Why Online Company Registration is Very Popular?

A company is a legal entity formed by a group of individuals to operate a business. In this blog, we will discuss the meaning of the company,  and all other necessary aspects of company registration.

What is the meaning of the company?

A company is a body corporate registered under the Companies Act, 2013. A company can be classified as a private company or public company. In the common usage term company refers to a voluntary association of individuals formed for the purpose of attaining a common social or economic end.  The company has no technical or legal meaning. In the common law, a company can be defined as a juristic personality or legal person separate from its members.

Characteristic of Company

Some of the most important characteristics of a company are as follows:

i) Voluntary Association

ii) Artificial Person

iii) Separate Entity

iv) Perpetual Existence

v) Common seal

vi) Transferability of Shares

Company Registration Process

To register a company one has to follow the procedures mentioned below:

1) Every director of a company needs to apply for the Digital Signature Certificate which can be used to file ITR, annual returns, etc.

2) Next step is that an applicant has to apply for Director Identification number

3) Reservation of name - An applicant requires applying for name approval. For name approval applicant has an option of filing a SPICe or through Reserve Unique name. In Reserve Unique name, the applicant can choose two names. If a Registrar of companies finds that name selected by the applicant is a unique one then he/she can approve it. In case of rejection of the first name, the applicant has the option to choose a second name.

4) Applicant needs to submit e-forms of Memorandum of Association and article of association along with all necessary documents.

5) After drafting of Memorandum of Association and article of association, the next step is the submission of the company registration application.

6) After proper verification and proper satisfaction, Registrar of Company will issue incorporation certificate.

To know Company registration procedure in detail, visit the website of enterslice or contact any of the consultants of enterslice.

What are the advantages of Online Company Registration?

The company registration process is an online process. With the online company registration, one can easily register its a startup.  There are number of advantages of online company registration and some are given below

1)  Completely hassle-free - Online company registration process is totally hassle free because the entire procedure can be accomplished with the help of a few mouse clicks and there is no necessity to wait in the queue.

2) Time Effective - It takes a very little time to make online registration of a company.

3) Cost Effective - Online company registration is very cost effective and there is no necessity to pay anything extra.

Enterslice provides best services in a matter of online company registration. Keep in touch with any of its consultant to get an awesome and better service in a matter of online company registration.