How to do Company Registration in India?

Company Registration

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Private Limited Company is the most common and popular form of legal personality in India. The registration of a private company is regulated by the Companies Act 2013 of the Ministry of Enterprises and the Companies Incorporation Rules, 2014. To register a private limited liability company, at least two shareholders and two directors are required. A natural person can be both a director and a shareholder, while a legal person can only be a shareholder. In addition, foreign nationals, foreign business entities or NRAs can be directors and/or shareholders of a company with foreign direct investment, making this the preferred choice of an entity for foreign promoters.

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Unique features of a private limited liability company, such as the protection of liability for shareholders, the ability to raise equity funds, the status of individual legal entities and the continued existence, make this the most recommended type of business entity for millions of small and medium-sized companies that family property or professionally managed.

Lawwagon is the market leader for Company registration services in India. Lawwagon can help you register a private limited liability company, a person, a Nidhi company, a section 8 company, a producer or an Indian subsidiary. The average time to complete the business formation is around 10-15 business days, depending on the processing time by the government and the submission of the document by the customer. Receive a free consultation for registering a private limited liability company and start a business by making an appointment with a Lawwagon advisor.

Why choose Company Registration in India? Benefits

Registering a company offers many benefits. A registered company makes it real and increases the authenticity of your company.

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  • Protects against personal liability and protects against other risks and losses.
  • Attracts more customers
  • Easily buys bank loans and good investments from reliable investors.
  • Provides liability protection to protect your company’s assets
  • Greater capital contribution and more stability
  • Increase the potential to grow up and expand
  • You also get a Zero Balance account - Powered by DBS Bank *
  • Checklist for registering a company in India
  • According to the law in company law, 2003, a company in India must be registered under the following conditions
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TWO DIRECTORS:

A private limited liability company must have at least two directors and at most fifteen members. Of the directors in the company, there must be at least one Indian resident.

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UNIQUE NAME

The name of your company must be unique. The proposed name cannot match existing companies or trademarks in India.

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MINIMUM CAPITAL CONTRIBUTION:

There is no minimum capital amount for a company. A company must have an authorized capital or at least Rs. 1 lakh.

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REGISTERED OFFICE:

The registered office of a company has no commercial space. Even a rental house can be the registered office, as long as an NoC is obtained from the lessor.

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How do I register my company online?

A detailed registration process Business registration in India will boost the progress of startups and give an additional benefit to those who have not registered. The Ministry of Corporate Affairs regulates the registration process of companies with rules and regulations drawn up in accordance with the law.

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Step 1: Application for DSC (Digital Signature Certificate).

Step 2: Apply for the DIN (Director Identification Number)

Step 3: Application for the name availability.

Step 4: Filing of the EMoa and EAOA to register a private limited company

Step 5: Apply for the PAN and TAN of the company

Step 6: Issued certificate of incorporation by RoC with PAN and TAN

Step 7: Opening a current bank account on a company name

Search a company before Company Registration

One of the most important steps in business registration is to ensure that no tasks have been assigned to the company by another legal entity. We can execute a company name to check the availability of the specific name in India against the MCA and trademark database.

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We advise companies to come up with three to four alternative names during the approval phase or registration of a private company. The Ministry of Corporate Affairs will be the ultimate authority to approve the name based on availability rules and regulations.

If you are disappointed that preferred name tasks, remember that the name of your company does not have to be your brand name. However, if you are going to use your brand name, make sure it is already a trademark at http://www.ipindia.gov.in/ If it is a trademark, you need a certificate of no objection from the owner to have it approved as the name of your company.

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Documents required for Online Company Registration

In India, private business registration cannot be performed without the correct proof of identity and address. Proof of identity and address will be required for all directors and shareholders of the company to be included. Below are the documents that are accepted by MCA for acceptance of the online registration process of companies.

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IDENTITY AND ADDRESS PROOF

  • Scanned copy of PAN card or passport (Foreign Nationals & NRIs)
  • Scanned copy or voter card /passport/driver’s license
  • Scanned copy of the most recent bank statements/telephone or mobile invoice/electricity or gas bill
  • Scanned passport photo of the passport photocopy (blank document with signature [directors only])
  • For the foreigners, an apostille or a notarial copy of the passport is mandatory. All submitted documents must be valid. The proof of residences such as the bank statement or the electricity bill must be less than 2 months old.
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REGISTERED OFFICE PROOF

For online business registration in India, the company must have a head office in India. To prove access to the registered office, a recent copy of the electricity bill or the property tax certificate or the water bill must be submitted. Together with the lease, energy bill or the sale, a landlord sent a letter with his / her permission to use the office if a registered office or company has to be submitted.

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  • Scanned copy of the most recent bank statements/telephone or mobile invoice/electricity or gas bill
  • Scanned copy or notarial rental agreement in English
  • Scanned copy of No-objection certificate from the owner of the house
  • Scanned copy of sale did / property did in English (in case of ownership of the owner)
  • Note: your registered office does not have to be a commercial space; it can also be your place of residence.
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How can we help in Registering your Company in India? Why Lawwagon

The private registration process for companies is completely online, so you don’t even have to leave your home to register your entity. At Lawwagon we complete the company registration online within 14 days.

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Lawwagon Company Registration package includes:

  • DIN and DSC for two Directors
  • Drafting of MoA & AoA
  • Registration fees and stamp duty
  • Company Incorporation Certificate
  • Company PAN and TAN
  • Zero Balance Current Account - Powered by DBS Bank *

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