Company Registration in UP

Company Registration in UP - An Overview

Uttar Pradesh state embraces different kinds of industries like IT, food processing, sports product industries, leather based industries etc. So we have reason to believe that commencing your business in this state is invaluable. So one should get Company Registration in UP before starting a business in this part of India. The process of company registration is managed by the Ministry of Corporate Affairs. There are various reasons as to why you should consider registering your company as opposed to non-registration of your company.

Types of Company Structures

Different types of company structures are specified below:

• Private Limited Company

  In India, a company may be registered under different types, but the most recommended one is the private limited company.

• Limited Liability Partnership

  LLP is a corporate business form which enjoys separate legal entity, and the liability of partners is limited to their agreed contribution in LLP.

• One Person Company

  Previously a single person could not incorporate a company, but now it is possible to incorporate a company by a single person called OPC. The OPC is known for perpetual succession even though there is only one member.

We have compared different Company Structures in the table made below. It will help in choosing the right structure as per your business requirement.

Eligibility criteria for Company Registration in UP

The following eligibility criteria should be fulfilled:

• According to the Companies Act 2013, Requirement of minimum 2 shareholders and 2 directors (for Pvt. Ltd. Co.);
• The director should have attained 18 years of age;
• Minimum paid up capital is not necessary for the Pvt. Ltd. Co., but the company must use Pvt. Ltd. after the company's name;
• The Private Company should have a distinct name, and it should not have been used by anyone. The proposed company should not use any unpleasant name for the company before registration.

What are the benefits of registering a company in UP?

The benefits are as follows:

• Safeguard your business

  Online company registration is done according to the Companies Act 2013 and Companies Incorporation Rules. Therefore the company structure, you select the equivalent benefits you will enjoy. Company registration will safeguard your business from personal liability and other risks or losses.

• Minimal paperwork

  Registering your company involves less paper works as the process is entirely online. However, basic Paper works has to be submitted.

• Goodwill

  It can also help you enjoy tremendous goodwill among customers in the market. It will help customers to differentiate your services from others. Your business will also attract grant of loans and investments from credible entities. Having a company in this state is a matter of prestige.

• Potential growth opportunities

  Having your business registered in Uttar Pradesh will open more scope for growth and create more opportunities for your business. The state has enormous consumer market, and availability of skilled labour draws massive foreign investment also.

Company Registration in UP: Documents to be submitted

Documents needed for Company Registration through the SPICe+ Form:

• MOA and AOA;
• Declaration by the Directors;
• Copy of Utility bills;
• Copy of incorporation proof of a foreign body corporate, if applicable;
• Copy of the Resolution passed by the international company, if applicable;
• Declaration/resolution of the unregistered company;
• Nominee’s assent in the prescribed format;
• ID proof & address proof of subscribers and nominees.

Documents needed for Company Registration through AGILE PRO

• MOA and AOA;
• Declaration by the Directors;
• Copy of Utility bills;
• Copy of incorporation proof of a foreign body corporate, if applicable;
• Copy of the Resolution passed by the international company, if applicable;
• Declaration/resolution of the unregistered company;
• Nominee’s assent in the prescribed format;
• ID proof & address proof of subscribers and nominees.

Procedure of Company Registration in UP

Register your company by following these simple steps:

• DSC is essential for designated directors and the subscribers. So first step is to apply for the Digital Signature Certificate;
• Like DSC, another essential requirement is DIN or Director Identification Number to be obtained by the director of the company;
• Register on the MCA website. In order to apply for the company registration, SPICe+ form should be filled, and it should be submitted on the website of MCA the director of the company must register on the MCA website. After the Company Registration, the director can log in and access the MCA website services;
• When the application is filled and supported with relevant Documents, then the ROC will inspect the application. If the ROC is content with the application, then it will issue the certificate of registration.

Registering your company has been simplified by introduction of online process. If you are planning to begin your business in the state of Uttar Pradesh, then Enterslice can partner you in completing the registration process and assisting you throughout. Registering your company can help you reap rewards, and you don't wanna miss out on these benefits by not registering your business.

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