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Simple Company Registration / Easy way to Register a Private Limited Company

Get in Touch with Expert now to Register a Company across India in Simple Way. 

Register your own new startup as Private Limited Company, with  ✓2 DSC & DIN

✓Name Approval ✓COI ✓MOA ✓AOA ✓PAN ✓TAN & Bank A/c

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What is Company Registration / Private Limited Company Registration

If you want to start a business in India, then the initial step is to register a company. Company Registration or Private Limited Company registration is the basic essence or initial procedure which every businessmen must follow. There are multiple type of formation of Company Registration like OPC Company, Pvt. Ltd. Company, Pubic Ltd. Companies and LLP but the most popular type of formation of Company Registration is Private Limited Company Registration. To register a private limited company, there is a minimum requirement of two directors and the paid up capital. The main benefit of Company Registration is that the liability of the directors is limited and therefore, the creditors can only claim their amount from Company’s assets and not director’s personal assets. If a non-resident person wants to start a company in India, then he/she can do Company Registration and he can also be the director of the Company. If you want to start a company in India then make sure your company is registered as Company Registration should be your first priority under Ministry of Corporate Affairs ( MCA ).
Raag Consultants will assist you in Company Registration in Delhi, Delhi NCR, Mumbai, Chennai, Kolkata, Jaipur and other Indian metro as well as non-metro cities. We will help you with company formation procedure and new company formations procedure. All the company registration information will be given to you by our experts.
 

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Advantages of Company Registration

      Easy Fund Raising

Company registration process is itself build a platform of trust for the market which makes fundraising from external market easier. The organization itself have the various alternative to raise funds in the form of private equity, Employee Stock Option Plan(ESOP), and more.

      Management and Ownership Separation

One of the important benefit of Company Registration is there is separation  between ownership and management which help both, the company and the management to work effectively for the Company's objectives. The shareholders assign responsibility to operate and run the company without losing control in the form of voting.

      Separate Legal Existence

Once the Company registration in India is done, a legal entity is born in eyes of law. This separates itself from its owners and managers. The company can operate on its own name simply by opening a bank account to own assets and enter into contract with parties. This also provides right to sue third parties in case of any defaults.

        Continue Existence

After Company Registration, a company has it own legal existence in the market and having ‘perpetual succession’, that is continue or uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or cessation of any member but continues to be in existence irrespective of the changes in membership

       Owners’ Limited Liability

The Liability of the shareholders or the owner of the company is limited upto the shareholding in the company. The creditors cannot bound the shareholders to pay the statutory and other liabilities of the company from their personal assets.

Different Forms of Company Registration

Passport size photograph of directors

Documents Required for Company Registration

Copy of PAN Card of directors

Copy of Aadhaar Card/ Voter identity card of directors​

​Electricity/ Water bill (Business Place)

​Copy of Property papers(If owned property)

​Copy of Rent agreement (If rented property)

Landlord NOC (Format will be provided)

Checklist for Company Registration in India

According to the law in the Company Act, 2013 in order for any company to be registered in India, the below conditions have to be met.

 

Two Directors:

A private limited company must have at least two directors and at most, there can be 15. Of the directors in the business, at least one must be a resident of India.

 

Unique Name:

The name of your business must be unique. The suggested name should not match with any existing companies or trademarks in India.

 

Minimum Capital Contribution:

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

 

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.

How to do Company Registration Online? - A detailed registration process

Company Registration will be more beneficial for startups in India because the government provides many legal compliance reliefs to the new startups to encourage them to do business in India. The MCA (Ministry of Corporate Affairs) regulates the company registration process with rules and regulations framed in accordance with the law. Following are the detailed steps for Company Registration:

•    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 E-MoA and E-AoA to register 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 company name

Search a company name before Company Registration:

One of basic and initial step in the process of Company Registration is to check the availability of the company name. There is a facility given by the Ministry of Corporate Affairs to check the resemblance with the companies already registered in the MCA database and also check whether the company name is resemble with any trademark or not by searching in Intellectual Property Rights database.

We recommend the businesses to come up with three to four alternative names during the approval stage of Company Registration. The Ministry of Corporate Affairs will be the final authority to approve the name based on the availability rules and regulations.

 

If you are disappointed that a preferred name is taken, do remember that the name of your company doesn't have to be your brand name. However, if you're going to trademark your brand name, also check if it has already been trademarked at http://www.ipindia.gov.in/. If it has been trademarked, you would need a no-objection certificate from its owner to have it approved as your company's name.
 

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Frequently Asked Questions

Q. What are the conditions to incorporate a Private Limited Company?

A. The conditions of Company Registration or for the incorporation of a private limited company are that:

  1. The number of members must be between 2-200.

  2. There must be at least two directors and two shareholders

  3. Each director must have a Directors Identification Number (DIN)

  4. PAN card copy of directors/shareholders. Passport copy for NRI subscribers.
     

Q. Can Company Registration be done on residential address?

A. Yes. The company needs to provide address proof for incorporation. But the Ministry of Corporate Affairs (MCA) allows a residential address to be used as the company’s registered address. Thus any address can be provided as the registered address.

Q. What are MOA and AOA?

A. Memorandum of Association (MOA) is defined under section 2(56) of the Companies Act 2013. It is the foundation on which the company is built. It defines the constitution, powers and objects of the company.
The Articles of Association (AOA) is defined under section 2(5) of the Companies Act. It details all the rules and regulations relating to the management of the company.

Q. What are the attachments to Form 8?

A. The following documents must be attached with Form 8:

  1. Disclosure under Micro, Small and Medium Enterprises (MSME) Development Act, 2006 is a mandatory attachment.

  2. Statement of contingent liabilities to be attached in case any contingent liability exists.

  3. Any other relevant information can be provided as an optional attachment.
     

Q. How is SPICe INC 32 different from INC 29?

A. SPICe INC 32 is very similar to INC 29, which was being used to incorporate companies. Both forms quicken the process of incorporating the company. However, the significant difference between the two forms is that in the new SPICe INC Form 32, there is a provision for entering name approval that was already obtained by the applicant, whereas in the form INC 29, there was no provision for entering a previously obtained name approval leading to chances for submission and rejection.

Q. Is there a limit on the number of directors that can use the SPICe INC 32 for obtaining DIN?

A. For the incorporation of the company, a maximum of three directors can use the integrated form for filing application for allotment of DIN.

Q. Are PAN and AADHAR mandatory?

A. No. The Companies (Incorporation) Third Amendment Rules dated 27th July 2016 has relaxed the mandatory attachment of proof of identity and residence in respect of a subscriber having a valid DIN.

Q. Is it mandatory to file eMOA and AOA along with SPICe INC 32?

A. Yes it is mandatory to file eMOA and eAOA in the following circumstances

  1. individual subscribers are Indian nationals

  2. If individuals subscribers are foreign nationals, then they have a valid DIN and DSC and also submit proof of a valid business visa

  3. non-individual subscribers based in India
     

Q. In what circumstances are physical copies of MOA and AOA required to be signed and attached?

A. Physical copies are needed to be signed and attached in case non- individual first subscribers are based out of India, or individual foreign subscribers do not hold a business visa. It is to be noted that If physical MOA and AOA are filed, then there is no need to attach eMOA and eAOA.

Q. How are PAN and TAN communicated to the user once SPICe INC 32 is accepted?

A. On acceptance of SPICe forms, the Certificate of Incorporation (COI) will be issued with valid PAN and TAN as allotted by the Income Tax department. An email with the COI as an attachment along with PAN and TAN will be sent to the applicant. PAN and TAN in the email will be held valid as the requirement for a laminated card for PAN has been done away with.

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