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Company Registration in India
COMPANY REGISTRATION PROCESS IN IBNy- HarsDhit ShaIrmAa AUTHORITY AND LAW WHICH GOVERNS COMPANY REGISTRATION IN INDIA COMPANIES ACT 2013: A BRIEF OVERVIEW The Companies Act, 2013 passed by the parliament has received the assent of the President of India on August 29, 2013. The act consolidates and amends the law relating to companies. The Companies Act, 2013 has been notified in the official gazette on August 30, 2013. Some of the provisions of the act have been implemented by a notification published on September 12, 2013. DOES COMPANY REGISTRATION IN INDIA DIFFICULT? Company’s Registration in India nowadays, have become a toddler’s task. This is because of the advent of new registration process, as well as, with the aid of Private Limited Company registration online. Company’s registration online process has helped the common people to establish their own enterprises without any stress of paying incorporation charges. NEW REGISTRATI ON PROCESS FOR COMPANIES IN INDIA LIST OF DOCUMENTS REQUIRED FOR COMPANY REGISTRATION IN INDIA •Original copy of formal letter issued by ROC regarding availability of Company name •DIN of all those directors of a proposed company •DSC - Digital Signature Certificate •Form-1 for incorporation of a company •Form-18 for situation or address of the proposed company •Form-32 for particulars of proposed directors, managers and secretary PROCESS OF COMPANY REGISTRATION IN INDIA Acquire Digital Acquire Create an Incorporate or Signature Director Apply for the Certificate Identification account on MCA portal company to (DSC) Number (DIN) be registered STEP 1: ACQUIRE DIGITAL SIGNATURE CERTIFICATE (DSC) You must obtain the digital signature certificates from government recognized certifying agencies which can be accessed on the following Link: http://www.mca.gov.in/MinistryV2/certifyingauthorities.html STEP 2: ACQUIRE DIRECTOR IDENTIFICATION NUMBER (DIN) The image is taken from Quickcompany only for illustrative purposes. STEP 3: CREATE AN ACCOUNT ON MCA PORTAL Registration shall be done on this link: http://www.mca.gov.in/mcafoportal/l oadUserRegistration.do?link=loadUs erRegistration STEP 4: INCORPORATE OR APPLY FOR THE COMPANY TO BE REGISTERED CONCLUSION New process of Company Registration has achieved significant compliances reduction by depreciating various forms for name approval, DIN application and incorporation application while improving ease of using SPICe form and RUN form. Previously, the drawback of using SPICe form was that, professionals were unable to obtain prior name approval and were forced to redo all the documentations upon rejection of the choice name by the MCA. But now, a web-based form for name approval called RUN is introduced, which have simplified as well as removed all the cons of using SPICe form. Therefore, company registration was never easy ever before, but with the advent of these modifications, the coming years will be full of start-ups that too in the form of Companies and not in any other business organisation’s face.
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