Business Setup in India

Company Registration in India

Everyone in India has a dream to start a business. To move forward with this dream, and turn it into a reality, everyone wants to start a company. Therefore, there exists company registration in India. Through the incorporation of a company, you can start your business in a legal way where you are not only provided an infrastructure of growth, but also assistance from the government.

What is a Company Registration?

Before we dive into company registration,  let us understand the concept of a company. What is a company? A company refers to a business entity comprised of at least two directors, and members/shareholders. It is a legal business unit incorporated under the company’s registration online rules established under the Company’s act, 2013.

Simply put, Company registration is a process to acquire a company registration number in India through which the business gets a legal infrastructure through which you can do business.

So, how to register a company in India? The process, even though simple, requires the assistance of company registration service providers. Thankfully, you are with Registrationwala. We can provide you with end-to-end assistance- guiding you with every step you need to take for registering a company in India.

However, there are many factors that you have to take into account before the name of your company lands inside the company register.

Types of Companies in India

There are six types of companies, each of them taking a different approach to the company registration process in India.

  • Private Limited Company
  • Public Limited Company
  • One Person Company
  • Producer Company
  • Nidhi Company
  • Section 8 Company
Eligibility Criteria for Company Registration in India Online
  • There should be at least 2 directors of the Company: If the company registration procedure in India you want to go through is not a One Person company but a Private Limited Company, then there should be at least two directors within your institution.
  • The directors and shareholders can be the same individual: The directors and shareholders/members can be considered the same when applying for new company incorporation online.
  • There are two types of “Limited” attributes of a company: Limited by shares or limited by guarantee: When you apply for online company registration, you must decide beforehand whether your Company will be limited by shares or limited by guarantee. If shares limit the Company, you will have shareholders. For a company limited by guarantee, there will be members.
  • There should be at least one director who is a resident of India: One of the biggest requirements of company registration online in India is having at least an Indian director in the incorporated Company.
  • The name of the Company should be unique: Any new company registration in India can only happen online if the name of the Company is unique. If your firm’s name contravenes the rules and regulations of the Companies Act of 2013 in any way, you won’t be able to obtain online company registration in India.