Legal

Company Registration

Documents Required For Registration of A Company

For Indian Directors/Shareholders

How can I register a Pvt ltd company online?

  • FORM INC 9, along with a notarized affidavit stating that the company’s directors haven’t been convicted for any crimes leading to their disqualification.
  • PAN Card details of the subscribers and directors
  • Office Address Proof – Passport or Voter ID
  • Utility Bill Copies – (Bank Statements or Telephone Bills), which are no less than two months old (This step is mandatory for company incorporation)
  • Rental Agreement copies – if the business operates on rented property.
  • A NOC certificate issued by the property owner
  • EB Bill/EB Card of the premises or Telephone bills or Property Tax bills, which can provide legal proof of address for the company.

For Foreign Directors/Shareholders

  • INC-9 Form
  • The No-Pan Declaration, which is also counter-tested by Indian Embassy officials
  • Passport (Apostilled or notarized by the nation of residency) Counter and key attested by Indian Embassy officials
  • Address Proof: Identification issued by the government with an address such as a residence card or a driver’s license.
  • Utility Bill Copy: Proof of address Driving license, residence card, Government-issued identification that has an address

COMPANY REGISTRATION A OVERVIEW

( OVERVIEW FOR PRIVATE LIMITED COMPANY REGISTRATION)

You’ve made the first step into the corporate world when you registered your company as a private limited company registration and registered your business as a private limited company. It’s a reliable structure that limits your obligation to the value you have put into it. However, these advantages aren’t offered to sole proprietors liable for unlimited amounts. It is also a popular choice by new businesses since they can allocate shares with angel investors and venture capitalists quickly and easily through this arrangement. Companies Act 2013 contains the requirements for Private limited companies registration, which includes the registration process and management of the business. It is the Ministry of Corporate Affairs also makes sure that companies adhere to the requirements that are contained in the Act. It operates an official portal mca.gov.in which can be used to fill in all Online Company Registration formalities.

DETAILS OF COMPANY REGISTRATION AND ITS PROCEDURES

It is the Directors’ DSC, and DIN (Director Identification Number) is an exclusive eight-digit code that Central Government officials assign. Once a DIN is set and is in effect for the duration of the director’s life until it is deactivated, surrendered, or canceled. These are the required documents to register a company:

  • Passport-sized photographs of the applicants
  • Self-attested address proofs of the applicants
  • Self-attested PAN Card details of the applicants
  • DSC or Digital Signature Certificate – Any firm or organization can apply for digital signature certificates for transactions involving the MCA. If you’ve already been issued a DSC, you can continue using the same without requesting another one. Agencies issue digital signature certificates with a validity of 1-2 years, after which. DSC is compulsory to register a company.
  • AOA – Articles of Association or AoA are documents that outline the business’s activities and the company’s purpose. It contains the laws that govern the company and specific procedures for certain things like the management of financial records and the company’s directors’ appointment.
  • MOA is the Memorandum of Association that is mandatory to register a business. It determines the power of the company and the legal structure of the company. It is the basis of the business.
  • PAN, TAN, and all businesses must provide their PAN and TAN information by submitting Form 49B and Form 49A, respectively. The forms will be generated automatically from the system after the SPICE form is completed.
  • A certificate of Incorporation is a document that relates to the business’s creation. The State Government issues the Certificate of Incorporation, which allows the formation of a corporation, non-governmental organization, or entity. It is also a type of legal documentation proof of the company’s legality.

GST Registration after company registration

A company or industry must pay GST if it is 1. The annual turnover of sales exceeds 20 lakhs. 2. They are selling outside of the state. Even when the sales are lower than R. 20 lakhs, we recommend that you use GST registration for the following reasons: You cannot sell outside your state. You are not eligible for tax refunds for purchases.

AREAS FOR REGISTRATION FOR A COMPANY as a PRIVATE LIMITED

There is no need to blow funds to establish your business. The government permits registration for companies with ZERO costs, which means it is possible to register your company for free. DSC, TAN, PAN, and all other fees and duties related to company establishment are less than the fees previously imposed under previous regulations. Startups can benefit from this benefit.

  1. Compliance with Companies Act Is a Hassle-free affair – Once company registration procedures are completed, compliance with the other systems that go with it is easy.
  2. You’ll be able to focus better on Your Business. To be successful, you must have the ability to be focused on the problems confronting your business. You can enlist the services of professionals like Virtual Auditor to address all compliance-related issues and save yourself many headaches.
  3. Cost of Closure: Indian laws make it easy to establish your company. However, following any government regulation will take up precious time. If you’ve been in business for some time and want an easy solution, you should contact us to help you solve your issues.
  4. Fundraising becomes easier – All fund houses and angel investor wants an appropriate corporate structure that protects their investment. They prefer to invest in private limited firms. Swiggy, OLA, and Flipkart are a few companies that have made it big but are also small private firms. The registration process can open up many possibilities.

ASSESSMENT OF COMPANY REGISTRATION DATES and its PROCESSES

  • DSC & DIN of the directors (Directors Identification Number) is a unique 8-digit number from the central government office. The documents needed for the application for DIN are as follows: according to the company’s registration.
    • A passport-sized photograph of the person applying
    • Self-attested PAN card of the person applying
  • DSC (Digital Signature Certificate) Any company or business may apply for a digital signature certificate for any MCA transaction. If you already have an existing digital signature, you can apply for the same one; there is no need to use it for a different one. The agencies issue DSCs with one or two years of validity; at the expiration time, you must renew it. 
  • ARA
  • They also outline the procedure for naming directors as well as the management of financial documents.
  • MOA (Memorandum Of Association)
  •  It specifies the company’s constitution and the powers of the business. 
  • PAN & TAN In the corporate registration process, a mandatory form is required for PAN and TAN. Utilizing form 49A, you can submit documents for both PAN and 49B to register TAN. The system will generate these forms upon submission of the SPICe form.
  • Certificate of Incorporation
  • A (COI) is an official document relating to establishing a business or corporation. It’s a certificate to create a corporation, granted by the state government, in some states, or by a non-governmental corporation. 
  • GST registration after company registration
  •  It incorporates all taxes, including taxes on sales, service tax, duty on goods and services, etc. 
  • 1. The company’s annual turnover of sales exceeds 20 lakhs.
  • 2. They are selling outside of the state.
  • Even if your sales aren’t more than the amount of Rs. 20 lakhs, we suggest you choose to go for GST registration for the following reasons: You can’t sell outside your state.
  • You won’t receive any tax refunds for purchases.

 

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