MSME Day 2020: A Complete Guide to Register Your Company

MSME stands for Micro, Small and Medium Enterprises. To start a business in India Private Limited Company is one of the highly acclaimed ways. This kind of company offers limited liability for its shareholders with certain restrictions on ownership. A Limited Liability Partnership has partners who possess and manage the business. While in private limited company registration, directors may be different from the shareholders.

Register a company today to get tax benefits and funding. You can get your company registered in India in three simple steps.

 Get your directors registered with the MCA (Ministry of Corporate Affairs)

 Get guidance to select the right company name

 Draft your company's constitution (MoA and AoA)

A Certificate of Incorporation, along with PAN and TAN can be received after the approval of the company registration. Officially you can open a current bank account with the Certificate of Incorporation and start your business operations.

Checklist to Register a Company

As per the law in the Company Act, 2003 to get any company registered in India below is the checklist to be met.

Two Directors:

A private limited company must have a minimum of two directors and a maximum of 15. Out of all at least one must be a resident of India.

Unique Name

The company name must be unique. The name should not match with any surviving companies in India.

Minimum Capital Contribution:

For starting a company there is no minimum capital amount, it should have an authorized capital of minimum Rs. 1 lakh.

Registered Office:

The registered office of a company need not be an actual commercial space. A rented house can be the registered office, with an NoC obtained from the landlord.

Documents Needed

 Identity & Address Proof:

 Scanned copy of PAN Card/Passport (Foreign Nationals & NRIs)

 Scanned copy of Voter's ID/Passport/Driving License

 Scanned copy of recent bank statement/telephone bill/electricity or gas bill

 Scanned passport-sized photograph specimen signature (blank document with name and signature of directors only)

For the foreign nationals, apostilled or notarized copy of the passport has to be submitted without fail. All valid documents should be provided. For residence, proof latest bank statement or the electricity bill must be submitted.

*Apostille - An Apostille is a type of attestation in which documents are legalized in a particular format that is acceptable in all countries that belong to the Hague Convention. ... If a document is apostilled, it need not be attested.

You can find all the details related to the process of getting a company registers on your name from the website like Vakilsearch.com.

Vakilsearch has completed 600+ registrations in the last year. They have partnered with some of the top experts in business across India to get the registrations on time.