Company Registration is the inclusion of a business into the government’s company register. It is the process of giving your company a recognized identity.
When you are starting a new business venture, then it is mandatory for registering the company through a simple process. If you have the relevant documents, then you can easily register your company online at the MCA – Ministry of Corporate Affairs portal.
Getting by the process of new company registration helps you in more ways than one.
Types of firms
There are various types of business structures in India. Knowing them before you register your business can help you simplify the process. Below is a list of different kinds of firms.
If there is only one owner or promoter, then OPC is the best way to start a company.Introduced in 2013, it allows complete freedom to a sole-proprietor to make decisions in a company’s best interest. Private Limited Company (PLC):
It is one of the medium enterprises which has an investment between Rs 5 crore and Rs 10 crore in machinery and plant. The limit falls between Rs 2 crore and Rs 5 CrorePublic Limited Company (PLC):
It is a voluntary association of members under company law. The liability of its members is limited to the number of shares they Limited Liability Partnership (LLP):
LLP is one of the ways for partners to start a business. The partners are only limited to their agreed contribution
Benefits of New Business Registration
If you have started a new business, then registering the same offers many benefits. Registering a new company makes it genuine and authentic. It also makes the new venture trustworthy in the eye of people, thus increasing your reputation.
Difference between MSME Registration and OPC Registration
What are the required documents for the online registration of a new company?
How to register a startup company in Chennai?
The procedure To register your startup in Chennai is the same as explained in the above sections. In case you need help to register your startup, you can reach out to us. We help you with the following, once you give us the required documents and the discussed payment.
What is the procedure for new company registration online?
According to modified regulations, now startup and business can register their companies online. The Ministry of Corporate Affairs overlooks the company registration process in-line with the laid out rules and regulations. With the new rules of online startup registration, the process of getting your companies registered is more comfortable and smoother than before.
Following below are the steps one needs to take to ensure a smooth registration process:
Applying for DSC (Digital Signature Certificate)
In the age where the government and other companies are trying to shift towards the digital age, DSC becomes necessary to sign documents electronically. So, it becomes one of the basic necessities to register your company online.
Applying for the DIN (Director Identification Number)
Application for business name registration
The process ensures the name of your company is unique to avoid any conflicts that may arise on a later date to miscommunications. It’s better to be safe with a unique name rather than face complications later.
Apply for the PAN and TAN of the company
PAN and TAN numbers play an essential role when you have to file IT returns for your company. Like DIN, PAN and TAN are unique identification numbers to helps you establish a singular identity for your company.
Issued certificate of incorporation by ROC with PAN and TAN
Opening a current bank account on the company name
To enable smooth transactions after starting your business, open a bank account in the company’s name.
The process of company registration is simple and is made online.