Company Registration in Mumbai

Company Incorporation in Mumbai (कंपनी पंजीकरण, मुंबई)

Financial, commercial & entertainment capital of India viz. Mumbai is of the lucrative geographical location in India. Company registration in Mumbai is very easy and simple process, and our experts have hands on experience of company registration in Mumbai. We at CAonWEB provide the best CA services online to our clients from every corner of the world. Company registration in Mumbai becomes so important because of its location and the all the logistics, technological and operation support which is available at an affordable rate.

New company registration in Mumbai has a range of opportunities for their companies since you can find potential investors in Mumbai, start-up events, angel investors, entrepreneur’s hub, logistical support which makes the operation of your company easy.

TYPES OF COMPANY REGISTRATION IN MUMBAI

The procedure of company registration in Mumbai and rest of India remains more or less the same. Some changes which makes Company Registration in Mumbai a difficult from rest of the country is the registrar of companies (ROC) Mumbai. Since company registration comes under the purview of state government, therefore every state have a separate Registrar office. Below mentioned are the certain forms of company registration in Mumbai.

Limited Liability partnership registration in Mumbai

LLP is an alternative form of carrying business that brings in the perks of limited liability and the flexibility of a partnership. LLP is a separate legal entity from its partners & both have a different level of liability. LLP liability is limited to its assets but liability of the partners is limited to their agreed contribution in the LLP. No partner is liable for independent or un-authorized actions of other partners.

Private Limited Company registration in Mumbai

Private limited companies possess a different character of relationship in terms of ownership, risk & reward as compared to other type of companies. Since most private companies don’t have access to capital markets, they require less rigorous protection for their shareholders. However, they represent an important organizational form for business conduct.

One Person Company registration in Mumbai

The concept of registering One Person Company (OPC) was introduced for the first time under companies act, 2013. Unlike a Private Company where a minimum of 2 Directors are required, whereas in a Public Company, a minimum of 3 Directors and a minimum of 7 members. A one person company can be formed with just one director as its member.

PROCESS OF COMPANY REGISTRATION IN MUMBAI

Ministry of corporate affairs (MCA) regulates company registration process in Mumbai and to the whole of India, whereas the Registrar of companies (ROC) Mumbai is the regional authority who enforces the Companies registration in accordance with the law in force

1. Reserve Name for the company

Choosing the right name for your business will make or break your company future. Therefore it must be of prime importance to reserve a name, before proceeding any further in the company registration process.

2. Digital signature certificate (DSC) application

Authenticating a document with the digital signature certificate is the most trusted way of authorising and verifying the documents. The chances of tempering with a DSC are negligible as compared to a hand signature which makes it more reliable and user friendly.

3. Director Identification number (DIN) application

Companies act, 2013 makes it mandatory for every individual who intends to become a director in a company, must obtain a directors identification number (DIN). DIN is a unique identification number which is associated with existing or the potential director a company so incorporated.

4. MOA/AOA documents

Memorandum of association & articles of association are the basis for the functioning of the company. It defines the rules & regulations, objectives, vision & mission of the incorporated entity. The document lays down that how a task needs to be performed within the company. The document acts as the “charter of the company”.

5. PAN/TAN

Permanent account number (PAN) & Tax deduction & collection account number (TAN) is an important document for company registration in Mumbai since this will help in Filing Income Tax Return, GST Return Filing and Annual Return Filing.

6. Get your Incorporation certificate

After all the documents are prepared and submitted with the authorities within the stipulated time period. After careful screening of the documents the company incorporation certificate will be released.

7. Current bank account in company’s name

Now you are all set to open your current account with the bank in registered company’s name. Since it is required to submit the incorporation certificate, MOA & AOA with the bank to open your current account therefore it is the last step in company registration process.