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ONLINE BUSINESS REGISTRATION IN INDIA

This slide is about online company registration in India & full process with detail analysis

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ONLINE BUSINESS REGISTRATION IN INDIA

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  1. ONLINE COMPANY REGISTRATION IN INDIA This article written by the Estellaconusltancy.com www.estellaconsultancy.com

  2. INTRODUCTION • Here we are going to tell you how we will set up or Register a Company/business in India. Before going further we need to know that business idea doesn't mean success but having a great business idea which is going to solve the problem of consumer or problem-solving product. • As on date, every business wants its online presence in a fast-changing world or competitive world.

  3. Let us take an example;- A small vendor opens its business shop in the city/town and sells the products/services to a consumer who visits his shop. The business has a low geographical area to sell its product & he wants to expand his Business then he needs to list his business on the Internet or Online Platform. Here the role of a Company comes in the Picture. The person wants a business Structure which provides him with the benefits of Limited Liability & Separate legal entity etc. So, here we going to discuss how to Register private Company in India & get a relevant license from the government authorities. Private Company Registration In India is a long process and take around 12 working days if all the documents are prepared & file with relevant government Authorities (MCAs).

  4. ADVANTAGES OF PRIVATE COMPANY REGISTRATION IN INDIA. • Separate Legal Entity (The company is distinguished from its members, Directors & Subscribers except in case of Fraud or Misrepresentation) • Registered with Central Government (The company registered with ROCs & MCA (Central government) • Transference, Scalability & Mobility in the Business • Legal Status. • “Private Limited” is used at the end of the company name. • Perpetual Succession. • Limited Liability of the members. • Business Credibility /Fundraising. • Brand Value. • Expansion Of Business. • Invite FDI (Foreign Direct Investment).

  5. MINIMUM REQUIREMENT FOR PRIVATE COMPANY REGISTRATION • Name of the Company • Minimum 2 Members. • Minimum 2 Directors (Only Natural person i.e. Ram). • The authorised capital of Minimum 1 Lakh. • No minimum requirement of Paid-up Capital. • Minimum 1 Director is Resident of India. • All Directors have a DIN (Director Identification Number). • The company have a Business Objective.

  6. PROCESS OF COMPANY REGISTRATION • Application For Digital Signature Every person (Directors, Members & Subscribers) who is going to Incorporate a company is required to have Digital signature which attached by the person in the application form for Company Registration. • Application for Allotment of DIN In Form DIR-3. The person who wants to become a Director of the company has a prerequisite requirement of having Director Identification Number (DIN) & Without DIN no. a person cannot appoint as Director. The Director of the company is always a natural person (Like Ram, Shyam etc) not Artifical person (Like HUF, Company, Trust etc).

  7. Application for Name approval. • The person required to have a Unique Company name before Incorporation & application is made in RUN (Reserve Unique Name) form with MCA (Ministry of Corporate Affair) portal with the fees of Rs. 1000/- • Preparation of the following documents of Directors, Members & Subscribers are:- • Attestation of Identity proof (Driving License or Passport or Voter ID); • Notarization of Identity proof; • Attestation of Address proof (Mobile Bill or Electricity bill or Bank Statement); • Notarization of Address proof; • Consent of Directors in DIR - 2; • Attestation & Notarization of Company Registered office documents; • Affidavit & Undertaking of Directors & Members; • Undertaking from practising CS/CA/CWA.

  8. Preparation of Memorandum of Association (MOA). • The MOA is very important documents for registration of the company and its also known as the Constitution of Company or Bye-laws. • The MOA contains the Company Name clause, Registered office clause, Liability Clause, Share capital clause & Subscriber clause. • The MOA of the company is prepared in the Spice form -33 & digitally signed by the Subscribers of the company and practising CS/CA/CWA. • Preparation of Articles of Association (AOA). • The Company AOA contains the internal rules & regulation related to company day to day working, contract, appointment, payment, employee & resolution etc. • The Spice form - 34 is used for the preparation of AOA and digitally signed by the Subscribers of the company and practising CS/CA/CWA.

  9. Preparation of E form Spice 32 & Insert the following Details are: - • The Company, Directors, Members & Subscribers. • Paid-up capital. • Authorised share capital • Shareholding ratio • DIN no. • The registered office of the company. • Attached the Identity proof & Address proof of Directors, Members & Subscribers. • Attached the Undertaking of Practising CS/CA/CWA & Undertaking of all the Directors, Members & Subscribers. • Attached the Consent of Directors. • Digital Certification by Practising CS/CA/CWA & Director.

  10. Filing of Form Spice 32 (Application for Company Registration) • The Spice – 32 files with ROCs (Registrar of Companies) along with Spice form -33 (MOA) & 34 (AOA). • This Spice form is Digitally signed by the Director of the company & practising CS/CA/CWA. • The company can be made an application for PAN, TAN & GST registration along with the application of company registration. • Issuance of Incorporation Certificate • The MCA registered the company after verification of all the documents & Issued the following documents are: - • CIN (Certificate of Incorporation); • PAN card; • TAN Registration & • GST registration certificate.

  11. DOCUMENTS REQUIRED FOR COMPANY REGISTRATION • Documents of Directors & Members • Passport Size Photo. • Identity Proof (Driving License or Passport or Voter ID). • Address Proof (Mobile Bill or Electricity bill or Bank Statement). • PAN Card (Mandatory). • Passport is mandatory for Foreign National or Non-Resident India (NRI). • Documents of Company • Name of the Company. • Business Objective (A company registration is done for only one objective). • Authorized Share Capital. • Paid Up Capital. • Registered Office of the Company (Property Owned (Sale Deed or Electricity Bill) OR Property Rented ( Rent Agreement).

  12. After Incorporation or Registration of the company is required to do Post Incorporation Compliances. • This Article is contributed by Mr. Gaurav Yadav founder of Estellaconsultancy.com & provide the services related to Company Registration, Fssai, ESI & PF, MSME/SSI, Trademark, Accounting, Book Keeping, GST Related Services, Listing, Delisting, RBI, FEMA, Foreign company entry in India and Secretarial Audit etc. Thank You www.estellaconsultancy.com

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