Currently, entrepreneurship is at its peak in India. Every year, several new businesses are started in different parts of the country. However, ideation and execution of a business idea is not enough. easeURbusiness helps you to follow the legal procedure of running a business and Company Registration in India which is the first step.
WHAT IS COMPANY REGISTRATION?
There are different types of businesses in India broadly divided into Sole Proprietorship, Partnership, One Person Company, Limited Liability Partnership and Private Limited Company. All these businesses are mandatorily required to get registered under Section 3 of the Companies Act, 1956. This is important because your company information must be in the official records of the government that is within the Ministry of Corporate Affairs (MCA).
By registering your company, you can carry out the business in a legal way giving it the much needed legal infrastructure. It will also make it easier for you to acquire funds and avail financial assistance from the government.
At easeURbusiness, we provide end-to-end assistance for the registration of your business of any type. Read on to understand more about business structures and their registration process.
PROCESS OF COMPANY REGISTRATION
DOCUMENTS REQUIRED FOR COMPANY REGISTRATION
Given below is the extensive list of documents needed at the time of company registration:
- Identity Proof of the Promoters/Directors/Shareholders
- Address Proof of the Promoters/Directors/Shareholders
- Registered Office Proof- rent deed/sale deed/ property tax receipt/ electricity bill, etc.
- Other documents related to incorporation of the company
STEPS TO TAKE AFTER COMPANY REGISTRATION
Once your company registration is successful, there are a few more pillars of the legal infrastructure that you should put in place. These include:
Professional Tax Registration
PF and ESI Registration
We offer complete assistance with respect to all of the above services at the best prices.
SOLE PROPRIETORSHIP REGISTRATION
Most of the businesses in India start as a sole proprietorship as it is the simplest form of business that is owned and managed only by the sole proprietor. Unlike companies and partnerships, sole proprietorship is not legally required to register itself. Its legal recognition is through GST Registration (mandatory) and other tax registrations required under the law.
If you need to put all mandatory registrations in place for your sole proprietorship business, easeURbusiness is here to provide you comprehensive assistance with sole proprietorship registration in India.
Partnership is another popular form of business in India. It is formed by two or more partners who bring capital into the business, share the risk and profit, as discussed and prescribed in the partnership deed.
Partnership deed is a document that clearly lays down the rights, duties and responsibilities of all the partners along with other clauses as needed. For partnership registration in India, you should submit a copy of your partnership deed stamped and signed by all the partners along with other necessary documents such as address proof, affidavit, etc. If the partnership registry of your state approves the same, your partnership will be registered.
WHY PARTNERSHIP REGISTRATION IS IMPORTANT?
Although partnership firms are legally not bound to get their business registered, an unregistered partnership firm may not be able to enjoy certain privileges such as:
- Filing a court case against the firm or other partners
- Filing a court case against other businesses or third parties
- Claiming a set-off in case a third party sues the partnership firm
At easeURbusiness, we offer complete assistance in creating a partnership deed and partnership registration
ONE PERSON COMPANY REGISTRATION
One Person Company is a relatively new form of business in India. It works like a private limited company (that requires a minimum of two directors) with the one difference that there will be a sole director/owner/member of the company. The concept of One Person Company was brought in India under Section 2 (62) of the Companies Act, 2013.
The process of One Person Company Registration in India is similar to that of a Private Limited Company. The process is listed below:
- Apply for DSC and DIN
- Apply and get approved for the Company Name
- Arrange the important documents such as MOA, AOA, etc.
- Apply and get approved under the Ministry of Corporate Affairs (MCA)
- Apply for the Certificate of Incorporation and get approved
Though a One Person Company has lesser legal compliances as compared to the process of company registration in India, it can still be difficult for a common man. This is why easeURbusiness is here to assist you through the registration process.