Business is a vast space today. Several companies are competing against each other at all times. If you’re looking to compete amongst the best, launching a company is recommended. However, there are different types of company compositions. To run a successful business knowing how to register a company in India is essential. Without registration, your company is not legally valid. Let’s take a look at the registration process of a company in India.
The Types of Companies
Different company structures can be used to set up a business. The first type is a one-person company. In this structure, there is a sole proprietor who runs the company. This allows businesses with one person to be a part of the corporate framework.
The second type is a limited liability partnership. All partners in such a partnership have a legally binding contribution amount. They are liable for their parts only. The third type, a private limited company, is different. These companies are separate legal entities from the founders. The stakeholders and directors of the company are regarded as the employees of the firm.
The final type is public limited. Incorporated under company law, it is a voluntary association of members. Its legal existence is separated like Private Limited structures.
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Process of Registering a Company in India
If you’re looking to register a company in India, you’ll need to acquire four essential documents. The following documents are:
- A Digital Signature Certificate: This is the electronic equivalent of a company certificate. This certificate is legal proof of your company’s existence. It is essential during private limited company registration.
- The Director Identification Number: DIN is an 8-digit unique identification code for directors. Each director has a DIN that corresponds to the director’s database. This number has lifetime validity.
- Registration on MCA Portal: Registration on the MCA portal is essential. This step links your DSC to your DIN. It allows for verification of your certificate.
- Certificate of Incorporation: A certificate of incorporation contains the name, purpose, and address of your company. In cases of private limited company registration, it may also enumerate the number of shares, rights of each share class, etc.
If you want to know how to register a company in India, we recommend contacting a legal firm. They have experts who can help you through the process.
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How to Find a Good Legal Firm?
Company registration is a complex process. There are a lot of nitty-gritty details to be taken care of. The best legal services firm can assist you in registering your business with ease. They can help find the best lawyers who are experienced in the domain! You can also get free legal advice from such firms.
If you want to jump straight into the world of business, get your company registered today. Contact a legal services firm with extensive knowledge regarding the domain. They’ll be able to guide you on which structure is appropriate. Go online and set your business up today!
