Call Our Experts +91 72999-72500 to Start a business in India has become very easy through the government’s many free company registration schemes. However, there are several other steps that must be followed if one wants to successfully register a company. In order to get registered with the government, you will have to follow all the guidelines and follow every single rule prescribed by the law. Hence, a lot of time, effort, and money is needed in order to successfully incorporate your company.
Even though Government is saying that ZERO Company Registration Fee, we have to spend at least Rs.4000/-Rs.6000/- for the New Digital Signature, Stamp Duty, Name Approval Charges, and Consultants Fee. Hassle-Free company registration in India is a very good option for small entrepreneurs who wish to set their own venture in India. However, there are few prerequisites for starting a business in India that you should consider before registering your company name in the country.
3 Basic Steps For a Free Company Registration
Free company registration in India is not easy, this is because the registration process depends mainly on three things namely the amount of capital required, type of business, and most importantly, your office location. There are many online agents who will give you the best advice depending upon your requirement as per the norms and regulations of the Indian government. However, it is also necessary to know about the local procedure so that you do not end up in something that you never wanted. If you wish to start a new business or run an existing one then you should ensure that you make proper use of the resources available on the internet and find out how to register a company in India.
The procedure of free company registration in India can be divided into three steps, which are explained below:
- Application of Name Approval
- Registration of Registered Office and
- Submission of MOA and AOA for Incorporation
If you successfully complete all these three steps and if your company file has not been rejected by the Registrar of Companies, then you can plan your business expansion in the country.
Starting a Business in India – How to Get Free
Nothing is Free in this world. It is very important to know more about the procedures involved in the registration of a Company in India as you can be benefited in a lot of ways if you use it properly. You can learn about the legal significance of different types of business structures, the significance of Indian office space, and the significance of different rules and regulations for various types of businesses. This way you can make sure that the procedure of business registration in India fits your requirements perfectly and you are able to do something right from the very first step. When it comes to the business structures, there are many instances where it has been observed that companies do not have any idea about the legalities related to the registration of company and this is why it has become very essential for people to gain complete knowledge of the procedures involved in business formation in the country.
It is important for you to gain complete information about the cost of starting a company, the cost of company registration in India, the cost of maintaining the office, and other expenses involved in the process of company registration. This is because in recent times most businessmen have realized the potential of using the internet for their business requirements. This has made it possible for entrepreneurs to save a lot of money. This also allows entrepreneurs to save the time required while conducting the necessary research on the regulations of the country. All these aspects help entrepreneurs to save a lot of money. This is the reason why the number of entrepreneurs looking for free company registration in India has increased in recent times. However, it is important for entrepreneurs to conduct proper research before the process of company registration in India. Because the cost of company registration in India has been on the rise.
Free Company Registration in India – Completely Online Process
If you are looking for free company registration in India, then there are a variety of options that can help you get your business registered in India. In this article, we will talk about how to open an offshore company, how to start a company in India, how to register a company in India, how to buy company shares in India, and how to run your company profitably. This article assumes that you are aware of the laws that govern offshore company formation in India and understand basic company formation procedures.
One of the most common types of company registration in India is that of a Limited Liability Company. As the name suggests, This is an ideal option for people who do not wish to expose their assets in their own name but want to limit their liability. The company can only perform legally if the shareholders meet all the requirements laid down by the law.
There are many reasons why people choose limited liability company registration in India. One is that these companies have very few chances of failing since the shareholders will be responsible for all the debts of the company. This reduces the risk that the company faces in case there are defaults. Thus it attracts more investors than the other options that exist in the market.
People often ask why a company needs to have separate legal and accountancy documents. The answer is that in order to conduct trade and benefit from the privileges and advantages of the corporate world, the company needs to comply with all the rules and regulations of the corporate world. Each business is unique and has its own set of pros and cons. Some businesses have high overhead costs that make them unviable. However, as we all know, in the corporate world, the first impression always counts.
Online Company Formation Process in India
Free registration in India is not completely an online process, though. Even if you do not pay any registration fees, you will still need to get in touch with the Registration Department. If you are doing so, then you will probably have to wait for up to 7-10 Days as Time Taken for Company Registration Application to be processed. But if you want to get in touch with the right kind of people and get all the document proofs quickly, then you should definitely opt for an NRI company registration. Since registration is free in India, it is the perfect platform to test the skills of professionals.
Before you actually register your company, you should first make sure that you have all the documents ready. For example, you should have the complete set of accounts and documents, and a registration fee paid for by you. Once you have done that, you should go ahead and fill the registration form. Once the registration has been completed, you will get a confirmation from the Registration Department, which will also tell you how to proceed further. So, now you can sit back and relax as you start building your company profile and look forward to receiving a vast number of business opportunities and salary payments from across the country.
Free Company Registration in India – Register For Free Online!
How to start a company in India with no money or very little funds? This question has been bothering the minds of business owners for a long. Today, it is possible for anyone in India to open an offshore company by availing of the service. Ministry of Corporate Affairs helps entrepreneurs and businessmen register their companies with their respective ministries of state to get various official benefits. For instance, to start a company in India with very less capital one need not pay even a single Rupee as Company Registration Fee to the government.
Cost of Registering a Company Online in India
How much does it cost to start a company? Starting a company with a very low capital also has its share of demerits. On the contrary, people from all over the world looking for a haven for their investments can opt for Company Registration in India. Moreover, if you wish to register your company in India for free then you can do so after verifying the details of the Company Registration Process from the Government of India.
Now that you have decided to establish a private limited company in India, you must be wondering about the different ways of registering the same. A private limited company is not a corporation and hence its registered status is not the same as that of a public company. Thus, to establish a company in India, you need to follow certain rules. First of all, you need to decide upon the name of your company. It should be easy to spell and should be related to the business you are into. You can choose to register the name of your company as ‘Private Limited Company’ or ‘India Private Limited Company’.
Before you proceed any further, you must ensure that you understand the policies of India regarding the registration of the company. Sometimes, company registration in India requires prior permission of certain Ministries, it is essential to approach the ministry for the same. However, before you proceed with any other steps you will need to contact them for the same.
How to Select Best Type of Business Structure in India
To make the entire process easier for you and to get started fast, you can rely on resources that will provide you with all the assistance you need in order to register a company. It starts off by helping you choose the name of the organization. Then it helps you design a complete business structure based upon your choices. Based upon your choice of structure you can choose either to create a Private Limited or OPC Private Limited. Moreover, depending upon the type of business you are into you can also opt for different types of registration.
In the case of choosing to create a Private Limited Company, then all you need to do is follow the procedures provided by the government of India. However, if you are not sure of how to go about the entire procedure of creating a business entity then it is best that you contact a reliable Online Company Registration Service Provider who will provide all the assistance you require while registering a company in India. Moreover, registering a company is also very easy by following all the procedures explained here as well as by searching various websites over the internet.
Free Company Registration in India – Is it Possible?
The procedures and guides on how to register a company in India can be quite confusing, so it is advisable to get help from professionals who are familiar with these procedures and guides. Registration of a business in India is considered one of the most complicated processes there is. However, there are ways that can make things easier for you. In India, it is a must to follow the rules and regulations of the law in order to effectively carry out business operations. This is because the government has made it compulsory for all businesses to comply with the rules regarding the payment of taxes and other registrations.
Before getting into any company registration procedures in India, you should consider the type of business that you want to establish. This is important as this will help you establish the correct company structure. There are two main business structures – the LLP Company and the Private Limited organization. The One Person Company is considered the easiest to register as all the members contribute to the activities of the company without any interference from other individuals or groups.
After considering the above-mentioned points, you should look into the methods to get the company registration done. The first step is to contact a chartered accountant or an online company registration firm like filingpoint.com. They will provide you with all the required information on how to proceed further with the company registration. You can either choose to do it yourself or have a professional accountant do it for you.
When you look at the cost of registration and the different types of company registration in India, you should compare them with the resources and services that other countries offer to facilitate such registrations. For instance, in India, when you wish to get a company registration, you are required to pay a registration fee of Name Approval and you cannot trade or do business without a Certificate of Commencement. You are also not allowed to carry out any trade or commerce with people or entities of that particular country. In other words, you can trade with other companies or individuals of that country but when you wish to do business within your own country, you need to register as a domestic corporation. Furthermore, when you wish to form a limited liability partnership or a corporation in India, you will be required to provide a certificate of registration which will be valid for one or two years.
As far as the cost of forming a limited liability partnership or corporation in India is concerned, it will be around forty bucks. However, when you compare it with the cost of registering an international company, it will turn out to be only twenty dollars. There is also no income or capital gains tax that you will have to pay in order to become registered as a domestic or foreign company. On the other hand, you will have to pay income tax to the government of the country where your business operates.
Free company registration in India can either be done through state-level registration or through the central registration process. If you wish to do the registration at the state level, you should contact the department of revenue. There you will have to provide information such as your name, office address, its nature of business, and its objective. Once the registration is done, you will be provided with a registration number. This number is then handed over to the concerned authority who will issue a license allowing you to trade legally within the Indian market.
However, if you do not wish to go through all the procedures of the government, opting for the professional tax registration services offered by some reliable companies will be of great help. Most of the professional tax registration services in India are backed by experienced and qualified officials who are authorized to deal with all the formalities involved in the process. They take care of everything from submitting the right documents to collecting the fees payable. Hiring their services ensures that you do not face any issues pertaining to the payment of the fee or the submission of the necessary documents. You can save a lot of time and money by opting for the professional tax registration services offered by several companies operating in India today.
Contact Our Registration Experts in Chennai India
Call Our Consultants @ +91 72999-72500 . We are one of the Best Business Consultants in India. FilingPoint Provides Hassle Free Company Registration Services in India Chennai and Compliance Services for the Startups.