Easily Register a Company
Save your cost by 50%
For the proper execution of the idea choosing the right form of business is important and for start-ups Private Limited is the best option for the following reasons:
Number of people required are low
Funding requirements can be fulfilled with the help of shareholders and financial bodies
Limited liability of the members
Growth of Business can be done by converting a Private Limited to a Public Limited but a LLP cannot be converted to a Private Limited hence it restricts the growth
Even though Private Limited Company is expensive but to execute the Big idea into a successful long term business Private Limited Company is the best choice for start-ups
Liability of the subscribers (the directors and shareholders) is limited to the amount of money they have paid for shares, thus Stakeholders are not typically liable for corporate debts and liabilities.
Extra capital can be raised by selling shares either privately or in the market. Members can leave or join without any restriction.
The death, bankruptcy or withdrawal of capital by one member does not affect the company’s ability to trade.
The disposal of the whole or part of the business is easily arranged.
Enjoys high credibility as the books of accounts and other documents are available for public vigilance.
ESOPs sweat equity and other incentives can be issued, which help attract and attain best of talents.
Overall transparency at various levels.
Separate Legal Entity from its owners. A company can sue or be sued on its own name.
Broader capital base than proprietorship firms. Usually attracts venture capitalists, angels and merchant bankers.
First ensure that company name is not similar to any other Private Limited,OPC, LLP or Public limited company. Also, do check If your first is not a registered trademark taken by anybody under the IP Act.While choosing the name make sure that name should contain the objective of the business like if the objective is Advertising then word is Advertising,Digital Advertising or promotion consultancy.
The choice of entity depends on circumstance of each case. Private Limited Company has lesser number of compliances requirements. Therefore, generally where there is no requirement of raising of finances through a public issue and the ownership is intended to be closely held by limited number of persons, Private Limited Company is the best choice.
There is a minimum of two shareholders required to start a Private Limited Company and the number can extend maximum from fifty to two hundred beyond which is not permitted.
A minimum of two directors are required to establish a private limited company and the maximum amount cannot exceed beyond fifteen.
Identity proofs and address proofs of all proposed Directors are required for registration of a Private Limited Company. For Indian nationals, PAN Card is mandatory. In addition to this, a No Objection Certificate (NOC) should be obtained from the landlord of the registered office address for having company’s office registered in his or her premises. The identity and address proof of the landlord is also required.
The following types of Business entitles are available we can open:-
Private Limited Company
Public Limited Company
In addition to the above legal entities, the following types of entities are available for foreign investors/foreign companies doing business in India:
Wholly owned Subsidiary Company
Joint Venture Company
On receipt of the name approval letter from the ROC the MOA and the AOA are required to be drafted. The MOA states the main, ancillary / subsidiary and other objects of the proposed company. The AOA contains the rules and procedures for the routine conduct of the proposed company. It also states the authorized share capital of the proposed company and the names of its first / permanent directors. After the MOA and AOA are required to be stamped.
A stamp duty is required to be paid on the MOA and on the AOA. The stamp duty depends on the authorized share capital.
You can give Power of Attorney to a person to sign the documents on your behalf. After the Company is incorporated, you can appoint Alternate Directors, to function on your behalf while you are not in India. But at least once, you should be in India within one month of the incorporation of the Company. There can be one meeting of Board of Directors during your stay in India and all other formalities including those of appointment of Alternate Directors can be complied with.
The Director needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency. Therefore, foreign nationals can be directors in a Indian Private Limited Company.
An address in India where the registered office of the Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.
DIN Number is a unique identification number allotted to the directors by the Government. For obtaining a DIN number, application is made to the Government in Form DIR-3 with requisite documents.
Yes, an Indian company can be incorporated with one or more foreign nationals as Directors. However, in private company wherein there are 2 directors and both of them are foreign nationals, one of them has to be a resident in India for a period of at least 182 days in the calendar year(as per Companies Act 2013). Also, wherein both the directors are foreign nationals, then disclosure has to be made whether 100 % FDI is allowed in the desired sector or not. However, foreign nationals cannot form an OPC in India.
It will depend upon the nature of business you intend to pursue. However, after registering over hundreds of companies, it is our practical advice to keep note of few of many factors before registering your company in any city:
The local registrations that will be required to be obtained for the company after its registration.
Nature of your business and the demographic advantage that the city is expected to provide.
For the purposes of this rule, the term “resident in India” means a person who has stayed in India for a period of not less than one hundred and eighty two days during the immediately preceding one calendar year.
No. Only an Indian citizen and resident can form an One Person Company.
An One Person Company can be started with one director and shareholder only.
Yes, a Foreign National or an NRI can be a Director in a Private Limited Company in India after obtaining Director Identification Number. However, at least one Director on the Board of Directors must be a Resident India.
No, you will not have to be present in India for registering of a Private Limited Company.
There is no such compulsion as to the point that shareholders have to be directors as well. There can be a separate group of persons acting as directors and a separate group of persons acting as shareholders. Directors are the hands and brains of a company where as shareholders are the owners of the company.
DSC is Digital Signature Certificate. DSC is required for at least one director for the purpose of Company Registration of a private company. It is required to file the forms electronically with the department.
Yes, DSC can be obtained by NRI acting as a director.
Bank Account for the company can be opened after receipt of the Certificate of Incorporation and generation of PAN Acknowledgement.
For the simple reason of protecting it. Once you trademark your logo, no one else will be able to use it. It also provides for other benefits in the form of creation of brand equity and identity.
When a particular form comes for resubmission, then the same can be submitted again vide the same SRN number. Its like chances that are given by the ROC to rectify the documents that are submitted without any additional Government fees. However, if the Forms get rejected then fresh filings for the same has to be done.
All the documents provided by foreign nationals, ranging from DIN declaration to subscriber’s sheets of the MOA and AOA either needs to be notarized by a notary public and subsequently apostilled OR notarized by a notary public and stamped by the Indian Consul of their respective countries.
Yes. He can, provided he can furnish satisfactory documents as registered office address proof.
No. For company registration, utility bill or tax receipt is mandatory.
Yes. Although there have been no operations, the company has to still file the statement of accounts with the department every year. A company which has not filed its annual return for three consecutive years are considered in the strike off list of the department. Although the new Act has brought in the provisions enabling the company to operate as dormant, the said provisions are not yet applicable.
A director is the hand and brain of a company. A director bears liability towards the company and third-parties. A director is answerable for breach of warranty and acts for his co-directors.
There are a lot of things that one should keep in mind before obtaining name for registering a company. The most important being “the choice of an unique name”. To explain this, the name should not be too identical to any existing Company Name or a registered trade-mark.
Yes. You can introduce your brother or any other family member as the second director.
The main objects of the company has to be absolute and not varied. Hence, you cannot register your company with all the above activities as main objects as they are not related to each other.
CIN number means Corporate Identification Number. It is like the identity number of the company. You can find it in the Certificate of incorporation of the company.
Just like the MCA, all our services are managed electronically. Hence, you can attach the document as a PDF proofs and JPGpics.You do not need to send us any hard copies.