Company Registration ( Formation/ Incorporation/ Setup )in Meghalaya, India
Get professional consultancy for company registration services and register in Meghalaya state of India at most affordable rates. GKS Consulting has served private limited companies, public limited companies, one person companies, limited liability partnerships etc all over the country. Apart from company Setup in Meghalaya we also provide company conversion services, Foreign direct invest (FDI) assistance, NRI tax and business consultancy etc.
The number of companies that we have assisted in the state of Meghalaya is more than 100 in areas such as Cheerapunjee, Tura, Shillong, Baghmara, Mawsynram, Nongpoh, Jowai and Nongstoin etc. The popular industries that have enlisted our services in the state include; mining, cement tourism, agriculture and food processing, floriculture, horticulture, hydroelectric power, handlooms, handicrafts and sericulture.
There is great industrial potential in the state of Meghalaya thanks to its abundant deposits of limestone, quartz, granite, and kaolin feldspar, a small deposit base of sillimanite, bauxite, base metals, apatite, industrial clay and uranium. There are very many adventure tourism opportunities in the state such as mountaineering, rock climbing, hiking and trekking, water sports etc.
The gross state domestic product (GSDP) at current prices was about USD 3.5 billion in the years 2013-2014. The state’s GSDP grew at a compounded annual growth rate (CAGR) of 13.7% between years 2004-2005 and 2013-2014.
Need Quick and Reliable Online Private Limited Company Incorporation, Fresh Company Registration, New Co. Formation and Business Set-up Services anywhere in Meghalaya, India: Top Company Formation Experts, Best Indian Chartered Accountants (CPA), Reliable Company Experts, Renowned Consulting Company, National level Advisors / Consultants of Meghalaya - Ask Companysetupindia.com, a unit of GKS Consulting Private Ltd.
We provide Following Services anywhere in Meghalaya, India: Complete solution for incorporation of New Company | Apply Name Search | How to Incorporate New Private Limited Company ? Incorporation of Pvt Ltd Co | Procedure for Incorporating a Pvt. Ltd. Co. | Where to Form a Public Limited Company ? Forming a Pub Ltd Co | Formation of Pub. Ltd. Co. | Why to Register an Indian Subsidiary ? Registering an Indian Subsidiary | Registration of Indian Subsidiary |How to make Subsidiaries ? Making of Holding Company | Why to Open a Limited Liability Partnership (LLP) ? Opening a Limited Liability Partnership | Where to open a LLP ? Setup of LLC | Set-up of LLP | Set up of LLP | Setting up of L.L.P. | Setting-up of L.L.P. | To Start a LLC PLC OPC PTE | Starting a L.L.C. | Types of Companies any where in Meghalaya | Forming Corporation in Meghalaya | Setting up Business by Foreign Companies |Foreign Direct Investment (FDI) | Liaison Office | Representative Office | Project Office | Branch Office | Obtaining Section 8 Company License | Certificate of Incorporation | Process and Procedure | DIN (Director Identification Number) | DSC Class One Two Three| Digital Signature Certificate | Joint Venture Company | Company Limited by Guarantee | Unlimited Company | Government Company | Nidhi Company | Mutual Benefit Company | Not for Profit Co. NGO, N.G.O.| Section 8 Company | Part IX Company | Producer Company | One Person Company | Sole Proprietorship | Partnership Firm | Cooperative Society | Charitable Trust | Body of Individual, BOI| Association of Persons, AOP |FAQ | Frequently asked questions - Companysetupindia | ROC | R.O.C. | Registrar of Companies | Corporate Laws of Meghalaya | Companies Act | Business Entities in Meghalaya |Government Approvals for Investing in Meghalaya for Foreign Investors | Entry Strategies & Tax Planning in Meghalaya for Foreign Investors | Foreign Investment in Meghalaya Sector wise Guide | Doing Business in Meghalaya - Free Guide for Foreign Companies Doing Business with Meghalaya | Registering Trademarks in Meghalaya |Registering Patent in Meghalaya | Copy Right | Tax Rates in Meghalaya | Process Serving in Meghalaya .
About: Meghalaya is a state in Northeast India. The name means 'the abode of clouds' in Sanskrit. The population of Meghalaya as of 2016 is estimated to be 3,211,474.Meghalaya covers an area of approximately 22,430 square kilometers, with a length to breadth ratio of about 3:1. The state is bounded to the south by the Bangladeshi divisions of Mymensingh and Sylhet, to the west by the Bangladeshi division of Rangpur, and to the north and east by India's State of Assam. The capital of Meghalaya is Shillong. During the British rule of India, the British imperial authorities nicknamed it the 'Scotland of the East'. Meghalaya was previously part of Assam, but on 21 January 1972, the districts of Khasi, Garo and Jaintia hills became the new state of Meghalaya. English is the official language of Meghalaya. The other principal languages spoken include Khasi, Garo, Pnar, Biate Hajong, Assamese and Bengali. Unlike many Indian states, Meghalaya has historically followed a matrilineal system where the lineage and inheritance are traced through women; the youngest daughter inherits all wealth and she also takes care of her parents.
The state is the wettest region of India, recording an average of 12,000 mm (470 in) of rain a year. About 70% of the state is forested. The Meghalaya subtropical forests ecoregion encompasses the state; its mountain forests are distinct from the lowland tropical forests to the north and south. The forests are notable for their biodiversity of mammals, birds, and plants.
Meghalaya has predominantly an agrarian economy with a significant commercial forestry industry. The important crops are potatoes, rice, maize, pineapples, bananas, papayas, spices, etc. The service sector is made up of real estate and insurance companies. Meghalaya's gross state domestic product for 2012 was estimated at 16,173 crore (US$2.3 billion) in current prices. The state is geologically rich in minerals, but it has no significant industries. The state has about 1,170 km (730 mi) of national highways. It is also a major logistical center for trade with Bangladesh. In July 2018, the International Commission on Stratigraphy divided the Holocene epoch into three, with the late Holocene being called the Meghalayan stage/age, since a speleothem in Mawmluh cave indicating a dramatic worldwide climate event around 2250 BC had been chosen as the boundary stratotype.
Major Towns of Meghalaya: East Garo Hills(Williamnagar), East Khasi Hills(Shillong), East Jaintia Hills(Khliehriat), North Garo Hills(Resubelpara), Ri Bhoi(Nongpoh), South Garo Hills(Baghmara), South West Garo Hills(Ampati), South West Khasi Hills(Mawkyrwat), West Jaintia Hills(Jowai), West Garo Hills(Tura), West Khasi Hills(Nongstoin).
Economy of Meghalaya: Meghalaya is predominantly an agrarian economy. Agriculture and allied activities engage nearly two-thirds of the total work force in Meghalaya. However, the contribution of this sector to the State's NSDP is only about one-third. Agriculture in the state is characterised by low productivity and unsustainable farm practices. Despite the large percentage of population engaged in agriculture, the state imports food from other Indian states. Infrastructural constraints have also prevented the economy of the state from creating high income jobs at a pace commensurate with that of the rest of India.
Meghalaya's gross state domestic product for 2012 was estimated at 16,173 crore (US$2.3 billion) in current prices. As of 2012, according to the Reserve Bank of India, about 12% of total state population is below poverty line, with 12.5% of the rural Meghalaya population is below the poverty line; while in urban areas, 9.3% are below the poverty line.
Agriculture: Meghalaya is basically an agricultural state with about 80% of its population depending entirely on agriculture for their livelihood. Nearly 10% of the geographical area of Meghalaya is under cultivation. Agriculture in the state is characterised by limited use of modern techniques, low yields and low productivity. As a result, despite the vast majority of the population being engaged in agriculture, the contribution of agricultural production to the state's GDP is low, and most of the population engaged in agriculture remain poor. A portion of the cultivated area is under the traditional shifting agriculture known locally as Jhum cultivation.
Meghalaya produced 230,000 tonnes of food grains in 2001. Rice is the dominant food grain crop accounting for over 80% of the food grain production in the state. Other important food grain crops are maize, wheat and a few other cereals and pulses. Besides these, potato, ginger, turmeric, black pepper, areca nut, Bay leaf (Cinnamomum tamala), betel, short-staple cotton, jute, mesta, mustard and rapeseed etc. are some of the important cash crops. Besides the major food crops of rice and maize, the state is renowned for its horticultural crops like orange, lemon, pineapple, guava, litchi, banana, jack fruits and fruits such as plum, pear and peach.
Grains and staples production covers about 60% of the land area dedicated to crops. With the introduction of different crops of high yielding varieties in the mid-1970s, remarkable increase in food grain production has been made. A major break through was achieved when high yielding varieties of paddy such as Masuri, Pankaj IR 8, RCPL and other improved varieties series – especially IR 36 which is suitable for Rabi season – allowing three crops to be grown every year. Another milestone was reached when Megha I and Megha II, which are cold tolerant rice varieties developed by the ICAR North East Region at Umroi near Shillong, was released in 1991–92 for the higher altitude regions where there was no high yielding rice varieties earlier. Today the state can claim that about 42% area under paddy have been covered with high yielding varieties with the average productivity of 2,300 kg/ha (2,100 lb/acre). As is the case with maize and wheat where the productivity have increased tremendously with the introduction of HYV from 534 kg/ha (476 lb/acre) during 1971–72 to 1,218 kg/ha (1,087 lb/acre) of maize and from 611 kg/ha (545 lb/acre) to 1,490 kg/ha (1,330 lb/acre) of wheat.
Oil seeds such as rapeseed, mustard, linseed, soybean, castor and sesame are grown on nearly 100 km2 (39 sq mi). Rape and mustard are the most important oilseeds accounting for well over two-thirds of the oilseed production of nearly 6.5 thousand tonnes. Fibre crops such as cotton, jute and mesta are among the only cash crops in Meghalaya, grown in Garo Hills. These have been losing popularity in recent years as indicated by their declining yield and area under cultivation.
Climatic conditions in Meghalaya permit a large variety of horticulture crops including fruits, vegetables, flowers, spices, mushrooms and medicinal plants. These are considered to be higher value crops, but home food security concerns have prevented farmers at large from embracing them. The important fruits grown include citrus fruits, pineapples, papayas, and bananas. In addition to this, a large variety of vegetables are grown in the state, including cauliflower, cabbages and radishes.
Areca nut plantations can be seen all over the state, especially around the road from Guwahati to Shillong. Other plantation crops like tea, coffee and cashews have been introduced lately and are becoming popular. A large variety of spices, flowers, medicinal plants and mushrooms are grown in the state.
Industry: Meghalaya has a rich base of natural resources. These include minerals such as coal, limestone, sillimanite, Kaolin and granite among others. Meghalaya has a large forest cover, rich biodiversity and numerous water bodies. The low level of industrialisation and the relatively poor infrastructure base acts as an impediment to the exploitation of these natural resources in the interest of the state's economy. In recent years two large cement manufacturing plants with production capacity more than 900 MTD have come up in Jaintia Hills district and several more are in pipeline to use the rich deposit of very high quality limestone available in this district.
Electricity Infrastructure: Meghalaya with its high mountains, deep gorges and abundant rains has a large, unused hydroelectric potential. The assessed generation capacity exceeds 3000 MW. The current installed capacity in the state is 185 MW, but the state itself consumes 610 MW. In other words, it imports electricity. The economic growth of the state suggests rising demand for electricity. The state has the potential to export net hydroelectric-generated electricity and earn income for its internal development plans. The state also has large deposits of coal, thus being a candidate for thermal power plants.
Several projects are under works. The proposed Garo Hills thermal project at Nangalbibra is expected to generate an additional 751 MW of power. There is a proposal for setting up a 250 MW thermal power plant in West Khasi Hills. The State Government aims to increase its power generation output by about 2000-2500 MW, of which 700-980 MW will be thermal based while 1400-1520 MW will be hydro electricity. The State Government has outlined a cost-shared public-private partnership model to accelerate private sector investments in its power sector. The generation transmission, transformation and distribution of electricity is entrusted to the Meghalaya Energy Corporation Limited which was constituted under the Electricity Supply Act, 1948. At present there are five hydel power stations and one mini hydel including Umiam Hydel Project, Umtrew Hydel Project, Myntdu-Leshka-I Hydel Project and the Sunapani Micro Hydel (SESU) Project.
For the 12th five-year plan of India, there is a proposal to set up more hydel power projects in the state: Kynshi (450MW), Umngi −1 (54MW), Umiam-Umtru -V (36MW), Ganol (25MW), Mawphu (120MW), Nongkolait (120MW), Nongnaw (50MW), Rangmaw (65MW), Umngot (260MW), Umduna (57MW), Myntdu-Leshka-II (60MW), Selim (170MW) and Mawblei (140MW). Of these, Jaypee Group has committed itself to building the Kynshi and Umngot projects in Khasi hills.
Education Infrastructure: Meghalaya has a literacy rate of 62.56 as per the 2001 census and is the 27th most literate state in India. This increased to 75.5 in 2011. As of 2006, the state had 5851 primary schools, 1759 middle schools, and 655 higher secondary schools respectively. In 2008, 518,000 students were enrolled in its primary schools, and 232,000 in upper primary schools. The state monitors its school for quality, access, infrastructure and teachers training.
Institution for higher studies like Indian Institute of Management, the University of Technology and Management (USTM) which is in Shillong is the first Indian university to introduce cloud computing engineering as a field of study, in collaboration with IBM and the University of Petroleum and Energy Studies. IIM Shillong is one of the top ranked management institutes in the country.
Health Infrastructure: The state has 13 state government dispensaries, 22 community health centres, 93 primary health centres, 408 sub-centres. There were 378 doctors, 81 pharmacists, 337 staff nurses and 77 lab technicians as of 2012. A special program has been launched by the state government for the treatment of tuberculosis, leprosy, cancer and mental diseases. Though there has been a steady decline in the death rate, improvement in life expectancy and an increase in health infrastructure, about 42.3% of the state's population is still uncovered by health care, according to the status paper prepared by the Health Department. There are numerous hospitals being set up, both private and government, some of them are Civil Hospital, Ganesh Das Hospital, K J P Synod Hospital, NEIGRIHMS, North Eastern Institute of Ayurveda & Homoeopathy (NEIAH), R P Chest Hospital, Wood Land Hospital, Nazareth Hospital, Christian Hospital etc.
Steps to Incorporate a Private Limited Company/OPC (One Person Company) anywhere in Meghalaya