Company Incorporation Registration – Description
Company Incorporation is the legal process of registering a business entity with the government to give it a distinct legal identity. In India, company incorporation is regulated by the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013.
Purpose of Company Incorporation:
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Legal Recognition – Grants the business a separate legal entity status.
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Limited Liability Protection – Protects personal assets of owners/shareholders.
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Access to Funding – Enables businesses to raise capital through investors and banks.
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Brand Credibility – Enhances trust and reputation in the market.
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Perpetual Existence – The company continues to exist even if the owner changes.
Types of Companies for Incorporation in India:
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Private Limited Company (Pvt. Ltd.) – Suitable for startups and small businesses with limited liability and shareholder restrictions.
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Public Limited Company (Ltd.) – Ideal for large-scale businesses looking to raise public investment.
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One Person Company (OPC) – Designed for solo entrepreneurs who want corporate benefits.
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Limited Liability Partnership (LLP) – A hybrid structure combining partnership and corporate features.
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Section 8 Company – Non-profit organizations for social, charitable, or educational purposes.
Steps for Company Incorporation Registration:
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Obtain a Digital Signature Certificate (DSC) – Required for online document submission.
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Get a Director Identification Number (DIN) – Unique ID for company directors.
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Name Approval (RUN Service on MCA Portal) – Propose and get approval for the company name.
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Prepare Incorporation Documents – MOA (Memorandum of Association) & AOA (Articles of Association).
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File for Incorporation (SPICe+ Form on MCA Portal) – Submit all documents and fees online.
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Receive Certificate of Incorporation (COI) – Issued by the Registrar of Companies (RoC) upon approval.
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Apply for PAN, TAN, and GSTIN – Essential for tax compliance.
Documents Required for Registration:
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Identity & Address Proof of directors (Aadhaar, PAN, Passport, etc.).
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Registered Office Address Proof (Rental agreement, NOC, utility bill).
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MOA & AOA (Company’s objectives and operational rules).
Timeframe & Cost:
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Incorporation usually takes 7-15 days.
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Cost varies depending on the company type and professional fees.
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