How to Register a Company in India? – Advantages - Company Registration in India
Do you want to start a company in India but can’t seem to get it registered? Don’t worry; this article will teach you all you need to know about how to establish a company in India, the business registration in India, the benefits of company registration, and other compliance criteria that must be completed while starting a business in India.
A Briefing on 'How to Start a Business?'
In India, forming a Private Limited Company is one of the most often advised methods of starting a company. This sort of company imposes both limited accountability and ownership limits on stakeholders. An LLP (Limited Liability Partnership) is a corporate structure in which a group of partners owns and operates it. In a Private Limited Company Registration, the directors and shareholders may be distinct.
Fundamental Requirements for the Indian Company Registration Process
- The name of your organisation must be different. The proposed name should not be confused with any existing businesses or trademark registrationin India.
- A company’s registered office does not have to be a commercial site. To utilise a rental property as the registered office, a NOC from the landlord is necessary.
- A private limited company must have at least two directors and a maximum of fifteen. At least one director of the firm must be an Indian citizen.
- A business is not required to have a certain quantity of capital. The authorised capital of a firm should be at least one lakh rupees.
The Benefits of Foreigner Company Registration in India
There are various benefits to starting a company. The validity of your firm will be improved if it is registered. It is advantageous to your firm in the following ways:
- It safeguards you against personal culpability as well as other risks and damages.
- Increase the number of clients you can have
- Obtain bank credits and decent investments from trustworthy investors with ease.
- Provides liability protection for your company’s assets.
- Increased capital contribution and stability
- Improves the company’s capacity to develop and grow.
Documents required for Company Registration Process in India
For Indian to Register a Company in India:
- PAN Card Copy of a proposed Directors
- Address proof of the directors such as Passport/ Voter ID/ Ration card / Electricity bill / Aadhar card
- Residential proof for e.g. Bank Statement, Electricity Bill, Telephone Bill, Mobile Bill etc etc.
- Registered office proof
- Proof of evidence for any utility service like telephone, gas, electricity, etc. for office premises
- Identity and address proof of shareholders
- MOA and AOA
For Foreign Nationals to Register a Company in India:
- Copy of Passport (Notarized or Apostille)
- Address proof of the directors such as Driving License, Residence Card, Bank Statement, Government issued form of identity containing address
- Residential proof for e.g. Bank Statement, Electricity Bill, Telephone Bill, Mobile Bill and many more.
- Registered office proof
- Proof of evidence of any utility service like telephone, gas, electricity, etc. for the office premises etc.
- Identity and address proof of shareholders
- MOA and AOA
How to Register a Company in India?
- Get DSIC
- Apply for the DIN (Digital Identification Number)
- Apply for the Name Availability
- Submission of a document such as MOA and AOA
- Fill in all the details in Form Spice+
- Registrar of Company will issue a Certificate of Incorporation with PAN & TAN.
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