Online Company Registration in India
First step company Incorporation in India is the availability of its name. For this you can propose any suitable name, provided it is not prohibited under the Indian Companies Act, 2013. You have to suggest 6 names on priority wise. Application for the name has to be filed in Form INC-1 along with fees. Form INC-1 will be signed digitally and thus the applicant must have Digital Signature. At this stage Form INC-1 should be filed electronically. DIN of the proposed Directors has to be obtained at this stage. If proposed Company Incorporation in India is WOS (wholly owned subsidiary) company of the foreign company, a Board resolution on the letterhead of foreign company for
allowing to use the name and authorizing to incorporate a company in India is required which should be countersigned by Indian Consulate in the Indian Embassy there. For using the word ‘International, Industries, Corporation, etc., different slabs of Authorized capital have been prescribed. In the case of Foreign Directors/ Promoters/ Corporates, they are not required to be physically present in India, if they authorize any Indian resident on his/her behalf to digitally sign the incorporation forms.
Basic requirements of Online Company Registration
There are a few requirements to be known before initiating a Private Limited Company in India:
● The private limited company must have a unique name which should not be the same as any other registered company and trademark.
● It is mandatory for a private limited company to have a minimum of two directors.
● As well as, it is necessary to keep in mind that the private limited company should have a minimum of two shareholders.
● All directors & members of a private limited company should have a digital signature certificate which will be used to register a private limited company.
● There is no minimum capital required for initiating a private limited company
● The process of online company registration is quite simple; make sure that you have a unique name for your company which will surely help you with quick company registration.
● You must avoid any offensive name for your private limited company registration.
A private company may be formed as per section 3 of the 2013 Act by two or more persons by giving their names and complying with the requirement of the registration process given under the provisions of the said Act.
The following documents and information are required to be filled with the registrar within whose jurisdiction the registered office of the registering company is situated:
● The memorandum and articles are duly signed by all the subscribers of the memorandum in the prescribed manner.
● A declaration by the advocate, chartered accountant, cost accountant or company secretary in a prescribed manner who are engaged in the incorporation of the company and also by the persons named in the articles of the company as a director, manager or secretary of the company that all the requirements of Registration prescribed under the Act are complied with.
● An affidavit from each subscriber to the MOA and the person named as the first director in the AOA of the company that he is not convicted for any offense related to the formation, management and promotion of the company and has never been guilty of fraud or a breach of the company
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