Do you want to startup registration in Gurgaon with the help of the registration process?
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Are you a starting a business and want to register a company in India? Well, we will tell you the essential procedures to consider. There are some formal steps that a company must follow. The steps help to register them in the Indian official records. The MCA (Ministry of Corporate Affairs) defines the online registration process. He did this a few years ago.
Keep in mind that you do not need to go to the company office. You can apply for registration online at your home. We are here to guide you through obtaining a legal license to start your company. Some crucial elements are included in the registry, and the rules must be followed. It also contains some registrations like filling out an electronic form. It also includes a Digital Signature Certificate (DSC) and a Manager Identity Number (DIN).You must know the basics first: 1. What is a company, and what does a private or public company mean?
India covers around 7 Lakh registered companies. However, thousands of companies apply every month. Hence, a corporation is a legal entity. However, Section 3 of the Companies Act has something to say. According to the law, the corporation means the formation of a legal entity. This unit is registered under the Companies Law of 1956. The Ministry of Corporate Affairs issues a statement. It states that the statutory registrar of companies registers business for the state. The law considers two types of firms called private and public. “Limited” is a common term in companies. The word is pasted at the end of the company name, and the company will soon be registered. Hence, you need to know what these public and private companies are. Then you need to decide how you want to register your business.2. For company registration, each organization will have the following two options:
- Public company
- Private company
The main differences between above two terms are as follows:
A private company requires at least two directors. A public corporation requires a seven-member board of directors.
The private companies consist of only the majority of the 50 members. However, a public company can have as many members as you like.
Personal work can start as soon as possible. A public company can start a business after obtaining a certificate to start a business.
A private business should not sell its stake to anyone. They shouldn’t make any calls about the commercial part. However, a public company can invite people to participate in business shares. They can do this by issuing a prospectus.
A private company may have managers but at the other side it must have at least three directors.Here are the four significant steps that provide seamless company registration in India:
- Receive a digital signature certificate (DSC)
- Receive a Director Identification Number (DIN)
- Fill out an electronic form or register a new user
- Incorporate your business
You must register to operate your company without any legal problems. India is a country full of opportunities. Regardless of the industry in which your business operates there are chances of success always high. Your business steps need a head start. Starting a new venture in India will give you immense success. Follow this blog carefully. Keep reading until you understand the registration process.
There are the following four steps to registering your new company in India:Step 1: Get a Director Identification Number (DIN)
This is the most critical stage in the registration process. Every manager in the company must have his ID number. According to the Amendment Act 2006, every manager must have a DIN. Every current and aspiring director should have their own DIN. To obtain a DIN, one needs to fill out an E-Form DIN-1. The DIN-1 form can be found on the official website of the Ministry of Corporate Affairs.
You must first register yourself on the MCA website and provide the login ID. You will soon complete the DIN-1 form, which you will have to download by clicking on the Upload Electronic Form button. You are required to pay the applicable fees there.
After creating your DIN, you will need to have information about a DIN. A manager can report a DIN to the company using the DIN-2 form.
The company must then notify the Registrar of Companies (ROC). All managers have information about DIN through the DIN-3 form.
Is any change needed? The manager must then process the changes by submitting the electronic form, Form DIN-4.Step 2: Get a Digital Signature Certificate (DSC):
You must ensure the security and correctness of the documents. To do this, the Information Act 2000 requires a valid signature of documents. The signing of electronically submitted papers must be accurate. Only companies designated by the Controller of Certification Agencies (CCA) can obtain a Digital Signature Certificate. Any other unacceptable agency should not accept DSC. However, it is illegal to use other DSCs as their own or use counterfeiters.
Do you already have your digital signature? Then you do not need to apply for a new one. But be sure to verify that your digital signature is correct. DSC agencies issue validity for one to two years. After it expires, you will have to renew it.Step 3: Create Your Account on MCA Portal – Register a New User
It is about registering your company online with a user account on the MCA portal for electronic form submission. This account helps you as a registered business user to pay online fees for various transactions.Step 4: Apply for company registration This is the last and necessary step. Contains:
Form-1A: This is a request form for the availability or change of company name. Once you apply for a new name, it will suggest four forms of your company name. You can choose one and submit the form.
Form-1: This is a company-specific application form, where you have to write the name of the same company you selected on the application Form-1A.
Form 18: This form contains a new status notice of the company. It also involves changing the status of an already registered office.
Form 32: For a new company, this form contains information on hiring a new director, a secretary and directors. This form involves changing the manager, secretary, director, or company head for an existing company. Therefore, Mumbai law firms can help you fill the form correctly.