The best way to establish a business in India is to start a private limited company. This type of company provides a limited liability policy for its shareholders while placing certain restrictions on the ownership of the company. As in the case of LLPs, partners are responsible for the ownership and management of the business. The directors may differ from the shareholders in the case of a private limited company.
Company Registration in India can be found at this website. You can get help registering your business here. We take care of all the legal formalities and fulfill the compliances required by the Ministry of Corporate Affairs. You will receive a Certificate of Incorporation (CoI), together with a PAN and TAN, once the company registration process has been approved. You can now begin operating your business by opening a current bank account.
Benefits of Company Registration
In order to increase your business credibility, it’s important that you register a company. Companies can benefit from registration in the following ways:
- Provides protection against personal liability and other risks and losses that may arise in the future
- Boost your sales by attracting more customers
- With ease, you are able to obtain bank credit and good investments from reliable investors
- Ensures that your company’s assets are protected with liability protection
- A greater contribution to capital and a greater level of stability are two benefits
- Increasing your chances of growing big and expanding your business
Checklist for Registering a Company in India
The Companies Act 2013 defines the requirement that we must ensure that the requirements of the checklist have been met in a timely manner.
Two Directors:
The minimum number of directors in a private limited company is two. There is a maximum number of fifteen directors allowed. A minimum of one of the company’s directors must be an Indian citizen.
Unique Name:
In order to register a business in India you are required to choose a name that is unique, unlike any other well-known or registered trade mark in India.
Minimum Capital Contribution:
Companies must have at least 1 lakh in authorized capital. A company does not need to have a minimum capital amount.
Registered Office:
In order to register a company, it doesn’t necessarily need a commercial space to do so. Even a rented home has the potential to serve as a registered office, as long as the landlord’s consent has been obtained.
Read more
The Nidhi Company Registration and Processing Fees
Documents Required for Change in Registered Office of a Company
One Person Company: Meaning and Characteristics