PSR Compliance: Company Registration in India

What is Company Registration?

Company registration is the legal process of incorporating your business with the Ministry of Corporate Affairs (MCA) in India. Once registered, your company becomes a distinct legal entity separate from its owners. It can own assets, incur liabilities, enter contracts, and operate independently.

Why Should You Register a Company?

Legal Recognition: Your business is formally recognized under the law.
Limited Liability: Personal assets are protected from business debts.
Separate Legal Identity: The company can sue or be sued independently.
Attract Investors: Helps in raising capital through equity funding.
Perpetual Existence: The company continues even if ownership changes.
Brand Credibility: Boosts trust among customers, vendors, and lenders.

Types of Companies You Can Register

Private Limited Company (Pvt Ltd): Ideal for startups and growing businesses. Requires a minimum of 2 directors and 2 shareholders.
One Person Company (OPC): Best for solo entrepreneurs who want limited liability.
Limited Liability Partnership (LLP): Suitable for service-based businesses. Combines benefits of partnership and company structure.
Public Limited Company: For large businesses planning to raise funds from the public.

Documents Required

PAN card and Aadhaar card of directors/shareholders.
Passport (in case of foreign nationals).
Address proof (Utility bills or bank statement).
Passport-sized photographs.
Proof of registered office (Rent agreement or sale deed).
NOC from the property owner (if rented).

Steps to Register a Company in India

1. Obtain Digital Signature Certificate (DSC)

All directors must have a DSC to sign digital documents online.

2. Apply for Director Identification Number (DIN)

DIN is a unique ID for each director, applied through the SPICe+ form.

3. Name Approval

Propose one or two unique names via the RUN (Reserve Unique Name) service or directly through SPICe+ form. MCA will check availability.

4. File Incorporation Forms

Use the SPICe+ form to file all company registration documents, including:

e-MOA (Memorandum of Association)
e-AOA (Articles of Association)
PAN and TAN application

5. Pay Registration Fees

Fees depend on your company’s authorized capital and type.

6. Receive Certificate of Incorporation

If everything checks out, MCA will issue a Certificate of Incorporation (COI), which includes your Company Identification Number (CIN).

Post-Incorporation Requirements

Open a current account in the company’s name.
Apply for GST registration if applicable.
Conduct the first board meeting.
Appoint an auditor within 30 days.
Maintain statutory registers and file annual returns.

Conclusion

Registering a company in India is now easier and faster thanks to the MCA’s online portal and streamlined forms. Whether you’re a solo founder, a startup, or a group of partners, choosing the right structure and registering properly is the first big step to building a trusted and compliant business. From legal protection to funding opportunities, the benefits of company registration are worth the effort.

For more info : https://www.psrcompliance.com/company-registration-in-india

Company Registration in India