Online Registration of a Company in India

Starting a business in India is quite easy, with new regulations passed by the government of India. However, you still have to follow a strict process for doing company registration in India. Thanks to some companies that are offering online registration services to business aspirants. They can easily complete their company registration process without much hassle.  

While planning to register a business, it is always a better idea to hire a reputed registration company or a business consultant in India. These consultancy firms or companies offering registration services have seasoned experts that can do your tasks without much trouble. However, it is important for you to know the entire process of company registration in India. Below is the complete process of the online registration of a company in India.   

Read more: How Foreign National’s and NRI’s can Perform Company Registration in India

Procedure for the Company Registration in India  

At first, you have to select four unique names for your company. You can give names as per your choice. The registration entity will provide you the name which is available. The names you are going to select must contain at least two words; the first would describe your business name, and second would describe the nature of your business.   

Apply the name selection with an e-form 1A (General Rules and Forms) together with a fee of Rs 500. If the applied name is available, it will be registered for you, but if it is not available, then you will have to apply for a different name.   

Once the name is approved, you can apply for registration through e-forms 1, 8, and 32. You must do this within 6 months of your name, getting your approval.  

Now you have to prepare the Memorandum and Articles of Association by the solicitors and get them stamped with the appropriate stamp duty. You must get them signed with at least two subscribers.  
 
Pay the registration fee and filling fee.   

Now make the following arrangements of documents:  

1. Memorandum of Association and a duplicate duly stamped.  
2. Articles of Association and a duplicate duly stamped.  
3. An original and a photocopy of the agreement between the partners (if any) describing their posts and responsibilities in the company.  
4. Power of Attorney (if you have any) 
5. A copy of the letter regarding the availability of the registrar of companies.  
6. E-Form no.1, 18, and 32.  
7. Receipts of payment of registration and filling fees.  
8. Get the certificate of incorporation of the Registrar of Companies. They will verify your documents, and once it gets verified, your company will be incorporated. The date mentioned in the certificate will be the date of your company registration.  

Once it’s done, the company can start its business immediately under Section 149 (7).   

Now you must have come to know how to register a company in India, so let’s further look at its benefits.   

Benefits of Doing Company Registration in India?

Company registration in India is an act of registration of your business with the Indian government. Company registration is the first thing one needs to do while starting his/her business.  

Legal Existence – Company registration helps the government to know that your business exists legally, and it is not illegal. If a company is not registered in India or any other country will be considered illegal. 
 
Easy Loans – Doing company registration helps in getting loans and be part of other government business schemes that can be helpful for business growth. It also gives a license to the business owner to run his/her business legally in any county or state of the country.   
 
Low Risk – When you start a business and run it as a sole proprietor basis, you are at a high risk of using your personal assets for your business. If you face loss, you will be at high risk while selling the property, too. If you make any mistake, then you will be personally liable for the same. So, if you register your company, it is an easy way to keep your business separate from personal assets. Debts on the company will not be attached to you.  
 
Minimize your tax liability – Depending on the profits your business earns; you can pay lesser taxes as compared to the sole proprietorship. As a sole trader, you will be charged with taxes only on the basis of your individual income. In addition to this, you will also have to pay taxes for advertising, education, and training also repairs and maintenance.  
 
Low chance of conflict with co-founder – By registering your company, you can avoid conflicts with the co-founder. Your company’s co-founder will know the share of his/her investment in the company. If at all any dispute arises, shares can be withdrawn as per the share allocation decided at the beginning.    
 
Legitimacy and brand awareness – If your company is registered legally, it will give a clear indication, and it will also be a part of legal business. Also, this will help you in brand awareness as people will talk about it. If you wish your business to grow, you must have a proper structure in place, which you can get only with proper registration of your business.    

Tecnova is one of the best and most trusted business consultant in India that offers its clients with best business consultancy services. It’s also an India entry consulting firm with 35 years of experience in the business. It has helped numerous global businesses with the company registration process and in setting up their business in India with customized India-centric products and services.