How to Register a Company in India?
Today, company registration process and other regulatory filings are paperless; documents are filed electronically through the MCA website and is processed at the Central Registration Centre (CRC). https://www.registerkaro.in/opc-registration Company Registration process is completely online. Upon completing all registration formalities, the Registrar of Companies’ issues a digitally signed Certificate of Incorporation (COI). Electronic certificates issued by the ministry can be verified by all stakeholders on the MCA website itself. Incorporating a company is a systematic process of collection and submission of details required as per the requirements of Companies Act 2013 and as per the process defined by the Ministry of Corporate Affairs from time to time. Management of the process requires in-depth knowledge of legal requirements and not to mention, practical experience of the same Why register a Company? Shields from personal liability and protects from other risks and losses. Offers liability protection to protect your company’s assets Procures bank credits and good investment from reliable investors with ease. Greater capital contribution and greater stability Increases the potential to grow big and expand BENEFITS OF INCORPORATING A COMPANY No personal liability to the owners of a company. Improves Credibility Easier to raise funds and loans from banks. Increase the potential to grow and expand. Attracts more customers What to keep in mind while Registering? One Director and Shareholder + One Nominee A One Person Company(OPC) can only have one shareholder. It must have a minimum of one director as well. A OPC also needs to appoint a nominee. Minimum Capital Contribution There is no minimum paid up capital amount for a company. A company should have an authorized capital of at least Rs. 1 lakh. Unique Name The name of your business must be unique. The suggested name should not match with any existing companies or trademarks in India. The proposed name and trademark can be checked here Registered Office The registered office of a 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. What Documents will you need? The below mentioned documents will be required for each Director/Shareholder and Nominee Identity And Address Proof Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs) Scanned copy of Voter’s ID/Passport/Driver’s 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 For online company registration in India, the company must have a registered office in India. To prove admittance to the registered office, a recent copy of an electricity bill or the property tax receipt or water bill must be submitted. Along with the rental agreement, utility bill or the sale deed and a letter from the landlord with her/his consent to use the office as a registered office of the company should be submitted. Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill Scanned copy of Notarized 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.
