How Register Company in India – Online Registration

How register company in India is a very transparent and easy process, as it is completely online. It is important to choose your business structure as per your business requirement. The most important company structures in India. are given below: -

1. Private Limited Company Registration

2. Public Limited Company Registration

3. One-Person Company Registration

4. Partnership Firm Registration

5. Limited Liability Registration

6. Sole Proprietorship Registration

Choosing the right structure for a company is a very crucial part of company registration. While choosing the right structure, you need to examine various aspects such as liability, capital, control, number of members, and compliance.

The most preferred business structure is of a Private Limited Company.

How Register Company in India Online? 

A company having a separate legal entity that is different from its shareholders. Once the company structure is finalized, you can now proceed toward the company registration. These are the steps to register a company as follows: 

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 - Apply for Incorporation in e-Form SPICe+ 

Step 4 - Drafting of the e-MOA (INC-33) and e-AOA (INC-34)

Step 5 - PAN and TAN application.

Step 6 - Open an account in a bank with the company name.

Step 7 - ROC will issue a Certificate of Incorporation.

Online Company Registration in India

How register company in India; Ministry of corporate affairs (MCA) is an online platform for the incorporation of a new company. A company is defined as legal entity created under the law. A new version of SPICe+ (INC-32) is introduced by the MCA. SPICe+ stands for Simplified Performa for incorporating the company electronically plus. The professional must certify that all the information given in this form is correct. The professional includes a Chartered Accountant, Company Secretary, Cost accountant, or Advocate.

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.

How register company in India with respect to types of companies. Let’s understand the Registration of Private Companies and One Person Companies in India.

Private Limited Company Registration in India

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 process of registration 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 certificates 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 the public.

One Person Company Registration

How register company in India; In accordance with the Companies Act, 2013 the “One person company” means a company that has only one person as a member. OPC can be formed with company registration online also.

Formation of OPC under company law 

It is formed only by a natural person who is a citizen and resident of India -

• Eligible to incorporate a One-person company
• Eligible to be a nominee for the sole member of a One-person company

The term ‘resident of India’ states that a person who has stayed in India for a period not less than 182 days immediately preceding one calendar year.

Free Company Registration in India

The government has made it very easy to start a new business in India by introducing free company registration for a private limited company, a Public limited company, One Person Company (OPC) up to an authorized capital of Rs. 10 lakhs. 

How register company in India for free?

 The three basic steps for free registration of a company are: -

1. There will be a separate procedure to apply for a company name

2. Company name approval without using digital signatures

3. DIN will not be required to file for Company name approval

3. DIN will not be required to file for e-Form SPICe+

What is the Company Registration Process?

The Company registration gives an advantage over those who have not registered yet. The steps involved in company registration 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. Now let’s know more about how register company in India with the next step; 

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. 

C. e-Form SPICe+ - This is the new version of the company registration online 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. How register company in India; the 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 is done through the SPICe forms, a Certificate of Incorporation is issued with PAN as allotted by the Income tax department.

Incorporation of a private limited company what are its benefits?

The advantages of registering a company in India are given below:

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

How register company in India; the private limited company can be incorporated with less amount of capital. It can find funding as there is a distinction between the shareholders and directors of the company. It enjoys the 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.

How to Register a Startup Company in India?

A startup is a newly introduced business, started by one or many individuals. Startups usually offers a new products and services that is not being given elsewhere in the same manner. Startups are becoming very popular in India. The key objective is ‘innovation’. How register company in India; the following steps are given below to register your startup with Startup India: 

Step 1: Incorporate your business

Step 2: Register with Startup India

Step 3: Get DPIIT recognition (Department for Promotion of Industry and Internal Trade)

Step 4: Recognition application

Step 5: Documents for registration

Step 6: Recognition number

Step 7: Other areas like Patent/trademark registration, Funding, Self-certification under employment and labor laws, and Tax exemption.