The process for Company incorporation in India has been prescribed by the Ministry of Corporate Affairs under the new Companies Act of 2013.
The creation of a company, which is an artificial entity, requires Online Company Registration with the Registrar of Companies. Before a request is made to the Registrar for its Company incorporation & registration, several requirements must be finished. Before a business can become a separate legal entity, a legal procedure must be finished. A Certificate of Incorporation is issued by the Registrar of Companies following verification that all required paperwork has been submitted. The company becomes an independent legal entity with the help of the Company Registration in India Certificate as per the Industry expert Mr. Sanket Agrawal helps in all types of Online Ca services and E-fillings. For many years he has established more than 1000 companies successfully all over the world in India, Dubai, and Hong Kong.
Simple steps to follow for Online Company Registration
There are a few steps to follow for Company incorporation in India:
Step 1: Company Name Reservation Under RUN or SPICE
Preserving the firm name is the first and most important step in Company Registration in India. Spice+ form and RUN are two ways to accomplish this. RUN, or Reserve Unique Name, is an online tool on the MCA website that allows applicants to check whether their proposed company name is already in use or not before submitting an application for the name they need.
Step 2: Obtaining a certificate for a digital signature
Getting a Digital Signature Certificate (DSC) for your private limited business is the next step after the MCA has approved and registered the company name. For a registered business, a DSC enables the designated signatory to validate its identification and digitally sign documents. The DSC is a necessary requirement for Online Company Registration.
Step 3: Requesting a DIN or Director Identification Number
The DIN is a registered company’s directors’ special identification number. The Company incorporation paperwork must wait until DIN is approved before filing them using Registrar Form No.-DIR-3.
Step 4: Writing MOA & AOA
Once the name has been authorized, the MOA & AOA, which include the company’s rules and bylaws that govern how the organization is run, must be created. The MCA receives both the MOA and the AOA along with the subscription statement for authentication and approval. The Memorandum of Association MOA must be in one of the forms listed in Tables A, B, C, D, and E of Schedule-I, as required by Section 4(6) of The Companies Act, 2013. The aim of the company, how its operations will be carried out, how its directors have been chosen, and many other details are spelled out in the Articles of Association AOA. These are important for Company Registration in India.
Step 5: Get an incorporation certificate
A review is conducted once the Registrar has received the necessary documents and payment in full. The Registrar will insert the company’s name in the Register of Companies and issue a Company incorporation Certificate if all of the required paperwork has been verified as being in order. The company was incorporated on the date shown on the certificate.
Note: After this process in Company Registration in India, you will get a Bank account open along with PAN & TAN in the company’s name.
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Q – How long does it take to register a business or company in India?
The MCA’s recent modifications have made it simple to register any type of company with the government. If you have all the necessary paperwork, it should only take you 10 to 15 days to formally Company Registration in India.
Q -Is the company registration process completely online in India?
Yes, the entire process of forming a company is done online. Only the MCA portal can be used to register a company or an LLP.
Q -Which Act in India controls the registration of companies?
Indian Companies Act, 1956 was abolished in favor of the Indian Companies Act, 2013. All public and unlisted firms in the nation are governed by the complete provisions of the 2013 Companies Act. On August 29, 2013, the President of India gave his assent to the Companies Act, 2013, which was passed by the Parliament.
Q -Where can I register my company?
The Ministry of Corporate Affairs must receive an application from anyone wishing to register a new company in India (MCA). You can submit your application remotely through the MCA site online. A DSC and a DIN, among other things, are required for registration.
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Chartered Accountant by profession, CA Sanket Agarwal has an experience of above11 years in Cross Border compliance , Import Export , International Taxation & is a passionate content creator.