Looking for a simple & efficient way to register your business in India? Here is a complete guide that makes your company registration easy and hassle-free.
Thinking of starting your own business in India? India is one of the most prominent countries to start business. With an intriguing and growing market for businesses and investors, the country offers fascinating benefits to business owners and investors.
In addition to this, the Indian economy is one of the rapidly growing economies that also ranks as the world’s fifth-largest economy by GDP (Gross domestic product).
From vast consumer marketplace to economic growth to economic labor costs, there are many fascinating reasons that make India a land of endless opportunities and successful business.
When it comes to registering a business or company in India, it is extremely challenging for millions of first-time entrepreneurs throughout India owing to its complex and daunting company registration process. Here are a few factors that assures that business or company registration in India can be challenging:-
- Challenging Process: A company registration in India requires registration under the rules and regulations set by the government. A detailed registration process with multiple documents holds millions of people back to start their business journey.
- Different Business Entity: India has a diverse range of business entities such as private limited, limited liability partnership (LLP) and one person company (OPC). Each entity has unique needs, eligibility criteria and benefits making the company registration process even more complicated.
- Government Procedures: Another challenge is detailed paperwork and interacting with government organisations such as the Ministry of Corporate Affairs (MCA) and Registrar of Companies (ROC) and short timelines to submit required documents that increase complexity and challenges.
- Lengthy Registration Process: The company registration process is a long-drawn-out process owing to the long registration process. The overall processing time may vary on the type of business entity you are opting for and the workload of the Ministry of Corporate Affairs.
- Multiple documents: In order to register your business, the government demands diverse documents as per your business entity which plays a vital role in making your company registration process even more challenging and complex.
- State-Level Variations: State-level variations or Regional Discrepancies is different between the rules and regulations of diverse states by the government for online company registration in India. Understanding the specified needs of each state is essential which makes state-level variation even more challenging and complex.
These are a few points assuring that registering a company in India is a long-drawn-out process and complex with a plethora of rules and regulations as per the Companies Act set by the Indian government. This is why entrepreneurs choose business consultants or professionals for quick and effortless business registration.
A professional business consultant like a Chartered accountant can help you make your registration process hassle-free and simple while offering you business consultation for a better future and successful growth. Benefits of hiring a professional business consultant (mainly a chartered accountant or lawyer for company registration) for fast and simple company registration.
- Professional business consultants have experience and skills in the arena of company registration so they can assist you throughout the process
- Hiring the right company registration services provider is time-saving owing to their experience and deep expertise to handle company registration process challenges in India
- A business consultant will help you opt for the best business entity that suits your unique requirement
- The consultant will be there every step of the way and throughout your complete company registration process
- Collaborating with reputable business consultants who provide end-to-end services in company registration offers many incredible benefits such as complete guidance and assistance throughout the registration process
- Hiring an experienced business consultant or company registration services provider not only saves your time but also makes your business registration quick and seamless
Looking to register a company in India while meeting your budget and timelines? Opt for JustStart and let the dedicated team of experienced chartered accountants and lawyers simplify your company registration process with no hassle.
Their experienced team of business consultants including lawyers and chartered accountants understand the complete process and know-how of a simple and seamless company registration process making them the most prominent Company registration service provider in India. The lawyer of expert professionals will be there with you throughout your business registration process. Whether it be one-person company registration or private limited company registration in India, reach out to JustStart.
Contact one of the expert business consultants and let them offer you cost-efficient and hassle-free company registration services in India. So what are you waiting for? Check out their website and get in touch with one of their professional lawyers today. If you are still wondering how to register a company in India. Let’s consider our comprehensive guide.
A Step-by-step Guide to Register Your Company In India
Choose The best-fit business entity
There are multiple business entities for company registration in India such as private limited companies, Limited Liability Partnership (LLP), and public limited companies. Every business entity has its own benefits and eligibility criteria. Here are a few steps to the right business entity that meets your requirement.
- Determine your requirement
- Understand the unique business structure
- Identify your business goals and requirement
- Review rules and regulations by the government
Apply for a Director Identification Number (DIN)
- Apply for the Digital Signature Certificate (DSC) before filing Director Identification Number (DIN)
- Visit the official website of the Ministry of Corporate Affairs (MCA) to apply for DIN
- Fill in the application form and attach the required documents to submit the application
- You can track the application status and download the DIN right from the MCA portal
Choose A Unique Company Name
- Research and choose a unique company name that does not match existing registered trademarks
- A unique brand name that reflects your industry and business goal
- Do checkout domain availability for branding and online advertising
- Register your company name on the MCA (Ministry of Corporate Affairs) portal
File The Memorandum of Association (MoA) & Articles of Association (AOA)
- Research about the AoA and MoA
- Apply for AoA and MoA with Registrar of Companies (RoC):
- Prepare required documents & pay application fees
- RoC verify documents and accept your application
- Receive your Certificate of Incorporation.
These are the steps to register a company in India. However, if you are thinking of quick and super-easy company registration in India, you should consult with Juststart’s expert lawyers or chartered accountants.
Their in-depth knowledge and experience can not only offer smooth company registration but also unlock more opportunities for better financial growth through their business advisory.
Want to register your business with zero complications? India’s one of the most prominent business advisory firms such as JustStart can help. Visit their website and consult one of their experts right away!