Types Of Company Registrations In India
Type 1: Public Limited Company Registration
Minimum Requirements:
- Minimum 7 shareholders
- Minimum 3 Directors, at least one must be resident Indian
- An ROC approved Name for the Company
- DIN of all directors
- DSC of all promoters
- Registered Office of the Company
Documents Required:
- Promoter’s Documents: Passport-size coloured photographs, PAN, Aadhar, Identity Proof, Address Proof
- Registered Office Documents: Proof of Registered Office Address, No Objection Certificate from Office Premises owner
- Legal Documents: Memorandum of Association, Articles of Association
Stepwise Process:
- Acquire DSC and DIN of all Promoters
- Visit the MCA Website, Login to your account, and access the SPICe Plus / INC 32 Form
- File PART A of SPICE Plus for name approval of the Company to the ROC
- Within 20 days of name approval, file PART B of SPICe Plus for company registration
- Get Company Registration Certificate within 2 weeks
Type 2: Private Limited Company Registration
Minimum Requirements:
- Minimum 2 shareholders
- Minimum 2 Directors, at least one must be Indian Resident Indian
- An ROC approved Name for the Company
- DIN of all directors
- DSC of all promoters
- Registered Office of the Company
Documents Required:
- Promoter’s Documents: Passport-size coloured photographs, PAN, Aadhar, Identity Proof, Address Proof
- Registered Office Documents: Proof of Registered Office Address, No Objection Certificate from Office Premises owner
- Legal Documents: Memorandum of Association, Articles of Association
Stepwise Process:
- Acquire DSC and DIN of all Promoters
- Visit the MCA Website, Login to your account, and access the SPICe Plus / INC 32 Form
- File PART A of SPICE Plus for name approval of the Company to the ROC
- Within 20 days of name approval, file PART B of SPICe Plus for company registration
- Get Company Registration Certificate within 2 weeks
Type 3: One-person Company Registration
One Person Company is a single owner Private Limited Company registered under the Companies Act, 2013. The company has a single shareholder who is entitled to 100% ownership and 100% profit share of the company. However, since OPC is a Limited Company, the liability of the single shareholder is limited to the unpaid amount of subscribed capital only. The requirements to set up a One Person Company is quite similar to that of a Private Limited Company and are mentioned hereunder.
Minimum Requirements:
- One Shareholder who is an Indian Citizen
- At least One Director who is a Resident Indian
- An ROC approved name for the company
- A Registered Office for the company
- DIN & DSC of all directors
- One Nominee, to replace the shareholder in the event of permanent departure
Documents Required:
- Promoter’s Documents: Passport-size coloured photographs, PAN, Aadhar, Identity Proof, Address Proof
- Nominee Documents: Details of the Nominee, Nominee Consent Form INC 3
- Registered Office Documents: Proof of Registered Office Address, No Objection Certificate from Office Premises owner
- Legal Documents: Memorandum of Association, Articles of Association
Stepwise Process:
- Acquire DSC and DIN of all Promoters
- Visit the MCA Website, Login to your account, and access the SPICe Plus / INC 32 Form
- File PART A of SPICE Plus for name approval of the OPC to the ROC
- Within 20 days of name approval, file PART B of SPICe Plus for OPC registration
- Get OPC Registration Certificate within 2 weeks.
Type 4: Section 8 Company Registration
Section 8 of the Companies Act, 2013 mentions provisions to establish limited companies as non-profit organizations, owned by an individual or associations of people. The primary objective of these companies shall be to promote arts, commerce, education, sports, science, research, social welfare, religion, charity, and environment conservation. All the income, donations, and grants that are pocketed by a section 8 Company, must be spent in the promotion of the objects mentioned above.The company can be incorporated and operated as a separate legal entity. Donors to the companies can avail of tax benefits under Sections 12A and 80G of the Income Tax Act.
Documents Required for Section 8 Company License from Central Government:
- Form INC-12
- e-MoA in Form INC 13
- e-AoA in Form INC 14
- Declaration forms 14 and 15
- Estimated income and expenditure for the next 3 years
- Approval/NOC from the concerned authority, the sectoral regulator in the Central or State Government
- Copy of Resolution passed by the board in a general meeting
- Financial statements, board reports and audit reports of past 1-2 years
- Assets and liabilities statement of the company from the RoC.
Other Types of Business Registrations in India
Type 5: Limited Liability Partnership Registration
Minimum Requirements:
- Minimum 2 Partners
- Minimum 2 Designated Partners, at least one must be Resident Indian
- An ROC Approved Name for the LLP
- A Registered Office
- DPIN of all Designated Partners
- DSC of all Partners
Documents Required:
- Photographs, Proof of Identity and Address of all Partners
- PAN cards of all partners
- Passport of the partner, if he is a foreigner
- Proof of address of the Registered Office
- No Objection Certificate from the owner of the Office property
- LLP Agreement, needs to be filed within 30 days after LLP Registration
Stepwise Process:
- Acquire DSC of all Partners and DPIN of all Designated Partners
- Apply for name approval of the LLP in the RUN-LLP Form
- After the name gets approved, visit the MCA Website, login to your account and access the FiLLiP form for LLP registration
- Fill out the Registration Form, Upload all the documents and attach DSC of the authorized designated partner to submit the form.
- Get LLP Registration Certificate within 2 weeks
- Submit LLP Agreement to the ROC in Form 3 within 30 days from Registration
Type 6: Partnership Firm Registration
Minimum Requirements:
- Minimum 2 partners
- A valid and available name for the Firm
- A Registered Office
- A Stamped and Notarised Partnership Deed signed by all partners
Documents Required:
Stepwise Process:
Type 7: Sole Proprietorship Registration
Documents Required:
- PAN card of the proprietor
- Proof of Identity of the proprietor
- Proof of Address of the place of business
Registering your company can be expensive and tedious assuming that you lack the expertise, experience, and knowledge of the necessary procedures. Hopefully, our attempt in this blog to give you a brief information about these procedures can be of some help. You can approach SetIndiaBiz for detailed guidance and thorough assistance. Setindiabiz has been involved in providing years of company registration services to clients from all backgrounds. Our services are fast, inexpensive, credible, and reliable in terms of quality. If you own a startup and are looking for registration services, do check out our services!