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Why Company Registration in India

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  Why Company Registration in India  The First Step In Starting And Running A Business As An Entrepreneur Is To Determine The Company’s Structure And Begin The Company Registration Process. The first step in launching a new business is to register a company. The procedure by which a company is written in the jurisdiction in which it operates is known as company registration. The nature of your firms, such as whether it will be owned by a single person or a group of individuals, will be the primary determinant. If you run a business that lacks an identity, there is a good chance that you, as the owner, will lose the unique name of your business to someone who has already registered their company. You will not be able to sue the person for this act legally. Company registration will help you avoid such situations and will also serve as proof of your company’s legitimacy. As a result, Company Registration is vital in the business world. Advantages of company registration COMPANY RECOGNITI
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Documents of Registered Office for Indian Company Registration

Documents of Registered Office for Indian Company Registration  Registered office proof of the company stating if the property is rented/ leased,   Copy of the rental/lease agreement   Copy of electricity/water bill (business place)   In the case of your own property, a copy of the sale deed and electricity bill is sufficient   Copy of no objection certificate from the owner of the property
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Documents required for the Indian company registration process

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 Documents required for the Indian company registration process  PASSPORT and Voters ID (Similar to Resident Country) or Driving License (Apostiled and Notarized along with self-attestation)   Bank Statement/ Telephone bill/ Mobile Bill/ Electricity bill as an Address proof (Latest 0ne month bill) (Apostiled and Notarized along with self-attestation)   Passport size photograph of Foreign Director   During of stay at the present address of the Foreign Director and place of birth and his Occupation   Educational Qualification of Foreign Director
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Highlights of the Companies Act of 2013

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  Highlights of the Companies Act of 2013 The companies act has introduced a new concept called the class action suits for shareholders with the view of making the shareholders understand and provide them with enough knowledge on their rights.  The Act gives more powers to shareholders regarding the approval of certain transactions.   The Act stipulates the appointment of at least one woman director on the board.   The Act demands a certain class of companies to set aside a certain amount of money for activities that promote corporate social responsibility.   The companies act has proposed a simple procedure for mergers and amalgamations of a certain class of companies after getting approval from the government   The Act has increased the number of shareholders in a Private limited Company from 50 to 200.   The Act provides for the entrenchment of articles of association.  It is mandatory for every company to have at least one director who has stayed in India for not less than 182 days
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Why Company Registration is needed?

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 Why Company Registration is needed? The First Step In Starting And Running A Business As An Entrepreneur Is To Determine The Company’s Structure And Begin The Company Registration Process. The first step in launching a new business is to register a company. The procedure by which a company is registered in the jurisdiction in which it operates is known as company registration. The nature of your firm, such as whether it will be owned by a single person or a group of individuals, will be the primary determinant. If you run a business that lacks an identity, there is a good chance that you, as the owner, will lose the unique name of your business to someone who has already registered their company. You will not be able to sue the person for this act legally. Company registration will help you avoid such situations and will also serve as proof of your company’s legitimacy. As a result, Company Registration is extremely important in the business world. Advantages of company registration C
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Switching a Partnership to a Private Limited Company Requirements

 Switching a Partnership to a Private Limited Company Requirements A partnership firm must have at least 7 partners to convert to a private limited company. To convert to a private limited company it should have a minimum share capital of Rs. 1 lakh. The partnership deed has to be changed if it does not fulfill the above criteria. It must have at least 2 minimum Directors for converting to a private limited company. Partners can become the Directors as well as the shareholders. All the Directors must have the Director Identification Number. It is mandatory to have the Digital Signature Certificate of the two Directors.
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REQUIREMENTS FOR REGISTRATION OF A PRIVATE COMPANY

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 REQUIREMENTS FOR REGISTRATION OF A PRIVATE COMPANY A  private limited company  is held for small businesses and is widely prevalent among corporate legal entities. It is the most preferred type of business entity among the Angel Investors, Banks, Venture Capitalists, and other such budgetary organizations.  Below are a few mentioned documents that are required for the  Incorporation of a private company KYC requirements for directors (with self-attestation) Latest passport size photo. Copy of Pan card of Directors  Copy of Aadhaar Card Copy of Voter Identity card/ driving license/passport of the director In the case of NRI or foreign nationals, a passport copy has to be notarized at the Indian Embassy of the particular country.  Notarized utility bill of the particular country where the NRI or foreign national resides. Latest bank statement of not less than two months old. KYC requirements for the registered office Registered office proof of the company stating if the property is rent
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