How to Register Online New Private
Limited, OPC, or Section 8 Company: A Comprehensive Guide by VGC Consultants
If you're looking to start a new
business in India, one of the first steps is to register your company. Whether
you're interested in forming a Private Limited Company, a One Person Company
(OPC), or a Section 8 Company, VGC Consultants
is here to guide you through the process. Registration but the most popular
type of formation of Company Name Registration / to form a company / to setup a
company is Private Limited Company Registration in Delhi, Gurugram, Mumbai
,Kolkata, Hyderabad, Ahmedabad, Chennai, Bangalore, Jaipur, Chandigarh,
Amritsar, Shimla, Himachal Pradesh, Uttarakhand, Punjab, Sonipat, Haryana
Lucknow, Uttar Pradesh, Bihar, Jharkhand, Jammu and Kashmir and other cities
across India. To register private limited company, there is a minimum
requirement of two directors and the paid up capital. The main benefit to
register a company is that the liability of the directors is limited and
therefore, the creditors can only claim their amount from Company’s assets and
not director’s personal assets. If a non-resident person wants to start a
company, then he/she can do Company Registration and he can also be the
director of the Company. If you want to start a company then make sure your
company is registered as Company Registration should be your first priority
under Ministry of Corporate Affairs (MCA).
VGC
Consultants will assist you in Company Registration in West Bengal and other
Indian metro as well as non-metro cities. We will help you with company
formation procedure and new company incorporation procedure. All the company
incorporation procedure and required company registration documents will be
given to you by our experts. Here's a detailed look at each type of company
registration, the benefits, and the steps involved.
Types of Company
Registrations
1.
Private Limited Company
o
Ideal For: Businesses with high annual sales
and those seeking external funding.
o
Requirements: Minimum of two directors, compliance
with MCA, GST, and Income Tax regulations.
o
Benefits: Limited liability, easy
fund-raising, separation of ownership and management, and perpetual existence.
2.
One Person Company (OPC)
o
Ideal For: Sole proprietors seeking a legal
entity with limited liability.
o
Requirements: Minimum one director and one
nominee.
o
Benefits: Limited liability, less compliance
compared to other types, full control over the company.
3.
Section 8 Company
o
Ideal For: Non-profit organizations aiming for
charitable objectives.
o
Requirements: Similar to Private Limited Company
but focused on charitable purposes.
o
Benefits: Exemptions from certain taxes and
duties, compliance with social objectives.
4.
Limited Liability Partnership (LLP) Company Formation:
· Ideal For: Service-based businesses or
those with lower initial investment needs.
· Requirements: Minimum of two partners;
fewer compliance requirements compared to Private Limited Companies.
·
Benefits: Limited liability, simpler compliance, but cannot offer
ESOPs to employees.
Advantages of
Company Registration
- Easy Fund Raising: Company registration builds
trust and facilitates raising funds through various means like private
equity and Employee Stock Option Plans (ESOP).
- Owners’ Limited Liability: Liability of shareholders is
limited to their shareholding, protecting personal assets.
- Management and Ownership Separation: Efficient
operation with distinct roles for owners and managers.
- Separate Legal Existence: The company operates as a legal
entity, can own assets, enter contracts, and sue or be sued.
- Continued Existence: The company has perpetual
succession, unaffected by changes in membership or ownership.
Documents Required
for Company Registration
- Passport-size photographs of directors
- PAN Card and Aadhaar Card/Voter ID of directors
- Utility bills (Electricity/Water) of the business place
- Property papers or Rent Agreement
- Landlord’s No Objection Certificate (NOC)
Registration Process
1.
Application for DSC (Digital Signature Certificate): Essential for
e-filing documents.
2.
Apply for DIN (Director Identification Number): Mandatory for all
directors.
3.
Company Name Availability: Check and apply
for name approval.
4.
Filing of E-MoA (Memorandum of Association) and E-AoA
(Articles of Association): Necessary for company registration.
5.
Apply for PAN and TAN: Obtain these for tax purposes.
6.
Certificate of Incorporation: Issued by the
Registrar of Companies (ROC) with PAN and TAN.
7.
Open a Current Bank Account: In the company’s
name.
Online Registration
Steps
1.
Visit the MCA Portal: Fill out the required forms and
upload necessary documents.
2.
Submit Fees: Pay applicable fees for
registration.
3.
Receive Acknowledgment: Track the status
through the application ID.
4.
Complete Formalities: Submit any additional documents if
required.
Importance of
Consulting a Professional
Navigating company registration can be
complex. A consultant can provide:
- Expert Guidance: Help in preparing and filing
documents correctly.
- Compliance Assistance: Ensure adherence to MCA rules
and regulations.
- Expedited Process: Accelerate approval and
incorporation.
- Ongoing Support: Updates on new regulations and
assistance with statutory compliance.
Register Your Company Online
In today’s digital age, registering your
company online is both convenient and efficient. By leveraging online
platforms, you can complete the company registration process from the comfort
of your home or office, saving time and reducing paperwork. At VGC Consultants,
we streamline the online registration process, ensuring all necessary steps are
completed smoothly and in compliance with regulatory requirements.
Registered Office: A Key Component
for Your Business
A registered office is a legal requirement
for all companies. It serves as the official address where all communications
and legal notices are sent. Whether you’re setting up a Private Limited
Company, OPC, or Section 8 Company, choosing a registered office that meets
legal criteria is crucial. Our experts at VGC Consultants assist you in
ensuring your registered office complies with all regulations and is properly
documented.
Attracting Startup Investors
For tech startups and emerging businesses,
attracting startup investors can be a game-changer. Investors look for
promising opportunities with strong growth potential. At VGC Consultants, we
help you structure your business and prepare compelling pitch decks that
highlight your unique value proposition, making it easier to secure investment
and support for your venture.
Seed Funding for Startups
Seed funding is often the first crucial step
in turning your startup idea into a reality. This initial funding helps you
develop your product, build your team, and get your business off the ground.
Our team at VGC Consultants provides guidance on securing seed funding, from
preparing your business plan to connecting with potential investors.
Tech Startups: Navigating the
Registration Process
Tech startups have unique needs and
opportunities. Whether you’re developing cutting-edge technology or offering
innovative solutions, registering your tech startup correctly is essential. VGC
Consultants specializes in assisting tech startups with company registration,
compliance, and funding strategies to ensure your business is set up for
success.
Securing Startup Funding
Startup funding is essential for scaling your
business and achieving growth. From venture capital to angel investors, there
are various funding options available for startups. We provide tailored advice
on how to approach investors, prepare funding proposals, and manage financial
aspects to maximize your chances of securing the necessary capital.
Startup India Registration
The Startup India initiative offers numerous
benefits and incentives for new businesses. Registering under Startup India can
provide access to government schemes, funding opportunities, and other support
mechanisms. VGC Consultants guide you through the Startup India registration
process, helping you take advantage of these opportunities and set your
business on a path to success
FAQs
Q. What are the
conditions to incorporate a Private Limited Company?
A. The conditions of
Company Registration or for the incorporation of a private limited company are
that:
1. The number of members must be between
2-200.
2. There must be at least two directors and
two shareholders
3. Each director must have a Directors
Identification Number (DIN)
4. PAN card copy of directors/shareholders.
Passport copy for NRI subscribers.
Q: Can I use a residential address for
registration?
A: Yes, residential addresses can be
used as long as a No Objection Certificate (NOC) is provided.
Q: What are MOA and AOA?
A: MOA defines the company's
constitution and objectives, while AOA outlines the rules for managing the
company.
Q. Are PAN and AADHAR mandatory?
A. No. The Companies (Incorporation)
Third Amendment Rules dated 27th July 2016 has relaxed the mandatory attachment
of proof of identity and residence in respect of a subscriber having a valid
DIN.
Q. Is there a limit on the number of
directors that can use the SPICe+ for obtaining DIN?
A. For the incorporation of the
company, a maximum of three directors can use the integrated form for filing
application for allotment of DIN.
Q. In what circumstances are physical
copies of MOA and AOA required to be signed and attached?
A. Physical copies are needed to be
signed and attached in case non- individual first subscribers are based out of
India, or individual foreign subscribers do not hold a business visa. It is to
be noted that If physical MOA and AOA are filed, then there is no need to
attach eMOA and eAOA.
Conclusion
Whether you're registering a Private
Limited Company, OPC, or Section 8 Company, VGC
Consultants can assist you with the entire process. From documentation to
compliance, we ensure a smooth and efficient registration experience. For more
information, contact us and start your business journey today!