The most popular way is to register a company as it is a hassle free process and has many tax and regulatory advantages over other forms of business structure. The entire process of registering a company in India is regulated by a body called MCA (Ministry of Corporate Affairs). The incorporation and registration process requires certain formalities to be fulfilled.
Our team at CA on Web is available at your service and will help you to obtain the registration in a small time frame of 7 to 12 days. All you need is to plan for the business and all the paper work and formalities will be handled by our team of experts.
You need to provide 3 different options for your company name to MCA of which one will be selected. Names provided should ideally be unique and suggestive of company business. MCA
First of all, the partners have to apply for Digital signature and DPIN. Digital signature is an online signature used for filing and DPIN refer to Directors PIN number issued by MCA. If the directors already have DSC and DPIN, then this step can be skipped.
Once the name is approved, Memorandum of association and Articles of Association needs to be prepared which includes the rules & by-laws of the company that regulates the operation of the business. Both MOA and AOA are filed with the MCA with the subscription statement for the authentication & approval.
It typically takes 15- 25 days to form a Private limited company and get the incorporation certificate. Incorporation certification is a proof that company has been created. It also includes your CIN number.
Then you need to apply for PAN and TAN. PAN and TAN are received in 7 working days. Post this, you can submit the Incorporation certificate, MOA, AOA and PAN with a bank to open your bank account.
The minimum requirement of directors for a one person company is one (1), additionally, there is a requirement of one member & nominee.
There are various types of business entities in India such as sole proprietorship, partnership firms, Co-operative Societies, Companies, etc. The choice of suitable business structure for any particular business depends on factors like ownership, availability of capital resources, the scale of business, etc.
The application has to be submitted online on the department portal in the prescribed format along with the applicable documents in accordance to company registration process. In case of any discrepancy or approval, you will get the email from the department.
The significant documents required for company registration are Pan Card & aadhar card of directors, passport size photos of directors, conveyance deed or rent agreement, utility bills etc. along with the prescribed documents which can be prepared with the help of professional.
Yes, there is no restriction on person resident outside India/ NRI or Foreign National for becoming a Director in a Private Limited Company but at least one Director in the Board must be an Indian Resident.
Yes, you can complete all the documentation of the company by yourself, but it is recommended to take help of professional as verification of the chartered accountant or company secretary is mandatory for certifying that all the required compliances have been made. The professional can also help you in post compliances of startup registration or online company incorporation in India.