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There used to be a time when the process of registering a corporation took a significant amount of time and effort. Fortunately, in recent times, the registration of a company has become straightforward with simple procedures, and the entire documentation process may be completed online. In this blog, we’ll look at what a company registration certificate in India is and how to obtain one through the MCA.
Any new company must get a company registration certificate by following the formal processes and standards given by the Ministry of Corporate Affairs (MCA). Whether you are going to establish a company and want to learn everything there is to know about registration and COI, then continue reading the following article.
A Certificate of Incorporation, often called as a COI or Letter of Incorporation, is another name for a Company Registration Certificate. It is a legal document or certificate provided by the MCA to an Indian business once the registration procedure has been completed successfully. This Company Registration Certificate proves that the company has been registered with the Registrar of Companies.
This legal document is required at the moment of company or business registration. Our government has made it very straightforward and quick to finish the new business registration procedure in a few days, as per the laws and regulations of the Ministry of Corporate Affairs (MCA). Further, as previously stated, there is no need to attend any government office to register the company; one may do so from anywhere in India because the entire documentation procedure is done digitally.
In general, there are 6 types of companies that may be established in India, each with its own registration process, documents, and commercial elements.
Following are a few reasons of why a Company Registration Certificate is important in India:-
It is crucial to remember that, under Section 7(7) of the Companies Act of 2013, if a corporate entity provides fraudulent or inaccurate information during registration, the Tribunal may:-
Because a certificate of registration serves as legal confirmation of your company’s identification, you are entitled to all of the privileges provided by your company’s legal structure. These comprises of tax advantages, eternal existence, and so forth.
Furthermore, the Company Registration Certificate is required for the following purposes:-
The procedure of obtaining a Company Registration Certificate consists of 4 critical phases, which are as follows:-
It is necessary for new start-ups or companies to get a company registration certificate in order to begin commercial operations and function legally. There are numerous business possibilities that may fit you, they are within the budget, and you may be on the path to success soon; nevertheless, it is always important and crucial to proceed by adhering to the country’s correct laws and regulations.
This is the initial and most important stage in the process of incorporating a company in India. As per the Companies Act of 2006, every business owner or director is required to get a DIN (Director Identification Number).
According to the Information Act of 2000, obtaining a valid DSC or Digital Signature Certificate is required to ensure that the supplied documents are authentic and reliable. All the documentation must contain a genuine digital signature that has been attested. And this is the only option when submitting documents digitally.
If the individual establishing the company already has a digital signature, you may simply check the DSC’s validity, which is either 1 or 2 years.
Create a new account on the MCA’s official website – http://www.mca.gov.in/mcafoportal/loadUserRegistration.do?link=loadUserRegistration. By registering a new account, one would be able to use it for any future transactions, like online fee payment, and you will be a registered business user. The procedure of creating a new account is straightforward and free of charge.
This is the last and most significant stage in the registration procedure and it includes providing the business name, office location and address, information on the company’s directors, manager, and secretary. In addition, if necessary, additional information for the distribution of business shares may be required.
Form 1 – Form 1 is offered in two kinds:-
FORM 18 – This form 18 is used to change the address of the company’s prior registered office. This form requires the submission of all authentic information.
FORM 32 – This form is used to designate new company directors, managers, and secretaries. When all of the above-mentioned forms are submitted, the MCA will examine, review, and approve the application, and a further substantiation email about the confirmation will be issued. Upon concluding the procedure, the MCA will officially issue the Company registration certificate, indicating that your organization has been formally registered and you may proceed with your commercial activities without any difficulties.
As stated at the outset, the significance of Company Registration Certificate is comparable to that of a birth certificate for an individual. It serves as legal evidence of its existence. Explore our company registration options and let our team assist you in getting started on the right foot.
Read our article:How to validate the Company Registration Number?