
Starting a company is like beginning a fresh journey in life. It may feel suspicious, but it is actually very exciting. And just like life insurance, the registration of a company is equally important. Registering a company does not only provide legal security but also adds value, credibility, and strength to your business. Rest assured that a company registration is worth all the effort you put in.
Any company that is established in India is governed under the Companies Act, 2013. This act supervises the formation and operation of a company with legal recognition. It benefits by adding credibility and building trust with customers, suppliers, and potential investors. The government also ensures to make changes to this law as per industry requirements.
Factors Influencing Company Registration Expenses
It is very important to understand all the financial aspects of setting up a business and make a budget as per the requirements. Know that experience and expertise always ensure a smooth and successful registration process. That is why it is important to seek help. Please make sure that you never compromise on the quality of the service because of the cost. There are, of course, some fraudsters in the market, which is why you should keep transparency about the whole pricing before you pay them. Do not let anyone you with the hidden costs. It is better if you always prioritise reliability and expertise over cost. This can only happen if you choose the right and trustworthy experts. JustStart is always here to assist you.
The expense of the registration also varies depending on the type of company you’re opting for, including private limited companies, public limited companies, one-person companies, and limited liability partnerships. Every type has its own requirements and business needs. Not just the type, but the understanding of regulations on different locations and their operations is as important. The service provider you’ll choose for company registration should be customer-centric and know how to maintain clear communication channels. Look for experienced experts who ensure a smooth and successful company registration process.
Company Registration Fees in India
S. No |
Cost Aspect |
Government fees |
1. |
Obtaining Director Identification Number (DIN) |
Rs. 500 per director |
2. |
Get Digital Signature Certificate (DSC) |
Rs. 2,500-Rs.3,000 per director |
3. |
Company Name Approval |
Rs. 1,000 fixed government fees |
4. |
Stamp Duty on Memorandum of Association (e-MOA) |
State-specific rates |
5. |
Stamp Duty on Articles of Association (e-AOA |
State-specific rates |
6. |
Stamp Duty on Spice Form |
State-specific rates |
7. |
Registrar of Companies (ROC) Fee |
State-specific rates |
8. |
Post Registration Compliance |
State-specific rates |
5 Key Factors for Choosing the Right Service Provider
- Professional expertise: We believe that experience builds expertise. This is why it is very important to choose an agent who has extensive experience in law or overall management. It is because well-trained and highly experienced experts will get your work done legibly at a very reasonable cost. Consider those who can manage your issues with efficiency without ever compromising on accuracy.
- Client testimonials: While choosing any service provider, check their reputation in the industry first. Look for their past reviews and testimonials, and compute their records. Verify if they are true and authentic while offering satisfaction to the clients. Opt for reliable experts who can fulfill all your requirements with ease and charge according to their experience.
- Cost: The cost of company registration varies from Rs. 5,000/- to Rs. 25,000/- in the market. The price may vary depending on many factors, such as the type of business, its location, government fees, etc. Explore every cost element in detail to make a conscious decision. It is of utmost importance to understand things in detail before you consider them. Prior understanding of financial aspects like government fees or professional fees helps you in proper planning and successful execution. It makes the process hassle-free.
- Customer support: A service provider should always be conscious, easily accessible, and responsive. They should address your queries and provide expert assistance accordingly. They have to submit clients’ documents and complete every required procedure to set up a company. They should ensure meeting the client's specific needs. But it should all be done under relevant laws and regulations.
- Additional services: It is very important to address your concerns with your professional expert so that they can modify whatever is needed. Some experts also offer additional services like tax registration, security, management consulting, or compliance services. And if you need any of those, you should access them. It gets convenient both ways, too. JustStart offers consultancy services by highly qualified experts.
Benefits of a Company Registration
Now let me showcase some of the advantages of company registration in India.
- Limited Liability: After the company registration, the shareholders get limited liability protection. It is an opportunity to safeguard your liability. So even if the company goes into debt, your personal finances will still be limited.
- Separate Legal Entity: It is a legal protection that separates and secures your personal assets from any legal issues. This ensures that a company and its owners are separated. Therefore, a company is allowed to buy assets or enter into any contract under its own name.
- Funding Opportunities: When you register your company, it gets supervised by government agencies. This is why accessing funding from banks, investors, or financial investors becomes very industry-easy. It builds trust for financial opportunities.
- Perpetual Succession: It’s a very strategic move to continue the company’s legacy for generations. Your company is your identity. But even if the owner dies, its perpetual existence allows a company to maintain its continuity. It is a huge benefit of company registration.
Breakdown of the Registration Fees
It is required to file the necessary documents with the appropriate government agency. This filing depends on the state where you’re registering your company. Other than filing fees, you also need to pay for a registered agent service, which collects your legal documents on behalf of your business. Some additional costs get added when you consider trademark registration for your company name or logo, as well as when you get some specific licenses.
Conclusion
When starting a business, it is necessary to understand the functions, operations, and pricing. This will help you settle your business smoothly for success. I hope this blog post provides you with a thorough understanding of the company’s registration and its cost in India. If you need any more assistance, feel free to contact us. We have well-trained and highly qualified consultants and lawyers to assist you at any time.
FAQs
- How much is the PANTAN fee for a Company Registration in India?
The PANTAN fee for registering a Company Registration in India-
- For Indian Citizens- ₹175 (₹148 + 18% GST)
- For Foreign Citizens - ₹1,020 (₹864 + 18% GST)
- What is the stamp duty fee for the MoA in Delhi?
The stamp duty on Memorandum of Association (MOA) in Delhi is ₹200/-, which varies as per the specific state. - What is the minimum capital required to start a Company?
As per the Companies Act, 2013, you can start a company with a minimum paid-up capital of ₹1 Lakh. - How many directors are required for Company Registration?
A Company Registration must have at least two directors as per the Companies Act, 2013. - Is there a government fee for Company Registration?
Yes, there are various government fees involved in registering a Company Registration, including PANTAN fees, stamp duty on the Memorandum of Association (MoA) and Articles of Association (AoA), and other applicable charges. - How long does it take to register a Company in India?
The registration process usually takes 7-10 working days, depending on the State, documentation, and approvals from government authorities.