COMPANY REGISTRATION
Company Registration has been made a simplified task once you associate with DCS. The entire process of Company Incorporation has been made electronic. Whatever is your distance from us, all we need is one e-mail from you and we start the work for your company incorporation. You can be assured that maintaining your privacy is our responsibility and we shall keep up to your trust. You shall have direct contact with the Team Leader engaged in your project to have all the information and update you require. We also ensure Post Incorporation Support which encompasses a wide array of services.
How to Register a Company?
DIN Application
Director's Identification Number (DIN) has been made mandatory for all the individuals who wish to be appointed as a Director in the proposed company. We help you register your DIN at the MCA Portal without any complications.
Drafting your Memorandum & Articles
It is compulsory for a Company to have its Memorandum & Articles of Association prepared and printed. Memorandum of Association states the object of incorporation of the Company and states scope of its activities whereas Articles of Association regulate the internal management of the Company. DCS drafts the apt MOA & AOA for your upcoming company.
ROC Forms & Compliances
Since the Company Incorporation Process has been made electronic, all we need to do is to file the forms at the MCA Portal with all the attachments signed & scanned. These forms need to be digitally signed and uploaded at the Portal after payment of the requisite fees. The entire process of Company Incorporation, right from your Name Approval to getting your Certificate of Incorporation, has been made hassle free for you.
PAN/TAN Registration
Obtaining PAN& TAN has been made mandatory by the Income Tax Department for any Company registered in India. In your association with DCS you don't have to go anywhere else for these services auxiliary to Company Incorporation. In addition to your Company's Incorporation we will also look into the PAN & TAN Registrations with the Income Tax Department.
Local Registrations (Trade License, etc)
We provide assistance in your registration with the Professional Tax Department, obtaining Trade License and other local registrations and other basic compliances to continue uninterrupted operation after your set up.
Frequently Asked Questions
What is Company
A Business entity formed by a people or a group of people with the common objective to carry on any business or activities. It is separate entity distinct from the persons who owns or manages it.
- A Company can be formed to earn profit or as a Non-Profit organization.
- A Company may be limited by Shares or by guarantee.
- The Shareholders are the owners of the Company.
- AOA and MOA are the important documents which contains the rules and regulation of a Company.
2.How many TYPES OF Companies can be incorporated in India?
The following class of Companies can be incorporated:
- Private Limited Company
- Public Limited Company
- One Person Company
- Section 8 Company
Which form of business is more regulated?
In India, Company is the form of business that is highly regulated. Companies are governed by Companies Act 2013, which has more than 600 sections.
Which forms of Business is suitable for carrying operations on medium or Large Scale?
Company is the most recommended form of organization for carrying business on medium or large scale due to the following:
- Highly recognised form of Business;
- Large sources of fund raising;
- Recognized by Financial Institutions and Investors for lending;
- Regulated form of Business.
What are the basic tax numbers that are generally required to for every business?
In India, basically there are two types of tax numbers, which are outline bellowed:
- General tax numbers:Tax Numbers like PAN& TAN are generally required to be obtained by all types of business.
- Specific Registration:These registrations are required based on the nature of business carried by the organization.
What is Authorized Share Capital?
Authorized Share Capital means such capital as is authorized by the memorandum of a Company to be the maximum amount of Share Capital of the company. It can be altered from time to time.
What is Paid-up Share Capital?
Paid-up capital refers to that amount which has been received by the Company from the shareholders in lieu of Share Capital issued to them.
Paid-up capital refers to that amount which has been received by the Company from the shareholders in lieu of Share Capital issued to them.
There is no minimum capital requirement to form a company:
Earlier, there was a limit of Rs 1, 00, 000 for a Private Company and Rs 5, 00, 000 for Public Company.
How to increase Authorized Share Capital?
- A Provision in Articles must be there to increase Authorized Share Capital of the Company.
- If there is no such provision, we need to amend the articles first, by passing Special Resolution.
- Convene a Board meeting, wherein the date, place and time of EGM are to be decided. A notice for the same will be issued to every shareholder of the Company.
- Votes from the shareholders have to be obtained for approval of Increase in Authorized Share Capital.
- At EGM, Ordinary Resolution is to be passed to increase in Authorized Share Capital of the Company.
- Within 30 days of passing of Ordinary resolution, FORM SH-7 must be filed with ROC.
- Requisite documents to be attached along with FORM SH-7.
- After the approval of attachments and FORM SH-7, ROC shall approve the increase in Authorized Share Capital.
- After getting approval from ROC, Company can increase the paid-up share capital by issuing fresh equity shares.
What are the advantages of a Company?
- Liability of the shareholders is limited to the extent of face value of shares held by them. Thus the investors have a sense of security while investing.
- The management hierarchy of a Company is very clearly defined. Hence it becomes easy to appoint, retire or remove directors.
- There are more regulations governing this form of business than the others. Hence, there is more public confidence.
- A Company enjoys high credibility as the books of accounts and other documents are available for public vigilance.
- The winding up of the Company is also regulated by law. Hence, it becomes easy to dispose off this form of business.
- The Status of this form of business is comparatively higher compared to the other forms of business.
- A Company has a distinct entity from its owners. Hence it can sue or can be sued in its own name.
What is Certificate of Incorporation?
A Certificate of incorporation is a legal document evidencing that a Company has been formed legally. This is the final step of Incorporating a Company. In short, it is considered as a Company’s birth certificate.
What are the contents of certificate of incorporation?
- Name of your Company;
- Registered Number allotted by MCA to your Company;
- Registered office of the Company;
- The date of its Incorporation;
- Type of Company you have set up.
What is AOA?
The Articles of Association contain the regulations for the management of the Company. This document contains rules, regulations and bye-laws for the general administration of the Company. The articles of a Company shall be in respective forms specified in Tables F, G, H, I and J in Schedule I as may be applicable to such Company.
What is MOA?
Memorandum of Association is the document that states the name, address of Registered Office, Objects of the Company and other incidental matter. This is accessible to the Public. The memorandum of a Company shall be in respective Forms specified in Tables A, B, C, D and E in Schedule I as may be applicable to such Company.
Who can be Director of Company?
Any Individual having 8 Digits Valid DIN and not disqualified u/s 164 of Companies Act, 2013 from becoming Director Can become Director of Company. A Person over age of 21 years can only be director of the Company. No professional or specific qualification is required to become director of any Company.
What is the Responsibility of a Director in A Company?
In general, a Director is responsible for day to day compliances of the Company:
- A Director should attend all meetings;
- Whatever changes are happening in a Company, a Director should be aware of the Changes.
- Director handles the business activities of the Company.
- A Director needs to act honestly;
- To form opinion on anything on reasonable basis.
A Director must promote or contribute to the Company’s Success
Section 166 of the Companies Act, 2013 laid down specifically the duties of director to be followed by a Director in a Company.
What is DIN? Is it necessary for a Director to have Valid DIN?
A Director must have Valid DIN. DIN (Director Identification Number) is the 8 digit number allotted to each and every director of the Company.
A person wants to become director have to apply for DIN Number, issued by Ministry of Corporate Affairs (MCA).
DIN Number is valid for Lifetime. A Director will have only one DIN Number. If Director gets appointed as a director in more than one Company, same DIN Number can be used by the Director.
What is DSC?
DSC stands for Digital Signature certificate. DSC is the digital equivalent (i.e., electronic format) of physical or paper certificates. Digital Signature is issued for a specific time. After the expiry of specific time, one needs to renew their DSC.
Why DSC is required?
As physical paper needs to be signed manually, in the same way E-forms are required to be signed electronically using Digital Signature Certificate. For Company registration, DSC of Director is required.
How many types of DSC Classes are there?
Basically, there are three different types of DSC classes issued by certifying Authorities.
- Class 1 Certificate
- Class 2 Certificate
- Class 3 Certificate
DSC of either Class 2 or Class 3 signing certificate category issued by a licensed Certifying Authority (CA) needs to be obtained for e-Filing on the MCA Portal.
Who is a Resident Director?
As per Section 149(3) of the Companies Act, 2013, Every Company shall have atleast one director who stays in India for a total period of not less than one hundred and eighty-two days during the financial year.
Who is Woman Director?
The below-mentioned Companies shall have to appoint atleast one Woman Director in a Company:
- Every Listed Company;
- Every other Public Company having;
(i) Paid-up Share capital of Rs. 100 Crore or more;
(ii) Turnover of Rs. 300 Crore or more.
Who is Small Shareholder Director?
The Companies Act, 2013 defines “Small Shareholder” as a shareholder holding shares of nominal value of not more than twenty thousand rupees or such other sum as may be prescribed.
Section 151 of the Companies Act, 2013 governs the provisions of appointment of “Small Shareholder Director” elected by Small Shareholder.
What are Section 8 Companies?
Section 8 Companies are the charitable organizations registered in the form of Companies.
What is Public Company?
Section 2(71) of Indian Companies Act, 2013 defines Public Company as a company which -
- Is not a Private Company and,
- Has minimum paid-up share capital as may be prescribed.
A Private Company that is subsidiary of a Public Company shall deem to be a Public Company.
What is the Features of Public Company?
- A public limited company is a Company limited by shares;
- No restriction on the maximum number of shareholders, transfer of shares and acceptance of public deposits.
The Shareholders liability is limited to the extent of the unpaid amount of the face value of shares and the premium thereon in respect to shares held by a shareholder.
What is Private Limited Company?
Indian Companies Act, 2013 defines Private Company as a Company having minimum Paid- up Share Capital as may be prescribed and which by its Articles-
- Restricts the right to transfer its Shares;
- Limits the number of its members to 200.
Is there any kind of mandatory requirement to form a Private Company?
- No minimum Capital requirement is there to form a Private Company.
- Minimum two individuals are required as directors of the Company.
- A Company can have maximum fifteen directors.
- While Registering Company, some documents like DIN of the Directors, AOA, MOA, Directors’ identity documents will require mandatorily.
How to Register a Private Company?
MCA has come up with a new Integrated Web-based Form SPICE PLUS for incorporating a Company replacing an existing SPICe Form.
This SPICE PLUS Form integrates various services from various Ministries and Government.
Along with Company Registration, we can also apply for Employees’ Provident Fund Organization (EPFO) and Employees’ State Insurance Corporation (ESIC) registration.
By applying through SPICE PLUS on MCA Portal, one can register a Private Company.
How to convert an existing Private Company/ Unlisted Public Company into LLP?
Any private company/ unlisted public company that is willing to get converted into LLP need to apply through Form 18 (Application and Statement for conversion of a private company/ unlisted public company into limited liability partnership (LLP)). Form 18 needs to be filed along with Form 2 (Incorporation document and Subscriber’s statement)