Company Registration in India

Here's What You'll Need

Registering your company online in India is easy with just a few clicks. To guarantee that your papers are always secure, Zolvit implements the greatest security protocols available in the market.

• • Proof of identity and address
  • A scanned copy of your passport or PAN card (foreign nationals & NRIs)
  • Voter ID, passport, or driver's licence scan
  • A scanned copy of the most recent utility, phone, or bank statement
  • A sample signature and a passport-sized photo
  • Proof of registered office
  • Copy of a rental agreement
  • A scanned copy of the property owner's no-objection certificate.

Overview - An Overview of Online Company Registration

A private limited company is one of the most well-recommended ways to start a business in India. Limited liability and some ownership restrictions are provided by this type of business to its stakeholders. Partners of an LLP are the owners and managers of the business. However, shareholders and directors may not be the same in a private limited company.

You can always depend on Zolvit, which offers an inexpensive company registration service in India. Here you can find information on business registration. We handle all legal requirements and comply with them as set forth by the Ministry of Corporate Affairs (MCA). You receive a Certificate of Incorporation (CoI), a PAN, and a TAN after the company registration procedure has been approved. To start the business you can open a current account at a bank.

Benefits - Benefits of Company Registration Online Using Zolvit

• Recognised as a Lawful Entity

  A company develops a distinct personality upon incorporation. It has more legal authority since a corporation can hold property and amass debts without individual members of the company being held accountable to the debts of the company's creditors.
  
  A company is a real-life, existing legal entity. It is a legal construct with a separate existence from its directors and stockholders. It is a legal entity created in accordance with the Companies Act. An organisation that has been incorporated has its own rights, is responsible for its own debts, and manages its own legal processes.

• Chances for Continuous Succession

  The term ‘perpetual succession’ refers to a business that will always exist. It implies that an organisation or business will remain in existence until it is formally dissolved. One essential component is perpetual succession. It is a separate legal entity that, as was previously indicated, is unaffected by the death or leave of any member.

• Minimal Liability

  Legal accountability for a small number of debts is known as limited liability. Members' liability for the company's debts is restricted, or restricted to the face value of the share they purchased. This is an exception, and the terms and circumstances may change if the members have contractually consented to unlimited liabilities. These businesses are referred to as unlimited firms.

• Free & Simple Share Transferability

  Shares of a corporation are only as many as were purchased. A shareholder may transfer it to a different individual. The transfer of shares is at the shareholder's discretion. Technically, a public limited company's shares may be transferred without restriction. Therefore, a shareholder may transfer his shares to anybody they chose. A public limited company's securities and other interests are freely transferable.

• Owning a Property

  On its own behalf, a company may buy, possess, use, and alienate property. Given that they are not the company's owners, shareholders are not permitted to claim its assets. An interest in the firm that arises from the articles of association of the company and measures a liability amount is all that a shareholder possesses.

Checklist - Checklist for Creating an Indian Company

• We must make sure that the criteria listed on the checklist are satisfied as per the Companies Act of 2013.

  • The private limited company's name needs to be distinctive and distinct from any other trademarks or companies that have already been registered
  • Before a Private-Limited Company may be registered, there must be two directors and shareholders
  • The maximum number of members and directors for a private limited company is 200 and 15, respectively
  • All directors and members of the company must receive a digital signature certificate in order to sign e-forms when a private company is incorporated
  • It is important to keep in mind that the proposed name should not offend any particular group of people while choosing a name for the company

Govt Expenses For Pvt Ltd Company Registration

• Organisations with a maximum nominal share capital of ₹10,000 are subject to a registration charge of ₹2,000
• Organisations with nominal share capitals between ₹10,00,000 and ₹50,00,000 must pay a registration cost of ₹2000. For every ₹10,000, or fraction thereof, of nominal share capital, ₹200 will be added
• For organisations with nominal share capitals between ₹50,00,000 and ₹1 crore, the registration price is ₹1,56,000. For every ₹10,000, or fraction thereof, of nominal share capital
• For organisations with nominal share capital over one crore rupees, the registration price is ₹2,06,000 instead. For every ₹10,000 of nominal share capital, or portion thereof, an additional ₹75 will be added, up to a maximum of ₹250.

What Advantages Do Businesses Have When they are registered?

Here are a few factors that influence business owners' decisions to establish a firm in Tamil Nadu: According to the legislation, a Private Limited Company is a fake legal entity established by the Companies Act. The Directors and Shareholders are not the same legal entity as a company that has been registered in Tamil Nadu. A private limited company has hence many legal options in Tamil Nadu.

As long as the company is operational, the company registration in Tamil Nadu is valid. The term ‘everlasting succession’ refers to a company's existence up until its dissolution or winding up. Only a minor fraction of the company's debts are owed by the members. They are only limited to using the face value of the shares they purchased.

The amount of shares that the shareholders own determines who owns a Private Limited Company. A Mumbai-registered company's shares may be transferred to another person or to another legal body. Once more, the transfer of shares is governed by the Shareholder Association and the Industry's AoA. The ease of share transfers is one of the factors that influence business owners' decision to form a corporation. A corporation registered in Tamil Nadu is permitted to acquire, hold, or transfer any sort of intangible asset. Shareholders cannot claim the assets of the firm because they are not its owners. An interest in the corporation that develops under the AOA is all that a shareholder has.