The new company registration process involves a decision about the nature of the company and the business structure. Options include registering a partnership, private limited company, public limited company, LLP or any other form of business. Once the business structure is finalized, the next step is to determine the appropriate and available name. Prepare necessary and necessary documents such as articles and memorandum of association. These documents contain the rules and regulations relating to the basic conduct of the company as well as relevant details about its shareholders and directors.
Online company registration
New company registration through online is the process of adding a new company / organization. Online company registration can be done for start-up, micro or medium business or non-profit organization. The merger of companies is regulated by the Ministry of Corporate Affairs (MCA) of India through the Companies Act, 1956, 2013 and other subsidiary bills, laws and regulations. There are various important services and protections offered by MCA to shareholders in Company incorporation. So it is advisable to register a company before starting any business or making any investment. There are multiple types of company registrations with different types of benefits.
Documents needed for business incorporation
- Memorandum and Articles of Association.
- Legal statement of compliance.
- Details of shareholders, directors, secretaries etc.
- Certificate of Identity.
- Registered office condition.
- Consent to act as a director and a statement of disqualification to act as a director.
Business incorporation procedure
Visit the website of the Ministry of Corporate Affairs for company formation
To start the process of registering the business online, applicant needs to go to the Ministry of Corporate Affairs website. On this website, there are two forms needed to identify. One is called DIR3 and the other is called DSC. Fill out these two forms, and then one can apply for a DIN online.
When filling out these forms, keep in mind that there are some documents that applicant will need as they need to be submitted. These documents include address, current occupation, passport and educational qualifications. Applicant must also send passport size photographs.
Applicant will then need to register for the Digital Signature Certificate, also known as DSC. Without DSC, applicant will not be able to apply for registration online. As with the DIN, applicant needs the documents to file for the DSC. These include passport, proof of address, passport size photo, educational qualifications and current professional documents.
Prepare the application for business formation
Once when applicant needs to submit DIN and DSC, applicant should proceed with the rest of the preparations for the application. Applicant should start by filling out the electronic version of Form 1A. This form is related to the company name. Although some people believe it is better to send 6 people, the applicant should send them at least 4 different company name options. Names are approved by Rock based on their availability and whether they are appropriate.
RoC may take up to 2 days to respond. When applicant fills this form, you have to pay a fee. Once the name is approved, applicant must file for registration with the company within the following 6 months. If applicant waits too long, then there will need to restart the process.
Draft MoA and AoA for company incorporation
The next step is to create a Memorandum of Association (MoA) and Articles of Association (AoA). These are legal documents and one can contact a lawyer to file them. The MoA lists the company’s diverse business objectives. AoA lists the day-to-day operations of the organization and its management details. Each document must be signed by two people from the organization. The witness must be present when the signing takes place.
When these documents are created, one needs to send them to RoC so they can review it. It approves the documents RoC, then one has to print them so that can notarize them. Once that is done, can file them with the remaining documents needed to register the business. Once all this is done, one will have to pay the registration fee so that the business can be submitted for registration. Applicant must register in the state where you work. As soon as it is done, and can start running your business.
Benefits of company registration
The simple and complex company online structure provides with the framework needed to get the business on the right track. If applicant is trying to make the company details visible to the net, it will take more time than having the best company practices or achievements, impressive website layout and even the most competitive employees. It is still true that some creativity and resources are needed to keep things going. Yes, they are calculated, but in the end it will be needed a stronger foundation to make them work.
Trying for an application to register the company online setting is painless and airy – the after-effects are a very important part of the deal. There are many services available on the internet and you can be sure that will get the tune-up you need as long as one knows the first basic steps of setup. Company registration online setting will not only take the business to the next level, it will also benefit customers and online marketers to get the most convenient services from the business.
Online company registration establishment
The establishment of an online company completely eliminates the need to wait in long queues at crowded registration centres because the whole process can be accomplished online and with a few mouse clicks. Secure and fill out the online order form with the required information such as preferred company name and valid business address, owner name, date and address, office holder information and shareholder details. Online company registration is the fastest, easiest and cheapest way to mobilize legally recognized entities. Also provides help and advice to get started. Online Company Registration Services where one can approve a company within one day after submitting the registration form. The main advantage of online registration is that one does not have to appear before the Advocate of the Peace and the Attorney General of Justice to sign a statement on Form 12. Hence company registration through online is nowadays desirable.