Starting a company is a big step. It helps you grow your business and build trust. If you are thinking about starting a business in India, the first thing you need to do is register your company. This article will walk you step by step through the process of how to register your company in India in a straightforward and simple manner.
Why Register a Company in India?
Let us know why company registration is necessary before we discuss the steps:
It provides your business with a legal identity.
You can open a bank account in the name of your company.
It develops trust with your customers and partners.
You can raise loans and funding from banks or investors.
It protects your business name from being copied.
Types of Businesses You Can Register in India
You’ll first have to decide what type of business you want to register. The most popular ones are listed below:
1. Private Limited Company
Most popular choice for startups.
Requires a minimum of 2 directors and 2 shareholders.
2. Limited Liability Partnership (LLP)
Suitable for small firms.
Requires a minimum of 2 partners.
3. One Person Company (OPC)
For sole proprietors.
You can have yourself as the sole director and shareholder.
4. Sole Proprietorship
Simple to register.
Operated by one person alone.
5. Partnership Firm
Founded by two or more individuals.
Simple and easy process.
Steps on How to Register Your Company in India
Now, let's see how to register your company in India step by step:
Step 1: Obtain a Digital Signature Certificate (DSC)
A DSC is utilized to sign documents online. All directors and partners need to have a DSC. You can obtain it from government-approved organizations.
Step 2: Obtain Director Identification Number (DIN)
DIN is an identification number assigned to all directors of a company. It is required while registering your company.
Step 3: Select a Company Name
Select a distinctive name for your company. You can verify if your name is available on the website of the Ministry of Corporate Affairs (MCA).
Step 4: File Name Approval
After finalizing the name, file for the approval of the name through the Spice Part A Form on the MCA website.
Step 5: Prepare the Documents
You will require the following documents:
Memorandum of Association (MOA)
Articles of Association (AOA)
proof of directors’ and shareholders’ ID and address
Address proof of the company office
Step 6: Register Company
Complete the SPICe+ form on the MCA website. Upload all the documents and pay the fee. The form contains:
PAN (Permanent Account Number)
TAN (Tax Account Number)
Step 7: Obtain Certificate of Incorporation
Once everything has been reviewed and authorized, you will receive the Certificate of Incorporation. Your company is now officially registered.
Step 8: Open a Company Bank Account
Once your company is registered, open a bank account in the name of the company. You’ll require the Certificate of Incorporation and PAN card.
Documents Required for Company Registration in IndiaHere is a plain list of documents you will require:
ID proof of directors (Aadhaar card, passport, or voter ID)
Address proof (electricity bill, bank statement, etc.)
Passport-size photographs
Proof of registered office (rent agreement or property documents)
NOC from the owner of the property (if rented)
Common Mistakes to Avoid
Selecting a name already in use.
Not filing proper documents.
Providing incorrect information in forms.
Not verifying rules for foreign directors (if any).
Conclusion
It is quite simple to register a company in India if you pay close attention to the steps. It is the beginning point to begin your business journey. If you have proper assistance and planning, you can accomplish the task easily. We hope that this guide on company registration in India will assist you in beginning your business confidently.
If you are unsure of the process, you can always consult a company registration specialist or a CA.
Need Help? Let Maalik Bano Guide You
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Simple company registration services
Support step by step
Reasonable pricing
Professional team for all paperwork
Leave the process to Maalik Bano while you concentrate on your business idea. Call us today and turn your business dream into a reality!