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Company Registration
Company registration in India is governed by the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013. This legal framework outlines the procedures for incorporating various types of business structures, ensuring that companies comply with statutory requirements and operate with transparency and efficiency. Registering a company in India provides numerous benefits, including legal recognition, protection from personal liability, access to funding, and an enhanced reputation.
Compliance and Reporting:
Registered companies in India are required to comply with periodic filing requirements with the MCA, including annual returns and financial statements. Companies also need to comply with tax regulations, including filing annual tax returns, GST returns, and other statutory submissions depending on the business operations and jurisdiction.
Benefits of Registering a Company:
- Legal Identity: Registered companies acquire a legal identity that can own assets, incur liabilities, sign contracts, and open bank accounts.
- Limited Liability: Shareholders of a registered company enjoy limited liability to the extent of their shareholding.
- Funding Opportunities: Easier access to financial resources through banks and equity investment.
- Perpetual Succession: Ensures that the company continues to exist even if the owners or managers change.
Steps Involved in Company Registration
Step 1: Name Approval
Your business name will need approval from the Registrar of Companies (ROC). Make sure to choose a unique name that aligns with the naming guidelines.
Step 2: Obtaining Digital Signature Certificates (DSC)
Directors must obtain DSC to sign documents electronically. A certified agency accredited by the government issues these certificates.
Step 3: Director Identification Number (DIN)
Apply for DIN for the proposed directors if they haven't acquired one. It is mandatory for registering a company.
Step 4: Registration of the Company
File the incorporation documents, (MOA, AOA etc) with the Registrar of Companies. Once approved, the Certificate of Incorporation is issued.
Registering a company in India is a straightforward process if all the prerequisites are met and documentation is correctly submitted. It establishes a solid foundation for the business and contributes to the overall structure and potential for growth within the regulatory framework of India.
How Company Registration Work
Company registration is a legal process that establishes your business as a separate legal entity and gives you the right to conduct business activities.
Choose a unique name
Choose a unique name
Obtain a Digital Signature Certificate (DSC)
You'll need a DSC to file electronic forms with the ROC.
Obtain Director Identification Number (DIN)
All directors of the company must obtain a DIN from the Ministry of Corporate Affairs.
File the incorporation documents
You'll need to file various documents, including the Memorandum of Association (MOA) and Articles of Association (AOA), with the ROC.
Obtain a Certificate of Incorporation
Once the ROC verifies and approves your documents, you'll receive a Certificate of Incorporation, which officially registers your company.
List of Documents
To facilitate a seamless registration process, please prepare and submit the following documents:
Identity Proof of Directors
PAN Card for Indian nationals and Passport for foreign nationals.
Address Proof of Directors
Recent utility bills or bank statements.
Registered Office Proof
A recent copy of the electricity bill/property tax receipt/water bill along with a rental agreement or sale deed.
Memorandum of Association (MoA)
This is the charter of the company, outlining the main and ancillary objects of the proposed company.
Articles of Association (AoA)
This document details the rules and regulations governing the management of the company.
Form INC-9 and DIR-2:
Declaration and affidavit by first subscribers and directors
Consent from Directors
Consent to act as directors of the company and to take up qualification shares.
NOC from the owner of the property
(if applicable): A no-objection certificate if the registered office is situated on leased property.
What is Included
Typically, the process of registering a company occurs in two stages: name filing and incorporation. Below are the components included in these services
Name Application
Online Meeting to define Objects
Draft MOA
Draft AOA
Other Documentations
Digital Signature
File Incorporation
Get Certificate of Incorporation
Frequently Asked questions
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