Company Registration Online in India

Company registration online is the incorporation of a new company through the Ministry of corporate affairs (MCA). A company is a legal entity created under the law.

A new version of SPICe+ is introduced by the MCA. SPICe+ stands for Simplified Performa for incorporating the company electronically plus. The SPICe+ Company registration procedure provides integration of the following:

1. Allotment of Director Identification Number (DIN)

2. Name approval

3. Incorporation certificate

4. Permanent Account number (PAN)

5. Tax deduction account number (TAN)

6. Mandatory opening of Bank account

7. Mandatory issue of EPFO Registration

8. Mandatory issue of ESIC Registration

9. Allotment of GSTIN Registration

The MCA has introduced the new form under the ease of doing business initiative, which shall replace the existing SPICe form. The new form is known as the SPICe+ form which will be more beneficial and time-saving.

What are the steps of Company Registration Online in India?

The Company registration online benefits the start-ups and gives them an advantage over those who have not registered. The steps involved in online company registration in India are as follows:

A. Obtaining Digital Signature and Director Identification Number(DIN)

The first step for registration is to obtain DIN for the first directors in the Private limited company. It has to appoint at least two directors at the time of incorporation. The digital signatures of directors and subscribers to the memorandum of the company are necessary.

B. Name reservation of the company

A unique name of the company must be reserved with the RUN services under the company registration online service provided by MCA. The name should meet the qualifications guidelines issued by MCA.

C. SPICe+ Form-

The form is divided into two parts:

• Part- A: Name application:

The form gives the flexibility to apply for Part A & Part B together.

• Part- B: Procedure for incorporation:

Once Part A is approved, the details automatically get pre-filled in Part- B in all linked forms such as AGILE-PRO, SPICe+ MOA, SPICe+ AOA, and INC-9.

D. Mandatory Attachments

• Directors' and Subscribers' KYC documents such as Aadhar cards, PAN cards, Proof of address, passport size photo, etc.
• Director consent in form DIR-2
• Registered address proof such as rent agreement, and NOC.

E. Approval

Once the Company registration online is done through the SPICe forms, a Certificate of Incorporation is issued with PAN as allotted by the Income tax department.

Documents Required for Company Registration in India

Documents required for company Registration

• Memorandum of Association of the company
• Articles of Association of the company
• Declaration of an Affidavit by Directors and First Subscribers
• Proof Of Office Address
• Utility Bills Copy no more than 2 months old.
• Copy of approval for names that contain words/expressions that require authorization from the Central government.
• If a proposed title is based on a registered trademark, you must attach a trademark registration copy or trademark application copy.
• NOC is available from sole proprietors’ partners/associates/existing companies.
• Proof that subscribers are of their identity and have a residential address.
• Proof that the directors are a person of good standing and have a residential address.

Format of Company Registration Number

Company registration number India gives the status of the company with its relative attributes. It is also known as CIN which means Company Identification number. It is used for Company registration online which identifies the company in respect of its types, year of incorporation, state of registration, type of industry, and registration number. It is kind of a code for a company.

The format of the Company registration number is:

The Company registration number is 21 digits that comprise:

• 1st digit: The first digit symbolizes L or U for listed or unlisted companies.
• Next 5 digits: It specifies the industry to which the company belongs.
• Next 2 digits: The Next 2 digits depict the state of registration
• Next 4 digits: The Next 4 digits depict the year of incorporation
• Next 3 digits: The Next 3 digits are whether a company is a Public Limited or Private Limited company.
• Last 6 digits: The Last 6 digits are of the ROC number issued by ROC during registration.

How to Check Company Registration Status?

MCA allows you to check the status of company registration online on their website. You can easily check the status of all types of companies. For example Private limited company, Public limited company, LLP, One person company, etc. The process to check the status of Company Registration is as follows:

• Visit the MCA portal
• Select View Company/LLP from the menu under the MCA services option
• After entering the first three letters of the business name in the Company/LLP name field, click the search button
• Enter the CIN and name of the Company and the Captcha
• Click on submit button and details of Online Company Registration will appear.

How Can You Opt For Free Company Registration in India? 

The government has made it very easy to start a new business in India by introducing free company registration online for private limited companies. The three basic steps for free registration of a company are: -

1. Application for name approval

2. Registered office details

3. Submission of MOA and AOA for incorporation

Know About Private Limited Company Registration

The entire registration of private limited company process and other regulatory filings are paperless; documents are filed electronically through MCA and are processed at the Central Registration Centre (CRC).

The registration process for a Private limited company is completely online. After completing the registration process, the Registrar shall issue a digitally signed Certificate of Incorporation (COI). Electronic certificate issued by the MCA can be verified by all the stakeholders on the same website itself.

A private limited company limits the liability of its members; the number of members can range from two to two hundred. It restricts the right to transfer its shares to public.

It is important to register your preferred company structure. It offers certain benefits.

These are the steps for company registration.

Step 1 - Application for DSC.

Step 2 - Apply to Director Identification Number (DIN).

Step 3 - Name reservation on MCA by using RUN services.

Step 4 - Drafting of the Main objects of the company. (MOA and AOA)

Step 5 - Apply to the company's PAN and TAN.

Step 6 - Apply for Incorporation along with PAN or TAN.

Step 7 - ROC will issue a Certificate of Incorporation.

Step 8 - Open an account in a bank with the company name.

Give the advantages of Private Limited Company Registration in India

The company registration online gives numerous benefits as given below:

• Limited liability
• Better Business Credibility and Acceptance
• Easy to attract Customers and Vendors
• Protection of personal assets for owners
• Generation Of More Capital
• Decision-making power
• Brand Awareness
• Acting independently as a legal entity
• Easy exit

The private limited company can be incorporated with less amount of capital. It can find the funding as there is distinction between the shareholders and directors of the company. It enjoys privilege of borrowing more funds than LLPs as it has more options for taking on debt. Private companies have a scope of utilising the chances as the business grows over time.