Open a company in India is a great way to expand your business

Private Limited Company-registration is the best choice for start-up and large companies in India, as its investors preferred to prefer this type as the most preferred type of Company Registration

HOW TO START THE COMPANY REGISTRATION PROCESS ?

Types of Company Registration

• Proprietorship
• One Person Company Registration
• Traditional Partnership
• LLP (Limited Liability Partnership)
• Private Limited company-registration

Proprietorship: –

An entity run by a single person and generally employed in traditional businesses. It’s more of a one-man-show which is not scalable beyond a certain point. Additionally, there is no statute or law which governs its registration and functioning it can be started by traditionally registering under GST (GST Registration) or registration under Shop and Establishment Act

One Person Company Registration: –

A company run by a single person who is also the shareholder and the director. However, it is always better to register as a Private Limited Company as more or less, both have the same taxation and compliance requirements, and a Pvt. Ltd. is not dependent only on one person for its existence.

Traditional Partnership: –

Has at least two people as partners. Businesses now prefer registering themselves as LLP’s. We DO NOT suggest registering as a Traditional Partnership Firm as it has Unlimited Liability and takes around a year to obtain the Incorporation Certificate.

LLP Registration: –

Like a Traditional Partnership Firm but with limited liability. It blends the benefits of a traditional firm (less regulations, more control), and of a corporate entity (limited liability of the partners).

Private Limited Company-Registration: –

Formed by at least two shareholders. As compared to an LLP, it has Equity shares instead of a Profit sharing ratio. However, it is a very compliance-heavy form of an entity. ‘Private’ denotes that it cannot invite the Public to purchase its Shares and ‘Limited’ denotes that the Liability of the Shareholders and Directors is Limited.

Setting up a Private limited company in India requires a approval from Registrar of Companies ( RoC ) under the juristriction Ministry of Corporate Affairs. We will help you with all paperwork, identify a local partner for you and kickstart your business within 7 days.

Available services by Virtual Auditor:

• Company Registration Support
• GST registration
• E-Commerce company formation
• Labour Law Compliance
• Professional Assistance in Company Registration
• Dedicated CA Support
• Branch office of a Foreign company
• Auditing firm Support

Company Registration Steps

Step 1: Obtaining Compan Name in E Form RUN

The First step is to to apply for the company name pay Rs 1000 as Government Fees

• The promoters should propose one or more suitable name for the name of company as it offers the flexibility and choice to registrar to select the name in case some names are identical or similar to registered business entities or trademark

1. The name should not be similar or identical to any registered company or trademark.
2. The name should not be one prohibited under the ‘Emblems and names Act, 1950’.
3. The name of company must have suffix “Private limited Company “.

After submission of name, registrar will review and approve one of the name .It usually takes 3 to 5 working days to approve the name for company .

Step 2: Applying for DSC

1. Obtaining Digital Signature for one of the Directors of Company.

Step 3: Filing for Incorporation of Private Limited Company

After the name approval, promoters should submit the application, prescribed fees and below said following documents to the registrar.

1. Articles of Association,
2. Memorandum of Association
3. Declaration from Directors
4. Affidavits of the Directors

A declaration stating that the requirements of the Act and the rules framed there under have been compiled with. This declaration is required to be signed by an advocate of the or Supreme Court or an attorney or a pleader having the right to appear before or a High Court or a Chartered Accountant in whole time practice in India who is engaged in the formation of a company, or by a person named in the Articles as a Director, Manager or Secretary of the Company.

Besides the aforementioned documents, the company must provide relevant information regarding of its registered office within 15 days of registration or during filing of incorporation documents.

Step 4: Subscribing to the Private Limited Company

As per the Companies Act 2013, a subscriber must sign their names and must be subscribed to the shares of the company incorporated. It means each subscriber must have at least one share of the company. Each subscriber should sign the memorandum in presence of at least one witness and must clearly state the following:

1. Address
2. Personal Description
3. Occupation
4. No of shares subscribed
5. Nature of shares etc.

Likewise both (Article and Memorandum of association) must be duly signed and stamped.

Step 5: Certificate of Incorporation

After filing the above-mentioned documents and payment of necessary fees, the certificate for Certificate of Incorporation would be issued by the Registrar of Companies. Upon Incorporation, the company becomes a legal person separate from its members.

Post Company Registration Services

One the Company Registration Process is completed and you have started your Private Limited Post (Company Registration) see in the following other registration that you might needOur services:

Company Registration) see in the following other registration that you might needOur services:

• GST Registration
• Shop & Establishment Act Registration
• Professional Tax registration
• Provident Fund Registration & ESI (PF Registration)
• Import/Export Code License
• Start-up Fund Raising Compliance
• FEMA / RBI Compliance
• Monthly Accounting Services

Company Registration Documents Required for Director/ Share Holders (Indian Citizens)

Documents required for Company Registration

1. PAN Card Copy
2. Copy ID proof (Any one )
   1. Aadhar Copy
   2. Passport Copy
   3. Driving License

.   3. Proof of Residence (Current Address Proof ) Any one

1. Telephone Bill
2. Gas Bill
3. Bank Statement
4. One Passport Size Photo

Company Registration Documents Required for Registered office Address

1. Rental Agreement
2. NoC  ( No Objection Certificate)From Owner
3. EB (Electricity Bill)/ Property Tax
4. In case of Own Property ( Property Tax is mandatory)

Company Registration Documents Required in Case of Foreign Nationals

1. Copy of Passport (Translated into English if the document is in Local Languages)
2. Copy of Present Address(Translated into English if the document is in Local Languages)
   1. Telephone Bill
   2. Bank Statement

Choosing Company Name for Company Registration

Before commencing the process of Company Registration, please ensure that you check the Company name in the following link and consult your experts Mycompanyformatuon (Virtual Auditor)

http://www.mca.gov.in/mcafoportal/showCheckCompanyName.do

Check also in trademark registry in the following link http://ipindiaonline.gov.in/tmrpublicsearch/frmmain.aspx

For Complete guide on how to choose the company name check click here

FAQ ON COMPANY REGISTRATION

Does Virtual Auditor Provide Company Registration services?

Yes. MCF does provide Company Registration services , you can contact Bangalore Team @ +91 951 39 39 333 / 951 951 39 29 333 / 080 61935527 or Our Chennai HO team @ +91 996 22 30 333/+91 996 22 60 333/ 044 48560333

What are the charges for Company Registration ?

Company Registration would cost starting from  Rs 9,999* ( As the Stamp Duty is Higher in some states) 

Does the Director/Person Registeting need to be present during the Company Registration process?

Company registration is completely an online process. No need to present physically to our office or Registrar of Companies. Send the Scanned Documents and the process can be started

Can Company Registration be done by using Residetial address as the Registered office address?

Yes, You can use the residential premises for Company registration.

What is a Digital Signature (Digital Signature)?

DSC Refers to Digital Signature, which is a digital identity to verify the person signing the Documents , which is issued by Sify/ Emudra and other service providers

What is DIN Number?

DIN Refers to Director Identification number issued under the Companies Act 2013 ,It needs to renewed every year by filing DIR 3 KYC.

What is Minimum Investment required to start the company registration process?

For Private Limited Company-Registration in India, there is no requirement of minimum Paid-up Share capital or contribution that is a company can be formed with a Minimum of 2 Rs as its capital

Is GST Registration Mandatory after Company Registration?

No , GST Registration depends on turnover that is 20 Lakhs for service, Its not mandatory to register under GST.

VIRTUAL AUDITOR SUPPORT IN COMPANY REGISTRATION

Virtual Auditor is one-stop business formation and corporate services the company managed by specialized team of Company Secretaries and Management Professionals committed to provide excellent prospects to our clients in the widest range of business requirement.

Our specialized team with extensive financial and corporate knowledge enables us to provide to the requirement and needs of our clients. Our service area are from Incorporating of companies, providing services relating to intellectual property rights, corporate and secretarial compliance, FEMA advisory through Online services.