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How to register a company in india
1. How to register a Company in India
The compliance for company registration in India must go through explicit thorough minute details
and to avoid any penalties or failing into non-compliances, this process needs to be handled with
great knowledge and shall be given to the organization that has great experience and the one
where our trust resides.
We at Starters’ CFO have made company registration services simple, easy to understand, with
proper documentation and clear guidelines that will assist any organization in starting their
business by following a set of rules and procedures that we assist them with, and they only need
to establish their trust and faith in our company registration services.
We are a team of individuals who have been dealing with company registration services for years,
so we are well aware of the process. We have a team of Chartered Accountants and Company
Secretaries who assist in making the entire process fully compliant, as well as keeping us abreast
of the latest laws and regulations that make the company registration process go smoothly.
Registering the organization and giving it a legal name is a very crucial decision. There are
various options concerning the registration of the company. Selecting the right option as per your
business activity is of utmost importance. When the right enterprise is selected, business revenues
and growth can be met.
As per mandatory legal compliance, In India, we need to register a company.
Let us understand the process and the types of company options one can avail of.
Types of Companies that can be registered in India.
1. One Person Company.
2. Private Limited Company.
3. Public Limited Company.
4. Limited Liability Company.
2. Selecting the right business structure is extremely important, let us see why a particular structure
shall be selected.
One Person Company
If there is a single person and has an entire single initial investment, the biggest benefit it carries
is that it requires only one person to become the main authority. It can offer limited liability
shareholders and is easy to operate and follow its rules and regulations with one authority as the
supreme one.
Private Limited Company
It's intended for smaller organisations. A minimum of 2 members and a maximum of 200 members are
required in the formation of a corporation under the Companies Act of 2013. Individual members own
shares in the company. Their responsibility is restricted to the amount of shares they own. These shares can
be sold, and new members can be included in the company.
It can also be divided into three parts:
Company limited by shares.
Company limited by guarantee.
Unlimited
Company.
Company limited by shares - The liability of the company's shareholders is limited to the
amount of shares they own in this sort of business. If the debt is not paid, they will be held liable.
Company limited by Guarantee- In this type of company, the liability of the shareholders of the
company is not only limited to the amount but also the personal assets that they give a guarantee
of.
Unlimited Company- There is no liability on the members in this case. If the company fails to
pay debt here then the amount can be taken by selling personal assets of the shareholders as well.
3. Public Limited Company
This type of company formation issues shares to the general public. This type of company allows
various investors and raises high capital and a company that needs to expand more into varied
projects, can sell stock easily to the public, raising their funding helps them to capture markets.
Limited Liability Company
The type of company that is protecting the investors or owners of the business from their assets
and the entities that want a hybrid structure company formation can have this option(partnership
and Sole-proprietorship)Its regulations would vary from state to state. The taxation aspects here
bypass the profits to members and then they file returns on their capacities.
The process of Company registration is simplified and we at Starters’ CFO will provide a glance
of how it works from the process of applying, document creation and registration, filing of
various forms, directors registration, and all other company-related activities are simplified.
Company registration has to abide by the following procedure.
The details are given complying with Section 7 of the Companies Act,2013.
1. Filing the papers with the registrar of the companies and obtaining Digital Signatures
2. Obtaining DIN (Director Identification Number)
3. Registering the Company on MCA Portal
4. Obtain the certificate of Incorporation.
5. Furnishing of false information at the time of incorporation and any penalties if levied.
We at Starters’ CFO help you in each process and regulate each procedure with effective
compliance measures so that laws are followed and no penalties are levied.
Let us see how each step is evaluated.
4. 1. Filing of the papers with the Company Registrar
From legal to documentation aspects, the entire process is facilitated with the help of a team of
experts of CS, Lawyers, and Chartered Accountants that minutely examines the legal aspects.
A small glimpse of the process:
The Memorandum of Association has to be signed by all the persons who intend to
become members of the company.
The person having the name in the articles also needs to sign the declaration following the
rules and compliance aspects are duly taken care of.
The other procedural aspects such as checking that no conviction has been done
concerning all the directors, and no fraud aspects are found in management and the
information is checked that it is true and correct.
All the individuals who are directors need to submit all the residential proofs and if it's a
body corporate then all the documents need to be submitted.
Digital Signatures are also an essential part of the company registration process. All the directors
that are proposed or subscribers of the memorandum and articles of association.
2. Obtaining DIN (Director Identification Number)
In the company registration forms, every person who has to be the director of the company has to
submit all the details, address proofs with all the required details needs to be submitted along with
the registration form.
3. Registering the company on MCA Portal
To apply for registration, all the forms (SPICe+) forms have to be filled and submitted on the
Portal. For performing this procedure, the director of the company needs to be registered on the
MCA Portal. All the services can be accessed when a director has DIN and other MCA Services
and filing of public documents can be done after having the DIN.
5. 4. Obtaining the certificate of Incorporation.
After filing every document, which is thoroughly checked by the experts at CFO, we examine
each document to have a hassle-free procedure. The registrar of companies will examine the
application and will issue a certificate of Incorporation.
Documents that are required for company registration:
1. Photo Id and Proof of Residence.
All the necessary documents that are a Photo ID, residency proof, latest Telephone
Bills, Electricity Bills, Aadhar Card. It should be in the name of the directors of the
company. An additional thing that one needs to note is, if it's a foreign director, then the
Passport of that Embassy must be attached.
2. Utilities(Active)Proof.
To know ,whether the company is active in use, then utility bills such as telephone bill
The electricity bill must be registered in the name of the company. It is always advised
that the latest Bill must be submitted.
3. Agreement of Rent and NOC from the owner.
The premises on which the company has to be set up will have a rent agreement that has all the
information in a true sense along with a NOC from the owner that will help to abide by all the
rules legally and complete the registration process.
6. 4. PAN Card of every director
It is essential to submit the PAN Card of every director,as guided by income tax, which is
also
mandatory document for the company registration process.
Let us examine the penalties if one fails to obtain registration or does not obtain registration
through legal means.
We at Starters’ CFO assure that the registration is legally compliant and the person is saved from
bearing heavy penalties and following a smooth procedure of the company registration process.
Section 4 - Furnishing incorrect information while applying for the company name.
Defaulter- The person who violated this rule.
Civil Liability - Maximum of Rs 1 Lakhs.
Section 7 - Furnishing incorrect information or hiding important facts during registration.
Defaulter- The person who violated this rule.
Civil Liability- Minimum of the amount that is fraudulent to a Maximum of 3 times
of amount about fraud.
Criminal Liability -Min -6 Months and Maximum 10 years
* Note that in case of criminal liability if public interests are affected then minimum
tenure shall be 3 years.
Thus ensure your faith in us and we legally approach the Registration process and save our clients
from bearing such penalties.