Register Trademark For your Business

Importance of Company Registration in India

importance of Company Registration
Swarit Advisors
| Updated: Aug 31, 2018 | Category: Private Limited Company

The idea of company registration is always a right choice as it gives you an idea of the future of your company. Wondering how! Registering your company means you are giving value, name and an image in the market to your company just like a father‘s name plays a role for his son or daughter in the same way company registration gives a legal entity to the company in the market In this article, we will tell you about the importance of company registration in India.

So, the advantages of Company registration in India are as follows-

  • Limited liability

The first and foremost advantage of the company registration is the limited liability that is conferred upon the company’s director and shareholders.

  • Status or the Recognition to the company

After the registration, the company has its own legal entity or status or recognition in the market. It has its separate existence in the eyes of law from its director or shareholder.

  • Perpetual Succession

It is a say people come and go or what we will call the director may come and go but the company has its own entity and perpetual succession which means the company remains forever. The death, disability or retirement of any person would not affect the existence of the company.

  • Easy transferability

When comes a time to sell the business as a going concern the advantages is the level of easiness in transferring the shares of entire shareholding to the purchaser and thus facilitates easy change in the management and the ownership.

  • Borrowing loan from bank or Institution

It is easy to borrow a loan from a bank or financial institute when you are a registered company as that creates a level of trust.

  • Raising Money from Public

The Registered Company can raise a large amount of capital from the general public by issue of shares and public deposits.

How to Register a Company in India?

Following are the steps you need to follow for company registration in India-

  1. Apply for DSC and DIN – Digital Signature Certificate is an electronic signature which will be used for filing government forms online. After that, you also need to apply for Director Identification number (DIN) which can be filed directly through SPICE.
  2. Company Name Approval – after obtaining DSC and DIN. An application for name approval in RUN form will be submitted at MCA portal Online.
  3. Documents Required – the list of documents are required for company registration
  • PAN Card
  • Id proof (Aadhar Card, Passport, Voter ID )
  • Address Proof (Bank Statement, Electricity Bill, Mobile Bill)
  • Photograph
  1. File for Incorporation – the most important step is to file the incorporation form to get the MCA registration. All the documents like Memorandum of Association, Article of Association, Permanent Account Number or Tax Deduction and Collection Number are created and submitted with the SPICE form.

Company Registered- when all documents are found to be genuine then ROC will issue the Certificate of Registration to the company.

  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
Swarit Advisors

Swaritadvisors.com is technology motivated platform establishing the specialized legal & Financial advisory services in India. We are dedicated to helping startups and MNC in solving legal, Taxation and compliance related to starting and running their business around the world.

10% Off On Company Registration

No Comments

Leave a Reply

 

Related Articles

Difference between OPC & Private Company
Khushboo Priya
| Date: Jan 31, 2019 | Category: One Person Company, Private Limited Company

10 Major differences between an OPC & Private Limited Company

OPC and Private Limited Company are two completely different business structures, but both are governed by the Companies Act, 2013. The concept of One Person Company (OPC) was introduced with...

Read More
Private Limited Registration
Swarit Advisors
| Date: Jun 16, 2018 | Category: Private Limited Company

How can I Apply for Private Limited Registration in India?

A private limited company in India is one of the most prevalent also the popular kind of legal corporate entity. The private limited company registration is done and governed by...

Read More
Annual Compliance
Swarit Advisors
| Date: Jun 02, 2018 | Category: Private Limited Company

What is annual compliance of a private limited company?

Running a company is not an easy task, anyone with good experience will know that.The entrepreneurs are required to do some legal regulatory things as annual compliance of a private...

Read More

ARTICLES

Hi! My name is Akanksha! Let's talk.