How to Register Company in India?

In order to set up a business in India, one can choose its own form of set up either in the form of LLP, Private Limited Company, Public Limited Company, OPC (One person Company) etc.

A Company is a separate legal entity, independent of its promoters and is incorporated under The Companies Act, 2013. For company registration in India, we need at least two people in case of Private Company and 3 persons in case of Public Company as the shareholder and director, who can be same persons. However one of the directors must be resident in India.

In case you choose to form a company in India then following are the option:

Types: 1. Private Limited Company

 2. Public Limited Company

 3. OPC (One Person Company)

 4. Small Company

Private Company Registration is more preferable as it limits the Liability to an extent.

Private Limited Company Registration Process:

1.      Apply for name approval

Login in MCA Portal-Click on RUN (Unique)-give proposed (Maximum 2 Names as per preference)-pay fees of Rs 1000/-.

NOTE:

a. That the fees of Rs 1000/- are valid for only one time only, irrespective of approval or rejection.

b. Reserved name shall be valid for 20 days from the date of approval of Name.

c. Reserved name shall be valid for 60 days in case of allotment of a name for existing Company (Change of Name).

2.      Fill in SPICE INC 32 form

This single Form can be used for the following purpose altogether:

a.       Name availability-RUN application

b.       DIN application for Directors (Minimum 2 Directors)

c.       PAN/TAN application of the company.

Apart from above information that can be filled pertaining to company registration through SPICE INC 32 are following:

1.       Subscriber details:-Maximum 7. However in case of more than 7 directors physical signed copy of MOA and AOA.

2.       Directors details:-Maximum 20.

3.       DIN application:-Maximum 3.

NOTE:- Company getting registered after 26/01/2018, having Paid up capital of less than 10 Lacs or in respect of companies not having a share capital whose number of members as stated in the articles of association does not exceed twenty are not required to pay fees on SPICE INC.

Attachments of SPICE INC 32:

1. INC-9 Affidavit / declaration by first subscriber(s) and director(s) (on duly authorized Stamp Papers).
2. DIR-2 declaration from first Directors along with Copy of Proof of Identity and residential address.
3. NOC from the owner of the property.
4. Proofs of Office address (Conveyance/ Lease deed!/ Rent Agreement etc. along with rent receipts);
5. Copy of the utility bills (not older than two months)
6. In case of subscribers/ Director does not have a DIN, it is mandatory to attach: Proof of identity and residential address of the subscribers
7. All the Subscribers should have Digital Signature

3.      MOA and AOA

• Download the e-form INC-33 (MOA) and IN-34 (AOA) form the MCA site.
• Fill all the information in the forms as per requirement of Table A to J of Schedule I.
• Affix DSC of Subscriber.
• PAN and TAN

Link to find out of Area Code to file PAN and TAN are given in Help Kit of SPICE Form. PAN/TAN will be generated with the company Registration.

Incorporation certificate shall generate with CIN, PAN & TAN.