Online Company Registration in India - An Overview
- Posted By SuperCA
- On 15 December
In today's digital era, registering your company online in India has become more streamlined than ever. This process not only saves time but also simplifies the complexities traditionally associated with company registration. Whether you're starting a new venture or scaling an existing business, understanding the online company registration process is crucial for legal compliance and smooth operations.
Why Choose Online Company Registration?
- Convenience: Register your company from anywhere, at any time.
- Time-saving: Eliminates the need for physical visits to government offices.
- Cost-effective: Reduces the expenses associated with traditional registration methods.
- Real-time tracking: Stay updated with the status of your application.
- Expert Assistance: Access to professional guidance from platforms like Super CA.
Step-by-Step Guide to Online Company Registration
Step 1: Obtain Digital Signature Certificate (DSC)
-
Importance: Mandatory for filing registration forms electronically.
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Providers: Certified agencies listed under the Ministry of Corporate Affairs (MCA).
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Documents Required: PAN card, address proof, email, phone number.
|
Type of Applicant |
Validity |
Price Range |
|
Individual |
1-2 years |
₹800 - ₹2000 |
|
Organization |
1-2 years |
₹2500 - ₹4000 |
Step 2: Director Identification Number (DIN)
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Procedure:
- File an application in Form DIR-3 with the MCA.
- Attach a photograph and scanned copy of supporting documents (proof of identity and address).
Step 3: Company Name Approval
- Options:
- RUN (Reserve Unique Name) Form: Provides two chances for name approval.
- With SPICe Form: Directly apply for the company name in the SPICe (INC-32) form.
-
Tips for Name Selection:
- Unique and not similar to any existing company.
- Reflects your business nature and brand.
Step 4: Preparation of Memorandum of Association (MoA) and Articles of Association (AoA)
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Memorandum of Association (MoA):(h4)
- Purpose: Defines the company's structure and business scope.
- Key Clauses: Name clause, Registered office clause, Object clause, Liability clause, Capital clause, Subscription clause.
- Articles of Association (AoA):
- Purpose: Details the rules and regulations governing the internal management of the company.
- Key Aspects: Share capital, General meetings, Directors, Dividends, Voting rights.
Note: Both MoA and AoA must be submitted electronically.
Step 5: Filing of SPICe Form (INC-32)
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Procedure:(h4)
- Integrated application for DIN, name approval, and incorporation.
- Attach DSC, MoA, AoA, and other mandatory documents.
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Benefits:(h4)
- Streamlines the process.
- Reduces processing time.
Step 6: PAN and TAN Application
- Simultaneous Application: Done along with company registration in the SPICe Form.
- Documents Required: No additional documents needed; details taken from SPICe Form.
- Issuance: PAN and TAN are allotted by the Income Tax Department and sent via email.
Step 7: Issuance of Certificate of Incorporation
- Upon Approval: Registrar of Companies (RoC) issues the Certificate of Incorporation.
- Contents: Company's CIN (Corporate Identification Number), name, date of incorporation, PAN, TAN.
- Significance: Marks the legal existence of your company.
Post-Registration Formalities
- Opening a Bank Account: Utilize the Certificate of Incorporation and PAN.
- GST Registration: If applicable, based on business activity and turnover.
- Compliance with Labour Laws: EPF, ESI registrations if hiring employees.
- Shop and Establishment Act Registration: Based on state laws and business nature.
Note: Super CA can assist with these post-registration requirements, ensuring your business is fully compliant and ready for operations.
Conclusion
Online company registration in India is a clear, structured, and efficient process. It not only facilitates ease of doing business but also ensures legal compliance. Platforms like Super CA play a pivotal role in simplifying and guiding you through this digital journey, paving the way for your business's success.
Remember, each step in the company registration process is crucial. Ensuring accuracy and compliance from the outset can save time and resources, setting a strong foundation for your business.
Frequently Asked Questions (FAQs) on Online Company Registration in India
Q1: How long does the online company registration process take in India?
- A: The entire process typically takes about 7-15 days, depending on the accuracy of the documents provided and the workload of the Registrar of Companies.
Q2: What is the cost of registering a company online in India?
- A: The cost varies based on the type of company and the services chosen. Generally, it ranges from ₹6,000 to ₹30,000, including government fees and professional charges.
Q3: Can a foreign national be a director in an Indian company?
- A: Yes, a foreign national can be appointed as a director in an Indian company, provided they obtain a valid Director Identification Number (DIN).
Q4: Is physical presence required for online company registration?
- A: No, the entire process is online. Physical presence is not required at any stage.
Q5: What documents are needed for online company registration?
- A: Key documents include identity proof (PAN card for Indian nationals), address proof, and educational qualifications for directors, and proof of registered office address.
Q6: Can I register a company at my residential address?
- A: Yes, a company can be registered at a residential address provided necessary proof of the address is submitted.
Q7: What is the significance of the Digital Signature Certificate (DSC) in company registration?
- A: DSC is used to digitally sign the electronic documents submitted for registration. It’s mandatory for all directors/promoters.
Q8: Are there any annual compliance requirements after registering a company?
- A: Yes, companies are required to comply with annual filings, statutory audits, and other compliances as per the Companies Act.
Q9: Can I modify my company’s name, address, or directors after registration?
- A: Yes, changes can be made post-registration, but they require filing specific forms and sometimes, approval from the Registrar of Companies.
Q10: How does Super CA assist in the online company registration process?
- A: Super CA provides end-to-end assistance, from DIN and DSC acquisition to filing the SPICe Form and post-registration compliances, ensuring a smooth and efficient registration process.
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