How to Register your Dream Company in India Online

Introduction

One of the most widely advised ways to start a business in India is to form a private limited company Online. This sort of business provides restricted responsibility for its stockholders, as well as ownership limits. An LLP is made up of partners who own and operate the company. Directors and stockholders may be different in a private limited company registration.



Advantages of Private Limited Company Registration Online


Limitation of Liability


Because a private limited company is a separate legal entity, the members' liability is limited to their share.


Legal Entity in Its Own Right


A private limited company is a distinct legal entity with complete legal standing to sue or be sued. It functions as a fictitious person who can purchase real estate in its own name.


Availability of Credit


Debentures and investors can both provide capital to a private limited corporation. A registered private limited company is a business entity that attracts angel investors and venture capitalists, allowing them to expand and generate funding for the expansion of their business and firm.


Perform on a global scale

 

Foreign Direct Investment is supported by private limited firms, whereas other types of companies require licensing and clearance from the administration for foreign investments.


Existence indefinitely


A private firm exists for the rest of its life. Private limited corporations are treated as separate legal entities that exist independently of their owners. It means they can't be dissolved or ended because one of their members/directors/shareholders dies, retires, or becomes insane.


Increased Market Value


When you register a company online, it  is considered to be more reliable than one that is not. The Ministry of Corporate Affairs' website provides easy access to information on how to register a private limited company. They are trusted by vendors, suppliers, and investors over other company models. As a result, the company's brand value among customers, other investors, and suppliers increases.


Transferring Ownership Is Simple


In a private firm, transferring stock to new members and issuing new shares is quite simple.


Documents required to register a Pvt. Ltd Company:


There are some documents required to register a company online, the listings of the document are mentioned below.


  • The Articles of Association.


  • Memorandum of Association


  • Declaration by the subscribers and by the directors


  • A confirmation for the address of the office


  • Two months utility bills copy


  • Certificate of incorporation of the Outer Country body corporate [If applicable]


  • A resolution passed by the global Company [If applicable]


  • A recommendation declared by the promotional Company [If applicable]


  • The interest of the directors from other entities [If applicable]

  • Nominee’s assent


  • Identity proof and residential address of the subscribers and the nominees


  • Identity proof and residential address of Applicants


  • The Declaration/Resolution of the unregistered companies


  • DSC (Digital Signature Certificate)


  • Any other document [If required]



Know the full procedure to register company online


  • SPICe+ form is said to dedicate ten services via three central govt ministries and departments, which are the Ministry of Labour & Department of Revenue, Ministry of Finance and Ministry of Corporate Affairs. The new SPICe Plus form is said to save time and has been incorporated for all the new companies from February 23. The other forms that need to be filed along with SPICe+ are AGILE-PRO, SPICe+AoA and SPICe+MoA.


  • Click 'SPICe+' placed under 'MCA Services'.


  • After that, Choose' New Application;


  • For existing applications, you can prefer 'Existing Application', fill in the application number with the proposed or approved name. Click 'Type of Company'


  • Click 'Class of Company' and the 'Category of Company"


  • Click 'Sub-Category of Company'


  • Next, you have to specify the 'Main division of industrial activity of the Company.'


  • Next, you have to mention the 'Main division of industrial activity of the Company.'


  • Next, you have to provide details of the 'proposed or approved name'. Click the 'Auto-check' in accordance with the rules administering the name. Submit the 'Part A' for reservation of name or proceed with the incorporation


  • Part B has different sections for 'check form' for each section. The details required for Registration are as follows:


  • Location of the registered office of the Company


  • Proposed directors and subscribers


  • Resources of the Company 


  • Apply for tax registrations such as PAN and TAN


  • Carry out a 'pre-scrutiny' check. A confirmation is presented upon successful submission of the form.


  • Download the PDF of Part B proposed for affixing the DSC and for filling up any linked forms along with Part B. The forms linked to SPICe+ are AGILE-PRO, SPICe+MoA and SPICe+AoA, URC-1 and INC-9. Part B of SPICe+ and linked forms can then be uploaded to the MCA portal. A Service Request Number is generated for making a payment towards private limited company incorporation. Once the payment is made successfully, the forms will be processed.


  • In a case where the forms need resubmission for any errors being flagged upon processing, the SPICe+ form has to be resubmitted in the same manner.


Capital structure of a company


A company's capital structure mainly falls under these:


  • Authorised Share Capital

The authorised share capital is a part of the MOA of the Company under the capital clause. The amount is generally decided before the incorporation of the company; however, the companies have options to raise this authorised share capital in future.


  • Paid-Up Share Capital


The share capital is the amount for which the company issued shares to shareholders after they have paid to the company. The paid-up capital of a company is always less than or equal to the authorised share capital. Such an amount should be deposited in the company's account within 30 days of allotment of shares. After the Companies Amendment Act 2015, there is no minimum paid-up capital for private companies.


Conclusion


Online company registration will give you protection under the laws. For example, if you register your business under company laws or under LLP laws, then it will protect your business and you also. As you know that company and LLP are separate legal entities so there is limited liability upon you and after registration, your company or LLP can sue or can be sued as it is the separate legal entity. Online Legal India is one of the most trusted platforms and has catered to a lot of clients till now. The consumers are very happy with the service they got from Online Legal India. Our experts will help you  register your company online hasslefree. 
Location: India

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