Company Registration

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Company Registration is easy when done by setindiabiz, for the first time register your startup company sitting at home. Our dedicated team will help you to register your company across India. We will extend our support in documentation, preparation, filing and subsequent Follow-up with ROC.

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Company Registration

Company Registration

Well, to register a company in India, first check your eligibility and required documents, then understand the detailed stepwise procedure which is followed for registration of a private limited company in India. A Company is a favorite form of business for Startup India, where the most important benefit is the concept of limited liability to its shareholders. The Banks, Financial Institutions, and Angel Investors Invest only in a Company form of business. Hence we strongly advise registering a company for your business. The Foreign Direct Investment is allowed under Automatic Route and no Prior Approval is needed.

Company Registration

Eligibility To Register Private Limited Company

Minimum Two Person

Minimum Two Person

A company can be registered in India, by at least two persons, who shall act as the directors/shareholders of the company. The maximum number of shareholder is 200 and company can have up to 15 directors.

Resident Director

Resident Director

One director of the company must be resident in India. A person is said to be resident if he or she stays in India for at least 182 days during the preceding financial year irrespective of their citizenship. The days of stay can be in phases.

Capital Requirement

Capital Requirement

Invest as per requirement of your business, and there is no minimum capital requirement as such to be maintained in the company. However, the government fee on company registration is calculated on the capital

Unique Name of Company

Unique Name of Company

The proposed name of the company should not resemble any existing company or LLP. Further you must check the trademark registry to ensure that the name does not match with any registered or applied trademark in India.

Company Registration @ Rs. 6,899/-(Pack includes our Prof Fee of Rs. 2,999/- Plus Govt Fee, Tax and Other Exp of Rs. 3,900/-)
  • Digital Signature for Two Promoter
  • DIN for Two Promoter
  • Name approval of the company
  • MOA & AOA for the Company
  • Certificate of Incorporation (COI)
  • PAN & TAN Number for the Company
  • Bank Account Opening Support

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Documents Required for Company Registration

  1. Two Colour Photographs of Promoters
  2. PAN Card of Each Promoter
  3. Identity Proof (Voter ID / Driving License/ Passport)
  4. Address Proof (Bank Statement / Electricity, Mobile, Telephone Bill)
  5. Proof of Registered Office
  6. Utility Bill as proof must be Latest
  7. NOC from the owner of the premises

Company Registration Process

1. Digital Signature

As the application for Company Incorporation is filed online, the process starts with the issuance of Digital Signatures of class two.

2. Company Name Approval

The Company name must be unique and should not be the same or similar to an existing company, LLP or a trademark.

3. Company Incorporation

One single application (spice 32) is filed for incorporation of the company. with the approval of this, the Certificate is Issued.

4. PAN, TAN & Bank Account

The IT Department allots PAN & TAN, which is mentioned on the certificate of incorporation. Next is Bank A/c opening.

Don't Miss This Opportunity! Start Your Own Company @ Rs. 6,899/-

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Frequently Asked Questions

What documents are accepted as Identity Proof of Promoters?

For incorporation of a company under the companies act 2013, anyone from below list of the document is accepted as Identity Proof.

  • Passport
  • Driving License
  • Voter ID Card

What documents are accepted as address proof of promoters?

Any one document from below list of documents is considered as address proof for incorporation of a company in India. The document for address proof of the director or shareholder should not be older than two months.

  • Bank Statement or Passbook with the transaction entry
  • Electricity Bill in the name of the promoter
  • Telephone bill, or any other Mobile Bill
  • Utility bill in the name of promoters like Gas Bill

What are the forms on which director or shareholder have to sign for incorporation of the company?

For company incorporation following are the forms on which promoters need to sign, All the forms need to be printed on plain A-4 size paper. The sign with a blue ink pen.

  • DIR-2, Consent from all the director DIR-2, Consent from all the director download DIR-2 word | Create Online Create Online Dir DIR-2
  • Declaration of Promoter - Non-Deposit Download Declaration of Promoter Non-Deposit Pdf download Declaration of Promoter Non-Deposit Word | Create Online Create Declaration of Promoter
  • INC-9 A Declaration under Companies Act 2013
  • Subscriber Sheet of MOA & AOA

What are the documents required as proof of the registered address of the proposed company?

Every company need to have a registered address, following are the list of the document which can be considered as proof of premises where the registered office of the company is situated. The premises proof should not be older than two months.

  • Electricity Bill
  • Gas Bill
  • Telephone Bill
  • Mobile Bill
  • NOC from the owner

What is NOC from the owner, is there any format for the same?

Before a company occupies any premises as its registered address, a no objection certificate must be obtained from the owner of the premises. The NOC need to be obtained on plain paper.

Download sample NOC letter from the owner of premises Download NOC Sample Word

Can co-working office space/ shared office/ Virtual Office address be registered office address of the company?

A registered office is required to be maintained by the company under section 12 of The Companies Act 2013, which must be capable of receiving and acknowledging all communications and notices as may be addressed to it. Further, the statutory records of the company also need to be maintained at the registered office address of the company. Hence having registered office address at coworking space is not acceptable unless this is a lockable area.

Is there any different procedure or documentation for a promoter who is a foreigner or a foreign company?

Yes, the entire process and documentation are different for a company with foreign shareholding. We have a separate team who takes care of Foreign Direct Investment (FDI) Cases. You may navigate to the relevant page for more information on FDI or how a foreign corporation can open an office/ company in India.

What is the meaning of Limited Liability in Company?

Limited Liability implies that the owners or shareholders of the company are not personally liable to pay debts of the business. They are only responsible for the unpaid shares of the capital of the company. To qualify, the shareholder needs to comply with all laws and pay taxes on time.

What are the most significant characteristics of the corporate form of business?

Apart from the concent of Limited Liability as explained above a company have following significant features

  • The company will continue to exist, no matter how many directors, officers, and shareholders join or leave.
  • A Company can Sue and be Sued in its name.
  • A legal entity like a company has a separate identity from its owners or shareholders.
  • Not only the companies receive financial assistance from banks and financial institutions but also enjoys an advantage of borrowing funds.
  • Like a person a private limited company can purchase, sell, own, possess, enjoy and transfer property rights to anyone in its name.


Check advantages and disadvantages of Common Business Entity Types

  • +
    Separate legal entity
    • A Company is a separate legal entity separate from its promoters
    • An OPC is a separate legal entity separate from its promoters
    • An LLP is a separate legal entity separate from its promoters
    • A Partnership is a legal entity but not different from partners
    • The proprietor and the proprietorship business is the same thing
  • +
    Limited Liability
    • Shareholders of a Company are bound to pay only up to the capital they have subscribed to the company.
    • In OPC, unlike a proprietorship, the shareholder cannot be asked to pay beyond his subscribed capital
    • The partners of an LLP can be called upon to pay only up to the amount of capital they subscribed to.
    • There is no protection of limited liability, even the personal properties of partners are at risk for losses of business
    • The proprietor is the whole sole of the business, and his liability to the debts or losses of proprietorship is unlimited.
  • +
    Number of members
    • A Company can be opened with at least two people. However, the maximum number cannot be more than 200
    • In the case of OPC, Only one person can be a shareholder. He would be required to appoint a nominee.
    • With two partners an LLP can be incorporated, there is no limit on the maximum number of partners
    • A Partnership firm can start with a minimum of two partners, the, however, the maximum number is capped at 20
    • Only one person is required for proprietorship, also known as proprietor.
  • 2 - 200
  • 1
  • 2 - unlimited
  • 2 - 20
  • 1
  • +
    Number of Directors /DP
    • A company can be opened with at least two and a maximum of 15 directors. The same person can be a shareholder as well as director
    • At least one person must be appointed as director of the company. The shareholder and director may be the same person
    • The minimum two designated partner is required in an LLP & there is no limit to the maximum number.
    • There is no separation of ownership and management in case of a partnership. All partners are equally responsible for the conduct of business.
    • In case of a proprietorship, the proprietor is solely responsible for the conduct of business.
  • 2-15
  • 1-15
  • 2 to unlimited
  • Not Applicable
  • Not Applicable
  • +
    Foreign Investment (FDI)
    • Foreign Direct Investment in case of a Private Limited Company is available under the automatic route.
    • FDI is not allowed in One Person Company
    • FDI in LLP Is permitted subject to prior approval from the central government
    • FDI is not allowed in Partnership Firm
    • FDI is not allowed in proprietorship Business.
  • +
    Ownership Transfer-ability
    • The shareholding of a Pvt Ltd Company is easily transferable
    • OPC Shares can be transferred to new shareholder along with the nominee
    • In LLP share of a partner can be transferred with the consent of all other partners.
    • Not Possible, every admission or removal of partner amounts to the new firm.
    • Not Applicable
  • +
    Perpetual Existence
    • A Company exists beyond the life of its owners /shareholder. After the death, the shares transmits to legal heirs
    • OPC Continues to exist even after the death of its only shareholder, as it passes to the nominee.
    • The LLP also have perpetual existence and exists beyond the life of the designated partner
    • No perpetual existence, with the death of a partner, the partnership ends.
    • No perpetual existence, with the death of the proprietor, it ends.
  • +
    Tax Benefits
    • The company tax rate is flat at 25% on its profits
    • The company tax rate is 25% on its profits
    • LLP Income Tax Rate is 30% on its profits
    • Partnership firms are taxed at 30% on its profits
    • For a small business with low turnover, there is the benefit of individual tax slabs
  • Effective
  • Effective
  • Low
  • Low
  • Good
  • +
    Statutory Compliance
    • The company is required to file an annual return, balance sheet to ROC and ITR around the month of September
    • OPC is required to file an annual return, balance sheet to ROC and ITR around the month of September
    • LLP have to file an annual return in form 11 and financial statement in Form 8 and ITR
    • Only ITR is to be filed
    • ITR is required to be filed if the taxable income is more than 2.5 Lac
  • High
  • High
  • Low
  • Minimum
  • Minimum
  • Formation Cost
  • 6,899/
  • 6,299/-
  • 6,699/-
  • 5,999/-
  • 2,499/-

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