In this article we will discuss about how to register a company in India
As an entrepreneur, you chose to shape and run a company now the initial step is deciding the structure of the company and the launch the process of Company Registration in India. So you should know how to register a Company in India.
Register a Company In India
Private limited company is the most well known in India because of different points of interest, for example, fundraising, value weakening, simple FDI (Foreign Direct Investment).
The company registration process in India is also prereferred as pvt Ltd company registration.
Private Limited Company is the most ideal decision for startup and big organizations as its investors favored the decision of Register a Company In India.
Company Registration process in India is governed by Companies Act 2013 under Company Incorporation Rules 2014 gave by the Ministry of Corporate Affairs Government of India under the purview of local Registrar of Companies.
The Cost of Company Registration in India depends upon the how many directors, share capital of the company and State of Registration.
The normal time taken to finish company formation is around 10 – 15 working days, subject to government processing time and customer documents accommodation.
As a for every of simplicity of Doing Business the government of India introduced combined streamlined structure for obtaining GST Registration and ESI PF registration alongside company Registration vide notice gave on 30th March 2019.
What are the Advantages of Company Registration in India
Ease of formation – Register a Company In India is easier to process than other forms of registration, it is completely online, done through the ministry website www.mca.gov.in.
Own legal identity – One of the significant advantages that accompany company registration is that the company is a different and distinct legal entity.
Limited Liability – The private limited company is a own legal entity from its individuals. Subsequently the obligation of the individuals from a private limited company is limited to the degree of the Share Capital Contributed and bought in.
Raising the Foreign Direct Investment ( FDI ) – In the private limited company registration, any Non Resident or foreigners public can make the investment through the programmed course for i.e without government endorsement.
Easy and free transferability of shares – The shares of a private limited company can undoubtedly be moved, no problem of redoing the whole organization deed in the event of association or reconstitution of LLP dead if it’s a LLP.
Perpetual succession – One of the significant advantages that accompany private limited company registration is that the life of the company doesn’t reach a conclusion even with the demise of all individuals and the offers are sent to the legal heirs
Steps Involved In Register a Company in India
Registering a private limited company in India needs the help of CA/CS/Lawyer as the legal techniques are involved in it, it’s a confounded process however doesn’t stress our group of specialists will deal with these issues, these are new strategy appropriate from first Jan 2019.
- First of all Apply for RUN ( Reserve Unique Name Form ) for Company Name Availability.
- Get DSC and Form SPICE INC-32 (E Form is use for Company Registration)
- Drafting of a MOA in SPICE INC – 33 & AOA in SPICE form company registration.
- PAN & TAN Application Along with the form SPICE INC -32 .
- After completing of the above-mentioned process of company registration, RoC
- Issue Certificate of Incorporation, PAN & TAN
- Now Apply for GST Registration / ESI PF Registration along with the Company Registration
How to register a business name in India?
Business name selection is the main undertaking in the company formation process, the company name follows certain government guidelines. Infact, over 70% of the names applied online are dismissed by MCA
Prior to commencing the process of Company Registration, kindly check the Company name in the following link and make sure the name is available.
Also check the trademark of the company here .
Documents Required For Register a Company In India
Documents Required for Register a Company In India as given below –
Identity card and Address Proof of Share Holders and director.
- Identity card like Aadhaar card , driving license or
- passport Pan pard of Directors
Registered Office place Proof.
FAQs related to Register a Company In India
1. How do I start a private limited company?
Registering a company is simple through online, pick the type of Company Registration that is 1) Private Limited Company with 2 Directors 2) One Person Company Registration, Company with just a single DIrector also, present the document referenced above and get your company enrolled in 7 working days subject to government endorsement
2. How long does it take to register a private limited company in India?
The Processing time for Name approval is 1 to 2 working days under structure RUN , a post which it would take around 3 to 4 working days, the all out should be possible in 7 to 10 working days subject to government endorsement and documents being given on schedule
3. What is DSC & DIN?
The DSC is an digital signature certificate which is given by the certifying position to sign the electronic documents. DIN is a director distinguishing proof number. DIN Refers to Director Identification Number which is apportioned alongside Certificate of Incorporation through SPICe 32 Form.
4. What is the minimum investment required to set up a Private Limited Company in India?
There is no minimum capital necessity a capital can be begun with as small as Rs 2 as its share capital