Overview - How to Register a Company - Important Points
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Company is the most used business organization structure in India. Most of the organized business run as a company form of business organization. The Companies Act,2013 and rules and regulations formed under the companies act provide frameworks for companies.
The Companies Act,2013 provides basically two types of Companies i.e Private Company and Public Company. The private company can be an OPC Company (One Person Company) other other private company.
PRIVATE LIMITED COMPANY
A 'Private Company' is a limited company registered with minimum of 2 members and 2 Directors. Maximum number of members in a Private Company not exceed 200.
NAME OF A COMPANY
The name of a company shall end with the words 'Private Limited' in case of Private Company and OPC Private Limited for OPC Company and Limited for Public Company. The name of a company comply with the Company Name Availability Guidelines under Companies Act 2013 and rules
HOW TO RESERVE COMPANY NAME?
A RUN (Reserve Unique Name) is simple and a web-based application for Company Name reservation. The approved name under RUN Process is valid for a period of 20 days. Maximum name can be applied in one application is two and maximum two resubmission allowed.
B. SPICe (Simplified Proforma for Incorporating Company Electronically) Company Registration Filing process is an integrated single point application for Name reservation, Allotment of DIN for Directors and Incorporation, allotment of Permanent Account Number (PAN) and Tax Collection and Deduction Number (TAN) to the New Company. Under SPICe application process, only ONE name can be submitted for approval.
WHAT IS SHARE CAPITAL
No minimum capital (Authorised or Paid up Capital) requirement for registering a company, but registration fee payable to government is based on the capital maintained in the memorandum of the company.
The First Shareholders must bring the subscribed capital to the Company with in 60 days of Company Incorporation and the Company must issue share certificates to the subscribers.
REGISTERED OFFICE ADDRESS
Registered Office refers to the official correspondence address of a company or its principal place of business. The address of the Registered Office will be used for all official communications of the company.
COMMENCEMENT OF BUSINESS
Every company shall file with the registrar within 180 days from the date of registration, a declaration stating that they have brought the subscribed capital. After filing this declaration only a company can start business. If company failed to file this declaration, registrar will close the company
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How to Register a Company - Requirements
Steps - Company Registration
Promoters and Directors
Private company required 2 promoters and 2 directors (can be same person). Any person including a company can become a promoter. But only individuals can be appointed as director.
Name of the Company
Select suitable name for a company, which is unique and free from any trademark issue. Name can be verified from above form. The name of a private company end with Private Limited
Identity Registered Office of the company. A company can file temporary registered office address at the time of registration and after registration of company, within 30 days can file permanent address.
Prepare Forms and Documents
Using our tool, one can prepare documents for company registration like DIR 12 etc. All documents required for filing with incorporation shall be arranged.
Apply for digital signature by all subscribers and directors of the company.Minimum class 2 DSC is required for registering a company.
Filing and Incorporation
Once all documents are arranged and DSC is obtained, next stage is filing for registration with central registrar of Companies. Usually, in one week company will get incorporated.
ID&Address - Promoters and Directors
To get Company registered, you need to provide below documents. The documents can be submitted through online
List of Documents
- Permanent Account Number (PAN)
- Aadhaar Card or
- Driving License or
- Latest Address Proof: Telephone Bill or
- Voter Identity Card
- Passport or
- Electricity Bill or
- Bank Statement or
- Bank Passbook with latest entries
Documents to be Signed by all Promoters
- Application for Digital Signature Certificate (DSC)
- Declaration by Subscribers & Director: INC-9
Documents to be Signed by Directors
- Consent to Act as Director: Form DIR-2
- Details/Information for DIN
- Declaration of DIN (If DIN is allotted already)
Registered Office – Address
The Documents Required for Registered Office are as given below
- NOC Letter from the owner of the Property
- Address Proof