Online Company Registration (Detailed Guide)
Have you registered your company? Do you know the process? If not, this blog is for you.
In today’s digital age, starting a business has never been easier. The advent of online company registration has allowed entrepreneurs to register their companies from the comfort of their homes or office. Compared to traditional company registration, online company registration is less complicated and saves time.
Also, the entire process is transparent and entrepreneurs can track the progress of their registration in real-time. This blog- online company registration will explain the detailed step-by-step process of registering your business online.
What is the Step-by-Step Process of Registering a Company Online?
There are two methods of company registration. You can follow any one method. To register your company online, follow the steps below:
- Approval through RUN form route
2. Direct SPICE Route
Method 1: Starting a business using the RUN (Reserve Unique Name) form:
RUN(Reserve Unique Name) form only gives the application two chances. One is the initial submission mode and the other is the resubmission mode.
The name should not be generic and very similar to other company names. A detailed understanding of the name availability policy is that up to 2 names can be applied in one application, and 2 more names can be applied when resubmitting.
METHOD 2: Direct Application –
Register your company directly with SPICE INC -32 and receive a Certificate of Incorporation. The only downside is that you can only use one name and all legal documents must be fully prepared before proceeding.
In the event of a name rejection, a full reissue of all documents including INC-9 (affidavit) and her DIR-2 (directors consent) and all other documents including her NOC of the owner must be created.
Step 1- SPIce (INC-32) is a company registration form.
The SPICe (INC-32) form is used for company registration, so apply for a DSC (digital signature).
Step 2- Upload e-MoA (INC-33) and e-AoA (INC-34) (INC-34)
e-MoA stands for Electronic Memorandum of Association and eAoA stands for Electronic Articles of Association.
Memorandum of Association depicts the main objects for which the company is being formulated.
Articles of association represent the description of the activity as the main business and other activities related to the main business.
Step 3- Application of PAN and TAN
Using this single form SPICe, you must apply for PAN and TAN using Form 49A for PAN and Form 49B for TAN. These forms are automatically generated by the system when you submit a SPICe form.
Step 4- Complete the GST registration form
Apply for GST registration, ESI and PF registration, and company registration using the e-form AGILE (lNC 35). It contains a registration application with the following numbers: GSTIN, ITPFO, and ESI.
Step 5- Complete the application for registration Shop and Establishment Act.
Apply for Shop & Establishment Act registration with your local employment service to ensure your establishment is fully compliant with state labour laws. Apply for professional tax registration with ‘Local Labour’ to ensure full compliance with state labour laws, also known as the PTRC.
Can I Register a Pvt Ltd Company Myself?
Yes, you can self-register a Pvt Ltd company in India as per the procedures and guidelines of the Ministry of Affairs(MCA). However, we recommend that you seek professional help, such as a chartered accountant or company secretary, to ensure that the registration process is completed correctly and smoothly.
Below are the basic steps for setting up a Pvt Ltd company in India.
- Obtain a Digital Signature Certificate (DSC) and Director Identification Number (DIN) for each director of the company.
- Obtain MCA approval for the company name.
- Prepare the company’s Articles of Incorporation (MOA) and Articles of Incorporation (AOA).
- Submit the incorporation application to the Register of Companies (ROC) along with the required documents such as the Memorandum of Association (MOA), AOA, and Form SPICe.
- If the application is approved, the Certificate of Incorporation will be issued stating that the company is duly registered.
How Much Does it Cost to Register My Company Online?
The cost of registering a company online in India depends on several factors such as the company’s authorized capital, stamp duty, professional fees and other government fees. Below is a general breakdown of the costs associated with registering Pvt Ltd company in India online.
- Digital Signature Certificate (DSC) – DSC prices range from Rs. 800 to Rs. 3000 depending on the service provider.
- Director Identification Number (DIN)- The cost of obtaining a Director Identification Number (DIN) is Rs.500 per director.
- Name approval – Company name booking cost Rs 1,000.
- Incorporation Fees – Incorporation fees may vary depending on the company’s authorized capital.
- Professional Fees – Professional fees, such as those charged by accountants and company secretaries, vary depending on expertise and experience.
The overall cost to register an Indian Pvt Ltd company online ranges from Rs. 10,000 and Rs. 15,000 depending on the above factors.
Is it Possible for a Small Company to Get Online Registration in India?
Small businesses in India can operate without registration, but corporate registration is recommended to enjoy certain benefits and ensure regulatory compliance.
Online company registration is an efficient and convenient way to start your business. It reduces the time and effort involved in the registration process by eliminating the need to physically visit a government agency. Entrepreneurs can save on legal fees and avoid paperwork by registering their businesses online.
Additionally, the entire process is transparent and streamlined, allowing entrepreneurs to monitor their enrollment status. Overall, online business registration is an important step in making the process of starting a business easier, more efficient and less stressful.
If you find this post helpful leave your comments below and reach out to our experts at Instafiling to register your company in a hassle free manner.
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