Guide to company registration
Having a successful thought for start a new company. It makes to achieve your business in the long road of success. The first thing you have to register your company. The whole company registration process is done in online. There must be required some legal documentation. The company registration cost is differed from state to state. It is a detail procedure regarding how to start up a company in Chennai with newly INC 29 from online. Here we guide to company registration procedures.
Guide to company registration
A company registered and formed under any of the previous companies laws. In common idiom, a company is a voluntary association of persons formed for the role of doing business, having a limited liability and distinct name. On registration, a company is capable of having rights, property, duties and incurring requirements in its own company name.
The company registration types can be registered using Form INC-29 as
- Limited Liability Partnership (LLP)
- Private Limited Company
- Producer Company
- One Person Company (OPC)
The processes and steps may differ for various forms. But, they share many similar processes. The company registration processes may also differ from state to state. But, for an initial start-up the general form is that of a private limited company. It may either partnerships or sole proprietorship/LLPs. Here we discuss the steps to register your company in Chennai.
Company Name
Your company name is one of the most important part of your business. It needs to convey a specific message clearly and efficiently. The name of your company is your brand, it makes people would associate with your services. So the first step is getting your company is registered with the approval of your company name.
You can register online with the Registrar of Companies (ROC) in anywhere in India. You have to submit two alternative names and the addresses and the names of the members (for private companies minimum two members). The authorized capital of the company is minimum of Rs.1 lakh.
After the, company name registration is to be done. A company becomes a legal person. It is required to have a name by which it should be identified. The Memorandum of Association (MOA) shall state the name of your company. In case of a public limited company, the company name must end with ‘limited”. A private limited company, the company name must end with ” private limited”.
There are many company registration process can be dome in the MCA portal. After the company registration procedures. The company get their certificate of incorporation. The company is required to have its name mentioned in all business letters, letter papers and bill heads and in all its notices, negotiable instruments, orders for money or goods and in bills of parcels, receipts, invoices and letters of credit of the company.
DSC – Digital Signature Certificate
Digital Signature Certificate (DSC) is the electronic design of paper or physical certificate. Such as passport, driving license, etc., The (DSC) certificate can be submitted electronically to prove your identity to access services or information to sign certain documents on the internet to manually.
Digital Signature is essential for signing e-forms. To file form INC-29, one of the directors must get a Class-II Digital Signature Certificate (DSC). It is for completing their company registration process. The digital signature with a self attested copy of address proof and PAN card also submitted.
DIN – Directors Identification Number
Director Identification Number (DIN) is given to a potential or existing director of the company which is incorporated. Under the new conditions set forth by the Indian government. The directors for an Indian company, for both foreigners and Indians must register and get a Director Identification Number (DIN). In a company, three directors may register for the (DIN) Director Information Number .
Documents required for applying DIN :
- Identity proof ( Passport, PAN card, Driving License)
- Residence proof ( Passport, Driving License, Voter Id Card, Telephone Bill)
- Color Photo Graph
Name Approval
Processing of entire name approval applications all over India. The name approval can be done one or two business days. You have to follow the following rules:
- The company name is already registered on the MCA portal.
- There is no registered trademark on your company name.
- The first half of the name is unique.
- The second half relates the sector one is in. The importance of the name is to be entered in the form too.
MoA & AoA
Simultaneously with the application for availability of name, steps are required to be taken to draft the Memorandum of Association of the company. The Memorandum of Association (MOA) is a document of huge importance in links to the company. It includes the basic provisions on which the company is incorporated. No company can be incorporated without filing of Memorandum of Association.
The Articles of Association is one of the two constitutional documents of the company. The AOA prescribes the rules and regulations for the conduct of corporate affairs. The Articles and subordinate to and controlled by the Memorandum of Association. The Articles of Association play an important role in the management of internal affairs of the company and the conduct of its business.
Central Registration Centre (CRC)
The Central Registration Centre shall procedure applications for reservation of name. It is filed with the prescribed fees assigned in Companies (Registration offices and fees) rules 2014. The MCA 21 is transfer their new company registration process to Central Registration Centre. The processing of registration applications and name approval applications are been incorporated in India with the help of Central Registration Centre.
INC29 Incorporation
The form INC29 for company registration and integrates the applications for name reservation, DIN allotment and incorporation. Finally, you can get the incorporation certificate within14 days working days.
Obtaining PAN & TAN
The Income Tax Act, 1961, a company needs to get an Tax Account Number and Permanent Account Number.
To register a company in Chennai, the above company registration steps are more helpful.
