Company Registration in India
A company is one of the most sought after legal business entity in India. Governed under the Ministry of corporate affairs, Companies act, a company refers to a business structure whose goals are towards economic benefits. However, to make a company survive and recognizable in a long run, you need to register it. This incorporation of company provides the business will give you a legal pedestal on which your organization can stand. This legal standing comes with its fair share of conditions. In order to register as a Private Limited Firm, the most popular form of company registration in India, you need to have at least two directors and two shareholders. There are other conditions for this form of company to exist. However, there are other companies that you should be concerned yourselves with as well.
When it comes to company incorporation in India, there are nine types of business entities that you can concern yourself with. There is Nidhi Company, Section 8 Company, Public Limited Company, Private Limited Company, Producer Company, One Person Company, Limited Liability partnership, Partnership firm, and Sole Proprietorship Company. These businesses are the cornerstones to consider if you want to start a business in India.
Why to opt for incorporating a Company? Well, there are certain benefits associated with Company registration that makes it such an attractive prospect. Registration of a business provides you the way of limited liability, a perk where you can protect your personal assets as the owner in face of company loss. Registration makes transferring the rights of the company easier. A company is its own separate entity and therefore, you can open a bank account in its name. Registration also allows you get financial assistance a lot easier.
If you want company incorporation services, be sure to contact Registrationwala. We can provide you with the quickest, the easiest and the cheapest company registration services.
Required Documents for Company Registration
For All Companies/LLP
For Directors/Shareholders
- Copy of PAN Card
- Identity Proof (Voter Card, Passport, Driving Licence)
- Address Proof (Bank Statement, Mobile bill, Telephone bill, Electricity Bill)
- Passport Size Photo
For Registered Office
- Ownership Proof (Electricity Bill, Gas bill, Electricity Bill, Mobile Bill)
- NOC (Download Format)
For Partnership Registration
For Unregistered Partnership Firm
For Registered Partnership Firm
- Application for Registration in the prescribed Form – I.
- Duly filled Specimen of Affidavit.
- Certified copy of the Partnership deed on appropriate non-judicial stamp paper.
- Proof of ownership of the place of business or the rental/lease agreement thereof.
- Affix court fee stamp & payment of prescribed fee for registration by demand draft.
FAQs
Digital Signature Certificate (DSC) as the name suggests it is a digital signature of an individual and it is required for filling the e-forms of company incorporation electronically to Ministry of Corporate Affairs.
The Director required to be above 18 years of age and must be a natural person. He may or may not be citizen or residence of India. We can say that even a foreign nationals can be Directors in Indian Private Limited Company.
The Unique Number is required to allot to an Individual which remains valid for whole life of the individual and is required to become director of any company.
Firstly we just need to find a unique name as prefix and promoters need to provide name of the proposed company along with significance of word. Secondly the name needs to include a word about the company business activity. Finally before selecting Names it will be advisable to check on Google, MCA Portal, MCA Guidelines and Trade Mark site the availability of Name.
MOA & AOA of the company defines all the rules and regulations and the working flow of company. It also defines everything about the company's objects, capital, identity, goals and working pattern. After the name of the company is select the Memorandum of Association and Articles of Association of the company is required to be drafted, the last page of the MOA and AOA is known as subscriber sheet which need to be filled in by the promoters in their own hand writing including their personal details and shareholding ratio.
The director has been entrusted with the responsibility of managing the company in the best efficient manner. The responsibility of a director depends upon the kind of directorship he holds in the company. For instance, an executive director or a managing director has greater responsibility than a non-executive director who might hold the directorship as an expert or consultant. A director is liable for misconduct or fraud or if found guilty of default.
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