New Company Registration (Guide 2023)
Are you a person with creative ideas and innovation? Have you given thought to monetize your creativity? If not, it’s the best time to think in that way. You can start your new company and register it. New Company registration is not rocket science. It is an easy process if you have all the required documents handy.
You can run your company and get benefits only when you register it under ROC. Read more to get a better understanding of your new company registration.
Once you decide to start a new company, you must also figure out what type of company suits your business. Let’s learn about the various types of company structures available.
Types of Business Structures
Business comes in various forms and types. You can select which suits you best and start the same. Ask for suggestions and recommendations from loyal people and choose your best one.
The various types of companies available are:
- Limited Liability Partnership – It suits you if you focus on services or require little investment.
- One-Person Company – If you are the only person who runs the company. This type limits your liability.
- Private Limited Company – This type suits you if you have a high turnover.
- Public Limited Company – It is for companies with increased turnover.
Figure out which type of business structure suits you and aim to start a company in that format. Your company registration process also depends on the type of your company.
So now, how do you register your new company online? Are you familiar with those processes? Don’t worry. We are here to shed some light on how you register your new company.
How Do I Register My New Company Online?
Online registration of your new company becomes easy nowadays. Once you prepare and have all the necessary documents handy, registration becomes an easy process. You must follow four simple steps to register your company online.
Step 1: Digital Signature Certificate(DSC)
You may require Digital Signature Certificates to file the forms on the MCA portal. As the entire registration is online, Digital Signature Certificates are proof of credibility. It is mandatory for all the directors and subscribers of the Memorandum of Association (MOA) and Articles of Association (AOA).
You can obtain DSC from government-recognized certifying authorities. You can also obtain DSC online.
Step 2: Director Identification Number(DIN)
Director Identification Number is the specific number given to the directors of your company. So, the person who is the director of your company must obtain the Director Identification Number. You can obtain it while filing your company registration form. You may receive DIN for a maximum of three directors. In case the company needs more directors, you can appoint them after its incorporation. .
While registering, you must have only three directors and get DIN for them. SPICe+ is a web-based company registration form, through which you can receive DIN online.
Step 3: Registration on the MCA Portal
You must fill out the SPICe+ form and apply it in the MCA portal online. The director of your company must register in the MCA portal first. After registration, you can log in and obtain access to the MCA portal services, including filing e-forms and viewing public documents.
You must also reserve your company’s name with two or more additional names. The reservation of your company name is essential because if there are already existing companies or firms in the quoted name, your application may get rejected.
Suppose your application gets rejected; you must re-file your SPICe+form for registration. Once you submit your DSc, DIN, and all other required documents online, registration on the MCA portal completes successfully.
Step 4: Certificate of Incorporation
As you submit the registration application in the MCA portal, the Registrar of Companies will examine the application. Upon successful verification of your application, the ROC will issue the Certificate of Incorporation for your Company.
Your Incorporation certificate comes with PAN and TAN as allotted by the Income Tax Department. You will also receive an electronic mail with the Incorporation Certificate along with PAN and TAN.
So, congrats on registering your new company. Follow these four easy steps and register your company online without much hassle. What next? As you see, you must submit the necessary documents while filing your application. What are they?
What Are the Documents Required to Register a New Company?
The general documents you require to register a new company are:
Documents of Directors/Shareholders of the company
Identity Proof of Directors/Shareholders. ID proof may be any of the following.
- Pan card
- Aadhar card
- Driving license
Address Proof of Directors/Shareholders. It may be any of the following.
- Latest telephone bill (not older than 2 months)
- Latest electricity bill (not older than 2 months)
- Bank account statement having an address.
DIN (DPIN in case of LLP) and DSC of all the directors (partners in case of LLP)
Documents of the company/LLP
Address Proof of the registered office of your company. It must have the below documents,
- Tenancy/rental agreement between your landlord and company/LLP
- Letter or NOC from the landlord of his permission to use the office/premises as your company’s registered office.
- Sale deed of the company/LLP office premises in the name of the company/LLP
The Memorandum of Association (MoA) contains the objects of your company for which the company is about to incorporate and the liability of the company members.
The Articles of the Association (AoA) lays down the by-laws on which the company will operate.
These are the documents you require while applying for your company’s registration process.
FAQs: New Company Registration
What is the minimum amount required to register a new company in India?
The registration fees of your new company vary depending on the capital of your company. It may vary from Rs.6000 to Rs.30000 depending on the number of directors, number of members, share capital and professional charges. For small companies based on the authorized capital, the registration fees include:
Capital Registration Fees
Under Rs.10,00,000 Rs 2,000
Rs 10,00,000 to Rs 50,00,000 Rs 2000
Rs 50,00,000 to One crore Rupees Rs 1,56,000
Above One crore Rupees Rs 2,06,000.
These are the amounts you require to register your new company online in India.
Who is the best service provider for registering a new company?
Several private consultancies help in registering your new company. Instafiling is India’s leading compliance services platform. We provide the best offers and services to register your new company under ROC. You need to prepare the necessary documents and carry on with your work. We take care of the entire registration process and follow-ups. It will take nearly 7-10 days to register your company. We closely follow up with officials and complete your registration within the stipulated time at an affordable cost.
As you can see from the above article, you can register your new company in simple.
steps and make your dream come true. You can register your company easily online if you have all the necessary documents handy. However, you must register your company under ROC to prove the existence of the company. ROC comes under the Ministry of Corporate Affairs and follows the guidelines of the Government.
Are you looking for some help to make your new company registration process a hassle-free one? Instafiling is always here for your rescue. Feel free to contact us.
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