How to Register Your Dream Company in India Starting your own company is certainly a dream come true. You would have crossed various barriers to have landed at this stage. However, to take this dream forward there may be certain processes you may have to complete. One of the processes can be getting your new firm registered as per the guidelines of Government of India. Companies Act in India has been in existence since 1956. The Company Law defines the responsibilities of companies that are registered under the Act and protects the rights and sets guidelines for conduct. In this write-up, we will be discussing what company registration in India involves and the various factors within the company registration process which you may have to know when starting a business. As one of the top business consultants in Bangalore, we will also let you know how we can help you with the process. Read on to find out. What is a Company Registration in India? Company registration is the process of incorporating your business or entity and bringing it under the Companies Act of India. While registering a company is not mandatory for running a business in India, it has its own benefits. A business can get tax benefits, reduce risk, raise funds and have other advantages when you register a company under the Companies Act. There are a few steps involved in the registration of companies in India. As a business, the choice of the business structure under which you want to incorporate or register your company and finding a name that is suitable for your business/entity are few of the many things where you may require the aid of business consultants. Company Registration in India – Process Overview There are four steps involved in the registration of companies in India. Acquiring a Digital Signature Certificate followed by Director Identification Number, creating an account in the MCA portal and finally incorporating the business/company are the four steps.
Business consultants can help you in choosing the right business structure under which the company has to be incorporated. Finding a unique name for the company which does not match with other names in the register of the Ministry of Corporate Affairs can also be challenging since the name of your business may reflect many values and you want it to be the best. Choosing the Right Type of Business Structure for Registration Choosing the correct business structure is one of the crucial factors in the process of company registration. The taxation and the compliances that need to be met will be different for different business structures. The choice may have to do with your investment, the partners involved and other aspects. The investment your company attracts in the future may also depend on the business structure you have chosen for registration. For all these reasons, making a well-informed decision regarding the business structure becomes important. New Company Registration – Checking the Availability of Name The name of your business is one of the most important identities and you must make sure it has to be the best while it adheres to the guidelines set by the government. Apart from the fact that the name that you choose should not match or be similar to a company that is already registered in MCA’s register, there are other guidelines that you must be aware of. For instance, if your business is in the field of insurance or you are a mutual fund company and have the words “insurance” or “mutual funds” as part of the name of your business, you are bound to take approval from the concerned regulatory body before approaching the MCA for registering the name. A business consultant may help you by not only making you aware of the guidelines but also supporting you in choosing the best name that can reflect all values your business stands for. Skylark Professional Services – Your Ideal Business Partner Skylark Professional Services offers business consultancy and financial consultancy services in Bangalore. With Skylark, your start-up dream can get accelerated with fewer hick-ups since we take care of the company registration process and help you out in other ways to start your company.