What is the legal process to register a company in India?

Asked by: Isabell Kuvalis  |  Last update: August 14, 2023
Score: 5/5 (38 votes)

What is the registration process of a company?
  1. Step 1: Apply For Director Identification Number (DIN) ...
  2. Step 2: Apply For Digital Signature Certificate (DSC) ...
  3. Step 3: Company Name Approval. ...
  4. Step 4: Company Incorporation Application Submission.

What is the legal procedure to start a company in India?

What All Are The Basic Legal Requirements To Start A Business In India?
  1. Company Name Availability. ...
  2. Business Entity Registration. ...
  3. Founder's Agreement. ...
  4. Legal Licenses And Permits. ...
  5. Adherence To Labour Laws. ...
  6. Intellectual Property Registration and Protection. ...
  7. Non Disclosure Agreement.

Can a US citizen register a company in India?

Companies Act 2013 allows a Foreign National, Foreign Resident, Non Resident Indian`s (NRI), Person of Indian Origin (PIO) or their business entities overseas to own 100% equity in their business set up in India.

What documents are required to register a business in India?

Documents Required for Company Registration
  • Voter Identity Card/Election Card.
  • Ration Card.
  • Aadhaar Card.
  • Passport.
  • Driving license.
  • Telephone Bill.
  • Electricity Bill.

How can a foreigner register business in India?

Documents required for setting up business in india by foreign companies::-
  1. Photographs of all directors.
  2. Apostilled Digital Signature Application Form (You can get it From Ebizfiling)
  3. Apostille Passport of all Foreign directors.
  4. Apostilled copy of address proof (Telephone, Electricity Bill, latest Bank Statement)

How to Register a Company in India: Business Structure, Documentation, Legal Compliance and Process

40 related questions found

How long does it take to register a company in India?

Generally, it takes around 8-10 business days to register a company in India. Provided that all your documents are correct and you have a unique business name. However, in case, an objection is issued, it may take up-to 12 working days. Day 1: Make a booking and Understand the Documents Required.

Is it mandatory to register a company in India?

Mandatory Company Registration

Hence, a business with any amount of turnover or capital can be operated as a Proprietorship or Partnership or Limited Liability Partnership or Private Limited Company. However, the Companies Act 2013, does require mandatory company registration for certain Partnerships.

Can I run a company without registration in India?

In India, small businesses can be run without registering, but it is recommended to register the company to obtain certain benefits and to ensure legal compliance.

Can an American start a business in India?

Is it necessary for a foreign national to be a resident of India in order to start a business there? One of the benefits of establishing a business in India as a foreigner is that there is no necessity for a foreign national to be a resident in order to establish or start a business in India.

Can American have business in India?

To have a permanent establishment in India, a foreign company or national can either form a private limited company in accordance with the Act or form a limited liability partnership as per the provisions of the Limited Liability Act, 2008.

Can I use US company name in India?

No, it is not legal. You can only use a business name that has not been registered in India, in any state. Therefore, before choosing a business name, you can search for its availability through MCA. A selection of your company's name is one of the most crucial decisions you will make when starting a new business.

How much money is required to open a Pvt Ltd Company in India?

The cost of establishing/registering a Pvt Ltd Company generally varies from INR 6,000 to INR 30,000, depending upon the number of Directors, members, the authorized share capital, and professional fees.

Can a company be non resident in India?

A Company will be a non-resident in any previous year if: it is not an Indian company and. its place of effective management, in that year, is not in India.

Can a non resident do business in India?

Private Limited Company:

Yes, the best way for NRIs to start a business in India is Private Limited Company. It is easy for a Non resident Indian to start a Private Limited company in India and there are plenty of advantages also.

Can a non resident start a business in India?

A non-resident Indians can incorporate a Company in India under the Companies Act, 2013, as a Private Limited, a Public Limited or a Wholly Owned Subsidiary (WOS). An LLP is an incorporated under Limited Liability Partnership Act, 2008.

What happens if a company is not registered in India?

The penalty for not registering a company can be as high as Rs. 10,000 per day of default. No Legal Recognition: Without registration with the MCA, a company is not considered a separate legal entity from its owners. This means the company's owners may be personally liable for any debts or legal issues.

When should I register my company in India?

Register your Company When You Need To

Most investors and angels will invest in your company only after going through your incorporation certificate. Hence, companies will need to register themselves formally when they start looking for external investment.

Which business doesn't need license in India?

Most enterprises in India are formed as sole proprietorships or general partnerships, with no central government licensing. The Ministry of Corporate Affairs oversees the formation of businesses and limited liability partnerships (LLPs).

How many types of company registration are there in India?

In India, there are seven different types of company registration. Knowing about these seven types of Company Registration in India will help you make the right decision for your business. This article will explore the seven kinds of Company Registration in India.

How can I register my business in USA living in India?

Following are the documents mandatory for company registration in the United States from India.
  1. # Unique Company Name.
  2. # Passport of all directors.
  3. # Address Proof and ID proof documents - Aadhar Card.
  4. # Signed documents for Incorporation.
  5. # IRS Form SS4 – Application for Employer Identification Number [EIN]

Can NRI register one person company in India?

One Person Company in India is a Private Company incorporated by one person only. As per the amendments introduced in Companies (Incorporation) Second Amendment Rules 2021, now the NRIs are now allowed to start their own One Person Company in India.

Can OCI be a director in India?

Yes foreigners can be directors in an Indian company provided that at least one of the directors is a national of India. The Director should be above 18 years of age and must be a natural person. There are no restrictions in terms of citizenship or residency.

Can a US LLC do business in India?

Expatriates are allowed to work on rolls of Limited Liability company. All income arising out of its business activities. It can also issue invoice from India. A limited Liability company actually does business in India and is, therefore, subject to corporate tax @ 25% (for turnover upto Rs.