Online Company Registration in India
Company registration is the process of formally establishing a legal entity that can conduct business activities, enter into contracts, and pay taxes. The process typically involves selecting a business structure, choosing a unique name, submitting necessary documents and fees to the appropriate government agency, and obtaining the required licenses and permits.
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Online Company Registration in India
Registration of business is a primary step for any business organization. To protect your business and secure your rights, company registration is essential. There are various forms/constitution of businesses available that one can register with. The choice of the constitution would depend upon the specific need of the applicant. The Registration of business allows you to meet various government norms and also helps in getting finances from the bank, provide a unique identity to the business and allows other benefits from various government schemes. This is also the first step if you wish to start a business online
Please Choose among Following Constitution as per your need
Sole Proprietorship Registration
Sole proprietorship is a “One Man Business Entity”. choose this option if you want to own the business under own your legal name and under your own PAN number without getting into too many legal formalities involved in other constitutions. This will be the fastest and cheapest form of business to start with.
Partnership Firm Registration
A Partnership firm is a Legal identity which is registered by two or more persons by executing a partnership deed with each other. Choose this option if you are two or more person (Max limit up to 10 Partners) coming together for a business idea. Even though this form of business is governed under the Indian Partnership Act 1932, the partners are at free will to decide on various terms pertaining to share of profits/salaries and other related matters. It has less legal regulatory as compare to PVT Ltd Company or Limited liability partnership.
Private Ltd. Company Registration
Private Limited Companies are regulated under the company's Act 2013 and the Companies Incorporation Rules, 2014. It is a prevalent and popular business option in India as it gives separate legal identity, Limited liability, more transparency, and international recognition to the business. The ownership of the company is divided among various shareholders (Max upto 200) as per there capital investment into the business as share capital.
Public Ltd. Company
The public limited company is also governed under the company's Act 2013 and the Companies Incorporation Rules, 2014. A Minimum of 7 shares holders and 3 directors are required to start a public limited company. It is more suitable for generating funds from the public at large by issuing IPO's and getting listed at the stock Market. Public limited company follow strict regulatory guidelines from SEBI and under Companies Act 2013 as public money is involved in the company.
LLP Registration
LLP is a body corporate formed and incorporated under LLP Act, 2008. It is a legal and separate entity from that of its partners. It is preferred as it incorporates the benefits of both partnership firm and company into a single form of organization. The concept of the Limited Liability Partnership (LLP) was introduced in India in 2008. The Limited liability Partnership Act, 2008 regulates the LLP in India. Minimum two partners are required to incorporate an LLP and there is no upper limit on the maximum number of partners. The rights and duties of designated partners are governed by the LLP agreement
FREQUENTLY ASKED QUESTIONS
Abbreviated names such as ‘XYZ limited’ or ‘23K limited’ cannot be given to a new company. However, in case the company is well known in their respective field by abbreviated name, then they are allowed to change their names to abbreviations of their existing name after following the requirement of Section 21 of the Companies Act, 1956.
➤ Address proof of Directors and Shareholder (Out of Latest bank statement, telephone bill, mobile bill, electricity bill or gas bill should be submitted as a residence proof. Ensure that statement shouldn’t be more than 2 months old)
➤ Photographs of all partners
➤ MoA and AoA has to be submitted
➤ Registered Office Proof - Any utility service like telephone, gas, electricity, etc. depicting the address of the premises in the name of the owner or document, which must not be older than two months at the least can act as Proof of evidenceIf the registered office is rented, the rent agreement and a NOC from the landlord has to be submitted.
