Choose your company's legal structure first, such as a sole proprietorship, partnership, limited liability partnership (LLP), or private/public limited company.
Whether you are an Indian citizen or an NRI looking to register a company in India, Set Sprouts is your go-to partner who can make your business dream come true. We understand that diving into the world of business can be overwhelming, but with Set Sprouts, the process becomes as simple as a walk in the park. Choose a hassle-free company registration process by contacting us right away!
Company Registration In India Made Easy: A Quick Overview
Planning to start a business in India? Private limited companies are generally considered a good option. This form of company incorporation safeguards its shareholders and has some ownership guidelines. Another option is to form a limited liability partnership, in which partners run the business together.
You might think that online company registration in India is a daunting task, but Set Sprout is here to help you! Our team of experts is committed to providing expert guidance and support throughout the company incorporation process. Whether you are a small business owner or a startup in India wishing to expand your global footprint, our easy online module allows us to set up your new company in just a few days.
We handle all legal procedures and adhere to the rules set up by the Ministry of Corporate Affairs (MCA). After everything is done, we give you an important paper called the Incorporation Certificate. Say goodbye to complicated paperwork and let Set Sprouts guide you through the complexities of company formation in India.
Different Types Of Company Registration In India
Here is a breakdown of different types of business structures in India –
One Person Company
This is a type of company registration online that allows a single individual to operate and manage the business. The sole owner has limited liability, which means that their personal assets are safe in case of any legal troubles or debts.
Public Limited Company
This company formation in India can raise funds from the general public by issuing stock in an initial public offering (IPO). To register your company under this structure you need at least seven shareholders and three directors for incorporation. The compliance standards are higher in comparison to other types of businesses.
Private Limited Company In India
Small businesses prefer this structure of the company because of its flexibility and ease of operation. A private company is a separate legal entity different from the founders, directors, and shareholders of the company. Every individual is considered an employee of this company structure. If you wish to start a private limited company in India, you can consult our experts today for a smooth private limited company registration online.
Limited Liability Partnership
Limited Liability Partnership is a popular form of company incorporation in India. It combines the advantages of both partnerships and corporations, making it an excellent alternative for professionals such as lawyers, accountants, and consultants. One key advantage of LLP is that partners have limited liability protection against each partner’s actions. This means that your personal assets stay protected in case of any legal issues or debts incurred by the business.
Benefits Of Company Registration In India
There are numerous advantages of company registration online. Some of them are as follows-
Legal Recognition
Registering your company gives it legal legitimacy and a separate identity from its owners. This protects you from personal liability for any debts or losses incurred by the business.
Limited Liability Protection
One of the primary benefits of forming an Indian company is limited liability protection, which means that shareholders’ personal assets are not in danger if the firm runs into financial difficulties.
Access To Funding Opportunities
As opposed to unregistered businesses, registered companies have better access to funding options such as loans, grants, and investments. This can help fuel growth and expansion plans.
Brand Building & Credibility
Registration of the company improves your brand image and credibility with customers, suppliers, investors, and other stakeholders who prefer doing business with registered organizations over unregistered ones.
Tax Benefits & Incentives
Registered companies enjoy various tax benefits like deductions on certain expenses related to their operations along with incentives provided by the government of India aimed at promoting entrepreneurship and startup registration in India.
No Minimum Capital Requirement
You don’t need to have a specific amount of money to start a private limited company online in India. The biggest benefit is that the capital structure of the company can be changed if extra finances are required.
Company Registration Process In India
Apply For Digital Signature Certificate
To start registering a company, the people who will be in charge, the owners, and those who have shares of the company need to get special digital signature certificates. A digital signature certificate is used as an electronic identity and authentication technique during the registration procedure.
Obtain Digital Identification Number
Once you get the digital signature certificate, you need to apply for DIN through Form DIR-3 on the MCA website. DIN is a unique number assigned to individuals who wish to become directors of companies registered under the Companies Act 2013.
Following that, you must select an appropriate name of the company and check its availability using the RUN service provided by the Ministry of Corporate Affairs (MCA).
Prepare Incorporation Documents
Once you have obtained DSCs and DINs, you will need to draft incorporation certificate such as a Memorandum of Association (MOA) and Articles of Association (AOA). These are legal documents that specify many parts of your business operations such as business goals, policies, and so on.
File Application with Registrar of Companies
To perform financial operations, you must open a bank account in UAE. Once you have completed all of the aforementioned processes and obtained all necessary paperwork, documents, licenses, and permissions, open a bank account. Make sure to choose a bank that satisfies all of your business needs and requirements and can help you lower your business expenditures.
Get Certificate Of Incorporation
If all goes well, the registrar will issue a Certificate of Incorporation confirming the successful completion of the Company Registration Process.
Choosing The Right Structure For Company Registration In India
Here we have listed out a few important points that every company must follow before starting the process of company registration in India –
1. One Person Company is a suitable option if you have all of the funds required to start a company. When your company has two or more owners and you want to raise funds from others you must register a private limited company.
2. Hindu Undivided Family (HUF), Partnership Firms, and Sole Proprietorships all have unlimited liability. This means that if the company is unable to repay loans, partners or members will be required to bear the whole debt as part of their profit-sharing agreement.
3. If you are confident about covering setup and compliance costs later, you can opt for a Private Limited Company, One Person Company, or LLP.
4. In the case of sole proprietorships, business income is mixed with the individual’s other earnings. Partnership firms pay a fixed tax rate of 30%.
5. LLP and private limited company are trusted options for potential investors. Seeking expert assistance will ensure that you register under the suitable structure and follow the proper rules.
Documents Required For Company Registration In India
Here is a list of documents required for company registration in India –
- Copy of PAN card, Aadhar card, or passport for Indian nationals and copy of passport for foreign nationals.
- Copy of Aadhaar card, voter ID, driving license, or utility bills not older than two months as address proof.
- Recent passport-size colored photographs of the proposed directors of the company.
- According to the Companies Act of 2013, all directors, promoters, shareholders, and partners requesting registration must have a DIN.
- DSC is mandatory while filing forms electronically on the MCA portal.
- MOA and AOA
- Bank Account Details
- Rent Agreement / Lease Deed
How We Can Help You To Register A Company In India?
Set Sprouts understands the difficulties and complexities involved in registering your company in India. That is why our team of experts is here to help you to register a new company. We can help you with everything from selecting the correct business structure to managing legal requirements. Our goal is to make the process as easy as possible for small business owners like you so that you can focus on what really matters: expanding your company. Let us be your partner on this exciting journey toward establishing a global presence with ease!
FAQs About Company Registration In India
You can register your company in India by following the formal processes outlined by the Ministry of Corporate Affairs (MCA) and submitting the necessary documents either online or through a professional service.
The cost of registering a company in India depends on the type of company and the services selected. It’s better to consult an expert who can guide you throughout the process.
To register a startup in India, you must have a unique business idea as well as a proper business strategy.
Yes, if you want to run a business that has a legal identity, limited liability, and complies with regulations, registering a company in India is mandatory.
Yes, foreigners can incorporate a private firm in India by following the FDI standards and incorporation of the company must be done as a subsidiary or joint venture.
For new company registration in India, you typically need identity and address proofs of directors/shareholders, company address proof, Memorandum of Association (MOA), Articles of Association (AOA), and other relevant documents, varying based on the type of company and its structure.
