Online Company Registration in India – An Overview
Establishing up a private limited company is one of the highly endorsed ways to start a business in India. This category of the company offers limited liability for its shareholders with certain limitations placed on the ownership. A Limited Liability Partnership has partners, who own and manage their business. Although in Private Limited company registration, directors may be different from shareholders.
There are many trusted legal advisors, who provide cost-effective company registration services in India. Here you may learn how to register your business. We take upkeep of your all legal formalities and fulfill the compliances, as defined by the Ministry of Corporate Affairs. Post-approval of the company registration process, you receive a Certificate of Incorporation (COI), along with PAN and TAN numbers. Now, you can easily open a current bank account and commence your business processes.
Benefits of Company Registration
Registering a company offers several benefits. A registered company enhances the legitimacy of your business. It helps your business:
- Safeguard from personal liability and guards from other risks and losses
- Appeal more customers
- Procure bank credits and good investment from consistent investors with ease
- Offers liability fortification to protect your company’s assets
- Better capital contribution and superior stability
- Surges the potential to grow big and expand
Checklist for Registering a Company in India
As defined by the Companies Act 2013, we must assure that the checklist requirements are met.
Two Directors:
A private limited company must have at least two directors, with a maximum number of fifteen. And minimum one of the company’s directors must be a resident of India.
Unique Name:
The name of your company/business must be unique. The proposed name should not match any present companies or trademarks in India.
Minimum Capital Contribution:
There is no minimum capital expanse for a company. A company must have sanctioned capital of at least ₹1 lakh.
Registered Office:
The registered office of a company does not require commercial space. Even a rented house can be the registered office, so long as NOC is obtained from the landlord.
Process of how to Register Company Online
Company registration in India aids start-ups since it offers them an advantage over those who have not registered. The process of registering a company is complex and comprises many compliances. However, you needn’t worry as long as you have US as our professionals will help you on every step of the private limited company registration process.
- Step 1: Acquire Digital Signature Certificate
- Step 2: Apply for Directors Identification Number
- Step 3: Application for the availability of the name
- Step 4: Submission of Memorandum Of Association and Articles Of Association to register a private limited company
- Step 5: Apply PAN and TAN numbers for the company
- Step 6: ROC issues a certificate of incorporation with PAN and TAN numbers.
Documents Required for Online Company Registration
In India, Private Limited Company registration cannot be completed without appropriate identity and address proof. Below listed are the documents acknowledged by the MCA for the online company registration process:
Identity and Address Proof
- Scanned copies of PAN Card or Passport (foreign nationals & NRIs)
- Scanned copies of Voter ID/Passport/Driving Licence
- Scanned copies of the latest bank statement/telephone or mobile bill/electricity or gas bill
- Scanned passport-sized photograph specimen signature (blank document with signature [directors only])
Registered Office Proof
- Scanned copies of the latest bank statement/telephone or mobile bill/electricity or gas bill
- Scanned copy (in English) of the notarized rental agreement
- Scanned copy of NOC No Objection Certificate from the property owner
- Scanned copy (in English) of sale deed/property deed (in case of owned property)
Note: Your registered office does not require any commercial space; it can be your residence too.