Company Registration Consultancy Services in Lucknow

Making Company Registration Digital & Easier

Lucknow is one of the fastest emerging business cities of India. It is where everything, from infrastructure to government support, is favorable for commencing a startup. 

So! Are you the one thinking of starting a business but confused about choosing the right business structure? Here comes the end-to-end guide to understand the company registration process in Lucknow. At CAAQ Consultancy, our certified CAs, CSs, solicitors, or business consultants provide start-to-finish consulting support to discover various types, processes, and documentation, making registration way simpler and faster.

Types of Business Structures for Company Registration

Before you go ahead with startup formation, let’s help you to choose the appropriate business structure from the variations:

1. Private Limited Company—This is the most popular choice for startups and for those who want to set up a scalable business that needs funding and limited liability protection. We explain its structural framework with its compliance benefits.
2. Public Limited Company—This business structure is for those who want to set up a large enterprise, which can raise funds from the public through shares. But it accompanies strict compliance regulations, with immense growth potential and enhanced business credibility.
    
3. One-Person Company (OPC)—It’s absolutely perfect for solo entrepreneurs who seek corporate leverage without being associated with any partners. The owner leverages legal protection while making decisions and maintaining compliance.
    
4. Limited Liability Partnership (LLP) – With this setup, you can harness the benefits of partnership and corporate structure where partners enjoy limited liability. Furthermore, it does not require a lot of compliance formalities as in the case of a private limited company.
    
5. Sole Proprietorship—As its name reflects, it’s a straightforward business model. The entrepreneur rules over its operations and claims its profits. So, it’s the easiest of all to start and run, but without offering a separate legal recognition from the owner.
    
6. Partnership Firm—This flexible business structure is for those who want to collaborate and share responsibilities and profits together. However, this firm does not need formal registration, but for legal security, it is necessary.
    
7. Section 8 Company—This model is for those who focus on encouraging charity and non-profitable activities like education for social causes. Alongside, it empowers owners with tax leverages and legal privileges. However, the owner cannot use profit for personal reasons. 

Step-by-Step Process for Company Registration in Lucknow

Now that we have explained all types of popular business models that you can choose from, let’s simplify the process through this guide: 

Step 1: Obtain Digital Signature Certificate (DSC)

The process initiates with obtaining a DSC for directors or partners from a certified authority. It is essential to further sign the incorporation document online. 

Step 2: Director Identification Number (DIN) for Incorporation

The company’s directors should have a DIN, which the Ministry of Corporate Affairs (MCA) issues once they submit their identity and address proof. 

Step 3: Check Name via RUN (Reserve Unique Name) Service

For the recognition of the company, a name is a must. It must be unique, which we help you to check through the MCA’s RUN service. This practice will help you to select a unique name for your company.

Step 4: Drafting and Filing Incorporation Documents

Now, you need to prepare for the documentation while compiling these papers together:

• Memorandum of Association (MoA)
• Articles of Association (AoA)
• PAN and Aadhaar of directors
• Address proof of directors
• Registered office address proof (utility bill, rent agreement, or ownership documents)

Step 5: Filing Application for Company Incorporation (SPICe+ Form)

For applying, you need to fill out the SPICe+ form for the registration of the company in Lucknow. Once filled, enclose PAN, TAN, and GST registration number with the application for verification. As it is verified, the Registrar of Companies (ROC) issues a Certificate of Incorporation (COI). 

Step 6: Obtain PAN, TAN, and GST Registration

As every step goes smoothly, you receive the certificate of incorporation. Afterward, apply for a PAN (Permanent Account Number), TAN (Tax Deduction and Collection Account Number), and GST registration for further compliance with the Income Tax department.

Step 7: Open a Business Bank Account

Lastly, open a current bank account in the name of the company for legitimate financial transactions. For it, you need to enclose the COI, PAN, and KYC documents that open the account.

Documents Required for Company Registration

• For Directors/Shareholders:
  • PAN card (mandatory)
  • Aadhaar card
  • Passport-size photographs
  • Address proof (bank statement, electricity bill, or rental agreement)
• For the Registered Office:
  • Ownership proof (sale deed) or rental agreement
  • Latest utility bill (not older than two months)
  • NOC from the owner (if rented)

How Much Does It Cost to Register a Company in Lucknow?

Considering the cost aspect, you should know that it involves documentation fees for the government agencies, documentation, and consulting fees individually.

Want to start your business in Lucknow? Let’s help you to navigate the challenges involved in the company registration in Lucknow. Schedule a consultation with CAAQ Consultancy today for personalized support