Company Incorporation in India- FAQs

One of the best and highly recommended ways to start a business in India is setting up a private limited company in India. This type of company offers limited liability for its shareholders with certain restrictions placed on the ownership. An LLP has partners, who own and manage the business. Whereas in private limited company registration, directors may be different from shareholders.

The First and foremost job to be done is to register the company whatever type it may be in India. The benefits of registering the company are as follows-

  • Shield from personal liability and protects from other risks and losses
  • Attract more customers
  • Procure bank credits and good investment from reliable investors with ease
  • Offers liability protection to protect your company’s assets
  • Greater capital contribution and greater stability
  • Increases the potential to grow big and expand

 

How to register a company online ?

Company registration in India benefits startups since it offers them an advantage over those who have not registered. The whole registration process is complex and involves many compliances. However, here we can help you with every step of the private limited company registration process.

  • Step 1: Obtain DSC
  • Step 2: Apply for the DIN
  • Step 3: Application for the name availability
  • Step 4: Submission of MoA and AoA to register a private limited company
  • Step 5: Apply for the PAN and TAN of the company
  • Step 6: RoC issues a certificate of incorporation with a PAN and TAN

FAQs on private company registration

The registrar of companies (RoC) across India expect applicants to follow a few naming guidelines. Some of them are subjective, which means that approval can depend on the opinion of the officer handling your application. However, the more closely you follow the rules listed below, the better your chances of approval. First, however, do ensure that your name is available.

If the applicant has all the documents in order, it will take no longer than 15 days. However, this is dependent on the workload of the registrar.

These documents contain the rules, vision and mission of your organization, and define, among other things, the exact business and the roles and responsibilities of shareholders and directors.

Yes, so long as the annual compliances are met, the private limited company will continue to exist. If you do not comply with the requirements, it will go dormant, until it is struck off the register altogether.

Yes, a NRI or a foreign national can become a director of a private limited company. He or she must obtain a DIN from the Indian RoC. They can also hold a controlling stake in the company. As long as at least one director on the board of directors is an Indian resident.