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Company Registration

Registration is the process by which a company files required documents with the Securities and Exchange Commission (SEC), detailing the particulars of a proposed public offering.

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COMPANY REGISTRATION

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
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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.

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Partnership Firm
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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.

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Private Ltd. Company
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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.

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Public Ltd. Company
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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.

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LLP
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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

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FREQUENTLY ASKED QUESTIONS

Answer: A proposed name for a company should not be identical to that of an existing company A preferred format as per the MCA to name the company is - Unique Component + Descriptive name + Private Limited. In this, the unique component needs to be creative, imaginative, and distinct in nature, while the descriptive name defines your business in brief and gives perks of your work/business.

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.
Answer: The entire process including approval of DIN, Name, and Incorporation takes around 10 working days. After getting the certificate of incorporation, the company can start its business after.
Answer: No, your physical presence is not required during the process as the process is completely online.
Answer: ➤PAN card acts as a primary ID proof. All the partners are required to provide their valid PAN details while applying. In case of Foreign Nationals/ NRIs, they have to submit their passport compulsorily along with these documents..

➤ 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.
Answer: The life of a Private Ltd Company is independent of the life of its founders or its members. A typical purpose of registration of a Private Limited company is continuity of business till eternity. Irrespective of the life of people incorporating a private limited company, it continues to operate through the generations. Even if the members, for that matter even all members, become bankrupt/insolvent, the company remains unaffected.
Answer: Irrespective of size, stature or nature of the business, all Pvt ltd companies have to maintain books of accounts audited by a practicing CA before the conclusion of the Financial Year which is a part of the compliances.
Answer: MoA is an abbreviation for Memorandum of Association, and AoA stands for Articles of Association. MOA is the charter of the company and defines the scope of its activities, whereas an AOA is a document which regulates the internal management of the company. They both define a company's scope of work, objectives, rules and internal management
Answer: As per section 149(1) of the Companies Act, 2013, it is mandatory to have a minimum of 2 directors as a prerequisite in order to incorporate a private limited company. The maximum can be upto 15 directors which can be further increased by passing a special resolution. A person can be both a director and shareholder in a Private Limited Company.
Answer: There is no minimum capital required at present
Answer: Yes, any employee or salaried person can become a director in a private limited company.
Answer: Yes, LLPs can be converted to a private limited company subject to fulfillment of certain conditions.
Answer: Yes! You can register your home address as your company’s registered address but provided that you have all registration papers of your home and the space is suitable for the respective business.
Answer: No, your physical presence is not required during the process as the process is completely online.
Answer: Yes, they can, but must obtain a Director Identification Number (DIN) and Digital Signature Certificate (DSC).