Everyone in India has a dream to start a business. To move forward with this dream, and turn it into a reality, everyone wants to start a company. Therefore, there exists company registration in India. Through the incorporation of a company, you can start your business in a legal way where you are not only provided an infrastructure of growth, but also assistance from the government.

Before we dive into company registration, let us understand the concept of a company. What is a company? A company refers to a business entity comprised of at least two directors, and members/shareholders. It is a legal business unit incorporated under the company’s registration online rules established under the Company’s act, 2013.

Simply put, Company registration is a process to acquire a company registration number in India through which the business gets a legal infrastructure through which you can do business.

So, how to register a company in India? The process, even though simple, requires the assistance of company registration service providers. Thankfully, you are with Compliancekart. We can provide you with end-to-end assistance- guiding you with every step you need to take for registering a company in India.

However, there are many factors that you have to take into account before the name of your company lands inside the company register.

•  The companies act has introduced a new concept called the class action suits for shareholders with the view of making the shareholders understand and provide them with enough knowledge on their rights.
•  The Act gives more powers to shareholders regarding the approval of certain transactions.
•  The Act stipulates the appointment of at least one woman director on the board.
•  The Act demands a certain class of companies to set aside a certain amount of money for activities that promote corporate social responsibility.
•  The companies act has proposed a simple procedure for mergers and amalgamations of a certain class of companies after getting approval from the government
•  The Act has increased the number of shareholders in a Private limited Company from 50 to 200.
•  The Act provides for the entrenchment of articles of association.
•  It is mandatory for every company to have at least one director who has stayed in India for not less than 182 days in the previous calendar year.
•  The Act allows the rotation of auditors and audit firms in case of publicly traded companies.

There are six types of companies, each of them taking a different approach to the company registration process in India.

• Private Limited Company
• Public Limited Company
• One Person Company
• Producer Company
• Nidhi Company
• Section 8 Company

Features common to every type of company

• Separate Legal Entity:  A company is a separate legal entity from that of its directors. the company registration number that a company gets after the completion of a new company registration process, acts as a metaphorical birth certificate of the company – making a company an individual as far as the rules are concerned.
• Limited Liability: The members/shareholders and directors of a company are only liable to its losses to the extent of their share subscriptions.
• Incorporated business entity: A company is an incorporated business entity – governed under the Companies Act, 2013 by the Ministry of Corporate Affairs.
• Transferable Shares: The shares of a registered company are transferable among the members of that company.
• Perpetual existence: Since the existence of the company isn’t bound with the existence of the directors, a company continues to exist even after the death of the director.
• Common Seal: After registration of a company online (or offline), the directors of the company must put a common seal on every document related to company transactions.

When you Register Your New Company with Compliancekart, you can be rest assured knowing that our reliable experts will assist you all through the firm registration process.

We first try and understand the kind of business structure you need. Considering the number of members, nature of business and investment structure, we’ll suggest the right type of firm registration that will best suit your business needs.

Our dedicated staff is capable of handling the entire firm registration online. With the right expertise and knowledge, we promise to render nothing but the best services.

To register a company online, get in touch with us today

Get a FREE consultation and sound advice on firm registration.

To legally run the business operations, we need to take the first step of getting a company registered. An Incorporation Certificate is an authentic proof and also adds on certain benefits to you as an owner and your business:

•  Your company will be registered under the Ministry of Corporate Affairs (MCA)
•  Gives your company a separate entity
•  The company would be created as a legal entity
•  A company registration gives your company an individual recognition in the market
•  It is easier to Raise Funds and loans for your business
•  Company registration requires you to follow structured maintenance of your business’s accounts which in turn gives you tax benefits.
•  Establishing Business Bank accounts
•  Helps in Building a good reputation with Customers
•  Increases your Brand Value
•  It is Immortal
•  Helps in getting the Investment for your Business
•  Helps in protecting your Brand
•  It helps you secure your Assets

•  Latest passport size photo.
•  Copy of Pan card of Directors
•  Copy of Aadhaar Card
•  Copy of Voter Identity card/ driving licence/passport of the directors
•  In case of NRI or foreign national, passport copy has to be notarized at the Indian Embassy of the particular country.
•  Notarized utility bill of the particular country where the NRI or foreign national resides.
•  Latest bank statement of not less than two months old.

•  Registered office proof of the company stating if the property is rented/ leased.
•  Copy of the rental agreement or lease agreement.
•  Copy of electricity/water bill (business place).
•  In case of own property, copy of sale deed and electricity bill is sufficient
•  Copy of no objection certificate from the owner of the property

Read through the procedure for incorporation of a company.