The Companies Act, 2013 established the online method of company registration in India. That method involves the steps given below:
- Choosing a unique company name: To successfully register your company, its name should be unique. Thus, choose a one of a kind name and to test its uniqueness, go through the company name search module.
- Furnish the documents: Furnish the following documents associated with the individuals involved with the business:
- ID proof of the directors and shareholders. Choose any of the below
- Voter ID
- Aadhar Card
- Driving License
- Passport (An important document is one or more directors of the company are foreigners)
- Address proof of the directors and shareholders. Choose any of the below:
- Utility Bill
- Bank statement
- Driving License
- Passport (Important document if one or more directors of the company are foreigners.)
- Address proof of the registered office space: There are two kinds of documents that you can provide for showing the address proof of the registered office space:
- You can show the registry of sale of property if you own the office.
- You can show the rent agreement coupled with no objection certificate from the landlord if the place of your business is on rent.
- Power of attorney: A POA has to be given to authorize the authorized official – which is generally a CA or a CS – to sign the documents.
- ID proof of the directors and shareholders. Choose any of the below
- File a RUN application: Even though you’ve decided the name, it doesn’t harm to actually reserve it. It will accomplish two things: you’ll get the approval to use the name and you’ll reserve the name – stopping others from using the same.
- DSC and DIN of the directors: As the application of company registration is filed online, you need a digital way to authenticate the documents that you submit. DSC or Digital Signature Certificate is the tool used for this purpose. A DIN or Director Identification Number is issued by the Ministry of Corporate Affairs to the future directors of a company.
- Draft MOA: A Memorandum of Association is a document that contains information about the:
- Objective of the company.
- Contact details of the directors and shareholders.
- Authorized capital and capital invested in the company.
- Share subscriptions for each shareholder.
- Address details of the company.
- Draft AOA: The Articles of Association or AOA define the rules and regulations that a company has to follow to perform its business. It contains:
- Rules and regulations of the company.
- Code of conduct of the directors and the company.
- Duties of the directors.
- Responsibilities of the shareholders.
- File the application of company registration: Go to the MCA portal and login using your DSC. Then, file the application for company registration while attaching the documents that you’ve scanned in point 2.
- Wait for the application to be processed: Once you’ve submitted the application, the Registrar of companies will give it a full assessment. If there are no errors with your application, you will receive Certificate of incorporation within the next few days. If there are errors, you’ll get notification for the same – prompting you to file specific forms to make the corrections.
This is the entire process of company registration as per the new rule. It’s not convoluted, but for some, it can be quite confusing to go through the above steps. That’s why; leave the matter of filing the application, and drafting the documents to the business registration experts.
Also read about trademark registration application.