How to Companies are registered online in India: a full guide.
There are several legal and compliance requirements that accompany the start of a new business, which is an exciting process. Online company registration in India is one of the most important processes that entrepreneurs and startups must follow nowadays. Government under pressure to go digital has made it easier, faster, and more transparent to register your business than at any time before. Being a novice businessman, or a successful person, who intends to expand your business online, you can save time, effort, and unjustified expenses by knowing how to make the company registration online.
We will address in this blog all you need to know when
registering your company online, the benefits, eligibility, the documents
needed, and why using expert online platforms such as Lawgical India can make
the process a breeze.
Why Online Company registration?
Previously, it took a lot of paper work and physical trips
to government offices and hours of waiting to establish a company. This has
changed today with the introduction of the online
company registration in India system, introduced by the ministry of
corporate affairs (MCA). All registration can be done online at the comfort of
your office or home.
The key advantages of using the Internet to register a
company are:
·
Venience:
There is no need to be physically present or do paperwork, the process is
entirely online.
·
Transparency:
You can monitor your applications online in real time.
·
Accelerated
Process: Under digital verification, time spent registering a company has
decreased tremendously.
·
National
Accessibility: Initially entrepreneurs anywhere in the country can be registered
without having to pay a visit to a regional office.
·
Professional
Advice: You receive complete professional assistance to prevent errors with
such websites as Lawgical India.
Company types that you can
incorporate online.
In company registration online in India, one should select
the type of business entity, depending on the objective. The most popular ones
are as follows:
·
Private
Limited Company: The best option when a business is being started and has
already obtained capital, limited liability, and easy access to funds.
·
Limited
Liability Partnership (LLP): It is most suitable in situations where the
professional or small time business owner is concerned and he has no clue that
he will be having a limited liability.
·
One
Person Company (OPC): This is the best fit when an individual would prefer
to have the characteristics of a private company with one owner.
·
Public
Limited Company: It is the best when the company aims to fund the company
by encouraging the populace.
The needs of every entity type are varied and, therefore,
the assistance of professionals such as Lawgical India will help you determine
the best one to adopt.
Process of Online company registration in India is step-by-step.
This has been made easier by the MCA through the SPICe+
(Simplified Proforma to Incorporating Company Electronically Plus) form. Here's
how it works:
1. Buy Digital Signature Certificate (DSC):
All the directors or shareholders should possess an
electronic signature (DSC).
2. Submit application of Director
Identification Number (DIN):
A special identification of directors, now done directly via
SPICe+.
3. Name Approval:
Register your company name with the help of the RUN (Reserve
Unique Name) service or SPICe+ form. It must be a one-of-a-kind name according
to MCA rules.
4. Documents of Incorporation: Filing:
Provide SPICe+ and e-MoA (Memorandum of Association) and
e-AoA (Articles of Association).
5. PAN and TAN Allotment:
You additionally get PAN and TAN with SPICe+.
6. Cert. of Incorporation:
After this is approved, you will get a digital Certificate
of Incorporation and the official birth of your company.
The following are documents that are needed to register the company online.
The following is a brief list of documents you will need:
·
PAN Card of all the shareholders and directors.
·
Passport/Voter ID/Driving License or Aadhaar
Card.
·
Passport-sized photographs
·
Provide evidence (bank statement/utility bill)
·
Evidence of registered office (rent
agreement/ownership proof with utility bill)
·
Digital Signature Certificate (DSC).
With such documents at hand, it may be in your favor to
expedite registering your company online in India.
Online Company Registration Cost/Timeline.
Priced-based on the kind of entity you are incorporating and
the number of directors/shareholders. Typically, it takes an online company
7-10 working days to be registered, as long as the documents submitted are
correct. When using a professional service, it is more likely that the approval
will go through without rejection because of a minor mistake.
Do we have any reason to select Lawgical India to register a company online?
Things are not as easy on a sheet of paper as the process
might seem; thus, lots of applications are delayed or rejected because of
filling out the forms wrongly, using the wrong documentation, or not following
the rules of naming. That is where Lawgical India comes in.
At Lawgical India, we provide:
·
Professional
Advice: What business model to select.
·
All-In-One
Support: Since the collection of documents till the final certificate
delivery.
·
Cost
effective: Fair packages with no undercover.
·
Paperless
Filing: Please, do not complain about waste of time because of wrong or
absent filing.
·
Dedicated
Support: 24/7 support until you are registered.
We strive to simplify, make quick and cheap online company
registration in India to startups, entrepreneurs and businesses of all sizes.
Final Thoughts
In the digital-first era, digital company registration is no
longer a mere formality to establish a reliable business. The benefits of a
registered company are that it has legal status, people can trust it, borrowing
becomes easier, and it is sustainable in the long run.
When you decide to become an entrepreneur, Lawgical India
can be the initial step. Our team of experts will make the process of online
company registration in India stress-free and easy.
You don’t want to start your business on the wrong
foot--because a good base makes a successful future.
Planning for a company new registration? Our experts make the process fast and simple, guiding you through documentation, compliance, and approvals to get your business started with ease.
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