RSR LEGAL VENTURES - COMPANY REGISTRATION IN FIROZABAD
Company Registration: Overview, Types & Process
Company registration is the formal process through which a business becomes a recognized legal entity under the law. In India, this is governed primarily by the Companies Act, 2013
Types of Companies in India
Different business needs call for different company structures. Here are the main types:
1. Private Limited Company (Pvt Ltd)
- Ideal for startups and growing businesses
- Requires minimum 2 and maximum 200 members
- Restricted share transfer
- Limited liability protection
2. Public Limited Company
- Suitable for large enterprises planning public investment
- Requires minimum 7 shareholders and 3 directors
- Can raise capital via public shares
- Subject to strict regulatory compliance
3. One Person Company (OPC)
- Meant for solo entrepreneurs
- Allows a single shareholder with limited liability
- Easy compliance compared to Pvt Ltd
4. Limited Liability Partnership (LLP)
- Hybrid structure combining flexibility of partnership with limited liability
- Requires minimum 2 designated partners
- Governed under LLP Act, 2008
5. Sole Proprietorship
- Owned and managed by a single individual
- No separate legal identity; easy to form
- Suitable for small businesses with low regulatory needs
6. Partnership Firm
- Formed by two or more individuals
- Governed under the Indian Partnership Act, 1932
- Unlimited liability unless registered as LLP
Company Registration Process
The typical registration process for a Private Limited Company includes:
Step 1: Obtain DSC (Digital Signature Certificate)
- Required for signing electronic documents
- Issued to directors and subscribers of MoA
Step 2: Apply for DIN (Director Identification Number)
- Unique ID for company directors
- Can be applied via SPICe+ form during incorporation
Step 3: Name Approval
- Submit company name options via Part A of the SPICe+ form
- MCA verifies for uniqueness and legality
Step 4: Drafting MoA & AoA
- Memorandum of Association (MoA): Company’s objectives
- Articles of Association (AoA): Internal rules and regulations
Step 5: File SPICe+ Form
- A comprehensive form for incorporation
- Includes company details, director info, registered address, PAN, TAN etc.
Step 6: Receive Certificate of Incorporation
- Issued by the Registrar of Companies (RoC)
- Contains CIN (Corporate Identity Number)
Step 7: Post-Incorporation Compliance
- Apply for GST registration, open bank account
- Issue share certificates, maintain statutory registers
