The first & foremost requirement of start-up registration is to choose the favorable business structure and also to register a company name in India.
The choice of right business structure will impact many factors from your business name, to your liability towards business, to how you file your taxes & statutory dues. The operational and financial success of the company also depends on the business structure, accordingly online company registration in India process can be followed.
Company incorporation is regulated by Ministry of Corporate Affairs (MCA) in India through Companies Act,1956,2013 and other allied Bills, Acts and Rules.
There are various important services as well as protection offered by MCA to stakeholders in Company Incorporation in India. So it is benficial to regsiter a company before starting any business or doing any investment.
As there are multiple types of company registration in India with different types of benefits.
The first step of incorporating the company is to decide about the name of your company which will be applied to MCA for approval. Names given for approval should ideally be unique and related to business activities of the company. MCA
The next step for startup registration is to apply for digital signature and DPIN. A digital signature is an online signature used for signing the e-forms and DPIN refer to Director's identification number issued by Registrar.
Once the name is approved, Memorandum of association and Articles of Association needs to be prepared which includes the rules & by-laws of the company that regulates the operation of the business. Both MOA and AOA are filed with the MCA with the subscription statement for the authentication & approval.
Fill the application forms duly, attach the documents, get the same verified by professional then file the form to ROC then make the payment.
Once all the documentation is done & form is filed with the department, registrar issues the incorporation certificate. The certificate of incorporation mentions significant information about the company such as CIN number, the name of the company, date of incorporation, etc.
After the receipt of incorporation certificate, you can submit the copy of Incorporation certificate, MOA, AOA and PAN along with the account opening form of the bank to open your bank account.
The minimum requirement of directors for a one person company is one (1), additionally, there is a requirement of one member & nominee.
The significant documents required for company registration are Pan Card & aadhar card of directors, passport size photos of directors, conveyance deed or rent agreement, utility bills etc. along with the prescribed documents which can be prepared with the help of professional.
There are various types of business entities in India such as sole proprietorship, partnership firms, Co-operative Societies, Companies, etc. The choice of suitable business structure for any particular business depends on factors like ownership, availability of capital resources, the scale of business, etc.
Yes, you can complete all the documentation of the company by yourself, but it is recommended to take help of professional as verification of the chartered accountant or company secretary is mandatory for certifying that all the required compliances have been made. The professional can also help you in post compliances of startup registration or online company registration in India.
The application has to be submitted online on the department portal in the prescribed format along with the applicable documents. In case of any discrepancy or approval, you will get the email from the department.
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