Overview of Online Registration – India

Overview of Online Registration – India

In a dynamic market, Private Limited Companies bring a vast array of opportunities in the Indian market. Be your boss, and find your establishment. The shareholders get limited liability where specific restrictions are imposed on the ownership. Private companies can begin with as little as two members and as high as 200 members. There is no need for an independent director.

Registering your Private Limited Registration will get you funding as well as taxing benefits. KP is here to make your life easier and help your dream turn into reality. We are a specialised financial consultant who offers Quick registration service with three very easy-to-follow steps. Our goal is to simplify the Company registration process and share your load.

Complete Registration Process for Private Companies

Section 26(8) of the Company act identifies Private Company and define them. Private companies have a limited transferability of shares and public cannot subscribe to these companies. The section also recognizes that a Private company can have a minimum of two or a maximum of 200 members for their organisation. Here are a few ways with which our company will help you out with your Private Company:

1. Our website will help you get to register the directors directly under the Ministry of Corporate Affairs.
2. We will assist in finding the perfect name for your company.
3. Get your customized constitution of the company through MoA and AoA.

Following steps will help to establish your Company as a registered entity. The next part of our responsibility is to provide you with PAN and TAN. A current account from a bank of your choice will be provided, which will eventually help to consolidate the financials of the registered company.

Fill up a simple form, and our advisors will get in touch with you for the company registration process.

What Next?

After you have followed all the mentioned steps, A Certification of Incorporation COI with PAN and TAN will be received after the registration process is done successfully. The registered company will allow opening a current account along with Certification of Incorporation, and you are good to go with your business ventures.

Why should I register my Company in India?

When you register your company, it comes with lots of benefits. Notably, a registered company is identified as a genuine business that provides reliability and trust. Here are some advantages:

1. It protects from individual liability and minimises risk and losses
2. Clients will be able to trust the company and develop reliability.
3. Bank credit and investment will be more accessible when projected as a registered, profit-making entity.
4. Capital contribution will be easier to find, and the company will gain
5. The company assets will get security and protection liability.
6. A registered company has better potential to grow and expand.
7. A Zero balance current account from DBS bank can be obtained upon registration.

Must-have features to register as a Private Limited Company

The company Act 2003 in India mentions a few specific requirements for an entity to be registered as a private company in India. Here are the requirements:

1. Directors: A private limited company has to have a minimum of two directors. The most number of directors for a company can be 15. At least one of the directors has to be an Indian citizen.

2. Name: The business should come with a unique name, and it must not match with any brand or trademark companies across India.
3. Capital: There is no minimum capital that the company needs. But it must have authorized capital, which is a minimum sum of 1 lakh.
4. Registered Office: There is no requirement of owned commercial space. In the case of rented properties, the landlord has to come up with a NOC certification.

The Process to Register

Registration will open doors to substantial business opportunities. Besides, a registered company always has the edge over the others in comparison to the ones not registered. Here are the registration steps:

1. Apply for DSC or Digital Signature Certificate
2. Apply for DIN or Director Identification Number
3. Apply for Name registration
4. File EMoa and EAOA which will assist in the private limited company
5. Application for PAN and TAN for the organization.
6. Certificate issue for incorporation by ROC with PAN and TAN
7. Current bank account in the name of the company

Find the company before you register

Company is only possible to be recorded when its name is unique and is not used by any other company. In India, there is the MCA and Trademark database where a search on a probable title for the company can be researched. It can ensure that the company name is not registered with any legal entity.

The best way to begin the search is to plan four names at the reserve. It will be valid during the registration of the Private Limited Company. However, the Ministry of Corporate Affairs will provide the final seal approving the name which is available and can be taken under the regulation. In case you have failed to find a name which is very close to you, do not worry, it doesn’t need to be your brand name. Get access to ipindia.gov.in to register with your trademark for the brand name. If already trademark is registered a NOC is required from the owner of the mark.

What Documents do you need to register the company?

Registering a Private Company needs various paper works for proof and authentication. Proper identification proof, address proof will be required by the director and shareholder to become incorporated. Here is the list of documents which will help to register the company as Private Limited.

1. Identity Proof and Address

• Pan Card or Passport Scanned (Foreign Nationalities as well as NRIs)
• Voter Card/Passport/ Driver’s License in case of an Indian citizen residing in the country.
• Latest Bank statement/Telephone or mobile bill/ Electricity or Gas Bill scanned copy.
• Passport size photograph self-attested with specimen signature.

In case the individual is from abroad, a passport which is notarised or apostilled copy is mandatory to be submitted. Valid documents are expected to be provided during the registration process. The bank statement or electricity bill has to be less than two months old.

Proof of Registered office

The company must have a registered office in India. While registering the office, a recent electricity bill, property tax receipt or the water bill needs to be submitted. In the case of rented property, a rental agreement, statement of utility or sale deed and consent letter from Landlord.

• Latest bank statement/telephone or electricity bill scanned copy.
• Notarised rental agreement scanned copy.
• NOC of the owner and a scanned copy.
• Sale deed/property in English scanned copy.

How Can We Help?

Our process is entirely online and hence, stay at your comfort. We can complete the entire process of registration within two weeks.

Our registration package includes:

1. DIN and DSC for the directors
2. Draft preparation of MoA and AOA
3. Stamp duty and Registration expenses
4. Company Culture for Incorporation
5. PAN and TAN for company
6. Creating the Zero Balance Account for Business