COMPANY REGISTRATION

INTRODUCTION:
Company registration means having legal status to start a business. Earlier company registration used to be hectic and time-consuming. However, after the growing age of the internet, online registration becomes easy and also reduces the paperwork.
TYPES OF COMPANIES YOU CAN REGISTER IN INDIA:
There are five main types of companies that you can register in India:
Sole proprietorship
One-person company
Partnership Company
Limited liability company
Private limited company
With a Solicitor Legal Firm by your side, company registration becomes a seamless experience. Our dedicated team simplifies every step, helping you launch your business with confidence and clarity.
BENEFITS OF COMPANY REGISTRATION:
LEGAL ENTITY
The separate entity to its director and the company members Private company limited registration gives separate legal recognition to the company within a particular jurisdiction.
There should be a separate legal entity for its director and the company members Private company within a particular jurisdiction.
TAX REDUCTION
There is no tax redemption in the case of a sole proprietor.
EASY FUNDING
The loan works as working capital for an organization, without which it is impossible to manage the company. As the company is registered, it will be easier to get a loan from the bank. Having a separate company bank account is an asset to the company, as it helps to maintain a professional and personal bank account efficiently.
VALUE IN THE MARKET
Registration of a company is important as it has no value in the market and it also creates a great image in the market.
CHECKLIST FOR REGISTERING A COMPANY:
Two Directors: There must be at least 2 directors and the maximum is 15. A minimum
of one of the company’s directors must be a resident of India.
Unique Name: The company’s name must be unique and must not match any other
existing companies or trademarks in India.
Minimum Capital Contribution: The minimum share capital of a public company is Rs. 5,00,000. However, in the case of a private limited company, the minimum capital of at least Rs. 1 lakh.
Registered Office: There is no hard and fixed rule that the office does not have to be a commercial space only but can be a rented home also as long as a NOC is obtained from the landlord.
DOCUMENTS REQUIRED FOR THE COMPANY REGISTRATION:
Full Name
Father’s/ Husband Name
Occupation
Nationality
A complete address including PIN Code
Phone number with STD/ISD code
Mobile number
Photocopy of every proposed director
THINGS KEPT IN MIND WHILE CHOOSING A NAME FOR THE COMPANY:
Some of the directions that are required in compliance with the companies Act 2013 and Companies incorporation 2014 are:
- Name which includes the word Insurance, Venture capital, Bank, and Mutual fund need to get regulatory legal compliance from the regulatory bodies like SEBI, RBI, etc.
- After the completion of 3 years, you can change your company.
- The principal object of the company Act 2013 is the name of the company.
- Few names need the approval of the Central Government that holds Union, Prime Minister, Statutory, Scheme, National, Small Scale, and Federal.
- Generic names which have the place’s name or other general names are not allowed. For instance, names like solar power, corporate technology, and Karnataka business are not allowed.
- The proposed name should not violate the Emblems, Trademarks, or any offensive words.
- A name must not imply a foreign embassy or foreign government.
- The name cannot be used if it’s similar to a limited liability partnership name.
- The Government Company can only utilize the term State in its name. Like Delhi state tourism development limited.
- Once you choose the name of the Company, the next step is to incorporate the company. The MCA under the companies Act has made the new company registration process simple and effective.
CONCLUSION:
As we know company registration is simple and it’s always best to seek professional help while registering your company. There are various decisions to be made while incorporating a company and in certain areas, experience goes a long way in simplifying the essential of the process.