If you are looking to start a business in India, it is recommended to first look at what sort of business entity to register. Understanding the business category your company falls under is a crucial aspect you as a business should be aware of before going ahead with the process of company registration in India.
The different types of legal entities are:
Private limited company
Limited liability partnership
One person company
Partnership firm
Sole proprietorship
It is important that business owners and directors choose the most appropriate business structure as choosing the wrong one can greatly impact the finances of the individual and company. Let us now go into the details of how to register a company in India online and the documents required for company registration process.
How to register a company in India online
Company registration process in India has become easier than before. Here are just 4 things that you need to keep in mind about how to register a company in India.
1. Direct Identification Number (DIN) - This is an identification number of company's director and one of the most important documents that need to be submitted to the authorities.
2. Director Signature Certificate (DSC) - The stakeholders must have digital signatures on the various forms to be filled at Ministry of Corporate Affairs (MCA) portal.
3. Registration on MCA portal
The necessary documents must be submitted on the MCA portal to apply for company registration in India. For this, the company’s director must first register on MCA portal and gain access to different services in order to ensure that the process is carried out hassle free.
4. Certificate of Incorporation
Once the documents are submitted, the Registrar of Companies examines the application and if that is successful, they issue a Certificate of Incorporation for the company.
Documents required for company registration
If the applicants have all these documents handy, then the average time taken for concerned authorities to confirm company's registration is 10 to14 days.
ID proof documents of Directors and shareholders - Adhaar card, voter ID, PAN card
Address proof documents - Telephone bill/water bill/ electricity bill
Digital signature certificate of all Directors
Passport size photograph of Directors (3 each)
Director identification number (DIN) of all Directors
Bank account statement
Proof of address of the place of the business. It can be rental agreement, property registration certificate
In case of rented places, NOC from the owner is required
MoA and AoA
Kindly note: It is advised to submit the latest documents. The telephone and electricity bill should not be older than 2 months.
Best company registration consultants in India - RBG Consultants
If you do not have adequate knowledge about the company registration process online or document submission, company registration can become an overwhelming task. However, with the assistance of top consultants like RBG Consultants, you can do company registration online in a hassle-free manner. Right from paying the company registration fees, submitting the required documents to receiving the company registration certificate, they have got you covered. Contact the team today!
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