03 Oct 2016
There are companies and companies all around us in India. When we see so many companies around us, many of us wonder if Company incorporation in India is such an easy job. While we would not say it is easy to start a company in India, the Ministry of Corporate Affairs has simplified many procedures to help India’s commerce flourish with more startup companies. However, as a safety measure and in the interest of the economy of the country, the Ministry has laid down some formalities to be completed before registering a new start-up in India. Basically, Ministry of Corporate Affairs is responsible for Company registration in India. Everything that needs to be done for opening a start-up business and registering the same can be carried out online nowadays.
When it comes to Company Formation in India, irrespective of whether the Company to be formed is a Private one or a Public one, some basic formalities need to be followed and forms to be filled in as per the requirement. This is basically for collecting all pertinent information about the new company, its people and plans. Section 3 of Companies Act, 1956 insists in registering Companies and gives them a legal status once they are registered.
The Company registration procedure involves 4 major steps.
1. Create an account in the Ministry of Corporate Affairs portal
2. Director Identification Number
3. Getting the Digital Signature Certificate
4. Apply for Company Registration
This is a simple 4 step procedure from where you can get the company registration done in India. If this sounds like a tough job to you, there are various CAs and companies, who can do it for you.
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