Company Registration in India is very common practice for setting up a business in India. In India Private Limited Company is very know and Popular form of entity used by most businesses. Procedure of Company registration is explained as follow
1. Requirement
2.Documentation
3.Process of Registration
1.Basic Requirements for Company Registration in India
i)Unique Name
The Company should have a unique name. In India Ministry of Corporate Affairs Gives name approval of the Company. The name should be unique and should not resemble with registered Trademark in India.
ii) Minimum 2 Directors
As per Indian law there must be Two Directors to form a Private limited Company in India and one of them must be Indian Resident.
iii) Office Address
Office Address in India is must to register Company in India. Copy of rent agreement/Electricity bill along with NOC from Landlord is sufficient to establish address proof of company.
iv) Minimum Paid up capital
A minimum of Rs. 1 Lakh (USD 1500 approx) is required as Capital to register a Private Limited Company in India but after Registration these funds can be use by company for incurring day to day expenses.
v) Minimum 2 Shareholders
As per Indian law there must be Two Shareholders to form a Private limited Company in India. However Directors can also e shareholders so only 2 individuals are required to form company in India
2.DOCUMENTS REQUIRED FOR COMPANY REGISTRATION IN INDIA
- For Indian Director/Shareholder
- One Coloured Passport Size Photograph
- Mobile Number of the person
- Email Id of the person
- DSC Form duly signed by the Director
- Copy of Address Proof(Any 2)
-Aadhaar Card/ Electricity Bill (not older than 2 months)
-Telephone/Mobile Bill (not older than 2 months)
-Water Bill (not older than 2 months)
-Copy of Bank Statement (not older than 2 months)
- Proof of identity:
-PAN Card
-Voter’s Identity Card
-Passport Copy (if any)
-Driving License Copy (if any)
ii.For Foreign Director/Shareholder
- One Coloured Passport Size Photograph
- Email Id of the person
- Mobile Number of the person
- Passport should be Notarized or Apostilled in the country it was issued.
If the document is in foreign language, then it must be translated by an official translator to English and notarized or apostilled. Further, if the Passport does not contain date of birth of the holder, then an additional document indicating the date of birth of the Director must be provided, duly certified or attested or notarized or apostilled
- DSC Form duly signed by the Director
- Copy of Address Proof: (All the below mentioned documents must be Notarized or Apostilled )
-Residence Card
-Bank Statement (must not be older than 2 months)
-Government issued form of identity containing address.
-Passport should be Notarized or Apostilled in the country it was issued.
In case the document is in a foreign language, then it must be translated by an official translator in English language and notarized or apostilled.
- Registered office address of the proposed company (In case property is not owned by the director than NOC from landlord)
- Electricity Bill (not older than 2 months)
- Lease Deed/Rent Agreement
- Telephone Bill (not older than 2 months)
- Water Bill (not older than 2 months)
iii.OTHER DOCUMENTS COMPANY REGISTRATION IN INDIA
- Main object of the Company in details:
-Main activity of the Company
-Memorandum of Association (MOA ) & Articles of Association (AOA)to be Prepared.
For MOA and AOA we need only main object of the Company or any Special terms and conditions to be stated in article, if any
- Division of Authorized Share Capital and Paid up Share Capital
- Details of the Proposed Director (Self-attested copies of all documents are required)
- Details of the Subscriber(Shareholder) in case the shareholders are other than directors (Self-attested copies of all documents are required)
3. Process of Company Registration in India
Step -1
Apply for DSC of both the Directors
Step-2
Apply for Name Reservation on MCA Portal http://www.mca.gov.in/mcafoportal/showCheckCompanyName.do
Step -3
After Name approval from MCA apply for Company registration with same name within 20 days .
Step-4
Get certificate of incorporation and open current account in bank
step- 5
Get commencement certificate from MCA .
NOW your company is registered in India. Now you may proceed for opening Corporate bank account.
For More Detail on Company registration Click here.
Download Project plan for Company Registration In India-http://maksimconsultants.com/wp-content/uploads/2019/01/Project-Plan.pdf
Contact us for Company Registration Services in India
p: +91-9910310800
email : mail@maksimconsultants.com