Online Company Registration in India - An Overview

Put simply, in India, setting up a private limited company is often touted as a top choice for starting a business. This structure offers shareholders limited liability and comes with specific ownership constraints. In contrast, with a Limited Liability Partnership (LLP), the partners are directly involved in managing the business. Conversely, a private limited company permits a distinction between directors and shareholders, allowing them to be separate entities.

In simpler terms, LEGAL BHARAT SERVICES acts as your trusted legal advisor, providing an affordable solution for company registration in India. We take care of all the necessary legal processes and ensure that your company complies with the regulations established by the Ministry of Corporate Affairs (MCA).. Upon successful completion of the pvt company registration process, we provide you with an Incorporation certificate (CoI), as well as PAN and TAN documents. With these in hand, you can easily establish a current bank account and commence your business operations.

Benefits of Pvt Ltd Company Registration

Put differently, registering a company offers several benefits. It enhances your business's credibility, ultimately fostering greater trust among consumers. Additionally, company registration can provide various benefits that can help your business to grow and succeed.

• Registering a company shields you from personal liability and safeguards against various risks and losses.
• Attract more customers
• Procure bank credits and good investments from reliable investors with ease
• Registering a company provides liability protection, safeguarding your company's assets from potential risks.
• Greater capital contribution and greater stability
• Increases the potential to grow big and expand

Requirements to Start a Private Limited Company

Before incorporating a firm, it must meet a specific set of conditions. The following are such conditions:

1. Directors and Members

According to the Companies Act of 2013, legal Private Limited Company Registration in India mandates a minimum of two directors and a maximum of 200 members. . These conditions are essential requirements that directors must adhere to:

• each director must possess a Director Identification Number (DIN) issued by the Ministry of Corporate Affairs (MCA).
• One of the directors must be an Indian resident, which means they must have spent at least 182 days there in the previous calendar year.

2. The Business's Name

When selecting a name for a private limited company, there are two factors must be into consideration:

• Name of the principal activity
• Private Limited Company

3. Address of the registered office

Once the registration process is finalized, the company must provide the permanent address of its registered office to the company registrar. This registered office serves as the main location for conducting business activities and housing all company-related documents.

4. Getting Additional Documents

To ensure the authenticity of electronically submitted documents, every business needs to acquire a Digital Signature Certificate (DSC).

In India, there are seven main types of company registrations:

1. Sole Proprietorship 
2. One-Man or person Company
3. Partnerships organizations 
4. A Limited Liability Partnership company.
5. A private limited entity
6. Limited Liability organization 
7. Section 8: Business (like NGOs)

Sole Proprietorship 

a sole proprietorship registration means that one individual manages the business. The owner and the business are considered as one entity, so the owner is personally responsible for earnings and liabilities. The owner's name on the registration also appears on tax filings, GST registration, and accounting, leading to direct liability. Almost all single-proprietorship enterprises hold the owner fully responsible for all profits and hazards. a sole proprietorship is a business owned and operated by one individual, and it's relatively easy to set up. This form of registration is used by those who work from home or manage enterprises.  

One-Man or Person Company

A single individual must serve as a director in one-person company registration. In other words, the single individual will be the director and a member or shareholder. It is similar to a sole proprietorship. The working pattern of one-person company registration can reduce shareholders’ liabilities and responsibilities to a certain extent. A one-person company is a business where the director and sole member are the same individual. The owner manages all activities, and they are personally responsible for both business and personal duties.

Partnerships organizations 

A partnership involves two or more partners who have agreed upon their roles and how profits will be shared, allowing them to conduct business activities together. For a Partnership Firm Registration, you need to use a binding agreement referred to as the Partnership Deed.during business registration, you can outline duties, commitments, responsibilities, and the distribution of shares among partners.

A Limited Liability Partnership company.

LLP means Limited Liability Partnership. Registering an LLP (Limited Liability Partnership) follows a process similar to that of a partnership firm. However, LLP offers limited liability, meaning your personal assets are better protected from the firm's liabilities. This structure is often called the corporate form of a partnership business. The partners are accountable in proportion to their initial capital commitment, and hence one partner is not liable for the faults of the other partners.

Private Limited Company Registration

private limited company registration is ideal for businesses aiming to establish private organizations. By spreading liabilities among shareholders, they safeguard their investments. Shares in this type of company cannot be publicly traded or distributed. Private limited registration is preferred by investors and banks due to its advantages, and it remains intact even if directors change.

Public limited company registration mirrors private limited registration, except that shares can be traded on the stock exchange, facilitating share transfers between members.

Section 8: Company Registration (like  NGOs)

Non-Profit Groups, or NGOs, are the most frequent titles for these charity organizations. The primary aims of these groups are social in nature, promoting the arts, sciences, learning, climate change, and assisting people in need. An NGO must have at least two owners and directors for registration purposes.

What credentials do you need to establish the types of companies and registrations?

 list of all paperwork:

1. An Aadhar Card, a PAN Card, registered office proof, and bank account information are necessary for singular proprietorship registration with Indian officials.
2. for registering a one-person company, you typically require the ID proof and address proof of the company owner, along with a rent agreement if applicable. Conversely, Partnership Company Registration typically necessitates a PAN card and address verification of partners and the firm, a Partnership Contract, GST registration, and bank account details..
3. A PAN card and address verification of partners and firms, a Partnership Contract, GST registration, and bank account details usually apply for Partnership Company Registration.
4. For LLP firm establishment, authentic address evidence of office and partners, DSC, and ID proof of partners is necessary.
5. For company registration, all directors and shareholders must provide their PAN and Aadhar Cards, along with their addresses. Additionally, they need their DIN (Director Identification Number), DSC (Digital Signature Certificate), utility bills as address proof, a No Objection Certificate (NOC) from the landlord if applicable, and the Memorandum of Association (MOA) and Articles of Association.
6. You’ll need documentation like a trustworthy address, evidence of office and partners, a DSC, and proof of partners’ ID to form a limited liability corporation.
7. For Section 8 companies like NGOs, certain documents are necessary for registration. These include a Digital Signature Certificate, DPIN/DIN (Director's Identification Number), Memorandum of Association (MOA), Articles of Association (AOA), ID verification proof, passport size photographs, directors' data, and address verification documents.

Aadhar Cards, PAN Cards, registered address or office proof, bank account details, and photographs are frequent among the seven categories of business registration.