Company Registration Online – India’s Guide to Online Company Registration
Company Registration online is the means of incorporation of a new business/company. This process can also be called as Pre incorporation/ Registration of Business Name or Registered Office. Online company registration in India is mainly done for the startup, a small or mid business, or an SME. To understand this process we need to know the term “Srilla” or “Rising Star”. In India, these are generally abbreviated as SC or RN, where “SC” being capital letters and “RN” being lower case.
Before starting a business, one has to first find the appropriate place to register it. Two persons may be involved here – the first one being the entrepreneur or the second one is the registered office, which is responsible for providing all the documents and information to the company. Most of the financial institutions offer company registration online facility to both the entrepreneurs and the registered office. However, there are some financial institutions that only deal with the registered office alone.
When an entrepreneur applies for Company Registration online in India, he will have to provide some basic information like his name, the business address, contact details and annual earnings. The next step involves the submission of the statutory declaration, duly signed by the concerned individual. Another document required for incorporation is the statement of principles of incorporation, signed by the CEO and the CFO of the company. The following documents are then submitted to the registrar: Articles of incorporation, indemnity policies, nominee letters, nominee memberships, register of directors, bank account and other documents that are required to be filed along with the statutory declarations. These documents are then processed by the registrar and the incorporation is completed.
The next step is the registration of the company, and this can be done through three modes – paperless incorporation process, electronic registration process and paperless corporation formation. Paperless incorporation process refers to a system in which no document is needed to be submitted to the registrar, thereby saving time and efforts. Electronic registration process follows some of the basic steps of paperless incorporation process. Once the registration is done, the individual can receive his company ID, password and telephone number via email from the Company Registration service provider.
While preparing for company registration process, you need to collect your documents and information in a systematic manner. Most of the companies that provide registration services in India also provide their services at cheaper rates and with extra benefits. Therefore, you need to do some research before selecting a company that provides company incorporation services in India. After the incorporation of your business, you need to provide the company name and its office address to the Registrar of Companies. Nowadays, most of the companies in India offer 24 hours online company registration services to the clients.
Company Registration online provides all the advantages that one may require while doing business in India. It provides for easy administration and maintenance of the different types of licenses and permits that are required for conducting business in different parts of the world. Online Company Registration allows you to conduct all types of business from any part of the world at the same time. Also, online registration helps in reducing the cost of registration of your business. This is because the process involves just one person as opposed to several people when the business structure is conducted through paper registration. In addition, conducting business through online methods enables you to save money and time by avoiding red tape, salesmen and middle men.