Process For Company Registration in Mumbai


The method for company registration is the most important component of operating a business in India. This procedure contributes to the legitimacy of the company. Choosing a business form to incorporate is thus a critical business choice. To improve the 'Mode of Doing Business,' the Government of India has made company registration an online procedure. However, there are certain considerations that businesses must examine and be aware of before beginning the registration procedure. 

Understanding the Concept of Company Registration in Mumbai

Mumbai is India's second-most populous city, after only Delhi, and therefore is home to thousands of industries of all types. It is also India's financial, entertainment, & commercial capital, as well as one of the world's most important financial centres. From the RBI's headquarters to the SEBI, everything is in Mumbai.

The company registration in Mumbai follows the requirements of the Companies Act of 2013 & provides entrepreneurs with restricted liability. The Maharashtra Registrar of Companies has offices in both Mumbai & Pune. Here's a basic rundown of the areas within their purview. RoC Pune is in charge of the business incorporation process in the districts listed below:

Kolhapur

Pune

Ahmednagar

Sangli

Ratnagiri

Satara

Sindhudurg

Sholapur

Meanwhile, the RoC in Mumbai oversees and monitors company formation in all other districts. The Registrar of Companies, the Ministry of Corporate Affairs, & the Central Registration Centre control and process the procedure.

Eligibility Criteria for Company Registration in Mumbai

The eligibility criteria that are required for company registration in Mumbai are:

  • To register a private limited corporation, at least two shareholders must sign the Articles of Association and Memorandum of Association. A private limited business must also have at least 2 directors. Furthermore, only persons can be named directors in a business, & at least 1 director must be an Indian citizen.

  • All online filings made through the MCA's portal must be authorised and signed using a Digital Signature Certificate.

  • The directors must come up with a proper business name before registering the firm. The selected name must adhere to the business naming standards outlined in the Companies Act of 2013.

  • There is no lowest paid-up share capital required for company registration in Mumbai. The minimum authorised capital is INR 1 lakh. However, the processing or registering fee will be determined by the amount of cash you raise.
  • If you want to finish the business incorporation process in India, you will need to create a registered office address for your firm. Entrepreneurs must use this address for any formal communications.

Documents Required for Company Registration in Mumbai

The documents that are required for company registration in Mumbai are listed below:

  • Form INC-32: Simplified Proforma for Electronically Incorporating a Company Application Form
  • Forms INC-33 & INC-34: e-Memorandum of Association & e-Articles of Association are also available.
  • Form INC-9: Directors' Declaration
  • Form DIR-2: all directors' permission
  • Directors' DIN and Digital Signature Certificate
  • Photos of the directors  
  • Proof of company location address
  • If the premises are rented, a NOC from the owner is required.
  • All directors must provide documentation of identity and address, which may include any of the following:

  1. Aadhaar card 
  2. PAN card
  3. Driver's licence 
  4. Voter identification card
  5. The passport 
  6. Utility bills must be no more than three months old.
  7. Passbook or bank account statement

Conclusion

Mumbai is India's second-most populous city and is home to thousands of enterprises of all types. It is also India's financial, entertainment, & commercial capital, as well as one of the world's most important financial centres. From the RBI's headquarters to the SEBI, everything is in Mumbai.


Location: India

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