How to Register a Company in India
Whether you are planning to set up a small business or a large enterprise, it is essential that you get your business registered. Not only would this give legitimacy to your business, but it would also help you in attracting investors. Additionally, it would save you from legal pitfalls and would help you to avoid any penalties imposed by the government.
There are different types of companies that you can register under, depending on the type of business you intend to do. However, before you choose a business structure, you must be clear about your business goals and objectives. Moreover, you must understand the technicalities of each type of company.
To complete the process of registration, you need to submit certain documents. You also need to acquire a Director Identification Number (DIN), which is necessary for all proposed directors, regardless of the nationality of the director. Moreover, all directors need to have Class II Digital Signature Certificates, which are required for the submission of various documents to the MCA portal.
The MCA portal makes it easy to register a company by using an integrated single-point application. The application facilitates completion of all formalities including Company Name Registration, allotment of DIN for Directors, and incorporation of the company. The application also enables you to obtain PAN and TAN, which are required to open a current bank account in the company's name. You can also check a company's registration status at the MCA portal by entering the CIN of the company.
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