Apply GST Registration @199 /- Click here       Apply GST Registration @199 /- Click here      Apply GST Registration @199 /- Click here



Blog
Company registration process of startup
Hemlata Khandelwal / 2021-04-30 10:58:22

Business growth in India has seen a recent spurt and more and more people choose to set up their own business instead of doing jobs. A number of campaigns launched by the Government of India such as the Make in India initiative, Startup India campaign, and Stand-up India have greatly helped in promoting this development. However, the intention of starting a business is just the beginning. Business starters should also know how to achieve a well-known startup status. In this post, we will help you understand the process of registering a startup company in India.
 
Clearly, these methods can be divided into two parts:
  1. Establishing a Business in India
  2. Applying for Startup Status under Startup India Campaign.
 
  1. First Stage: Establishing a Business in India
 The first step is to set up a business. There are five types of formats that you can use to set up your startup business in India. They are:
 
  • Registered Partnership firm registration
  • Limited Liability Partnership Registration (LLP)
  • One Person Company (OPC) Registration
  • Private Limited Company Registration
  • Here is all the process you should adopt for each category:
 
  1. Registered Partnership Firm
To become a registered partnership firm, what you need to do is:
  • Select the name of the firm.
  • Prepare a partnership agreement.
  • This includes the name and address of the firm and partners,
  • Business entity,
  • Details such as capital contribution and the profit-sharing ratio will be included. Get your firm registration with state registrar. To register you will need the following items:
  1. Application for registration.
  2. A certified copy of the partnership name.
  3. Proof of ownership of the place of business or business agreement.
Apply for your company Permanent account number and Tan number after getting the registration. And contact with bank for current account.
  1. Limited Liability Partnership (LLP) registration
How to register your LLP?
  • Apply for a Named Partner Identification Number (DPIN)
  • And Digital Signature Certificate (DSC).
  • Prepare a partnership memorandum and agree on details such as the name and address of the firm and partners,
  • The entity or the business,
  • Capital contribution and profit-sharing ratio.
  • Apply to the Ministry of Corporate Affairs (MCA) with 2-3 name options for the name of the company.
  • Fill in the Incorporation Document, Subscriber Request, and Named Partner details such as their name, address, and consent documents. After inclusion, file the LLP agreement with MCA within 30 days. Next, apply for PAN and TAN for LLP. Now get your Limited Liability partnership registration.
 
  1. One Person Company (OPC) Registration
An OPC is a type of private company considered an organization under the Startup India program. MCA has provided a simple process called SPICE format to register an OPC.
 
Here's how it works?
  • Apply for Digital Signature Certificate (DSC).
  • Apply for the company name in INC-1.
  • Prepare Memorandum and Articles of Association (MOA and AO A). Enter INC Form 32 with MOA and AOA.
  • Allotment of approved company name under INC-1 application
  • DIN Allotment
  • A new company Investment
  • Company PAN
  • Company Tan
Enter the affidavit from the shareholder and also record the consent and identity of the witness and proof of address.
Once PAN and TAN are included, then you will need to open a current bank account.
  1. Registration of a PLC:
How can be register for a PLC?
 
 If there has more than seven shareholders.
 
Note: (If the shareholders are under the number of seven or less than seven, than the application holder needs to use the format of SPICE as prescribed above the formation of OPC):
 
  • Apply for your Digital Signature Certificate (DSC).
  • DIN (apply for it)
  • Go to the MCA site to see the availability of the name and apply with 2-3 options in order.
 Then, the application holder needs to file the INC-2 Form with the Articles of Association (AoA), and Memorandum of Association (MoA), within the sixty days with Registrar of Companies (ROC) of your state.
 After the registration of PLC (Company Registration Online), the applicant need to apply for the company's Permanent Account Number and TAN. If the turnover in the business is expected to be more than Rs 40 lakh, then apply for GST registration number as well.
 
 

Leave your comment



Search
Categories

Copyright © All rights reserved by Legal Salaah | Developed & Maintained by MKS Technosoft