Do you know How To Register A Company In India? If no, then this article is for you. The Companies Act 1956 sets down rules for the establishment of both public and private companies. The most commonly used corporate form is the limited company. A company is formed by registering the Memorandum and Articles of Association with the state registrar of companies of the state in which the main office is to be located.
This was impossible a few decades ago, but India has gone 90 percent digital and therefore online company registration is made easier. Every document can be filed electronically, and there is no need for people to visit the place of business registration in India.
Before you Register, You need to have the following documents:
Once you have these , you can approach any chartered accountant for a registration certificate and you are good to go.
If you have decide to have partners in your business, the easiest way to go ahead with is to create a partnership firm. All you need is a partnership deed, which is an agreement between the partners. This agreement will contain all the duties and obligations between the partners and how profit will be shared.
You can Register the partnership firm Indian Partnership Act, 1932 but it is not mandatory and is at the discretion of the partners.
LLC s are not liable for business debts like other business structures, and these have limited life. The paperwork in LLC is much lesser as compared to other registrations. This makes LLC more flexible and easier to form.
It has a minimum of two and a maximum of 200 members. A s the name suggests , it cannot raise funds from public, which means the company cannot publically issue the shares. There is no paid up capital required now to set up an LTD.
To avoid messing up with the name of your company , take into consideration the following points before registering the company name: