Looking forward to incorporate your company in India yet feeling intimidated by all the legal formalities required for registering and setting up your company? Well, here is the expert guide to the necessary steps.

How beneficial setup company in India

While setting up companies in India it is important to fulfill all the legal requirements to gain trust of all the stakeholders such as customers, suppliers, investors, and government. By doing so, the founders can find investors to raise capital and scale up their business.

Steps in setting up any business entity in India

To set up any business in India, the company has to be register with a unique name by the MCA (Ministry of Corporate Affairs) under the Companies Act, 2013. The process can be easily and thoroughly completed online under the expert guidance of experienced professionals within 10 days.

Easy Registration Process

For the company registration process, the below checklist is mandatory.

1. Unique Name- Select a unique name reflecting the vision and mission of your company. It should be short, easy to remember and clearly communicate and showcasing your company’s products and services.
2. Registered Office- An address representing the legal place for carrying out the official correspondence. It can be a commercial space or rent property after receiving the NOC from landlord.
3. Minimum capital of Rs. 1 lakh to commence the business.
4. Minimum two directors to start a private limited companies amongst which atleast one should be the resident of India. The number of maximum directors is 15.
5. Obtain the DIN i.e. the Director Identification Number (DIN) which is mandatorily required for the online registration of a company. Fill the DIR-3 & DSC forms and submit on the MCA’s website with the copy of following documents- Passport, Address proof, Education certificates, passport sized photograph, and current occupation if any.
6. Acquire Digital Signature Certificate (DSC) to get the authority of using digital signatures on the documents to be submitted online. You need to fill the same forms and submit similar documents required to obtain DIN.

Once the above checklist is completed, register your company on MCA portal and create a new account @mca.gov.in

Types of business entities in India

As mentioned below, there are five major types of companies which can be registered in India.

1. One person company
2. Private Limited company
3. Sole proprietorship
4. Limited liability company

Why Infotax group is first choice for foreigners Infotax is a leading online finance and tax consultancy providing complete guidance and end to end management of all the legal paperwork and compliances related for setting up your company or its subsidiary in India.