RAKSHA AGARWAL AND ASSOCIATES
RAKSHA AGARWAL AND ASSOCIATES
Chartered Accountant

A Complete Guide to Company Registration in India (2024)

28.03.25 04:57 PM Comment(s) By CA Raksha Agarwal

A Complete Guide to Company Registration in India (2024)


Starting a business in India requires proper legal registration to ensure compliance, credibility, and access to financial benefits. The Companies Act, 2013, governs company registration, and the Ministry of Corporate Affairs (MCA) oversees the process. This guide explains the steps, types of companies, documents required, and benefits of registering a company in India.


1. Types of Companies in India

Before registering, entrepreneurs must choose the right business structure:

A) Private Limited Company (Pvt Ltd)

Minimum Requirements:
2 Shareholders
2 Directors (one must be an Indian resident)
Minimum Capital: No mandatory requirement (₹1 lakh recommended)
Liability: Limited to shares
Suitability: Startups, SMEs, and growing businesses

B) Public Limited Company

Minimum Requirements:
7 Shareholders
3 Directors
Minimum Capital: ₹5 lakhs
Liability: Limited to shares
Suitability: Large businesses planning to list on stock exchanges

C) One Person Company (OPC)

Single promoter (acts as shareholder & director)
Nominee required (in case of promoter’s incapacity)
Suitability: Sole entrepreneurs wanting limited liability

D) Limited Liability Partnership (LLP)

Hybrid of partnership and company
No minimum capital requirement
Suitability: Professionals (CA, lawyers, consultants)

E) Section 8 Company (Non-Profit)

For charitable, educational, or social purposes
Profits reinvested into objectives
Suitability: NGOs, trusts, and foundations


2. Steps for Company Registration in India

Step 1: Obtain Digital Signature Certificate (DSC)

Directors must obtain a Class 3 DSC (from certified agencies like eMudhra, NSDL, or TCS) for online filings.

Step 2: Apply for Director Identification Number (DIN)

Directors need a DIN (applied via SPICe+ Form).

Step 3: Name Approval (RUN or SPICe+)

Submit 1-2 preferred names via MCA’s RUN (Reserve Unique Name) service or SPICe+ form.
Name must be unique and comply with naming guidelines.

Step 4: File SPICe+ Form (INC-32)

Integrated form for:
Company incorporation
DIN allotment
PAN & TAN registration
GST (optional)
EPFO & ESIC registration (optional)

Step 5: Submit MoA & AoA

Memorandum of Association (MoA) – Business objectives
Articles of Association (AoA) – Internal rules

Step 6: Payment of Fees & Stamp Duty

Fees depend on authorized capital (varies by state).

Step 7: Certificate of Incorporation (COI)

MCA issues COI (with CIN) upon approval.
Company becomes a legal entity.


3. Documents Required for Company Registration

Identity Proof (PAN, Aadhaar, Passport)
Address Proof (Voter ID, Driving License, Utility Bill)
Registered Office Proof (Rent Agreement + NOC)
Passport-size photos of directors
Digital Signature (DSC)


4. Benefits of Registering a Company

✅ Legal Protection (Limited liability)

✅ Business Credibility (Trust among clients & investors)

✅ Easy Fundraising (Bank loans, venture capital, IPO)

✅ Tax Benefits (Deductions under Startup India)

✅ Perpetual Existence (Company continues beyond owners)


5. Post-Registration Compliances

Annual Filing (MCA & ROC)
GST Returns (if applicable)
Income Tax Returns
Audit Requirements 


Conclusion

Registering a company in India is a structured process that ensures legal compliance and business growth. Whether you choose a Private Limited, OPC, or LLP, proper registration helps in securing funding, reducing liability, and building trust.

For any queries, entrepreneurs can consult Raksha Agarwal and Associates

CA Raksha Agarwal

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