Company Registration

We help you to register your Company in India and help you in getting its respective benefits.

A trust is suitable for charitable organisations which are started by individuals persons or families. A trust runs through a corpus fund, which is established by an initial donation from the founding individual or family and then sustained through external donations

Societies can be formed for charitable as well as recreational purposes. It is usually formed by a collective of like minded people with a common goal or vision that is not commercial in nature.

This structure is usually suitable for NGOs that do not only collect charitable donations but also engage in commercial activity to raise funds for their charitable and social pursuits.

Your Business Expert

What is Company Registration?

Company registration in India refers to the process of legally incorporating a business entity in the country. This process involves complying with various legal and regulatory requirements as prescribed by the Indian government and various agencies such as the Ministry of Corporate Affairs (MCA) and the Registrar of Companies (ROC).

The process of company registration in India typically involves the following steps:

Determining the type of company to be registered: In India, there are several types of companies that can be registered, including private limited company, public limited company, one person company (OPC), limited liability partnership (LLP), and so on.

Obtaining Director Identification Number (DIN) and Digital Signature Certificate (DSC) for directors: DIN is a unique identification number assigned to a director of a company and DSC is a digital signature that is used for electronic filing of documents.

Applying for a name availability: The applicant must ensure that the proposed name of the company is available and not already in use.

Filing the incorporation documents: The applicant must file the necessary incorporation documents, such as the Memorandum of Association and the Articles of Association, with the Registrar of Companies.

Obtaining the Certificate of Incorporation: After the incorporation documents have been filed and approved, the Registrar of Companies will issue a Certificate of Incorporation, which serves as proof of the legal existence of the company.

Registering for taxes: The company must register for various taxes such as Value Added Tax (VAT), Service Tax, and Professional Tax, as applicable.

It is important to note that the process of company registration in India can be complex and time-consuming. It is advisable to seek the assistance of a professional or a consultant who has experience in this area.

Benefits of Pvt Ltd Company Registration

Registering a company offers many benefits. A registered company increases the authenticity of your business. It helps your business

Shield from personal liability and protects from other risks and losses
Attract more customers
Procure bank credits and good investment from reliable investors with ease
Offers liability protection to protect your company’s assets
Greater capital contribution and greater stability
Increases the potential to grow big and expand

Checklist for Private Limited Company Registration in India

As defined by the Companies Act, 2013 one must guarantee that the checklist requirements are met without fail.

Two Directors:

A private limited company must have at least two directors, with a maximum of fifteen. A minimum of one of the company’s directors must be a resident of India.

Unique Name

The name of your pvt ltd company must be unique. The suggested name should not match with any existing companies or trademarks in India.

Minimum Capital Contribution:

There is no minimum capital amount for a Pvt ltd company. A Pvt limited company should have an authorised capital of at least ₹1 lakh.

Registered Office:

The registered office of a pvt ltd company does not have to be a commercial space. Even a rented home can be the registered office, so long as an NOC is obtained from the landlord.

FAQ

What are the rules for picking a name for a private limited company?

The Registrar of Companies (ROC) across India expects applicants to follow a few naming guidelines. Some of them are subjective, which means that approval can depend on the opinion of the officer handling your application. However, the more closely you follow the rules listed below, the better your chances of approval. First, however, do ensure that your name is available.

How much time is needed for setting up a private limited company in India?

If you have all the documents in order, it will take no longer than 15 days. However, this is dependent on the workload of the registrar.

Do I need to be physically present during this process?

No, company formation in India is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.

What documents are required to complete the process?

All directors must provide identity and address proof, as well as a copy of the PAN card (for Indian nationals) and passport (for foreign nationals). No-objection certificate must be submitted by the owner of the registered office premises.

Does a private limited company have continuous existence?

Yes, so long as the annual compliances are met, the private limited company will continue to exist. If you do not comply with the requirements, it will go dormant, until it is struck off the register altogether.

Is it necessary to have a company’s books audited?

Yes, a private limited company must hire an auditor, no matter what its revenues are. In fact, an auditor must be appointed within 30 days of incorporation. Compliance is important with a private limited company, given that penalties for non-compliance can run into lakhs of rupees and even lead to the blacklisting of directors.

What are Articles of Association (AOA) and Memorandum of Association (MOA)?

These documents contain the rules, vision and mission of your organisation, and define, among other things, the exact business and the roles and responsibilities of shareholders and directors.

Are two directors necessary for registration of a company?

Yes, a minimum of two directors are needed for a private limited company. The maximum members can be 200. You can register as a one person company, if you are the sole owner of the company.

What is the minimum capital needed to do company incorporation?

There is no minimum capital required for starting a private limited company.

Can the director of a private limited company be a salaried person?

Yes, a salaried person can become the director in a private limited, LLP or OPC private limited company. One needs to check the employment agreement if that allows for such provisions. In a lot of cases, the employers are quite comfortable with the fact that their employee is a director in another company.

Can the limited liability partnership (LLP) be converted to a private limited company?

No, one cannot convert an LLP into a private limited company as it is not a MCA. The Limited Liability Partnership Act, 2008 and the Companies Act, 2013, both don’t have any provisions on conversion of the LLP in a private limited company. However, if one wants to expand their business they can register a new private limited company with the same name. The LLP company needs to just issue a no objection certificate.

What is the time taken by DTM in forming a PVT ltd company?

DTM can integrate a private limited company in 14-15 days. The time taken also depends on the relevant documents provided by the applicant and the speed of approvals from the government. To ensure a speedy registration, kindly pick a unique name as the proposed company name and also ensure that you have all the required documents prior to the starting of the registration process.

Can one register a private limited company on their home address?

Yes, the company can be registered at the owner’s home address. A copy of the utility bill is required to be submitted.

If there are no partners available, then can one register their family members in the company?

Yes, it is good to register a family member as a partner. At a later stage one can change this or transfer shares of the directors.

Can NRIs/foreign nationals become directors in a private limited company?

Yes, a NRI or a foreign national can become a director of a private limited company. He or she must obtain a DIN from the Indian RoC. They can also hold a controlling stake in the company. As long as at least one director on the board of directors is an Indian resident.

Documents Required for Online Company Registration

Criteria For Filing A Patent

In India, private limited company registration cannot be done without proper identity and address proof. Listed below are the documents accepted by the MCA for the online company registration process:

Identity and Address Proof

Scanned copy of PAN card or passport (foreign nationals & NRIs)
Scanned copy of voter ID/passport/driving license
Scanned copy 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 copy of the latest bank statement/telephone or mobile bill/electricity or gas bill
Scanned copy of notarised rental agreement in English
Scanned copy of no-objection certificate from the property owner
Scanned copy of sale deed/property deed in English (in case of owned property)

Note: Your registered office need not be a commercial space; it can be your residence too.

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