In India, starting a business is a desire shared by many. Everyone wants to launch a business in order to pursue this ambition and make it a reality. Consequently, corporation registration is a thing in India. Through the creation of a company, you may launch your enterprise legally with support from the government as well as access to a growing infrastructure.
What is company registration?
The legal procedure of formally establishing a corporate entity in accordance with the rules and regulations outlined by the Ministry of Corporate Affairs (MCA) and the Companies Act, 2013, is known as company registration in India. Establishing a valid and reputable business company that may engage in commercial operations, enter into contracts, generate funds, and benefit from a number of legal protections and advantages requires this procedure.
Types of company registration in India:
- Public Limited Company Registration
- Private Limited Company Registration
- Limited Liability Partnership (LLP)
- One Person Company (OPC)
- Section 8 Company.
1. Public Limited Company:
A public limited company is a business that is managed by directors and owned by shareholders. A public limited company can offer shares to the public.
Required Documents:-
- Digital Signature Certificate (DSC) of Directors and Shareholders
- Director Identification Number (DIN) of Directors
- Memorandum of Association (MOA) and Articles of Association (AOA)
- Address proof of the registered office of the company
- PAN card of the company
- Identity and address proof of Directors and Shareholders
- Consent to act as Directors
- Declaration of the company’s compliance with the Companies Act.
- List of Directors and Shareholders
2. Private Limited Company Registration:
Private Limited Company registration is one of the most popular forms of a “legal structure” for all businesses in India. A “Pvt Ltd.” company is incorporated under the “Companies Act 2013” and is governed by the Ministry of Corporate Affairs (MCA)
Required Documents:-
- Digital Signature Certificate (DSC) of Directors and Shareholders
- Director Identification Number (DIN) of Directors
- Memorandum of Association (MOA) and Articles of Association (AOA)
- Address proof of the registered office of the company
- PAN card of the company
- Identity and address proof of Directors and Shareholders
- Consent to act as Directors
- Declaration of the company’s compliance with the Companies Act
3. Limited Liability Partnership (LLP):
A limited liability partnership is a partnership in which some or all partners have limited liabilities. It therefore can exhibit aspects of both partnerships and corporations. In an LLP, each partner is not responsible or liable for another partner’s misconduct or negligence.
Required Documents:-
- Digital Signature Certificate (DSC) of Designated Partners
- Director Identification Number (DIN) of Designated Partners
- LLP Agreement
- Address proof of the registered office of the LLP
- PAN card of the LLP.
4. One Person Company (OPC):
One Person Company (OPC) was a brand-new idea that was introduced by the Companies Act of 2013. An OPC is a business founded by one person, as the name implies. The firm is founded and run by one person. All of a company’s characteristics, such as perpetual succession, limited liability, and a distinct legal identity, apply to an OPC.
Required Documents:-
- Digital Signature Certificate (DSC) of the Sole Director and Shareholder
- Director Identification Number (DIN) of the Sole Director
- Memorandum of Association (MOA) and Articles of Association (AOA)
- Address Proof of the Registered Office of the OPC
- PAN Card of the OPC
- Identity and Address Proof of the Sole Director and Shareholder
- Consent to Act as Director
- Name Reservation
5. Section 8 Company :
A Section 8 Company is a non-profit organization that aims to promote charitable activities, art, science, education, and sports. The profits of such companies are utilized for promoting these objectives and are not distributed among the Company’s members.
Required Documents:-
- Digital Signature Certificate (DSC) of Directors
- Director Identification Number (DIN) of Directors
- Memorandum of Association (MOA) and Articles of Association (AOA)
- Address proof of the registered office of the Section 8 Company
- PAN card of the Section 8 Company
- Identity and address proof of Directors
- Consent to act as Directors
- Declaration of the company’s objectives and non-profit nature
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