Expert Company Registration Services in India
Starting a business in India is an exciting idea, but it requires you to follow crucial steps for a company registration. You may be a startup or an established business owner who is likely to scale up his operations. Registering your company can make it easier, as it allows your business to legally establish, comply with regulations, win credibility, and access various tax benefits. At CAAQ Consultancy, we guide you through this exciting journey of a company registration in India. Our highly qualified team of various CAs, CSs, corporate lawyers, and experienced consultants addresses every query related to its step-by-step online process, cost, fees, and benefits.
Simplifying Company Registration
The process defined for legally incorporating a business entity according to the Companies Act, 2013 is typically considered company registration. The Ministry of Corporate Affairs (MCA) governs it, establishing your business as a distinct legal identity from an individual. Being a legal entity, you can own assets, sign a contract, and avail monetary and legal benefits in the name of your company.
Majorly, there are certain entities that are popularly registered in India. We guide in these company registrations:
Private Limited Company: It recognizes a privately held business whose stake lies in the hands of a specific group of shareholders. Being a separate legal entity, it offers limited liability while enabling easy fund-raising privately.
Public Limited Company: Recognized as suitable for large-scale businesses, this company offers shares via stock exchanges to raise capital. It has to maintain a crystal-clear financial report for compliance.
One Person Company (OPC): Being owned & operated by a single entrepreneur, it offers limited liability while leveraging benefits alone. For solo business owners, it is an ideal choice who can expand it with legal protection.
Limited Liability Partnership (LLP): This is a hybrid business structure that blends the benefits of a partnership and a company, restricting liability to its partners only. For professionals and small businesses, it is an ideal choice as they bear the least compliance burdens.
Partnership Firm: It is for those who agree to share profits and liabilities as per the partnership deed. Though its registration is simpler, it lacks the advantage of limited liability.
Sole Proprietorship: As its name suggests, this company is registered in the name of a single individual who accounts for all liabilities and profits. The easiest of all and the least regulated business is this, which is the best fit for small businesses and freelancers.
Section 8 Company: This is a non-profit organization registered to encourage social welfare, art, education, or any other charitable objective. The profit earned is reinvested into the cause while leveraging tax exemptions and benefits. But it must comply with specific legal regulations.
Why Register Your Company?
Now comes why you need to register it. Certainly, certain regulations and conditions favor it. Here they are:
1. Legal Recognition: A company holds its own legal entity separately if it is registered.
2. Access to Funding: It’s convenient to attract investors to invest or raise capital in the name of stakes.
3. Credibility: A registered entity by default attracts the trust of customers, vendors, and partners.
4. Tax Benefits: Registered entities are eligible to enjoy various tax deductions and incentives.
5. Limited Liability: Its presence helps owners to protect their personal assets from business liabilities.
Cost and Fee Structure for Company Registration in India
The cost of company registration in India depends on the type of business entity and the services you opt for. Here’s a breakdown. The fee will be charged for government services, consultation, and some miscellaneous services like DSC, DIN, and stamp duty.
Step-by-Step Online Process for Company Registration
Fortunately, the whole process of incorporating a company in India is online. The entrepreneur can access the MCA portal and discover how to register it. But it’s a bit of a headache. This is where CAAQ Consultancy comes into play. We guide through and through this process:
Step 1: Obtain Digital Signature Certificate (DSC)
- To initiate electronic documentation, a DSC is necessary during this registration process.
- We, at CAAQ, are certified to help in applying for a DSC.
Step 2: Apply for Director Identification Number (DIN)
- DIN refers to a unique identification number reserved for directors of the company.
- For this number, you need to file a form called DIR-3, which is available on the MCA portal.
Step 3: Reserve Your Company Name
- To get approval on the name, enclose an application by filling out FORM SPICe+ (Part A) on the MCA portal.
- Certain naming conventions or guidelines are available to follow. We guide you to select a unique name.
Step 4: File SPICe+ Form (Part B)
- For obtaining a company incorporation certificate, fill out a SPICe+ form.
- Cover every detail from a company type, registered office address, to director information.
- Enclose required documents, which are listed below:
-Memorandum of Association (MoA)
- Articles of Association (AoA)
- Proof of registered office (rent agreement or utility bill)
- Identity and address proofs of directors
Step 5: Apply for PAN and TAN
- There is no need to obtain a PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number) separately, as they are automatically allotted when the SPICe form is approved.
Step 6: Register with CAAQ
- If you are willing to raise authorized capital above a certain bracket in the name of your company, we can help you to register it within days.
Step 7: Pay the Service Fee
As a government service and stamp duty charge, pay out the fees via the MCA portal.
You can pay it by using your net banking, credit/debit cards, or UPI.
Step 8: Receive Certificate of Incorporation
As the procedure is successful, the MCA will issue a Certificate of Incorporation (CoI) with a Corporate Identification Number (CIN).
Documents Required for Company Registration
1. For Directors
- PAN card
- Aadhaar card or passport
- Address proof (electricity bill, bank statement, etc.)
- Passport-sized photograph
2. For the Company
- Proof of registered office (rent agreement or ownership document)
- NOC from the property owner (if rented)
- Utility bill (not older than 2 months)
3. Other Documents
- Memorandum of Association (MoA)
- Articles of Association (AoA)
Benefits of Registering Your Company Online
1. Time Efficiency: The registration is faster online, as it can be completed within a week or 10 days.
2. Transparency: Track your application status in real-time on the MCA portal.
3. Cost-Effective: Reduced paperwork and streamlined processes lower overall costs.
Reduced paperwork and streamlined
4. Convenience: Complete the entire process from the comfort of your home or office.
Get your company registered with ease and confidence. Consult for CAAQ consultants & understand the entire process of company registration services in India.
Useful Links:
- Company Registration in Delhi
- Company Registration in Bangalore
- Company Registration in Chennai
- Company Registration in Hyderabad
- Company Registration in Kerala
- Company Registration in Mumbai
- Company Registration in Noida
- Company Registration in Pune
- Company Registration in Kolkata
- Company Registration in Jaipur
- Company Registration in Cochin
- Company Registration in Patna
- Company Registration in Ahmedabad
- Company Registration in Lucknow
- Company Registration in Trivandrum
- Company Registration in Dehradun
- Company Registration in Gwalior
- Company Registration in Odisha
- Company Registration in Karnataka