What is the Procedure for Company Registration and Formation in India?

Having an outstanding plan and execution idea and willing to register your startup company? You must comply with company law and never-ending legal compliances in India to register a new company. Hiring a start business consultant helps you to satisfy all prior and post requirements of opening a company and authorize in the India official book under Corporate Affairs (MCA). Other registration Digital Signature Certificate (DSC), filing for an e-form, and Director Identity Number (DIN). The integration of a private limited company is directed as per the Companies Act 2013. Startup consulting and finance company like ASC Group helps the company to comply with all legal compliances and ensure the operation and success of the company smoothly.

The minimum requirement for the Private Limited Company

• For a Private Limited company, the company must have at least 2 Directors
• Association of at least 2 Shareholders 
• The minimum capital in the company account must be Rs. 1,00,000/-
• Should have DIN (Director Identity Number) for both Directors
• You must have Digital Signatures for all Directors
• Proof of Registered Address
• NOC from the owner of the premises

The company registration procedure can be divided into the following steps:

• Obtain Digital Signatures: One of the directors should apply for the DSC (Digital Signature Certificate), necessary to file the business registration documents. 
  • Application for DIN in the form DIR-3: Director of a company must apply for an application for allowance of Director Identification Number in form DIR-3 to the Central Government in such form.
  • Choose a company name: Select a suitable name for your company of more than four indicative. Make sure your company is completely different as compared to other registered companies. Your company name should not violate the Emblems and names under the prevention of company Act, 10950. 
  • Drafting AOA & MOA: Drafting of Memorandum and Articles of the company by the solicitors and obtaining ROC. You need to provide information like father’s name, address occupation, and the number of shares subscribed, etc.
  • Filing required forms in ROC:  You must file for various forms of ROC comprising Residential Proofs, Identity Proofs, copy Registrar of Companies letter, intimating, e-Form No. 1 with authorized stamps, etc. to register your company. You also require document substantiating payment of approved filing fee and registration. 
  • Verification of ROC forms and attachments: You need to scrutinize and verify the documents/forms/attachments once you are prepared to send for a company registered at the secretarial office to avoid glitches and also to suggest necessary changes as required.
  • Issue of ROC Certificate of Incorporation: Once you have complied with all legal procedures and the registrar is satisfied with the documents you have provided, your company will be registered under company law and issue a certificate of incorporation within the said time limit.