INDIA has become the favorite place for businessmen wanting to put up an investment company with an eternity of existence ahead. It has in fact been the most popular destination for start-up business groups eyeing to establish private limited companies in a country with over 1.35 billion potential markets on sight.
Taking cue from India’s parliamentary government’s economic policies, entrepreneurs from around the world have been seen swarming to the Indian coast to see for themselves, what’s in this country that made not a few investment companies thrive.
Company PVT LTD Registration In India
For one, no investor would like the idea of having to go through a long checklist of requirements and procedures with no guarantee of approval.
But not in India, where many starting foreign business groups successfully penetrated what could aptly be considered as a country with a high spending index – or the ability of its folks’ capability to purchase or avail services, at cost.
Interestingly, most of the entrepreneurs who have come to India to form and run businesses opted to register an investment core classified as PVT Limited Company, where they see an eternity of business ahead. It is also widely considered the best choice for both start-up and large corporations.
Taking Their First Big Step
Upon setting foot in India, what they did was to learn the process of company PVT LTD registration India.
Aptly referred to as “PVT LTD company registration,” India’s Ministry of Corporate Affairs takes pride in their reduced layers of bureaucratic levels.
Ready For The Registration
Administered by India’s Ministry of Corporate Affairs, the registration of PVT LTD Company is guaranteed under their Act 2013, and further backed-up by its Company Incorporation Rules 2014 issued by the MCA itself.
Just like in many other countries in Asia, MCA imposes costs for PVT LTD Company Registration process in India. As to how much would largely depend on the number of directors and share capital.
Below is MCA’s procedural ladder for the registration of PVT LTD Companies in India:
- Business Name is a must. Entrepreneurs are required to fill up a Reserve Unique Name (RUN) form. This will ensure that no two companies would have identical names for their respective businesses.
- The need to obtain Digital Signature Certificate (DSC) along with Director Identification Number (DIN) and Form SPICE INC-32 (E Form used for Company Registration)
- A Memorandum of Agreement with MCA is also necessary. To satisfy this requirement, business groups will have to create an account on MCA portal by going to their website @ mca.gov.in
- Finally, conduct India Company incorporation or apply for the company to be registered.
3E Accounting India, a publicly listed service entity with a proven track record of excellence, would be glad to take the cudgels of registering the PVT Limited Company seen to legitimize your business endeavor in India.
We would be glad to be of help.