Introduction: What is a Business Registration and Why is it Important?
keywords: business registration, business registration in india, what are the benefits of registering your business
If you are starting a business in India, it is important to register your business. This is the first step towards formalizing your business and will help you avail a number of benefits.
Plenty of people want to start their own business, but the process of setting up a new company in India can be quite tedious.
The process of starting a business in India can be frustrating and difficult. It is important to understand the steps you need to take before registering your business.
The registration process for a new business in India can be quite tedious. But if you follow the steps outlined below, it will not be difficult at all.
How to Register Your Business in India
keywords: how to register a business in india, what is the process of registering a business in india, steps to register a company in india
The process of registering a company in India is quite simple. All you need to do is to follow the following steps:
Apply for incorporation from the Registrar of Companies (ROC)
Fill up registration form (Form INC-1)
Get the certificate of incorporation from ROC
Appoint a statutory auditor, if applicable
Appoint a company secretary, if applicable
Fill up Form INC-2 and submit it to ROC along with the documents listed in step 4.
You are here to find out about how to fill up Form INC-2 and submit it to the ROC along with the documents listed in step 4.
How Much Does it Cost To Register A Company In India?
keywords: cost of registering a company in india, how much does it cost to register a company in india
The cost of registering a company in India depends on the type of company you want to register.
There are two types of companies, public and private. Public companies are those that offer shares or stocks to the public and can be listed on the stock exchange. Private companies do not offer shares or stocks to the public but instead have their businesses owned by a few individuals.
Public vs. Private Companies
Public companies are relatively more expensive than private ones because they require more work and investment from the government. In order to register a public company, you will need to pay an additional fee for its listing on the stock exchange which is currently around Rs 500,000 (US$7,500).
Public companies are relatively more expensive than private ones because they require more work and investment from the government. In order to register a public company, you will need to pay an additional fee to the government in addition to the investment you make in your company. However, public companies have advantages over private ones because they can sell shares which can lead to increased revenue and easier access to loans.
What Documents are Required for Indian Business Registration?
keywords: documents needed for registering your business in india, list of documents required for registration of an Indian company
In order to register your Indian company, you will need the following documents:
1. A Memorandum of Association (MOA)
2. Articles of Association (AOA)
3. A Board Resolution (BR) authorizing the MOA and AOA, and confirming that all requirements have been complied with
4. Two copies of Form INC-1
5. Two copies of Form INC-2
6. Copy of the latest balance sheet and profit and loss account
7. Copy of latest income tax return
8. Proof that funds have been deposited in a scheduled bank in India for at least three years
The Indian government has set up a new policy that all foreign investors will have to furnish proof of funds being deposited in the country for at least three years.
The Indian government has set up a new policy that all foreign investors will have to furnish proof of funds being deposited in the country for at least three years before they can invest their money. The move is meant to put an end to speculative investment and to weed out fly-by-night operators.
Conclusion: After reading this article you should be able to understand how easy it is to register your business and start operating legally.
This article has given you a few insights on the process of registering your business in India. You should be able to register your company and start operating with ease.
Registering your business in India is not as easy as it might seem. There are a lot of complicated steps you have to take and certain formalities that need to be followed. One of the most important formalities is submitting your application to the Registrar of Companies, which is an online process. Once you have submitted your application you will have to wait for 6 weeks for approval from the Registrar’s office before