Why Do We Need To Apply For Company Registration In India

When you own a business its better get a company registration.For being eligible for company registration, your start-up must fulfill basic requirements under the Companies act 2013. Company registration process can be easily completed in just 5 simple steps. Following is it’s summery.

Follow 5 Simple Steps for Company Registration in India.

1. Start by arranging basic documents of directors of your company and apply for DSC.
2. You have a choice to reserve a unique name for your company through RUN service available on MCA portal.
3. Now prepare the memorandum of association and article of association along with other documents.
4. Now next will be filing SPICe Form along with incorporation documents with ROC.
5. After considering the application, ROC will company’s COI.

Why Get a Company Registration for Your Company?

You might wonder at times why get company registration done? Why register start-ups as a company? But it has its advantages and benefits along with mandatory requirements in some cases. The benefits are listed below: –

Separate Legal Identity

In case of the regular or general partnerships, the personal possessions like the savings and the properties of the partners would be at risk. Like when a business is incapable of making their payments for the loans they took. But in case of a registered company only the investments in the business is lost the personal possessions of the directors remain completely safe.

Funds and loans can be raised easily

After the online company registration procedure, the company will enjoy a wide variety of options for raising funds through the bank loans, the angel investors and venture capitalists in comparison with the regular or a normal partnership.

The favorite business structure for the investors.

Most investors usually love to make an investment in a private limited company, so when you have a company registration, you will surely get these benefits. A company is usually well structured and has usually less of the strings attached. And the most important thing to mention here is that it’s very easy to exit from a private limited company when you wish.

It’s Easy to Attract Quality Team with a Company Registration.

For any of the start-ups, tobuild a team and retaining them for a long time is a challenge in itself and due to confidence attached with the company structure, it’s rather easy to hire key employees as well as to motivate them with corporate designations and the stock options.

Easy to Sell

A registered company is easy to sell.as regular compliances ensure minimal documentation requirement and less costing for sale of the private limited company.

Minimum Requirements for Company Registration

• Minimum of 2 shareholders
• Minimum of 2 Directors
• OPC should be minimum 1 shareholder and one that’s been the nominee for the director and shareholder.

Hope it brings in some clarity for company registration, in case of further queries reach experts at Swarit Advisors we can provide reliable support and help anytime when you require. Get your registration done in a hassle-free way. Our professionals have years of experience in handling the queries and issues occurring while applying to the online registration process. Rest assure us we will help you with the best solution.

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