Company Registration in India

Board Meeting: Within 30 days, the company must hold its first board meeting as per Section 173(1) of The Companies Act 2013, allowing directors to attend either in person or via video conferencing.

Bank Account: A company needs to establish a bank account before incorporation, as transactions cannot be conducted in a natural person’s name.

Registered Office: Within 30 days, the company must have a registered office for official communication and notify the registrar accordingly.

Business Name Display: The company’s name must be displayed at all business locations, along with obtaining a seal, letterhead and printed negotiable instruments.

Auditor Appointment: The first auditor should be appointed within 30 days by the Board of Directors or within 90 days by members at an extraordinary general meeting.

Interest Disclosure: Directors must disclose interests during the first board meeting, updating any changes annually.

Statutory Registers: Maintaining statutory registers at the registered office is mandatory to avoid penalties.

Share Certificates: Share certificates must be issued to shareholders within 60 days of incorporation or share allotment.

Books of Accounts: Accurate books of accounts must be maintained following double entry and accrual basis accounting.

Commencement of Business Certificate: Within 180 days, the company should obtain a commencement of business certificate, filing a disclosure regarding share payments by subscribers.

The advantages of registering a company as a Private Limited Company compared to a Limited Liability Partnership (LLP) include:

• Greater Access to Funding: Private Limited Companies typically have easier access to external funding sources such as venture capital, angel investors, and bank loans compared to LLPs.
• Limited Liability Protection: Shareholders of Private Limited Companies have limited liability, protecting their personal assets from business debts and liabilities. In LLPs, partners’ liability is limited to their contributions, but the structure may not offer as comprehensive protection as a Private Limited Company.
• Ease of Ownership Transfer: Private Limited Companies offer more flexibility in transferring ownership interests (shares), making it easier to bring in new investors or sell existing shares. LLPs have limitations on the transfer of ownership interests.
• Tax Benefits: Private Limited Companies may enjoy certain tax benefits and incentives that are not available to LLPs, such as lower corporate tax rates and deductions.
• Credibility and Perception: Private Limited Companies often enjoy higher credibility and recognition in the business world, which can be advantageous in attracting clients, investors and business partners.
• Ease of Compliance: Private Limited Companies generally have simpler compliance requirements compared to LLPs, especially in terms of annual filing obligations and regulatory compliance.

Tailored Solutions: We understand that each business has unique needs and objectives. Therefore, we offer customized company incorporation services in Delhi designed to suit the specific requirements of our clients. Whether it’s determining the most suitable legal structure, addressing tax implications or navigating the company formation process, we provide tailored solutions to meet our clients’ diverse needs.

Efficiency and Timeliness: At R Associates, we prioritize efficiency and timeliness in every aspect of our service delivery. Leveraging our in-depth knowledge and streamlined processes, we ensure swift and seamless completion of the company registration process. 

Comprehensive Support: Beyond just facilitating the incorporation process, we offer comprehensive support to our clients at every stage of their business journey. From assisting with the preparation of incorporation documents to liaising with regulatory authorities such as the Registrar of Companies, we provide end-to-end assistance to ensure a hassle-free experience for our clients.