pradesh) Oct 1st, 2020
  • GSTR 3B for August 2020 (22 States/UT’s - Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi) Oct 3rd, 2020
  • GSTR 1 for September 2020 (turnover more than INR. 1.50 Crore) Oct 11th, 2020
  • Monthly GSTR 6 for September 2020 Oct 13th, 2020
  • Monthly GSTR 7 (Summary of Tax Deducted at Source (TDS) and deposited) for September 2020 Oct 10th, 2020
  • Monthly GSTR 8 (Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators) for September 2020 Oct 10th, 2020
  • CMP 08 for July to September 2020 Oct 18th, 2020
  • GSTR 5 (Non-Resident Foreign Taxpayers) Monthly Filing Due Date for September 2020 Oct 20th, 2020
  • GSTR 5A (Non-Resident OIDAR Service Provider) Monthly Filing Due Date for September 2020 Oct 20th, 2020
  • GSTR 3B for September 2020 (Annual Turnover of more than Rs 5 Cr in Previous FY) Oct 20th, 2020
  • GSTR 9 and 9C (Annual Return) FY 2018-19 Dec 31st, 2020
  • GSTR 1 (Quarterly) for July to September (Summary of outward supplies where turnover is upto Rs 1.5 crore) Oct 31st, 2020
  • Annual GSTR 4 for FY 2019-20 Oct 31st, 2020