Complete Guide to Company Registration Services by Lawgical India



Most Important Services of Company Registration in India of Lawgical India

This paper is aimed to establish that an Indian business needs legal and regulatory knowledge before it is established. If you are keen on registering your business as a Private Limited Company, Micro Finance Company or undertaking a Section 8 Company registration, the going can be rough especially if you are unaware of what expectations come with the registration. This is where Lawgical India has its place, as a champion in company registration services including PVT Ltd Company Registration, Micro Finance Company Registration and Section 8 Company Registration Online. In this blog post, we will discuss all types of company registrations, and how Lawgical India can assist you through the procedures.




Why Choose Lawgical India for Company Registration ?

Now before going into the detailed explanation of each of the registration types, it is worthwhile to understand why Lawgical India is your perfect choice for company registration.

Lawgical India is one of the first and best legal outsourcing companies located in India with a focus on company incorporation and CSR. They have a team of proficient professionals who understand all the details of company law and can help the person interested in registration. No matter how many times you are starting a new business neither it matters how many businesses you own, Lawgical India assists you in initiating your company by guiding you at the right time and right way to meet all legal formalities effectively.

1. Private Limited Company Registration (PVT Ltd Company Registration)

In India, a Small business Prefer a Private Limited Company (PVT Ltd) company as compared to other corporate entities. It offers limited liability to its shareholders and hence their personal asset is beyond the reach of this company’s liabilities and responsibilities. Furthermore, the type of structural planning of a PVT Ltd company enables it to access capital more easily and provide for the protection of shareholders’ financial rights.


Key Features of a Private Limited Company:

  • Limited Liability: Shareholders are only legally responsible with the amount of money that they invest in the company.

  • Separate Legal Entity: A company is a legal person with separate juridical personality that is the Company can acquire, possess and dispose property and Can enter into and perform legal transactions with third parties and Can sue and be sued.

  • Easy Capital Raising: Once again it is also very easy to go for funds through equity or through debt.

  • Ownership Restrictions: The number of members in A Private Limited Company can not exceed 200.

PVT Ltd Company Registration Process:

The registration process for a Private Limited Company involves several steps, including:

1. Name Reservation: Choose a better business name and then you have to properly brand it.

2. Obtain Director Identification Number (DIN): Each director is expected to have a proper DIN.A

3. Apply for Digital Signature Certificate (DSC): Actually, it is mandatory to have a DSC at the time of affixing digital signatures in the documents.

4. Prepare MOA and AOA: Draft the MOA & AOA with that contain details of the objective of the firm and rules governing it.

5. File with the ROC: Subsequently, depending on regional jurisdiction submit the registration application to the Registrar of Companies (ROC).

The procedure of PVT Ltd Company has been made very easy by Lawgical India so it saves our precious time and energy. Their legal advisors ensure that all documented works are done appropriately and all pleading is done within the required time frame.

2. How to start a Micro Finance Company


A Micro Finance Company undertakes business directly with those individuals or groups who earn low income or those who cannot approach any commercial banks. Microfinance has been a good revolution useful in promoting enterprise development and improvement in standard of the needy sector of Indian society.


Key Features of a Micro Finance Company:

  • Financial Inclusion: As we have pointed out the key missions are to provide funds, for instance, loans for individuals and organizations that may not be supported effectively by the conventional credit institutions.

  • Regulated by RBI: Firms that engage in microfinance are under regulation of Reserve Bank of India in order to check on how they operate as well as more so, safeguard the financial status of customers.

  • Target Group: Micro finance companies commonly extend operations to low income earners, women and rural dwellers.

Micro Finance Company Registration Process:

Before starting a Micro Finance Company, you have to fulfil some conditions given by the RBI for the registration. After that, the registration process includes:

1. Incorporation of the Company: Initially the company has to be private limited company registered.

2. Obtaining an RBI License: The company has to obtain a license from the RBI that regulates it.

3. Capital Requirements: The company needs to come to RBI standards of minimum capital required for a bank.

4. Operational Setup: You will need to be ready so as to have the infrastructure for rendering microfinance services.

States that Lawgical India provides professional solutions in Micro Finance Company Registration and Councils the legalities brought by RBI. Everything that a microfinance company needs to do in India ranging from acquiring licenses to compliance to financial laws is provided by Lawgical India.

3. This article discusses Section 8 Company Registration Online.

A Section 8 Company is anyhow a form of Non-Governmental Organisation Company in India which is formed with following the objectives of social welfare, education, charity, religious/welfare activities, etc. These are Section 8 Companies, which do not sever profit sharing to its members; any profits that accrue to the Company has to be utilized for charitable purposes.


Key Features of Section 8 Company:

  • Non-Profit Objective: Section 8 Companies are formed for carrying out social, educational or charitable operations.

  • Limited Liability: The Section 8 Company members also have limited liabilities.

No Profit Distribution: The company cannot pay dividends to its members but have to apply the profits for the promotion of the objects of the company.

  • Legal Recognition: Section 8 company has equal status as a normal company to practice but gets relief from some of the provisions of the Companies Act.

Section 8 Company Registration Process:

The process for registering a Section 8 company includes the following:

1. Name Reservation: Choose a good company name and obtain a name endorsement from the Ministry of Corporate Affairs (MCA).

2. Obtain Digital Signature Certificate (DSC): This is required for providing signatures to documents as well.

3. Director Identification Number (DIN): The directors require applying for a DIN.

Prepare MOA and AOA: Prepare MOA and AOA with reference to the non-profit objectives of the company.

4. Apply for Section 8 License: Apply for the Section 8 License with the approval of the MCA.

How Lawgical India Helps:

Lawgical India offers a broad spectrum of Section 8 Company Registration Online services. From name reservation up to filing of the application for a Section 8 license, their legal department sees to it that all legal prerequisites are complied and implemented to protect the corporation from legal problems.


Conclusion

The type of company you decide to start is very important in the success of your business, and at Lawgical India, we can help you with every aspect of registration. Whether it is to register Private Limited Company, Micro Finance Company or Section 8 Company, Lawgical India will take care of all your legal and compliance requirements without any hassle or inaccuracy.

They have a professional staff who removes most of the legal hurdles hence help you manage what you do best, expand your enterprise. If you are at crossroads on where to have your company registration done, then Lawgical India is the place to be.

If you’re ready to register your company, give Lawgical India a ring and set the ball rolling to having your business up and running!


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