If you are you are registering your Company in India then there are some official methods a Company need to follow to register them in Indian official records. MCA(Ministry Of Corporate Affairs) has made a registration process that you can follow to run your business without any legal issues.
Under the Ministry of Corporate Affair, each Company is to be registered by the registrar of companies for the state.
Private Limited Company is the leading lawful entity in India. Private Limited organization registration is represented by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014. In India, each company must register themselves which is legally mandatory.
At least two directors and two shareholders are required to register a private limited Company. The Directors and the shareholder can be the same person and there is no minimum capital required.
Private Limited Company (PLC): A privately owned company is a stock enterprise whose stock is not traded on an open market but rather are held inside by a couple of people.
Public Limited Company (PLC): In a Public organization, the shares are made accessible to the general public. The shares are traded on the open market through a stock trade.
Registration of a Company in India is now a straightforward 4-step process. Here is the thing that you'll need to register your company:
This is the first step in registration is you should have a Digital Signature. A Digital Signature is a password to authenticate the user. According to the amendment act 2006, getting a DIN is compulsory for each director.
To get DIN you need to fill up an eForm DIN-1. The DIN-1 from is accessible on the Official site of the Ministry of Corporate Affairs.
A maximum of 6 Names can be provided for Company’s Name approval. For getting a name for your new Company, An application in Form-1A should be filled up with the Registrar of Companies (ROC) of the state in which the Registered Office.
To guarantee the security of documents sent electronically, the information act 2000 requests a digital signature on the documents. This is the most secure way that a person can present their documents electronically.
To fill an E-form for your new company registration, you should have a registered user account. You can apply as a New user registration. The user account will help you with different payments and transactions as a registered business user. The creation of the account is totally free and easy.
This is the last important step in a registration of your company which incorporates organization name, Registering the office address or notice of the arrangement of office and notice for an arrangement of company's executives, secretary, and managers.
From 1A: When you apply for the new company name, the MCA will propose four type of options for your company name, you need to pick one among them.
Frame 1: This is for application or declaration for incorporation of an company, in this form you need to fill a similar name which you have picked while the use of form 1A.
This is for notice of the condition of New Company office. For New Company, you need to fill the form with office address and submit the form.
For a New Company, this form is for the notice of the arrangement of new Directors, Managers, and Secretary.
When the application has been confirmed by MCA, you will get a confirmation email with respect to the application for incorporation of a New Company, and the form status will get changed to Approved.
Aadhaar Cards and PAN Cards of owner/ directors/ partners.
Electricity Bill/ Rent Agreement or Letter of Consent (NOC).
Letter of Authorization for signatory
Bank statement/ Cancelled Cheque
Partnership is a formal arrangement in which two or more parties cooperate to manage and operate a business.
The limited liability partnership act was introduced in 2008. According to this act, the partners who participate are liable for liabilities in proportion to their contribution to the business.
A private limited company is a type of privately held small business entity. This type of business entity limits owner liability to their shares, limits the number of shareholders to 50.