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The optimal solution for State and Central Governments. In addition to your CIN, we provide you with a Certificate, DINs, DSCs, MOA, AOA, PAN, TAN, GST, PF, ESI, PT*, Shops & Establishments Registration*, and Share Certificates.
Under the Companies Act of 2013, the State or Central Government can register a business. In India, most Government Companies are registered as public limited companies. Hindustan Petroleum Corporation Limited, Bharath Dynamics Limited, Bharath Heavy Electricals Limited, Indian Oil Corporation Limited, Coal India Limited, Gas Authority of India Limited, and Bharath Heavy Electricals Limited. Generally, the government cannot sign documents to register a company; however, it can authorize higher officials such as IAS and IPS to sign on its behalf. This type of organization may also be written as either a Private Limited or Public Limited.
The Central Registration Center (CRC), Manesar, Haryana, regulates Company Registration on behalf of each state’s Registrar of Companies, Ministry of Corporate Affairs, Government of India. Companies are governed by the Companies Act of 2013. The Government of India announced on January 26, 2018, that there is no incorporation fee for companies with an authorized share capital of up to Rs. 1,000,000/- (Rupees Ten Lakhs), which has since been increased to Rs. 15 lakhs. As usual, the remaining fees apply, including Name Availability, Stamp Duty, Permanent Account Number (PAN), and Tax Deduction and Collection Account Number (TAN).
Government Companies can also be created by passing a particular statute through a State Act or Central Act.
The Central Government or any State Government is allowed to register a Government Company.
In India, businesses are registered as Private Limited Companies (PVT LTD), Limited Companies (LTD), and Limited Liability Partnerships (LLP). In contrast, in western countries, companies are registered as LLCs, Incs, PJSCs, and GMBCs, and limited liability is the same regardless of the entity’s name.
Below are the primary motives for forming a corporation
The company’s members have limited liability, and directors and shareholders are not liable for the company’s debts. For instance, when a company defaults on the repayment of a debt or loan, the Directors or Shareholders’ assets are protected. They can only recover the loan amount by selling the company’s assets.
As they do not wish to be involved in day-to-day operations, venture capital and angel investors are interested in Company-style businesses for equity investments. The concept of a company is governed by its Directors, whose shareholders are the company’s investors and whose management is overseen by the Company’s Directors.
Instead of Partnership or Sole Proprietorship firms, talented employees prefer Company-type businesses. By issuing Employee Stock Options, a company can retain qualified workers. Employees of reputable companies can quickly obtain low-interest loans from banks.
The Company’s Director may also be an employee of the company. He can rent or lease his property to the company and collect rent, give the company a loan and receive a loan from the company, and provide the company with goods or services in exchange for payment.
Company members may come and go, but the company itself cannot, indicating that the members and the company are distinct. A company can own and sell assets in its name and can sue and be sued in a court of law.
Simply signing a Share Transfer Form, members of the company can easily resign, and members of Listed Companies can quickly sell their shares on the Stock Market. In Private Limited Companies, a change in ownership is accomplished by transferring shares and signing Share Transfer forms.
Get Certificate, DINs, DSCs, MOA, AOA, PAN, TAN, GST, MSME, IEC, PF, ESI, PT*, Bank A/c, Share Certificates & GST Software along with your CIN under 10 working days!
The Government Company is eligible for both Private Limited and Public Limited registration. Two directors and two shareholders are required to register as a Private Limited Company. The shareholder may be a corporation, but the director must be a natural person. One of the directors is required to reside in India. There should be three directors and seven shareholders for a Public Limited. The required documents and step-by-step company registration process are listed below.
Since our inception as an Official Company Registration Agent, we have maintained close ties with the Ministry of Corporate Affairs, Government of India. From day one, our intention has been to offer a streamlined incorporation procedure that is quick and easy to utilize. Today, our system for company registration is among the most efficient and effective in India. You can file an application for a new company name in slightly more than 5 minutes, and your firm will often be fully registered within 3-5 days. In addition to maintaining affordable pricing for company formation, we are constantly investigating new ways to bring value to our clients. We are proud to be one of the least expensive ways to establish a business in India.
We have the knowledge to advise clients on the appropriate company structure to implement. The majority of our clients want assistance registering a business limited by shares. The limited company structure is prevalent because it permits the distribution of profits to shareholders while safeguarding them through restricted liability. Our team has more than 2 decades of experience founding companies and providing corporate and secretarial services, which aids in the growth of tens of thousands of our clients’ enterprises each year.
We are tremendously passionate about the quality of our service, and we are incredibly proud of the reviews we get from our customers, as evidenced by our outstanding reviews and ratings. Continually, our team is chosen due to the value and skill for which it is renowned. We have helped form the industry by giving our customers innovative business services and packaged solutions that have grown alongside their demands.
Our clients have access to complimentary help from a team of experts. We are always prepared to assist. Throughout the registration of your Company, you will be enabled to contact us by phone or email if you require assistance.
We believe in transparent and straightforward pricing. The price displayed is the price paid. There are no additional fees associated with business registration.
You can file an application for a new company name in slightly more than 5 minutes, and your firm will often be fully registered within 3-5 days.
Our staff has over 2 decades of experience, making us specialists in our industry. Take the stress out of establishing your business, and rest easy knowing you have the assistance you need to thrive.
Today, our customers expect exceptional service. Because of this, we are very pleased that 99 percent of our customers have rated us as "Great" or "Excellent" on Google.
The entire procedure, from ordering to utilizing your company registration license, is designed to be as simple and direct as possible to aid in the growth of your firm.
ustomer confidentiality and safety come first. We safeguard your financial, business, and personal information to the utmost degree.
Congratulations on the registration of your new business! Most entrepreneurs do not know what to do after registering their companies. The other mandatory registrations and statutory compliance requirements of a company are listed below.
DIN is the abbreviation for Director Identification Number. Following the incorporation of the Company, every director will be assigned a unique Director Identification Number. With this DIN, he or she can register an unlimited number of businesses.
A DIN holder is required to submit his KYC to the MCA annually by the 30th of September or face a penalty of Rs. 5,000/-.
DSC is an abbreviation for Digital Signature Certificate. Shareholders must possess a Class-III Digital Signature Certificate in order to register their organization.
There are various organizations that issue Class-III DSCs. These organizations are referred to as DSC Certifying Authorities. We have formed a partnership with eMudhra Tamil Nadu. eMudhra is one of India's most prominent Digital Signature Certifying Authorities.
Approved share capital is the maximum amount of capital that shareholders are permitted to invest in the Company. In actuality, this is the permitted investment limit for Equity Share Capital.
Paid-up share capital is the amount of money shareholders deposit into the Company's bank account towards share capital.
Now, a business can be registered with a minimum share capital of Rs. 2/-or investment of Rs. 1/- from each shareholder.
A CIN is an identification number assigned to a company by the Ministry of Corporate Affairs when they are issued the Certificate of Incorporation.
It might serve as the Company's identification number.
If we apply for direct incorporation without a Certificate of Name Availability, the process could take between three and five business days. Occasionally, it can be implemented in a single day.
However, it is recommended to apply for a company name before incorporation, which may take between 10 and 15 days.
Yes!
No, you cannot register a company on your own since Professionals such as a Company Secretary or a Chartered Accountant must digitally sign the application forms alongside a Director before your Company can be registered.
For a two-person company, INR 2/-
2 if the company is a private limited company of 2 people and 3 if the company is a public limited company.
At Business Setup in India, we simplify the process of starting and running a successful business. Our expert team offers comprehensive services, from legal support to accounting and business advisory, tailored to meet the needs of entrepreneurs and companies.