We urge you to review the following checklists before continuing with the registration process:
- Minimum 2 Directors/Person
A minimum of two individuals must serve as shareholders or directors of the firm in order for it to be registered as a private limited company in India. A company may have up to 15 directors. The obligation to produce a passport and other documents is required if the shareholders are foreign nationals.
The company should have an original name that is distinct from any other businesses already in existence. Additionally, you should check the trademark registry to make sure that the name is distinct from any other registered or pending trademarks in India. Any provisions of any Indian intellectual property legislation that are in effect shall not be violated by the company name. The name must not violate either India’s Trade Marks Law or the Copyrights Act.
There is no minimum capital requirement for a corporation; investments must be made in accordance with business needs. But even the government fee is included when calculating capital. Under this, minimum capitalization requirements are taken into account.
There is no requirement for a business area at the registered office. Even a rental home can become a registered office, but NOC from the landlord should be obtained.
Start-up businesses might gain a number of advantages over unregistered businesses by registering their business. Some people may find the process of registering a corporation to be challenging due to the numerous compliances involved.
- Filling a DSC application (Digital Signature Certification)
Applying for a Digital Signature Certificate is the first step in creating an application for company registration (DSC). An official document used to verify information is a digital signature certificate. Typically, electronic documents are signed using a digital signature certificate. Consequently, take sure to apply for the DSC with the Ministry of Corporate Affairs when forming a firm (MCA).
- Request for a DIN ( Director Identification Number)
It is essential to apply for the director identity number, or DIN, after submitting your DSC application. When a corporation hires a director, DIN would be proof that all compliance requirements have been satisfied. The director identification number for the company must be requested by the applicant for company registration.
- Name of the Company’s Availability
The next step is to confirm the business name. Under corporation registration, this procedure is required. When you check the firm name, the portal will let you know whether the name has already been chosen and if it violates any Indian intellectual property law rules. On the MCA portal, it is possible to check whether the company’s name is available.
- Online submission of the articles of association and the memorandum of association
The articles of association and memorandum of association must be submitted online by the applicant for business formation. Legal certainty on the company’s formation would be provided by filing these documents. The Ministry of Corporate Affairs Portal must be used for this procedure.
- Declaration of Incorporation
After the aforementioned procedure is complete, the MCA and ROC will assess the application; if there are no problems, the applicant will be given a certificate of incorporation. The company’s legal standing is established by the certificate of incorporation, which is a legal document.
The registration process necessitates the submission of a few key papers. These are what they are:
- Copy of PAN Card or Passport of directors (Foreign Nationals &NRIs)
- 2 Passport size photographs of directors of the company
- ID proof such as Aadhaar Card or Voter identity card of directors
- Copy of address proof rent agreement or property papers
- Electricity or Water bill of company place
- Landlord NOC in case of rented office
- In the case of personal property, a copy of sale deed or property deed
- For foreign nationals, a notarized copy of the passport must be submitted mandatorily. Only valid documents need to be submitted. The residence proof documents like a bank statement or electricity bill must be less than two months old.
- Registered Office Proof
Note: A registered office is a requirement for company registration in India. A current copy of the electricity bill, the property tax receipt, or the water bill must be submitted in order to demonstrate the functionality of the registered office. Along with the lease, a utility bill, a sales contract, and a letter from the landlord granting permission to use the specific address as the registered office.
- SPICEe+ Form Needs Mandatory Registration of EPFO & ESIC; Company Registration Mar 9, 2020. All registered organisations must register for EPFO and ESIC after the launch of the SPICe+ (e-form) for company establishment; none will be provided individually by the various agencies.
- Mar 06, 2020- A new MCA portal must be used for company registration.The new MCA portal will be used to register public, private, and one-person businesses with the EPFO and ESIC. By merging ten services from multiple departments into a new web form called SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus), it streamlines the registration procedure.