Company Formation in India

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What is Company Formation?

Company formation refers to the legal process of incorporating a business entity. In India, this involves registering the business under the Companies Act with the Ministry of Corporate Affairs. It provides the business with a legal identity and enables access to benefits like limited liability, access to funding, and brand credibility.

Key Benefits

Limited Liability

Owners are protected from personal liability for business debts and obligations.

Separate Legal Entity

The company can own property, sue and be sued in its own name.

Easy Fundraising

Easier access to loans and investment from banks and venture capitalists.

Formation Procedure

  1. Obtain Digital Signature Certificate (DSC)
  2. Apply for Director Identification Number (DIN)
  3. Reserve the Company Name (RUN)
  4. Draft MOA & AOA
  5. File Incorporation Forms with MCA
  6. Receive Certificate of Incorporation
  7. Apply for PAN, TAN, and Bank Account

Documents Required

Frequently Asked Questions

A private limited company requires at least 2 directors and 1 shareholder.

Typically, it takes 7-10 working days, depending on document verification and MCA approval.