Company Registration
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Overview of Company Registration
India has been one of the largest and fastest growing economies in the world. Once tauted as an emerging economy, now it holds the position among the financial superpowers of the world. This has attracted domestic as well as a foreign investment towards India. Many business promoters are willing to start a business in our country through Company Registration. As per the rules of the Companies Act, all new entities willing to work as a company in India needs to get a registration certificate from the Registrar of Companies (RoC). The registration process can be made hassle-free by taking assistance from the efficient and knowledgeable team of Muds. In the following sections, we have illustrated the process of registration with details regarding documents required and compliance regulations to be followed.
Company Registration in India is a complex process. One might need assistance from legal consultants to understand the complete process of registration. Let us understand in the following sections how to register a company in India in easy steps.
Private Company Registration
Step 1: Obtaining Digital Signature Certificate (DSC)
The process of private limited company registration is initiated by getting digital signature certificates for all the directors of the applicant firm. Getting the DSC is essential as the directors need to sign various documents digitally during the registration process of Private Limited Company.
Step 2: Obtaining DIN
This step involves getting Director Identification Numbers (DINs) for all the directors. Once DIN is activated for directors then they don’t need to apply for it again. It is valid for directorship in any firm.
Step 3: Name Availability Check
The firm must choose a unique name for it. The name availability should be checked on the MCA’s portal. Only a unique name should be picked for the company after verification from the portal for registration.
Step 4: Form SPICE INC-32
The online application for registration is made through the SPICE INC-32 form. The documents for registration are uploaded online along with the registration form. The copy of original documents along with the registration form is also sent to the regional office of RoC.
Step 5: MoA and AoA
Memorandum of Association (MoA) and Articles of Association (AoA) are two essential documents containing objectives and road map of company’s growth plan for next 3 years. These documents are submitted with the application form during registration.
Step 6: PAN and TAN Application
Submission of PAN number and TAN registered in the company’s name.
LLP Registration
Public Company Registration
Following are the steps for registration of Public Company
Company Registration and Certificate of Incorporation
The RoC registers a company after thorough verification of documents submitted by it. It verifies that the registration application and the name of the company is as per guidelines of the Companies Act, 2013 or not. Post satisfactory evaluation, the company gets a Corporate Identification Number (CIN) with Certificate of Incorporation (CoI). The certification is also issued in digital form. Post incorporation, the companies should meet all the compliance norms as per the MCA’s standards.
Document Required
Documents For Registration Of Private Limited Company
For a smooth new company registration process, the following documents and details should be kept ready:
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PRIVATE LIMITED COMPANY REGISTRATION
Basic | Standard | Premium |
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DSC & DIN | DSC & DIN | DSC & DIN |
Company Name Approval | Company Name Approval | Company Name Approval |
Company Registration | Company Registration | Company Registration |
Drafting & Filing of MOA & AOA | Drafting & Filing of MOA & AOA | Drafting & Filing of MOA & AOA |
TAN & PAN | TAN & PAN | TAN & PAN |
GST Registration | GST Registration | GST Registration |
Issue share certificate and Pay Stamp Duty | Annual Secretarial Compliances |
LIMITED LIABILITY PARTNERSHIP(LLP)
Basic | Standard | Premium |
---|---|---|
DSC & DIN | DSC & DIN | DSC & DIN |
LLP Name Approval | LLP Name Approval | LLP Name Approval |
LLP Registration | LLP Registration | LLP Registration |
Drafting & Filing LLP Agreement | Drafting & Filing LLP Agreement | Drafting & Filing LLP Agreement |
PAN Application | PAN | PAN |
GST Registration | GST Registration | GST Registration |
Corporate Law Compliances | Corporate Law Compliances | |
Book Keeping upto the turnover of ten lakhs or 250 entries whichever is higher |
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AOA (Articles of Association) represents the bye-laws of the corporate board. It states the dos and don’ts for the corporate. Memorandum of Association (MOA) represents the objective of the corporate. It states the objectives of the corporate that it wants to achieve through its activities.
The procedure of company registration is completely online. Prior to the enactment of the Companies Act 2013, this process was available in both online and offline mode. However, the Government has made this process completely online to promote the digitisation of services.
Yes, a physical premise is required to start a corporate or business. This is so because all sorts of liaising with the corporate will occur with different Govt. officials and the same will be considered when the corporate has got to file tax returns.
The name of the corporate must be following the objects of the (MoA) Memorandum of Association. The rules of the Companies Act, 2013 are going to be applicable while picking the appropriate name for the corporate.
Even though the method of registering a Pvt. Ltd. Company in India is completely online, it takes about 2 weeks (14 working) days to get the company registered.
Public Company (Rs. 11500) | OPC(One Person Company) Rs.8500 | Producer Company (Rs. 35000) | Nidhi Company (Rs. 20,000) |
---|---|---|---|
DSC & DIN | DSC & DIN | DSC & DIN | DSC & DIN |
Company Name Approval | Company Name Approval | Company Name Approval | Company Name Approval |
Company Registration | Company Registration | Company Registration | Company Registration |
Drafting & Filing of MOA & AOA | Drafting & Filing of MOA & AOA | Drafting & Filing of MOA & AOA | Drafting & Filing of MOA & AOA |
TAN & PAN | TAN & PAN | TAN & PAN | TAN & PAN |