Registration Rocket
Company Registration/KYC
Company registration/KYC in India establishes a legally recognized business entity. It involves verifying identities, ensuring compliance with regulations, and setting the foundation for legitimate operations.
Company Registration in India
In India, company registration, also known as incorporation or business formation, establishes a distinct and legally recognized entity. This process is governed by the Ministry of Corporate Affairs (MCA) under the Companies Act 2013. Many aspiring entrepreneurs in India dream of starting their own business, and company registration is a crucial step in achieving this goal. By incorporating a company, individuals can launch their businesses legally and efficiently, paving the way for growth with the added benefits of government support and assistance.
Steps to Register a Company in India:
1. Choose a Company Name: The company name must be unique and not already in use by another company. You can check the availability of a company name on the Ministry of Corporate Affairs (MCA) website or consult your Service Relationship Manager (SRM).
2. Apply for a Digital Signature Certificate (DSC): A DSC is a digital signature used to authenticate electronic documents. You can apply for a DSC through your SRM.
3. Apply for a Director Identification Number (DIN): A DIN is a unique identification number assigned to each director of a company.
4. Prepare the Necessary Documents: The required documents vary depending on the type of company you are registering. Common documents include the Memorandum of Association (MOA), Articles of Association (AOA), and a list of directors and shareholders.
5. File the Incorporation Application: Once all necessary documents are prepared, submit the incorporation application through your SRM, who will process it further.
6. Obtain the Certificate of Incorporation: After the Registrar of Companies (ROC) approves your application, you will receive a Certificate of Incorporation, proving that your company is legally registered.
Types of Companies in India
1. Private Limited Company: This is the most common type of company in India, with limited liability for its members. Requirements:
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- At least two directors and shareholders (individuals or corporate bodies)
- DSC and DIN for each director
- Registered office address in India
- Proposed name for the company
2. Public Limited Company: Open to the public, this type can raise capital by issuing shares. Requirements:
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- Minimum of three directors and seven shareholders
- DSC and DIN for each director
- Registered office address in India
- Proposed name for the company
3. One Person Company (OPC): Suitable for single ownership with limited liability. Requirements:
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- DSC and DIN
- Registered office address in India
- Proposed name for the company
4. Limited Liability Partnership (LLP): Combines features of a company and a partnership with limited liability. Requirements:
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- At least two partners (individuals or corporate bodies)
- DSC and DIN for each partner
- Registered office address in India
- Proposed name for the LLP
5. Section 8 Company (Non-Profit Organization): For education, social welfare, and charity, reinvesting profits for its objectives. Requirements:
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- Two or more members and at least two directors (all individuals)
- DSC and DIN for each director
- Registered office address in India
- Proposed name for the company
6. Producer Company: Formed by farmers or producers for production, procurement, and marketing activities. Requirements:
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- Minimum five and maximum fifteen directors
- At least ten producers
- DSC and DIN for each director
- Registered office address in India
- Proposed name for the company
7. Nidhi Company: A mutual benefit company involved in borrowing and lending among members. Requirements:
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- Seven or more members
- At least three directors (all individuals)
- DSC and DIN for each director
- Registered office address in India
- Proposed name for the company
8. Foreign Company: Incorporated outside India but operates within India following specific rules and compliance requirements. Requirements:
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- At least two directors (one Indian, one foreign)
- At least two shareholders (one Indian, one foreign, with 51% or more shares held by the foreign company)
- DSC and DIN for each director
- Registered office address in India
- Proposed name for the company
Conclusion
Choosing the right type of business entity depends on your specific needs and requirements. If you are unsure which type is best for you, it is advisable to consult your SRM for guidance.
Document Required
Company Registration (Gov Fees Extra)
Company Registration (Gov Fees Extra)
Name approval for LLP, Private Limited, and OPC (RUN Form), including government fees.
COMPANY CONVERSION (OPC TO PVT LTD AND VICE-VERSA)
OPC Registration + 2 DSC (Gov Fees & Third Party Charges Extra)
COMPANY CONVERSION (OPC TO PVT LTD AND VICE-VERSA)
Nidhi Company Registration + 2 DSC (Government fees and third-party charges extra)
Nidhi Company Registration + 2 DSC
(Government fees and third-party charges extra)
Section 8 Company Registration + 2 DSCs (Government Fees & Third-Party Charges Extra)
Section 8 Company Registration + 2 DSCs
(Government fees and third-party charges extra)
Company KYC (Active Form) INC-22 (Gov Fee Extra)
Company KYC (Active Form) INC-22
(Government fees extra)
LLP Formation + 2 DSC (Gov Fees & Third Party Charges Extra)
LLP Formation + 2 DSC
(Gov Fees & Third Party Charges Extra)
Frequently Asked Questions
Find answers to common questions about our services.
What is company registration?
Company registration, also known as incorporation, is the process of legally establishing a business entity, giving it a recognized status under the law.
What does KYC mean in the context of company registration?
KYC (Know Your Customer) in company registration involves verifying the identities of the company's directors and shareholders to ensure compliance with legal and regulatory standards.
What documents are required for company registration in India?
Common documents include the Memorandum of Association (MOA), Articles of Association (AOA), identity and address proof of directors, and a Digital Signature Certificate (DSC).
How do I check the availability of a company name?
You can check the availability of a company name on the Ministry of Corporate Affairs (MCA) website or consult your Service Relationship Manager (SRM).
What is a Digital Signature Certificate (DSC) and why is it needed?
A DSC is a digital equivalent of a physical signature used to authenticate electronic documents. It is necessary for filing electronic documents during company registration.
What is a Director Identification Number (DIN)?
A DIN is a unique identification number assigned to each director of a company, used for tracking their involvement in various companies.
How long does the company registration process take?
The process can take anywhere from a few days to a few weeks, depending on the complexity of the application and the efficiency of document processing by the MCA.
Can a foreign national register a company in India?
Yes, foreign nationals can register a company in India, but they must comply with specific rules and provide additional documentation, such as proof of address and identity verification.
