Are you looking for Company Registration in Gujarat?
Company Registration in Gujarat can be online with B K Goyal & Co LLP Chartered Accountants. A Private Limited Company is the most preferred form of business chosen by Lakhs of Indian entrepreneurs and the most popular startup brands such as Lenskart, Boat, Cardekho, etc. A Private Limited Company can be registered in Gujarat in less than 7 days at a very affordable Govt fee, which starts from Rs 1010 towards stamp duty for 1 Lakh authorized capital and Rs 131 towards the PAN Card of the company.
Now let’s understand further How to register a Company in Gujarat, the types of Companies, benefits, and the procedure of Company Registration in Gujarat.
Types of Companies that can be registered in Gujarat
A Private Limited Company is a privately held organisation which can be started with 2 shareholder and can have maximum 200 members. It can not raise fund from the public through IPO or other mode but can do so through private placements
Non Banking Finance Company
A Non Banking Finance Company (NBFC) is Company which is incorporated for the purpose of carrying on the activities of financing etc. In order to do so, first the a Company needs to be registered as an NBFC then license from RBI needs to be obtained in this regard. Minimum capital required for NBFC is 2 Crores
Nidhi Company
To put it in simple words, a Nidhi company isbeing incorporated by people to carry on the business of micro finance.
Foreign Company
It basically means a Company which is already registered outside India and now wants to setup its business as well
One Person (OPC) Company Registration
One Person Company means a company which has only one person as a member. Though to register the same, documents of 1 nominee is also required.
Public Company
The major benefit for a Public Company is that it can go and raise funds from public at large. We require minimum 3 Directors and 7 Members to register a Public Company
Producer Company
Producer Company is formed by farmers to unite and bring synergies.
Subsidiary Company
A subsidiary company acts as a part of another holding company. Where the holding company have control over the subsidiary company. It is created for the purpose of expanding into different verticals of business
Documents Required for Company Registration in Gujarat
A) For Indian Nationals:
- PAN Card: This document is mandatory and must be submitted.
- Aadhar Card/Driving License/Voter ID/Passport: You must provide any identification documents.
- Photo: A clear photograph of yourself needs to be submitted.
- Bank Statement/Electricity Bill/Phone Bill: You must provide any of these documents. It should be in your name and not older than 2 months.
B) For Foreign Nationals:
- Passport: You need to provide a copy of your passport.
- Driving License/Residence Proof: You must provide either a copy of your driving license or a document showing your residence proof.
C) If a company wants to become a shareholder in the Private Limited Company:
- Incorporation Certificate of the Company: The company must provide a copy of its incorporation certificate.
- Board Resolution: The company must provide a board resolution stating its intention to become a shareholder in the Private Limited Company.
A utility bill of the registered place of business must be submitted. This bill should not be older than 2 months.
Please ensure that the documents are genuine, clear, and not forged. Submitting these documents will be necessary for the registration process.
Company Registration Process
Following are the steps for Company Registration in India
Step 1: Submission of the documents
You will need to submit all the relevant documents as mentioned above to our email [email protected] or on our whatsapp number +91-9971782649 along with fee deposit transaction details
Step 2: Scrutiny of all the documents
On receipt of the documents & details we will go through them in detail. If there is a missing document or detail then we will inform you to submit the same. Further in this step, we will also prepare a NOC, which would be needed to be signed by the owner of the property of registered place of business. Furthermore, an engagement letter would also be prepared at this stage containing terms and conditions to be signed by the proposed directors.
Step 3: Application for digital signatures
In this step, we will apply for digital signatures of the proposed directors with one of the certifying Authority . Directors will receive otp on their email and mobile for this purpose which will be required to be shared with our office. Furthermore, directors will receive a link on their email to upload a kyc video for digital signature, they will need to record a video in the format which we will inform and upload the same on the link provided.
Step 4: Filing of Applications for Registration
In this step, we will file all the required forms such as SPICE+ Part A, Part B, MOA, AOA, Agile and INC 9 with ministry of corporate affairs. It is to be noted here that it is mandatory that SPICE+ Part B Form, Memorandum and Articles are certified by a Practicing Chartered Accountant or CS or Advocate with her Digital Signatures.
If the MCA finds incorporation application complete then Certificate of Incorporation is granted along with PAN Card, TAN Card, ESIC of the Company. MCA normally takes 3 working days to process incorporation application.
What is a Company ?
Simply put, company registration is the process of incorporating a business as a separate legal entity under the provisions of the Companies Act 2013. By doing so, the company acquires an identity distinct from its owners. It becomes capable of entering into legal contracts, acquiring assets, and being held liable for its actions.
Advantages of Company Registration
Separate Legal Entity
A Company is basically artificial person having it own legal identity. A PAN Card will be issued in the name of the Company.
Therefore, a Company enjoys a Separate Legal Entity meaning It can purchase any asset it its own name, it can file legal cases against others and others as well can file legal case against the Private Limited Company.
Therefore, the directors and private limited company are two separate persons in the eyes of law.
Raising Funds
After Company Registration in India, the Company can raise funds privately by issuing shares. A Company can issue shares to upto 200 people and raise funds from them by giving stake in the Company.
The funds so raised is not in the form of loan but capital. The concept of raising funds through equity has allowed startups and news business to build their business without any loan liability on their head.
Startup India Recognition
A Company after incorporation may apply to the Government for Startup India Recognition which results in many benefits for the Company such as market reach, fundings, tax holidays and many more.
Credibility
Company Registration in India is granted by Ministry of Corporate Affairs, Registrar of Companies of a state, after verification of all the documents of the directors, verification of existence of the company address and other documents. Further, a Practicing CA and CA Firm Certifies all the documents that they has gone through all the documents and details of the directors & Company which are in accordance with the provisions of the Companies Act, 2013.
Once the verification is completed, Certificate of Incorporation, PAN Card and TAN Card are allotted to the Company by MCA.
Since all the documents and details are first certified by a Chartered Accountant and then verified by MCA hence it brings credibility to the Companies Profile and existence.
Scalability
Scalability is one of the biggest advantage of a Company as it can issue shares, raise funds, fight cases in its own name, enter into contacts in its own name, go to IPO and become a listed company on NSE or BSE by converting itself to a Public Limited Company.
Perpetual Succession
Perpetual succession is a concept that refers to the continuous existence of a company, irrespective of the changes that may occur in the management or ownership of the company. In other words, the company continues to exist even if its founders or directors die or retire, or if there are changes in ownership through share transfers
Company Registration FAQ's
How much time it will take for Company Registration
It will take around 7 working days from the date of submission of all the relevant documents and fee to get your company incorporated.
How much it will cost to register a company
The cost of incorporating a Private Limited Company usually varies from Rs 6000 to Rs 20000 depending on the following:
- Number of Directors
- Number of Shareholders
- Authorised Share Capital
- State in which Company to be registered
- Professional fee of a Practicing CA/CS/Advocate
To save the cost and get the expert services, contact a Practicing CA Firm directly on their website/Mobile/Email. This will help avoid intermediaries in between.
To know about our fee, you can simply leave a message on our whatsapp number 9971782649 or drop an email to [email protected]
Can a foreign national register a company in India ?
Yes, foreigners can register a company in India, provided they comply with the Foreign Direct Investment (FDI) guidelines and other applicable laws. Further, for incorporation, atleast 1 Indian National is required to be on the Board of Directors of the company.
What Documents will I get on my company registration
The following documents you will get on your company registration completion.
- Digital Signatures of Directors
- Director Identification Number of Directors
- Memorandum of Association of the Company
- Article of Association
- Certificate of Incorporation
- PAN Card of the Company
- TAN Card of the Company
- ESIC Certificate
How do I check the Name availability of my company ?
You can check the name availability on the MCA Website https://www.mca.gov.in/content/mca/global/en/mca/fo-llp-services/company-llp-name-search.html
Further, we will also guide you to chose a name for your company which may be approved by the MCA.
Is GST Registration is mandatory at this stage ?
GST Registration is mandatory for certain businesses as follows:
- Interstate supply of goods or service
- E-commerce operations or selling goods on e-commerce websites (e-commerce websites demands GST Registration to register on their platform)
- Turnover exceeding Rs 40 Lakhs/Rs 20 Lakhs in case of Supply of Goods/Services respectively.
It generally takes 3 working days for GST Registration with B K Goyal & Co LLP Chartered Accountants
Can I register my company without a physical office?
No, a physical office is mandatory to register a company where all the communication can be received from the MCA. Although, it can be a coworking space or a resdential place as well. But it shall be a physical office and cannot be a barren land.
Can I change the registered office address of my company after registration ?
Yes, you can change the registered office address of your company after registration. The same can be done within the state as well as to another state as well.
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