If you want to register your company in Delhi, Bangalore, Mumbai, Chennai or any other Indian city, here is a detailed guide on how you can start a company. Company registration process includes steps from choosing the type of company structure to applying for a certificate of incorporation.
Mandatory provisions to register a company in India have been given under the Companies Act, 2013. Before we move on to the company registration process in India, let’s first understand certain basics.
This article is a comprehensive guide to registering a company in India. It covers the following aspects:
What is a Company?
The meaning of a Company in India is any business, established as an artificial person under the law. A group of individuals form a company with the mutual goal of engaging in business for profits or any other such common purposes.
Registration of a Company in India
Company Registration is a process of incorporating a company and give it a legal status under the Indian law. The legal document called the Certification of Incorporation received at the end of the registration process is the legal proof of the existence of the company.
Any association or company of more than 50 members must be compulsorily registered under the Companies Act or any other India Law.
Failure to do so will go against Section 464 of the Act, and the company will be seen as an ‘Illegal Association’.
Limited Liability Partnership (LLP)
LLP also enjoy limited liability but are registered under the Limited Liability Partnership Act, 2008. The partners are the owners and the management of the company.
What is the Cost for Company Registration?
There is no fixed cost for company registration, and it might vary based on several factors.
Here is a look at the factors that affect the total cost of registration
- RUN Name Approval form
- Government Fees based on the capital contribution
- Stamp Duty which would vary from state to state
- Notarization Cost
- Additional charges for applying for DSCs, DIN, TAN and PAN.
- Professional fees and GST if assistance is taken for a professional for company registration.