How to register a company in India?

For incorporation, an application has to be filed with Central Registration Centre (CRC), Ministry of Corporate Affairs. The Government of India has integrated and revamped the process of incorporation through Form SPICE+ which facilitates many other necessary and mandatory registrations/licenses covering Income Tax, Goods and Services Tax, Social laws (ESIC, EPFO, Shop and Establishment Registration and Professional Tax Registration) and even opening a bank account.

What are the basics for incorporating a Company(Private Limited) in India?

• Proposed Name:

This shall be the foundation stone of the prospective company, the first would be to decide a name of the company and check with the name availability with CRC in its records.

• Directors:

Minimum 2 Directors, 1 being a resident director i.e a director who stays in India for a total period of not less than 182 days during the financial year;

• Shareholders:

Minimum 2 Shareholders, whether Body Corporates or Individuals or combination of both;

• Registered Office:

The place of Registered Office (R.O.) of the Company should be decided considering various factors such as specific state taxes, ease of business, availability of resources, etc. In case of legal disputes, the jurisdiction of the court is determined by the location of the registered office of the company. This, therefore becomes an important factor to be considered before incorporation. Shifting of registered office from one state to another is allowed however it may take some time. Irrespective of the location of the registered office, a company can do business throughout India;

• Capital:

There is no minimum capital requirement prescribed for incorporating a private company. However, the amount equivalent to paid-up capital of the proposed Company should be paid/received within 180 days of incorporation.

For detailed procedure of Incorporating a Company in India, please visitIncorporating a Private Limited Company in India – Non-Resident Perspective