Company registration in India is the first step in establishing your business. This is essential for entrepreneurs and companies hoping to function within the Indian legal system. There are various advantages to registering a company in India, including the separation of legal entities, simpler funding options, and a better reputation in the business community.
When it comes to register a company in India selecting the right company structure, is a crucial step in any business-related activity. The right business structure helps your business run smoothly and meet the required objectives.
Registering a company in India makes you eligible for various tax benefits, such as business expenditure deductions, lower tax rates, and specific exemptions that reduce your overall tax liability and increase profitability.
We will connect you with our senior management, who have years of experience in registering a company in India. From company secretaries to incorporation specialists, our portal offers all the experts you need.
Registering company in India builds trust among partners, suppliers, and consumers. It shows your commitment to professionalism and compliance with legal requirements.
With the help of our professionals, starting with the DSC, PAN, and DIN, we will ensure that all the documents are properly well maintained during the registration process.
In India, there are various types of companies you can register in India, private limited companies, one-person companies, limited liability companies, public limited companies, and many more.
The duration of registering a company in India process depends on entity type, the completeness of the documentation, and government processing time. Generally, it takes 15 to 30 days to complete the registration formalities.
To register a company in India, specific documents are necessary: PAN card, Aadhar card, Memorandum of Association (MOA), Articles of Association (AOA), and Registered office address. For more inquiries, connect with us at info@kdpaccountants.com
Selecting a company name that is unique and compliant with regulatory standards can be tricky. The name must not be identical or similar to existing company names and should also align with branding goals. Names that violate the Names and Emblems Act and those that imply official sponsorship are not permitted to register a company in India. Check that it is not the same, similar, or deceptively identical to the names of existing businesses, LLPs, or trademarks (national or international).
The main object of the company reflects the main business activities of the company. While investing in India, many sectors are FDI-prohibited, such as gambling and betting, chit funds, real estate business, manufacturing of tobacco products, and lottery businesses.
Some jurisdictions require a minimum amount of capital to be deposited before you try to register a company in India. Meeting these financial requirements can be a hurdle for new businesses with limited funds.
While registering a company in India, the company needs a fixed place of business. A utility bill is also one of the main critical documents to choose. A recent utility bill (2 months or older), a lease agreement, and an NOC from the property owner are mandatory documents for company registration. Sometimes a registered owner refuses to provide an NOC of the premises, which is also one of the issues in the company registration process. A premises situated in a mall or sub-letting property is also one of the issues.
Private limited companies must have a minimum number of directors and shareholders. Ensuring that these roles are filled correctly and legally can be challenging, especially if you’re not familiar with the requirements.
Each director must acquire a DIN, a unique identifier obtained through an online application with the Ministry of Corporate Affairs (MCA), which is required for director identification in official documents. For a director who holds a DIN, it is mandatory to file a DIR-3 KYC every year for activation of his/her DIN.
While registering a company in India, the company needs a fixed place of business. A utility bill is also one of the main critical documents to choose. A recent utility bill (2 months or older), a lease agreement, and an NOC from the property owner are mandatory documents for company registration. Sometimes a registered owner refuses to provide an NOC of the premises, which is also one of the issues in the company registration process. A premises situated in a mall or sub-letting property is also one of the issues.
For identity proof: In the case of foreign nationals, a passport is mandatorily required as proof of identity. The passport needs to be notarized or apostilled in the nation where it was issued.
Address proof: In addition to the notarized or apostilled passport copy, the proposed director must submit an address proof that is also notarized or apostilled. The address proof must show the director’s name as in the passport and their current address. Further, the document must also not be older than 1 year for foreign nationals. The following papers are acceptable address proof for foreign nationals. Driving License, Residence Card, Bank Statement, A government-issued form of identity containing the address.
In case the document is in a foreign language, then it must be translated by an official translator to English and notarized or apostilled. Further, if the passport does not contain the date of birth of the holder, then an additional document indicating the date of birth of the director must be provided, duly certified, attested, notarized, or apostilled.
The Assessing Office (AO) code is assigned by the income tax department and designates the jurisdiction of the Assessing officer who will handle the company's tax matters. The challenge lies in correctly identifying and selecting the appropriate Assessing office code, as it is based on the company’s registered office address and jurisdiction.
At KDP Accountants, we guide you through the process of Company registration in India, including company setup in India, with our qualified professional foreign company advisors. Our clear price structure, preparation of required documents, and timely updates on the registration process are all benefits to businesses. While focusing on accessibility and technology, we enable businesses to complete the company registration process and allow them to focus on their core operations with assured legal compliance.