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Company registration in India

Company registration in India

This article will discuss different parts of Suppose you want to register a company in India. In that case, choose the form of registration as three popular company registration forms are:

  • Private Limited Company
  • Limited Liability Partnership
  • One Person Company

Every registration form comes with its rules, procedures, and benefits. In this article, you will learn about company registration and more:

Private Limited Company Registration

Most companies or businesses running in India choose this form, having its advantages and limitations, such as liability. For registration of a Private Limited Company, individuals must engage with the Ministry of Corporate Affairs (MCA) to acquire a Certificate of Incorporation (CIN) and select a company name.

Registration Process

  1. A minimum of 2 directors/partners.
  2. A Digital Signature Certificate, Director Identification Number, and documents.
  3. Then, name approval will be required, and the incorporation form and PAN/TAN application must be filled out.

Documents Required

For a Private Limited Company Registration, Personal documents of directors, business address proof, and other necessary paperwork.

Benefits

Some advantages include limited liability, credibility, fundraising opportunities, and ESOP availability. A unique company name ensures brand protection.

One-Person Company (OPC) Registration

OPC, introduced under the Companies Act 2013, offers an individual company formation to facilitate entrepreneurship by allowing them to register a company with only one member.

Here's a guide to OPC registration:

Registration Process

  1. Process Requires a single shareholder/director/nominee.
  2. Simple registration process with minimal requirements.
  3. Post-registration, the company obtains the incorporation number and PAN.

Advantages

Limited liability, single ownership, and ease of transferability are vital advantages. Taxation similar to private companies applies to OPCs.

Compliance and Taxation

Annual compliance includes financial statements, annual returns, and board meetings. Taxation follows the standard corporate tax rate slab.

Limited Liability Partnership (LLP)

A flexible business structure offering limited liability to partners. Discover the benefits, cost, and registration process. To form an LLP "Limited Liability Partnership", go below:

Registration Process

  1. A minimum of 2 partners is required.
  2. Simplified registration process with only three steps.
  3. Submission of necessary documents like PAN card, identity/address proofs, and LLP agreement.

Features

Separate legal entities, perpetual succession, and flexible management are key features. No minimum capital requirement adds to its flexibility.

Cost and Timeline

Government charges, professional fees, and a relatively short registration timeline make LLP registration attractive.

Conclusion

In conclusion, choosing the right type of company registration depends on various factors such as ownership structure, liability concerns, and business objectives. Whether it's the versatile Private Limited Company, the partnership-based LLP, or the solo entrepreneur-friendly OPC, each registration type offers distinct benefits tailored to different business needs.

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FAQs

We have had a presence in Noida for the last 12 years. Moreover, all the liaisoning of GST and Income Tax of the Noida Department is done by our Senior partners to enable you to solve your every problem.

We work with our clients to streamline their startups according to their size and planning – Which is crucial to success in a highly competitive market where every day counts. Do call us to know the suitable structure for you

Depending on the formation structure you have chosen for your business it can be from zero days to 15 days, when you can start your operating activities.