8 Steps for Company Registration in Mumbai
Company registration in Mumbai is the first step for starting a business. The government has improved the incorporation process by introducing ‘Ease of Doing Business’. In India, Mumbai is the second most populated metropolitan city after Delhi. It is also famous for entertainment, finance and commercial businesses. The headquarters of RBI and SEBI both are situated in Mumbai. The Registrar of Companies of Maharashtra (ROC) is present in Mumbai and Pune. The registration process of the company is paperless and filed with the Ministry of Corporate Affairs (MCA) online portal. A Certificate of Incorporation is given by the registrar upon verification of all the submitted documents. The steps involved in the process to register a company in Mumbai are as follows: Step 1: Applying for Digital Signature Certificate (DSC) as well as Director Identification Number (DIN) for All the Directors of the Company An online application for DSC is made to the Certifying authority (CA) with copies of identity proof. It is mandatory to have a DSC of Class III. DIN is an 8-digit number that is applied on the MCA website. Step 2: Application for Name Approval with ROC The two names are proposed in an application against the application fee for name reservation. The proposed names for Company registration in Mumbai should be as per the name availability guidelines under the Companies Act, 2013. An example of the name of a private limited company is ABC Private Limited, For One person company is ABC (OPC) Private Limited, and For a Public Limited Company is ABC Limited. Step 3: Preparation of Company Incorporation Documents like Memorandum and Articles The memorandum of the company has all information about the objects and powers of the company. The articles have information about the management which is signed by the directors and shareholders of the company. Step 4: Apply for Mumbai Company Registration through the SPICe+ form, AGILE Pro, Form INC-33 SPICe MOA and INC-34 SPICe AOA. The Part-A of Company registration contains the following information: Part B contains the incorporation process. The forms for Company registration in Mumbai must have the information about the following points: The documents attached to the form are identity and address proof of the directors and members of the company. A declaration of the professional must be attached to the form. The form must be digitally signed by the directors and subscribers and a professional either Chartered Accountant/Company Secretary/Cost Accountant. Step 5: Issuance of Certificate of Incorporation for Company registration in Mumbai by the Registrar. After the verification of the forms and documents submitted is completed within the prescribed time. The certificate includes the name, address, Corporate Identification Number (CIN) and date of incorporation. Step 6: Application of Permanent Account Number (PAN) and Tax deduction collection Account Number (TAN) in SPICe+ form allotted by the Income Tax Department. It is applied at the same time of incorporation. Step 7: Opening of Bank Account of the Company. The documents required for opening a bank account are a certificate of Incorporation and a memorandum and articles of the company. A copy of the Resolution of the board of directors for Company registration in Mumbai, Power of Attorney granted to a director for transacting the business and a Copy of the Telephone bill. Step 8: The E-Form SPICe+ has GST registration, EPF registration, ESIC registration, and Professional tax registration. The requirements for registering a company are given as follows: The name should be chosen as per the nature of activities by the company. There are three factors for choosing a name: The company should check the name availability i.e., free from the cost of Company registration in Mumbai on the Ministry of Corporate Affairs (MCA). The names submitted in the application should not be identical to the already existing name of the company. While registration of company, one must need to decide the authorised and paid capital of the company that is needed for smooth operation of business. Now according to govt rules there is no minimum captial requirment but one must have some capital to meet the operating expenses The permanent address of the company’s office should be given in the form. The office of the company is the place where main affairs are performed and registers are kept. A minimum number of two and maximum of 200 members of a private limited company. The following are the requirements under the Companies Act, 2013: The documents which are submitted for registration are given below: 1. Documents for Directors and Shareholders The identity proof and address proof are: The following documents signed by the shareholders The following documents signed by the directors 2. Address of Registered Office of Company registration in Mumbai 3. INC-33: Memorandum of Association having objects of the Company for incorporation and the liability of members. 4. INC-34: Articles of Association having internal by-laws for operations and management of the Company. The following are benefits for Pvt Ltd company registration: A private limited company has more customers than another form of business like partnership or proprietorship. A private company has investors like angel investors and private equity investors. The private limited company can attract talented employees. It provides Employee Stock Option Plans (ESOP) The liability of the shareholders to personal assets for any risks. The shareholders and directors are not personally liable for business losses. The private limited company provides credibility to the business. The process of Company incorporation provides added advantages for the company. There is no registration fee payable for E-Form filling and stamp duty is applicable. At onlinexbrl.com you will get efficient solutions at reasonable prices for registration of a company in Mumbai. We have advanced business consultations for any issues related to the registration process. Read more about setup business in different cities in india along with list of documents required:- company registration in jaipur documents required for company registration in india company registration in kolkata Process for Online Company Registration in Mumbai
Requirements For Online Company Registration in India
1. Name of the Private Company
2. Captial requirement for the Private Company
3. Address of Registered Office
4. Details about Members and Directors
Documents Required for Company Registration in Mumbai
Benefits of Company Registration
Attracting Customers
Raising funds from Investors
Attracting Employees
Protection of Assets of the Shareholders of Company registration in Mumbai
Credibility and Acceptance
Conclusion
How much it costs for registering a company in Mumbai?
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