Picking the right business enterprise structure for your commercial enterprise is as vital as any other commercial enterprise-associated activity. The proper enterprise structure will permit your company to operate successfully and meet your required business targets. In India, every company must register themselves as a part of the mandatory legal compliance. Before we learn how to register a company, let’s attempt and recognize the varieties of business systems in India. In this article we are going to discuss about the Incorporation of the Company in India and the required documents below.

What are the types of commercial Company structures in India?

Let’s attempt and recognize the types of commercial company structures available in India. Here is a list of a number of them:

One Person Company (OPC)

Recently introduced inside the year 2013, an OPC is the satisfactory way to start a business if there exists only one director or owner. It enables a sole-owner to hold on his paintings and nevertheless be a part of the corporate framework.

Limited Liability Partnership (LLP)

A separate legal entity, in an LLP the liabilities of partners are handiest limited simplest to their agreed contribution.

Private Limited Company (Pvt.Ltd. Company)

A company within the eyes of the law is seemed as a separate legal entity from its founders. It has shareholders (stakeholders) and directors (corporation officers). Each man or woman is appeared as a worker of the company.

Public Limited Company (PLC)

A Public Limited Company (PLC) is a voluntary association of participants which is incorporated under Companies Act. It has a separate legal entity and the liability of its contributors is restricted to stocks they hold.

You can select what business structure suits your business needs first-rate and as a consequence register your enterprise.

Documents Required for Incorporation of Company 

Entrepreneurs inside the system of starting a company registration are interested by understanding about the list of documents required for the process. In this article, we provide details and outlines of the files required for Director registration.

Directors: Indian Nationals

The following files are mandatory for Indian Nationals for incorporation of a company in India:

PAN Card: PAN Card copy of the proposed Directors of the Company can be required for Company Registration. PAN or Permanent Account Number is a unique identification quantity issued via the Department of Income Tax in India. It is mandatory for Directors who are Indian Nationals to post PAN during the incorporation manner.

Address Proof: In addition to the PAN Card reproduction, the proposed Director have to submit an deal with proof. The address proof submitted need to have the name of the Director as stated within the PAN Card and the maximum current copy with of the Director. Further, the record needs to also no longer be older than 2 months. The following documents are suitable copy with evidence for Indian Nationals.

• Passport
• Election Card or Voter Identity Card
• Ration Card
• Driving License
• Electricity Bill
• Telephone Bill
• Aadhaar Card

Residential Proof: In addition to the address evidence, residential evidence needs to be submitted at some stage in the incorporation of the Company to validate the current deal with of the Director. As applicable for copy with proof, the residential evidence need to also incorporate the name of the Director as stated in the PAN Card and must not be older than months. The following documents are perfect residential proof:

• Bank Statement
• Electricity Bill
• Telephone Bill
• Mobile Bill

Director: Foreign Nationals

The following documents are mandatory for Foreign Nationals for incorporation of Company in India:

Passport: In case of Foreign Nationals, Passport is a mandatorily required as a proof of identity. The Passport should also be notarized inside of it become issued. In case the report is in overseas language, then it need to be translated via an authentic translator to English and notarized. Further, if the Passport does no longer incorporate date of beginning of the holder, then an additional report indicating the date of delivery of the Director need to be furnished, duly certified or attested or notarized.

Address Proof: In addition to the Notarized Passport reproduction, the proposed Director needs to publish a copy with evidence which is also notarized. The copy with evidence submitted ought to have the name of the Director as cited in the Passport and the most current copy with of the Director. Further, the report should also now not be older than 1 year for foreign nationals. The following documents are suitable address evidence for Foreign Nationals.

• Driving License
• Residence Card
• Bank Statement
• Government issued form of identity containing deal with.

In case the document is in an overseas language, then it need to be translated through a legit translator and notarized.

Residential Proof: In addition to the address proof, a residential proof ought to be submitted throughout the incorporation of the Company to validate the current address of the Director. As relevant for copy with proof, the residential evidence ought to additionally include the name of the Director as cited in the Passport and ought to not be older than one 12 months. The following files are perfect residential evidence:

• Bank Statement
• Electricity Bill
• Telephone Bill
• Mobile Bill

In case the report is in a foreign language, then it should be translated by an professional translator and notarized.

Registered Office Proof

In addition to providing identity, address and residential copy with for the Directors, evidence must be provided to validate the registered office address of the Company. The following files must be submitted as proof of registered office all through the enterprise registration manner or inside 30 days of incorporation of the company.

• The registered report of the title of the premises of the registered office in the name of the members; or
• The notarized copy of lease / rent agreement inside the name of the company together with a copy of rent paid receipt no longer older than one month;

In addition to the above, the following ought to additionally be provided as evidence of registered office:

• The authorization from the Landlord (Name noted in the Electricity Bill or Gas Bill or Water Bill or Property Tax Receipt or Sale Deed) to apply the premises by way of the agency as its registered office. This is usually known as NOC from Landlord; and
• Proof of any utility certificates like telephone, gas, electricity, etc. Depicting the address of the premises within the name of the proprietor or document, this isn’t older than two months.

Shareholder: Indian National or Foreign National

The identification and copy with proof as detailed in the article have to be submitted for all the shareholders of the Company (i.e., subscribers to the Memorandum of Association (MOA) and Articles of Association (AOA).

Shareholder: Corporate Entity or Artificial Judicial Person

In case one of the shareholder or subscriber to the MOA and AOA is a Corporate Entity (Company, LLP, etc.,), then Certificate of Incorporation of the Body Corporate should be attached along with the resolution exceeded by way of the Body Corporate to join the shares of the business enterprise beneath incorporation.

In addition to the above proofs and documents, a range of documents like INC-9, MOA, AOA could be drafted by way of a Professional. These legal files made especially for the incorporation have to be signed and notarized through the promoters of the Company.

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