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Company Registration Online in India, Process, Certificate, Fees
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You can register a company online through the Ministry of Corporate Affairs (MCA) portal by following the steps mentioned above and submitting the necessary documents.
To open a Private Limited Company, choose a unique name, obtain a DSC and DIN, and file the SPICe+ form along with the required documents.
The cost of registering a Private Limited Company in India ranges from Rs. 6,000 to Rs. 30,000, depending on the services and authorised capital involved.
Yes, you can register a Private Limited Company by yourself through the MCA portal if you follow the necessary steps carefully.
There is no minimum capital requirement for registering a Private Limited Company in India, but it is common to start with a capital of Rs. 1 Lakh.
Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.
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Company registration is mandatory in India when you are a new business owner and starting a new firm. There is a complete legal process that is being followed to register your company in India. It is essential for businesses looking to operate formally and access various legal, financial, and tax benefits. Read this blog to know about how to register a company in India in detail.
What is Company Registration?
Company registration in India is the process by which a business entity is officially recorded with the Ministry of Corporate Affairs (MCA). This legal recognition allows the company to operate as a separate entity from its owners and provides legal protection, ensuring that the business can engage in activities such as signing contracts, hiring employees, and more.
What Are the Benefits of Registering a Company?
Registering a company in India provides numerous advantages that help businesses grow and operate more smoothly. Here are some of the key benefits of company registration:-
1. Legal Recognition:
When a company is registered, it becomes a separate legal entity from its owners or shareholders. This means the company can hold assets, sign contracts, sue, and be sued in its name, ensuring that the business is recognised as legitimate under Indian law. Legal recognition helps establish credibility with customers, suppliers, and investors, making it easier to enter into formal contracts and partnerships.
2. Limited Liability:
Another key advantage of company registration, especially for Private Limited and LLPs, is the concept of limited liability. This ensures that the personal assets of shareholders or owners are protected from any company liabilities. In the case of a financial crisis or if the company faces legal issues, the personal property of shareholders, such as homes or savings, cannot be used to settle company debts. Only the assets owned by the company can be used to pay off liabilities.
3. Access to Loans and Investors:
Registered companies, especially Private Limited Companies and Public Limited Companies, are seen as more credible by Banks, financial institutions, and investors. A registered company has better access to funding sources like loans, credit lines, and equity financing. Investors are more likely to trust a legally recognised company as it ensures compliance with government regulations.
4. Tax Benefits:
Registered companies can take advantage of various tax benefits and exemptions under Indian tax laws. For example, startups registered as private limited companies may qualify for certain tax benefits under the Startup India scheme. These tax incentives help reduce the financial burden on the company, improving profitability and making reinvestment in the business easier.
5. Perpetual Succession:
A registered company continues to exist even if the owners or shareholders change or pass away. It ensures that the company can continue its operations smoothly, unaffected by changes in ownership, and offers long-term business continuity.
6. Brand Protection:
Once a company is registered, its name becomes protected by law, preventing others from using the same name. It gives the company exclusivity in terms of branding, which is essential for establishing a strong presence in the market.
Types of Companies That Can Be Registered in India
Here are the major types of companies in India:-
Step-by-Step Process for Company Registration Online
Online company registration in India involves several steps. Here is a step-by-step guide:-
Check the availability of your chosen name on the MCA portal. Make sure it isn’t already taken by another company.
A Digital Signature Certificate is required to submit forms electronically on the MCA portal. Obtain it from certified agencies.
The DIN is a mandatory identification number for company directors. You can apply for it online when filing the SPICe+ form.
SPICe+ (Simplified Proforma for Incorporating Company Electronically) is the form used to register your company. Submit details like company name, director information, and business activity.
These are legal documents that define the company's objectives (MoA) and the rules and regulations for its operations (AoA).
After submitting your name and other details, the Registrar of Companies will approve the company name.
Submit the required documents, including address proof, identity proof, and PAN card of the directors and registered office address.
Once the verification process is complete, the company will receive the company registration certificate, marking the official creation of your company.
What is a Certificate of Incorporation?
A company registration certificate is an official document issued by the Registrar of Companies. It confirms that your company is legally recognised and registered. Key details include:-
Important Documents Required for Company Registration
Common Mistakes to Avoid During Company Registration
Here are some common mistakes to avoid:-
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Conclusion
Registering your company in India is a critical step toward establishing a legal and reputable business. By following the proper steps and avoiding common mistakes, you can ensure a smooth company registration process. This legal recognition opens doors to a variety of benefits, including limited liability, access to investors, tax advantages, and enhanced business credibility.
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