Company Formation in India requires some groundwork. There are two basic options to start a business – private company formation in India or government registered company formation in India. Both these methods require careful planning and documentation to facilitate registration, finance and management of a new company. Each method has pros and cons, which should be carefully studied and weighed before selecting a particular method. Company Formation in India services offered by various agencies to help entrepreneurs understand their legal requirement, conduct the necessary documentation and process for registration and company formation in India.
RegistrationsIndia.com provides valuable assistance for startup companies. They help prepare the Memorandum and Articles of Association, draft the Memorandum of Association and register a company name with the Registrar of Companies (ROC). The consultancy also helps prepare the Articles of Association and registers the company name with the Registrar of Companies Office. The Registrar of Companies Office normally accepts the Companies Registration Certificate from the consultancy, following standard processing. Most of these Companies’ Consultancies have local contacts with the relevant authorities. You can also learn how to register a private limited company in India here.
Registration of Indian Private Companies: According to the Companies Act, every company needs to be registered to run its business affairs and obtain legal rights. To register a company, the statutory authority may require information like the director’s name, date of birth, address, designation, shares owned, nominee director, and others. RegistrationsIndia help entrepreneurs understand their legal requirement, conduct the necessary documentation and process for registration, finance, and management of a new company.
Consultancies offer valuable assistance to solve all the problems associated with the development of a new pharmaceutical manufacturing facility as well, right from feasibility to planning, operations to business strategy and finance.
Managing and Investing in an Indian Private Company: Indian company formation in the country has proved to be quite an easy affair for investors as the government has provided many conducive measures for smooth functioning. According to the latest business scenario, India ranks third amongst developed countries for its ease of doing business. There are several reasons behind this rank such as the following – low cost of doing business (about 40% less from European and Asian countries), liberal tax policies, huge capital market, and a supportive economy. All these factors make doing business in India a profitable option for foreign companies as well.
Registration of New Companies: . You can move on to the next stage of the process of company formation in India. The next important document that you will have to procure is the ‘Articles of Association’ along with Memorandum of Association. These two documents are the most important only legal documents that are needed to register your company at the office of the Registrar of Companies. If these documents are drafted properly , your company will not be registered and it cannot do business in the open market. The Ministry of Corporate Affairs can reject the formation of a company if the MoA and AoA are not as per the regulations.
The next stage in the startup company registration process in India is to fill in the mandatory registrations form and submit it to the concerned authority. Depending on the type of company you are establishing, the formalities may differ slightly. You can check out the website of the Registrar of Companies for a detailed list of all the formalities that are needed to register your business. After submission of the registration documents you will have to wait for some time till the entire process is completed. After the registration process, you will receive a mail from the Registrar of Companies confirming your company details alongwith Permanent Account Number and Tax Deduction account number.
Company Formation in India is very simple and hassle free. This is mainly because all the formalities are done online. So there is no need of personally coming to the office of the Registrar of Companies. The registration process in India is one of the fastest in Asia and the European region. All the requirements are easily accessible and a company can start trading immediately after registration.