How to Register a Company

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A private limited company is popular for startups due to its benefits like limited liability and ease of raising funds.

 


Starting a new business is an exciting journey. Registering your company is one of the first and most crucial steps. As an entrepreneur, you might have many questions about the process and costs involved. In this guide, I'll walk you through the process of registering a company in India, focusing on private limited company registration fees, Startup India registration fees, and Gem Registration.


Choose Your Company Structure
First, decide on the structure of your company. The most common types are:
Private Limited Company
Limited Liability Partnership (LLP)
Sole Proprietorship
Partnership
A private limited company is popular for startups due to its benefits like limited liability and ease of raising funds.
Obtain Digital Signature Certificate (DSC)
Next, obtain a Digital Signature Certificate (DSC) for the proposed directors. This is necessary for online filing. You can get the DSC from certifying authorities like eMudhra or Sify.
Apply for Director Identification Number (DIN)
After obtaining the DSC, apply for a Director Identification Number (DIN) for all proposed directors. This can be done through the Ministry of Corporate Affairs (MCA) portal.
Name Approval
Choose a unique name for your company. Ensure it adheres to MCA guidelines. You can check the availability of the name on the MCA portal. Once you have a name, file the RUN (Reserve Unique Name) form for approval.
Prepare Documents
Prepare the necessary documents for registration. These include:
Memorandum of Association (MOA)
Articles of Association (AOA)
Identity proof and address proof of directors
Proof of registered office address


File for IncorporationFile the incorporation documents online through the MCA portal. Use the SPICe (Simplified Proforma for Incorporating Company Electronically) form. Upload the required documents and pay the necessary fees.


Private Limited Company Registration Fees


The fees for registering a private limited company vary. They depend on factors like authorized capital and state of incorporation. Typically, the cost ranges from INR 6,000 to INR 30,000. Deeksha Khurana at Taxlegit provides excellent consultation on private limited company registration fees, ensuring transparency and compliance with legal requirements.
Obtain PAN and TAN
After incorporation, apply for the company's Permanent Account Number (PAN) and Tax Account Number (TAN). These are essential for tax-related matters.

Startup India Registration Fees


If your company qualifies as a startup, register under the Startup India initiative. This provides benefits like tax exemptions and funding support. The registration process is straightforward and involves minimal fees, making it accessible for new businesses.


Gem Registration


To do business with government departments and PSUs, register on the Government e-Marketplace (Gem). Gem registration opens doors to a vast market and helps in scaling your business. The registration is free, but you may incur some costs for document preparation and professional assistance.
Post-Incorporation Compliance
Once registered, comply with post-incorporation requirements. These include:
Appointing an auditor within 30 days
Conducting the first board meeting within 30 days
Issuing share certificates to shareholders
Filing annual returns and financial statements


Conclusion


Registering a company involves several steps and can be complex. However, with proper guidance, it becomes manageable. Deeksha Khurana at Taxlegit offers expert advice on Startup India Registration Fees and other related matters. This ensures your company is set up
correctly and complies with all legal requirements. By following the steps outlined above, you can successfully register your company and focus on growing your business.
Registering a company is the first step towards a successful entrepreneurial journey. Whether you are a startup or an established business, understanding the registration process and associated fees is crucial. With expert guidance from Deeksha Khurana and Taxlegit, you can navigate this process smoothly, ensuring a strong foundation for your business.

 

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