Why you must Register your Company?
Let’s see how does company formats like Private limited and LLP put you at an advantageous position.
It protects you from personal liability for business risks and losses
Makes you look serious and attracts more customers
Creates better image and credibility in the market
Easier to get bank credit and investment from investors
Creates faith in employees and easy to attract talented manpower
It is very convenient to exit or sell the business, due to less documentation and cost
Procedure and Steps Taken for Register a Private Limited Company :-
Step 1. Application for Director Identification Number (DIN) in form DIR-3 & DSC (Digital Signature Certificate).
Step 2. Search for the Company Name availability.
Step 3. Application for the Name availability.
Step 4. Drafting of Memorandum of Association (MOA) & Articles of Association (AOA).
Step 5. Filing of e-forms with RoC (Registrar of Companies).
Step 6. Payment of RoC Fees & Stamp Duty.
Step 7. Verification of documents / forms by RoC
Step 8. Issue of Certificate of Incorporation by RoC.
Steps involved in Registering A Company?
Arrange basic documents of Directors
Apply for DSC (Digital Signature) of Directors
Prepare MOA, AOA & other Legal documents
File INC 29 or Incorporation Docs with ROC
Get your Company Incorporation Certificate
MCA Company Name Search Process
Checking the Company name availability is a very important step in Incorporation of a Company.
What does this mean?
Company Name Search means before starting your business, you must know that the name of your company is not similar to any existing company or trademark. Also your business name must comply with MCA naming guidelines.
Detailed Online name search on MCA website will help you to apply for a legally proper name, so that there is no legal issues in going forward.
Documents Required for Company Registration
Directors & Shareholders Documents
Passport size photograph
PAN Card copy (mandatory)
Proof of Identity (Any one of the below)
Passport
Aadhar Card
Driving License
Voter ID
Proof of Identity (Any one of the below)
Bank Statement
Electricity Bill
Telephone Bill
Mobile Bill
Registered Office Address Proof Documents
Office Property Ownership/Rental documents
Address Proof of Registered Office Premises
Once you have these documents you are ready to roll your sleeves and get ready to be incorporated.
FAQ Series on Private Limited Company Registration.
a) Can I Register a Private limited Company on my Home Address ?
Yes, you can register your company at your residential address. there is no issue, you need only the utility bill copy of the same.
b) Can I Register my family members in the company, if have no partner ?
Yeah, it’s a good idea to register your family member,However on later stage you can change this or transfer the shares of the directors.
c) How many days takes to register a private limited company ?
Its take minimum 10 to 15 days avg. to register a private limited company in India.
d) How much cost for the private limited company ?
It costs around 14999/- INR except in some state like Punjab, Kerala and MP State due to Stamp Duty.
e) What is meant by the authorised capital in case of private limited company i.e is 1 lakh rupees ?
It’s a just a maximum share value which you can issued in your company so its not mean that you have to invest the 1 lakh rupees. you can start your own private limited company with any amount of capital.
f) GST Registration is required for private limited company ?
GST Registration is optional till the 20 lakh rupees turnover and for north east state 10 lakh rupees turnover. it’s a complete separate registration apart from private limited company registration.