The Companies Act 2013 is the main law that was enacted by the Indian parliament, which governs how companies are formed and run in India. It replaced the old Companies Act 1956. To replace this 1956 act makes rules simpler, modern and more transparent.
The Companies Act 2013 plays a big significant role in company registration, making the process uniform and simpler across the country.
This Act mandates that all companies, private, public or one person, must register under its provisions, ensuring proper legal recognition and accountability. It introduced key features like digital filing, the spice+ (Simplified Proforma for Incorporating Company electronically Plus) form, for quick online registration and one stop portal for getting all mandatory approvals faster and efficiently.
These digital steps offer a standardized approach across all states. Following the act is important as it keeps the company safe and legally avoids penalties.
Compliance under the Companies Act 2013 is not just a legal formality but a protection against the penalties and operational hurdles, which help them grow with confidence in India’s business environment.
There is no minimum paid-up capital required to register a company in India. You can register your company by just putting a small capital amount of ₹1000, also, allowing it to be accessible to startups and small businesses.
Registration of a company generally takes 7–10 days, depending on how complete your documents are and the Ministry of Corporate Affairs (MCA) approval process.
Foreign nationals can indeed register a company in India. At least one director should be an Indian resident, and the applicant must furnish a handful of mandatory documents, such as valid identification and proof of address, besides incorporation-related documents.
Some of those compliances would include:
Yes, you can convert an existing sole proprietorship to a private limited company. This involves incorporation of a new company, the transfer of assets and liabilities, and completing formalities with the MCA.
The office address must be registered in the company registration online. However, it may also be a virtual office meeting all the legal requirements and MCA regulations.
Non-compliance with the post-registration requirements can be penalized with late fees; the corporation can also risk getting struck off the register. An essential thing to maintain for keeping your company legally alive is to stay updated regarding annual filings and statutory requirements.
Using JustStart for company registration will give you fast and hassle-free registration services with expert guidance every step of the way. Moreover, it will offer transparent pricing, with no hidden costs, leading to a stress-free experience from start to finish.
A Certificate of Incorporation is an official document issued by the Ministry of Corporate Affairs when a company is registered. It proves that the company is legally recognized and includes details like the company name, registration number, and date of incorporation.
In India, a Private Limited Company enjoys the status of an irreversible one. It can, thus, continue to exist even after a change of directors and shareholders, which provides a certainty of long-term continuity for a particular business.
After receiving the Certificate of Incorporation, PAN and other registration documents, you can go to any bank to open a current account in the name of your company. These documents act as proof of the legal existence of the concerned company.
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