STARTUP/COMPANY REGISTRATION IN MUMBAI

Introduction

Registering a company legally establishes and recognizes a company. A company’s registration gives it legal rights or acknowledgment in a certain jurisdiction. A registered company is a separate entity in the eyes of law and it comes with the benefit of limitation of liability and protects the shareholders from losing their personal assets during market breakdown or company losses. It makes the process of opening a bank account, acquiring a loan, or attracting funding from investors much more convenient. tax exemptions are available for registered businesses and start-ups. It also helps to develop the brand value of the business and establish credibility in the market. Lastly transferring a registered business is also facile. So, registering a business not only gives it recognition but helps in its expansion.

WHY CHOOSE US FOR COMPANY REGISTRATION IN MUMBAI AND OUR WORKING PROCESS

We, The Startup Gig assist our clients not only in incorporating the business but also in the pre-incorporation process to determine which type of entity will best suit the client and his/her company’s needs.

After that, we work on filing and submission of the necessary paperwork with the appropriate authority to get the registration done ensuring all the pre-entry and post-entry compliances are complied with. Our company is a start-up itself, works with the vision to make the journey for other fellow start-ups work, and aims to make the deals work. We understand the nuances involved in the process.  Each and every essential document is scrutinised and a legal vetting is done to ensure the way the business model operates is in accordance with the regulatory framework of the industry the company operates in.

We are a start-up-oriented firm that has helped multiple start-ups and investors to seal the deal by ensuring security and protecting their respective interests. Our pedigree in working with start-ups makes our approach more service-oriented. Our concrete recommendations and solutions will ensure smooth operations and reduce the risk of any potential pitfall. 

STEPS FOR REGISTRATION OF A COMPANY IN INDIA

The steps to be followed for the registration of a company in India are:

1.  Fill the DIN-1 form and acquire the director identification number (DIN). This has to be mandatorily obtained by the directors and in the company registration form, the name and address proof has to be provided.

2. For the directors and the members of the memorandum and articles of association, a Digital Signature Certificate (DSC) is mandatory.

3. The SPICe+ (Simplified Proforma for Incorporating a Company Electronically) e-form needs to be filled in to register on the MCA(Ministry of Corporate Affairs) portal to further proceed with the other form fill-ups.

4. After registering on the MCA portal, the certificate of incorporation of the company is issued once all the required documents are submitted and verified by the Registrar of companies.

Startup India: This has been built with the intention to build a strong base for the start-ups in India and reduce the regulatory burden on them so that they can focus on their core idea and business and this promotes the idea of ‘Atma Nirbhar Bharat’ and ‘5 trillion economies.’ Registering with Start Up India comes with a lot of benefits for the startups to kickstart their business.

After incorporating the business, start-ups

·  Need to register on Startup India and
·  Avail Department for Promotion of Industry and Internal Trade (DPIIT) Recognition.
·  After this, the recognition application needs to be filled and
·  Once the documents for registration are submitted, a recognition number is provided.

DOCUMENTS REQUIRED FOR A COMPANY REGISTRATION

The following documents are a mandate to get the company registered in India:

  • ROC issues an original copy of the formal letter regarding the company name availability
  • ROC issues an original copy of the formal letter regarding the company name availability
  • Digital Signature Certificate(DSC),
  • Director Identification Number (DIN),
  •  Registration on the MCA Portal,·    Certificate of Incorporation

The director(s)/shareholders of the company needs to provide the following documents:

  • Passport
  • Election Card or Voter Identity Card
  • Ration Card
  • Driving License
  • Electricity Bill or Telephone Bill or any other Utility bill
  • Aadhaar Card
  • PAN card 
  • Residential proof
  • Bank statement 

Proof of the Registered Office Address

  • The rent agreement or the notarized copy of the lease in the name of the company along with a receipt of rent paid not older than a month or,
  • The required registered document of the title of the office premises of the registered office in name of the company 
  • GST registration, ROC registration, PT registration, PF registration, and ESIC registration.

Apart from these, the following documents referred to as NOC by the landlord are needed to be additionally provided:

  • Electricity bill or Gas bill or Water bill or Telephone bill depicting the address of the registered office and not more than two months old. 
  •   Sale deed
  •   Property Tax Receipt

In the case of a partnership firm, with two or more owners, the partnership deed and bank account details are required. 

In the case of a Public Limited Company, besides the Utility bill, Address proof, Pan Card details, the Memorandum of Association, and Articles of Association are required.

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Frequently Asked Questions for Company Registration

Is company Registration required?

Yes, it is because a company which is not registered does not exist in the eyes of law

What is CIN?

CIN or Corporate Identification Number is a unique number used to find out the basic details about any registered company in India. It is assigned by the  Registrar of Companies (ROC) and it is mandatory to have this number to conduct business as a company in India

How many digits in the company registration number?

There are 21 digits in a company registration number

  • No. L72200WB2011PLC123456
  •  WB shows the state WEST BENGAL
  •  2011 shows the year of incorporation
  •  L stands for Listed
  •  72200 depicts the industry to which the company belongs
  •  PLC stands for Private Limited Company and the
  •  123456- the last five digits are the ROC number.
How is CIN different from CRN?

CRN or Company Registration Number is a six-digit number which  is used to identify the company and verify whether it is registered or not.