Company Registration online

Why to Choose WAG CONSULTING GROUP ?
  • Register your business online quickly
  • Hassle -free Online Company Registration process
  • No office visit required
  • End-to -End tracking of application and compliance under expert supervision

Get Company Registration online at just Rs 6999/- only

Topics Covered

A precondition for Company Registration

Company Registration Steps

Company Registration Essential Documents

Company Registration Benefits

Frequently Asked Questions

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Company Registration / Company Incorporation

  • When any entity/startup that wants to do a business operation in India gets registered with the Government of India, it is called Company Registration.
  • Company Registration means the formation of a legal entity recognized as a person under the prevailing law.
  • It can be in any form that may be in business, a startup, a non-profit organization, Micro small or medium enterprise.
  • After delivering various documents to the Registrar of companies, they will enter the company's name in the Company's Register. And issue a certificate of incorporation.
  • After delivering various documents to the Registrar of companies, they will enter the company's name in the Company's Register. And issue a certificate of incorporation.
Preconditions for Company Registration
  • Availability of Unique Name: The name of the business entity must be unique and distinct from others in the market
  • Capital: Authorized capital must be a minimum of Rs 1 lakh.
  • Office: There must be a Registered office for company registration.

Company Registration Steps

  • APPLICATION FOR NAME AVAILABILITY :
    This application for name approval has to fill in form SPICe 32 with Registrar. If the proposed name is available with the Registrar of Companies, the name is then approved. MCA has issued a web-based application named RUN (Reserve Unique Name), which simplified companies name approval process.
  • OBTAINING A DIGITAL SIGNATURE CERTIFICATE(DSC):
    At least one of the directors must obtain DSC. This certificate is essential as we do all online registration processes, so the certificate serves as proof of the individual's identity to access and sign documents digitally.
    Types of DSC are:-
    Class 2:     For the verified identity of the person.
    Class 3: For proof to present himself/ herself in front of the Registration Authority.
  • CREATE CHARTER DOCUMENTS (MOA & AOA):
    MEMORANDUM OF ASSOCIATION:     This document contains the necessary details of the company required at the time of Company Registration. It lists the powers and objectives of the company and its relationship with outsiders. It cannot be amended.
    ARTICLES OF ASSOCIATION: Rules and regulations designed by the company are in this document. The document contains details of laws that will govern the company, its management, internal affairs, and conduct. It can be amended retrospectively.
  • OBTAINING DIRECTOR IDENTIFICATION NUMBER (DIN):
    DIN is issued to the Director of the company. For availing, DIN proposed Director should fill SPICe form. DIN contains details of name & address proof of Directors.
  • APPLICATION FOR COMPANY REGISTRATION:
    FORM is to be filed with the Registrar in whose jurisdiction Registered office of the company is there.
    E- form SPICe (INC-32) along with E-form INC-33(MOA) and E-form INC-34(AOA). MCA introduces sPICe form INC- 32 for electronic Company Registration. This single form allows for Reservation of name, application of DIN, and incorporation of the company

    Documents containing MOA, AOA, directors details, identity proof, address proofs to be submitted with INC-32, which is further processed by MCA Central processing center. If the application is approved, CIN (CORPORATE IDENTITY NUMBER) is allotted along with PAN, TAN, and DIN to directors.

    The Applicant for company registration has to get FORM INC-32 digitally signed by Chartered Accountant, Cost Accountant, Company Secretary, or advocate who declare that all information in the form is correct.

Company Registration - essential documents

The persons whose name is to be mentioned in the Articles of Association (AOA) & Memorandum of Association(MOA) of the company, their KYC documents are required along with address proof of office address.

  • Documents of Directors and or Nominee(Individuals):
    - Documents of Directors and or Nominee(Individuals)
    - Passport size photograph
    - Aadhaar card
    - ID proof: Out of the following anyone
    1. Driving License
    2. Voter ID
    3. Passport
    - Address proof: Anyone from below documents
    1. Electricity/water bill
    2. Phone / Mobile bill
    3. Bank Statement

    Important points:
    1. The documents must have the name and address of Director/ Nominee
    2. The bill must not be more than two months old
    3. The bank statement can be an online statement or passbook, but the transactions in them must not be more than two months old.

    ALL THE DOCUMENTS MUST BE SELF ATTESTED
  • Documents when stakeholder is Body corporate:
    - PAN Card of Company
    - Letter of consent / Board resolution
    - Anyone of the following for Address proof
    1. Electricity Bill
    2 .Phone/Mobile bill

    ALL THE DOCUMENTS MUST HAVE ROUND SEAL AND SIGNATURE OF AUTHORISED PERSON

Benefits of Company Registration

  • Separate Legal identity
  • Tax benefits
  • Can procure funds/investments for doing business
  • Protected Liability or Limited Liability
  • Helps in expansion
  • Increases authenticity of the business

Frequently Asked Questions (FAQ'S)

  • Is physical presence required during company registration?
  • No, all is the online process for Registration of the company.
  • What is the cost of registering a company in India?
  • The cost of Registration varies as per form of the company you want to incorporate.
  • How can a Private Limited company be formed?
  • Step 1: Obtain DSC & DIN
    Step 2: Name availability
    Step 3: MOA & AOA
    Step 4: Form SPICe INC-32
    Step 5: PAN and TAN applications
  • What is the timeline for Company Registration?
  • All process generally takes around 10 -15 working days
  • What is the minimum capital required to form a private limited company?
  • The minimum capital to form a private limited company is Rs 1 lakh as per Companies Act,2013.
  • What happens if the proposed name as desired by me is already taken?
  • If another company already takes the proposed name, then you have to choose a new name.
    A fresh application is required for the new name.
  • Can a foreign national be a director of a Company?
  • Yes, as per  Indian law, a foreign national can be the Director of a company. For these, he must fulfill all conditions in Act. One of the most important is the allotment of DIN (Director Identification Number)
  • Can company registration be done on our own?
  • Yes, you can complete all documentation of the company registration by yourself. However, it is advised to take the help of professionals as it is required that certification of CA, CS, is required in the form of incorporation of the company.
  • Which form of entity is favorable to start a new business?
  • The choice of business form depends on capital resources, ownership resources, and expansion resources.
  • What is DIN?
  • DIN is a director identification number, which is a unique number allotted by MCA on the application of individuals to be directors in any company.
  • What is Authorized Capital and Paid-up capital?
  • Authorized capital is the maximum amount of money that can be raised by the company at present or in the future by issuing shares.
    Paid-up capital is the actual amount raised by the company.
  • Can a Private company carry multiple businesses?
  • Yes, a Private limited company can carry multiple businesses if the same is written in the company's MOA and approved by Registrar.
  • What are the benefits of Private Limited company registration?
  • Separate Legal identity  
    Limited liability
    Various opportunities
    Ease in the transfer of shares
    Distinction between management & Owners
  • What is the SPICe+ form?
  • Simplified proforma for incorporating a company electronically. It is an advanced version of the SPICe form, which comes into effect from 15th February 2020. It connects three central ministries and provides ten essential services that are required for Registration in India.