Company registration
Company Registration is a process that gives your business a legal existence. Consult with us and we will try to make the process as short and easy for you.
Types Of Company Registration
Given are the few common types of company registrations
Pvt. Ltd. Registration
For most businesses, Pvt. Ltd. company registration is the most favoured form of "legal entity' in India. A company must have 2 shareholders and 2 directors to register as a private limited company, and can have anywhere between 2 to 50 members.
OPC Registration
The Companies Act, 2013 provides for One Person Company Registration. It allows for a single person to register a company with only a director and a nominee.
LLP Registration
(Limited Liability Partnership) : To incorporate an LLP, a minimum of 2 partners are required with no upper limit on the maximum number of people. In India LLP is a new type of company.
Call To Discuss
Our specialist will get in touch and will begin preparing the documents.
Get Registered
Finally, get your company registration.
Document Requirement For Registration
- Minimum 2 Shareholders
- Minimum 2 Directors
- The directors and shareholders can be same person
- One of the Directors must be Indian Resident
- Minimum Authorised Share Capital 100,000 (INR One Lac)
- DIN (Director Identification Number) for all Directors
- DSC (Digital Signature Certificate) for 2 Promoters & 1 witness
BENEFITS OF COMPANY REGISTRATION
Following are the benefits of registering a company
Limited Liability Protection to Directors personal assets
Under financial distress, the personal assets of shareholders/directors cannot be used to pay the debts.
Better image and credibility in Market
Company registration will help depict a professional identity for your company and will help investors, vendors and customers gather information about your company(authenticity) from a public database thus proving it credible..
Easy to raise funds and loans
Apart from Public Limited Companies, Private Limited Companies are they only ones who can easily raise funds through venture capitalists, bank loans or Angel Investors.
Favorite Business structure for Investors
Private Limited is a simple structure with fewer complications. Shares can be transferred from person to person, provision for FDI (Foreign Direct Investment) and easy exit plans.
Easy to attract Employees
Only a private limited company can offer its employees stock options or ESOP (Employee Stock Ownership Plans). Many look for benefits and things more than just a high salary.
Easy Trade
Owners can sell the entire business with very little documentation and cost as compared to LLPs.
What All You Get
- DIN for 2 Directors
- Digital Signature Token for 2 Promoters & 1 witness
- Company Name Approval
- MOA + AOA
- PF + ESIC + Professional Tax Registration
- Customized Incorporation Master File
- Company PAN Card
- Company TAN/TDS Number
Simplify Your Documents
To getting Easy Registration.
We value the importance of establishing a trusting connection with our clients, which we achieve by offering the best services as promised. At LegaSource, we make sure that your compliance certification goes smoothly so that your time and money aren’t invested in the wrong course.
Frequently Asked Questions
We better understand what most of the people asked generally in Company Registration.
What documents are required to set up a Pvt. Ltd. company in India?
Documentations that you will require to register a Private Limited Company in India include address proof, ID proof, PAN card, residence proof DIN, DSC and photograph.
Do I have to have office (commercial) space to start a Company?
A residential addresscan be used as the registered address of the company. Changes can later be made by notifying the ROC office.
Who is Registrar of Companies (ROC)?
Under the Ministry of Corporate Affairs, ROC is a government office that deals with the administration of the companies. All States in India have an ROC.
Do I have to physically visit ROC office while setting up company?
No, we will provide all the services required for company registration online to you.
Is Private Limited Incorporation to be renewed every year?
Post incorporation companies do not have to renew their registrations every year. Once a company has been formed, the validity remains until the official closing by the owners.
What is a DIN?
A unique identification number i.e., DIN (Director Identification Number) is required to become directors in a company. All directors, new or aiming to become, need to acquire a DIN number.
What is a DSC?
A DSC is a Digital Signature Certificate is an electronic signature in the form of codes and can be used to prove ones identity, sign documents digitally and have access to information on the internet.
What is Company name search? Why it is important for new company registration?
The name by which your company will be known is often the first impression the company has on investors, business owners and customers. A company name should be unique, provide a distinguished identity for the company and be memorable in the minds of people.
What is MOA & AOA of company?
MOA (Memorandum of Association) is a legal document containing fundamental matters drawn up during the establishment and registration of the company.
AOA(Articles of Association) is a document that defines the internal affairs of the company like rules and regulations, controlling power of shareholders etc.
Can we change office address of the company after Incorporation?
Yes you can change the office address of the company after incorporation. You will be required to convene a meeting for change of address, and then follow the process laid down by the State ROC.
What is capital of the Company?
Capital of a company is the investment by shareholders into the company. The capital structure of every company is divided into 2 broad categories:
- Authorized Share Capital: Highest amount of capital that can be issued to the shareholders by a company.
- Paid Share Capital: Amount of money already paid by the shareholders for the issuance of shares or stocks to them by the company.
Do we have to deposit Share Capital in a Bank at the time of Incorporation?
After a company is registered a bank account of the company must be opened and Share capital can be deposited anytime within 2 months of it.
Does my business have to have some level of turnover to start Private Limited?
There is no necessary requirement of turnover. Private limited companies can be started from scratch. However, there is a mandatory conversion of OPC to Pvt. Ltd. if the annual turnover is more than 3 crores.
Does PF, GST is automatically applicable to Private Limited?
GST (Goods and Services Tax): If your turnover exceeds 20 lakhs then your company is liable for GST.
PF (Provident Fund): According to the Provident Fund Act, it is mandatory to register if the number of employees in a company at any given time is 20 or more.