If you plan to begin a private limited company in India, one of the necessary things that you will have to perform is its registration. Through the registration, your company will have various benefits. Every private limited company in India needs to register to have a proper and real existence. It provides a legal entity to the company, which makes the company’s operations easier. This article will talk about the steps of company registration in Gurgaon. However, before starting the steps, we will look at what company registration is and why doing company registration is important.
What is a Company Registration?
Company Registration refers to a primary process through which owners of a business establish their company. It helps a company to offer protection against liabilities that will lead to the protection of the company’s assets. Company Registration in Gurgaon may also attract more customers to the company, increasing the company’s growth and expansion process.
Requirements for Company Registration in Gurgaon
For the company registration in Gurgaon process, certain criteria need to be met.
- A minimum of two directors residing in India. The maximum number of directors should be fifteen.
- There should be a minimum of two shareholders and a maximum of 200 for company registration.
- A registered address of the office of the company.
- The company should have a unique name for company registration.
Steps for Private Limited Company Registration in Gurgaon
You will need to follow certain basic steps for completing your company registration. The steps include:
Step 1: Application for the approval of company name
The registration of the name of your private company is a vital step for new company registration in Gurgaon. You must submit two proposed names as per your preference order, business objective and your statutory fees to the MCA.
Ensure that the names should not have any punctuation marks and are unique for company registration in Gurgaon. If the MCA founds anything otherwise, the entire process gets delayed, and you need to submit names again. After the approval, the name stays valid for 20 days, within which you will need to complete every other formality.
Step 2: Application for Digital Signature Certificate
Digital Signature refers to an online signature required for online document filing. During company registration in Gurgaon, it is required by every shareholder and direction of the company. Therefore, applying for it is necessary. You can apply for the signature and the name approval simultaneously. However, if the directors and shareholders already have DSC, this step is no longer necessary.
Step 3: Preparation of documents and forms filing
After completing the process for name approval and DSC, the next step includes filing forms with MCA, i.e., Agile Pro, Spice + Part, Spice AOA, INC 22, and Spice MOA. The forms consist of vital information such as the directors and shareholders’ details, authorized and paid up capital of the company, the registered office of the company, etc.
Step 4: Receiving the Incorporation Certificate
After the submission of documents is completed, they will be verified by the Registrar of Companies or ROC. Once that is over, your company will receive an Incorporation certificate. It will be received within 7 to 12 days after the verification. The receiving of the certificate will end the process of company registration in Gurgaon.
The certificate will contain the name and registered address of the company along with a 21-digit Corporate Identity Number or CIN, which the MCA approves. It will act as the birth certificate of the company and will also be proof of your company registration.
Step 5: Opening a Bank Account
Finally, after receiving the Incorporation certificate and completing the company registration in Gurgaon, you need to open a bank account for your company. The account will be after the name of your company. To create the account, you will need to submit your incorporation certificate, AOA, MOA, and every other document stated by the bank.
After the account is created, you will need to deposit the paid-up capital of your company in the account. You need to fill out INC-20A with MCA to receive the certificate of commencement for your company.
Required documents for company registration in Gurgaon
For the company registration in Gurgaon, certain documentation needs to be submitted.
For every director and shareholder:
- A passport-sized photograph
- PAN and Aadhar Cards
- Voter ID or Passport or Driving License
- Their telephone or electricity bill is not older than two months. The bank account statement will also suffice for the company registration in Gurgaon.
To prove the address of the new company:
- Telephone or electricity bill which is not older than two months.
- The sale or title for the owned property and rent agreement and NOC for rented property.
Submissions for Company Registration in Gurgaon
- Appointment of a statutory auditor within thirty days of incorporation of the company for company registration.
- After company registration, the company needs to file its income tax return in Form ITR 6.
- After company registration , your company needs to file its MCA annual return in Form AOC 4 and MGT 7 every year.
- The DIN KYC process also needs to be fulfilled every year for the company directors for company registration in Gurgaon.