Company Registration
Starting a new business is an exciting journey into new ventures. However, registering your company can be daunting.
At Taxproclarity we are all about simplifying the process for entrepreneurs across India. Our company registration services meet your unique requirements, whether you are a seasoned business owner or a first-time entrepreneur. We work to ensure your business is legally compliant and positioned for success from day one.
What is Company Registration and Incorporation?
Company registration in India is a legal process that allows businesses to be formally recognized and established as separate legal entities as provided by the Companies Act, 2013. All companies in India must register themselves as a component of mandatory legal compliance. Registering a company is handled by the Ministry of Corporate Affairs (MCA). The MCA regulates corporate affairs in the country via the Companies Act 2013 and other Rules, Bills, and Acts. The overall goal of the ministry is to protect the investors as provided for in the law.
Benefits of Company Registration
Registering a company is vital to legitimizing your venture in the eyes of investors, customers, and the government. A registered company becomes a distinct legal personality with a common seal and perpetual succession. The insolvency, insanity, or death of an individual member does not affect its status.
Let us look at some benefits of registering your company.
A Distinct Legal Entity
The company becomes a legal entity separate from the shareholders and directors. It is a juristic individual recognized by the law. The incorporated company enjoys its autonomy while bearing its liabilities and handling legal proceedings. The company can own property and incur debts under its name, and the individual members do not owe liability to its creditors for debt.
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Limited Liability
Limited liability is the legal responsibility of members towards the debts accumulated by the company. The members’ responsibility for these debts is limited by set rules. For instance, the face value of the share owned. However, some members may contractually agree to unlimited liabilities, so the terms and conditions might differ.
Property Ownership
A company enjoys the liberty to acquire and own property in its name. Shareholders cannot claim property from the company because they are not owners. These shareholders are interested in the company as stipulated in the articles of association they sign. Any property the company owns does not belong to any single member.
Dual Relationship
A company can enter into a contractual agreement with any member. Any member can take control of the daily operations and remain an employee. Therefore, the individual can become an employee, director, creditor, and shareholder of the registered company simultaneously.
Perpetual Succession
Incorporating your company ensures that it can last forever. It promises the continuous existence of the entity until it is legally dissolved. Perpetual succession ensures that any changes in members, shareholders, staff, or membership will not affect its existence as long as it follows the Companies Act.
Easy Share Transfers
Shares in the company are limited by the amount a member purchases. These shares are easily transferable between shareholders. The receiver gets a copy of the signed transfer form with a share certificate. Interests and other securities in a public limited company are transferable for free. However, such transfers are done according to the agreement or contract signed by the members.
Easier to Raise Funds
Registered companies can access many options to raise funds for operations, including angel investors and bank loans. The wide range makes running an incorporated company more profitable for all the shareholders.
Enhanced Market Branding
Registered companies are popular and the preferred business structure. Government agencies, vendors, and corporate clients prefer dealing with legally registered companies.
Easier to Attract Investors
The structure of registered companies makes them a favorite investment vehicle for investors. Further, it is easy to exit from a registered company, and the decision-making power is in the hands of a few people. The overall structure ensures there are fewer fluctuations.
Easy to Attract Top Talent
It is challenging for startups to put together a talented team and keep them for a long time. The confidence attached to an incorporated company makes hiring top employees and offering unique incentives easy. Some options include corporate designations and stock options, making your venture more attractive.
Why Taxproclarity
Company registration in India is a lengthy procedure with complicated documentation. You can ease the process by working with a subject matter expert from the first step.
The Indian government has done plenty to ease registering a company. However, always partner with a professional specializing in Indian regulations and laws.
As a reputed company registration consultant, Taxproclarity offers end-to-end registration services to navigate the complexities of the Companies Act. Our services ensure a hassle-free experience by helping you with:
- Advise and consultation – Let our team of experts guide you through the different registration options in India. We will help you understand the pros and cons of each, depending on your unique business goals and growth plans.
- Reserving your name – A unique name for your business entity is vital. We will assist you with the name availability search and help reserve the desired name with the MCA.
- Acquisition of Digital Signature Certificate (DSC) and Director Identification Number (DIN) – We are helping business owners acquire DSC and DIN, essential for submitting forms and documents during registration.
- Prep and file incorporation documents – We will prepare all the necessary documents to ensure you comply with the Companies Act, including the Articles of Association (AoA) and the Memorandum of Association (MoA).
- Incorporating the company – Our experts will file the incorporation documents with the Registrar of Companies for the Certificate of Incorporation and legitimize your business as a legal entity.
- Registration for PAN, TAN, and GST – After company incorporation, we will help you obtain PAN, TAN, and GST registration to ensure seamless financial operations.
Post-registration, our services include helping you maintain compliance with the mandatory requirements. We have experts who will assist with auditing, annual fillings, and legal documentation to ensure your company is always in good standing.
Register Your Company With Taxproclarity
Choosing Taxproclarity ensures that your company registration process is professionally and efficiently managed. We help to simplify the company registration online process so you can concentrate on your objectives while we bolster your legal standing.
Start a successful entrepreneurial journey by registering your venture through Taxproclarity.