Company Registration in Mumbai

Company Registration in Mumbai

Company Registration in Mumbai 

Company Registration in Mumbai is a simple and easy Process, Registering as a Private Limited in Mumbai is the first step corporate journey, it is a structure where your liability in case of a loss, is limited to capital invested, this benefit is not available in a proprietary business where you have unlimited liability

Virtual Auditor online company registration services provide you the very cost-effective new company registration services in Mumbai.

If you want to start a company in Mumbai but are looking for a reliable and efficient way to register your company, Virtual Auditor can help. We offer you the option of registering your company online and filing relevant documents directly through our platform with government authorities.

Virtual Auditor is an online Certified Company Registration Service Provider in India, helping entrepreneurs register their company in Mumbai and any part of the country.

We provide complete services regarding the registration of your company within five days,

Types of Companies You Can Register

  1. Sole Proprietorship: A simple and straightforward type of business, owned and managed by a single individual. Ideal for small-scale businesses with low capital requirements.

  2. Partnership: A legal arrangement where two or more individuals join together to run a business and share profits. Partnership agreements define the terms and conditions governing the relationship between partners.

  3. Limited Liability Partnership (LLP): A hybrid structure that combines the flexibility of a partnership and the limited liability of a company. LLPs are ideal for professional services firms.

  4. Private Limited Company: A popular choice for startups and businesses seeking to raise capital, offering limited liability to its shareholders and the ability to issue shares.

  5. One Person Company (OPC): A unique structure for a single promoter who wants the benefits of a private limited company without the need for additional shareholders.

 

Great, there’s a big difference between having a great idea and transforming it into a successful startup company distinct advantages of private limited company registration in Mumbai are 

    • PVT LTD company registration is the most popular form to start a business by MSME and small business owners
    • Company Registration in Mumbai is the best suited for start-up and entrepreneurs looking to raise fund
    • Company Registration is a Distinguish legal Identity with Limited liability.
    • Online company registration helps to Easy Compliances.

  •  
  •  

Company Registration in Mumbai is governed by Companies Act 2013 which lays down the procedure for registering and managing a company and its affairs, now we can apply GST registration and ESI PF registration along with Company Registration in e-form AGILE (lNC 35) containing an application for registration of the following numbers, namely. 
(a) GSTIN with effect from 31st  March 2019 

(b) ITPFO with effect from 8th April 2019 

(c) ESIC with effect from 15th April 2019  

You may also get Professional Tax Registration along with the company registration

Ministry of corporate affairs through www.mca.gov.in which is its E-Portal manages the compliance under the companies act and all company formation related formalities must be done through this e portal

For Company Registration in Mumbai contact Virtual Auditor @ 77000 89597 / 99622 60 333

Company Registration in Mumbai
Company Registration in Mumbai

How to register your company in Mumbai?

We encourage you to start your dream business and begin your journey to success, Now!

We at Virtual Auditor Specialise in Private Limited Company Registration in Mumbai, LLP Registration in Mumbai, One Person Company(OPC) Registration in Mumbai, GST registration, Trademark registration, Accounting Services and offer Tax Returns Fillings.

Mainly in the business, you need the 2 types of registration –

1.Business Registration
2.Tax registration

a) Business Registration – Business registration mainly refers to the company registration but you have to choose the proper legal entity before the online company registration in Mumbai. So let’s learn here how to register a company online with the proper legal entity –

 

There are 5 types of the legal entity or form of the business across India –

1.Private Limited Company Registration in Mumbai  

The private limited company required a minimum of 2 Directors or shareholders in the company. If you start a business in Mumbai with your friends as co-founder or partners then Pvt Ltd company is one of the best options for the startups in Mumbai.

1. If you want to raise the funds from the angel investors or venture capitalist then go with the Pvt Ltd company.

2. If you need limited liability in the business means your personal & company assets are separate from each other.

3. If you need name protection like no one can use the same name then yes the private limited company is the best for you.

Cost or charges for the Private limited company registration in Mumbai : –

In the Mumbai, professional charged nearly 15000/- to 20000/- INR for the private limited company registration which includes all the government cost & professional charges.

2. LLP Registration in Mumbai : 

LLP refers to a limited liability partnership. It’s also required a minimum of 2 partners or people for the registration. Therefore, It’s a simple mixture of the partnership firm and private limited company with an added advantage of Limited liability

The cost of LLP Company registration in Mumbai – in the LLP registration cost is lower when compared to the private limited company registration but LLP agreement cost matter on the capital. When you hire any LLP registration consultants in Mumbai they are charging nearby 9000/- to 10000/- INR with the government cost of LLP.

3.OPC Registration in Mumbai: 

OPC registration refers to one person company in Mumbai. Its is a similar legal entity like the private limited company but need only the one person during the registration process.

So there is similar reason with the private limited company to choose the OPC when you are a single founder of the company.

Therefore, OPC can be formed with Rs 13000/- to 15000/- for the OPC Registration in Mumbai.

How to start the Company Registration process in Mumbai? and what is the jurisdictional RoC in Mumbai

As per the MCA(Ministry of Corporate Affairs), each state have their own ROC(Registrar of Companies), but in since the inception of CRC ( Centralised Registration Centre) In Manesar all incorporation filing will be done there

As per the notification In exercise of the powers conferred by sub-sections (1) and (2) of section 396 of the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the Act), the Central Government hereby establishes a Central Registration Centre (CRC) having territorial jurisdiction all over India, for discharging or carrying out the function of processing and disposal of applications for reservation of names under the provisions of the said Act.

In terms of office, Maharashtra and Tamilnadu is the only state where they have two ROC. so each state covered their own ROC which handles only their state companies.

Therefore, Mumbai ROC has a responsibility & duty of register the private limited company or any other type of the companies & LLP (limited liability partnership) & ensure these companies are complying with the statutory requirements of the act.

Types of Legal legal entity with Directors and Shareholders a guide on company registration in Mumbai

When you start company registration in Mumbai, you may have technical or non-technical partners or single founders. Therefore, Mumbai being a startup hub and the investment capital of India are,

  • Private limited company
  • LLP (limited liability Partnership)
  • One Person Company.

Depending upon the legal entity apart from the founders. And, if you are investors then you can call them as Shareholders. In most of the cases, in the starting founders & shareholders are the same because they are investing the money in business and run as bootstrapping. So here is the short guide to choosing the right legal entity to start a business in Mumbai City.

a) Private Limited Company Registration 

When you have the two co-founders or want to raise the money from angel investors or venture capitalist in the future then always go with the private limited company registration in Mumbai.

b) Limited Liability Partnership | LLP Registration

When you have two partners or co-founders but have enough money to invest in the startup for the long terms & need limited liability in the business then go with the LLP company registration in Mumbai.

c) One Person Company Registration

OPC is similar to the private limited company so it’s a best when you are the single founder of the company & need just a limited liability in the business with company legal status and 100% control over the business then go with the One Person company registration in Mumbai.

Private Limited Company Registration in Mumbai

Privately limited company registration starts from Rs 12,000. Register a private limited company in Mumbai within 5–10 working days…

Limited Liability Partnership

Limited Liability Partnership registration starts from Rs 10,000 (Inclusive of taxes). Register an LLP in Mumbai within 10-15 working days…

One Person Company Registration in Mumbai

One Person company registration starts from Rs 10,000 (inclusive of taxes).
Register an OPC in Mumbai within 10 – 15 working days…

Foreign Subsidiary

Register a branch office or a wholly-owned subsidiary in India within 30–45 days. Therefore, the Registration of wholly-owned companies starts from Rs 40,000…

 

Registering a private limited company in Mumbai requires the support of CA/CS/Lawyer as the legal procedures are involved in it. it’s a complicated process but does not worry our team of experts will take care of these issues  

 

Step-by-Step Company Registration Process

  1. Obtain Digital Signature Certificate (DSC): Apply for a DSC for all directors, which will be used for online document submission.

  2. Register for Director Identification Number (DIN): Obtain a DIN for all proposed directors by submitting the required form and supporting documents.

  3. Name Approval: Submit a name reservation application through the Ministry of Corporate Affairs’ (MCA) RUN (Reserve Unique Name) service. Choose a unique, relevant, and easily searchable name for your company.

  4. Draft Memorandum of Association (MOA) and Articles of Association (AOA): Create MOA and AOA, detailing the rules and regulations governing your company’s operations.

  5. Company Registration: Submit the SPICe+ form with the required documents, MOA, and AOA to the MCA for approval.

  6. PAN and TAN: Once the company is registered, obtain the Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) for your company.

  7. Open a Bank Account: Open a current account in your company’s name to manage financial transactions.

Registering a private limited company in Mumbai requires the support of CA/CS/Lawyer as the legal procedures are involved in it. it’s a complicated process but does not worry our team of experts will take care of these issues  

So, the next time someone you wonder how to register a company in India, you can easily log in to our website and use our services.

Now that you have understood the Steps involved. Hence, we will get into the intricate details of company registration and its procedures

We can choose any of the methods for name approval

  1. Approval through RUN form route

2. Direct SPICE Route

Method 1: Incorporating a Company via RUN (Reserve Unique Name) form:

RUN(Reserve Unique Name) form gives only Two (2) chance for applying one is original submission and the other is in resubmission mode. Therefore, You must ensure that the names should not be general and should be closely resembling with other companies detailed understanding of name availability guidelines

In one application we can apply for Two names in case of Resubmission. Hence, we can apply for the next two names You can check the names through this government portal link, or refer our detailed on company name selection  

Company registration - Reserve unique name form

METHOD 2:

Apply Directly in SPICE INC -32 for company registration and get a direct certificate of incorporation, the only pitfall is that we can apply only one name and all legal documents must be fully prepared to proceed with this, if the name is rejected then we have to completely redo entire documents such as INC- 9 ( Affidavit), DIR -2 ( Director Concent) and all other documents including NOC from owner

Step 2: Form SPICe (INC-32) form used for Company Registration in Mumbai

DSC ( Digital Signature) in simple terms means your physical signature in a digital form. This does not mean your physical signature is copied and pasted. it’s all your data that is PAN number and other details are embedded in a file that can be downloaded in an e-token.

The e-token has password protected. Which will act as your digital signature for company formation, GST registration, PF Registration and for Income Tax filing. We have to use class 2 DSC provided by government-approved vendors such as e-mudra or Sify or N-Code

MCA (Ministry of Company Affairs) has introduced Form SPICe (INC-32) for easy and fast company registration

  • Application for allotment of DIN (Director Identification Number)
  • Reservation of company name
  • Incorporation of a new company
  • Application for PAN and TAN

Step 3: e-MoA(INC-33) and e-AoA (INC-34)

AOA Articles of Association
AOA Articles of Association

 

MOA Memorandum of Association
MOA Memorandum of Association

Therefore, e-MoA refers to an electronic Memorandum of Association and eAoA is electronic Articles of Association.

Memorandum of Association in Company registration represents the charter, indicating the lines of business its operation as the main business and other activities related to its main business activity

Hence, Articles of association used in company registration process define the powers, rights, and responsibilities of the directors and shareholders

Step 6: PAN and TAN Application

Through this single form SPICe, you have mandatory to apply for PAN and TAN by using forms 49A for PAN and 49B for TAN.

Hence, The system will auto-generate these forms after the submission of SPICe form.

Step 7 : Apply for Shop & Establishment Act Registration

Apply for Shop & Establishment Act Registration with local labour that you establishment is fully complaint with local labour laws of the state

Step 8 : Apply for Professional Tax Registration

Apply for Professional Tax Registration with local labour that you establishment is fully complaint with local labour laws of the state

Company Registration in Mumbai Cost :

Company Registration in Mumbai cost would depend on the legal entity. Therefore, it would cost ranging from Rs 11,999 to Rs 19,999 for Private Limited Company Registration in Mumbai

Therefore, LLP company registration in Mumbai costs in this range 8,999 to  10,999 rupees.

And, One person company registration In Mumbai cost in the range 11,999 to Rs 19,99 rupees.

Best Way to find Company Registration Consultants in Mumbai :

Your Experts Virtual Auditor is here to support you For any assistance on Private Limited company registration in Mumbai, contact virtual Auditor support team at [email protected] or contact 77000 89597 /044 -48560333, Therefore, we will help you with the process.

WHAT ARE THE OTHER REGISTRATION TO BE TAKEN AFTER COMPANY REGISTRATION IN MUMBAI?

Post Company Registration in Mumbai, the following is the Mandatory Registration

  • Import & Export Code Registration

    • After the Company Registration in Mumbai has completed and your company has software, exporter/goods exporter, obtaining an Import Export Code is mandatory
  • GST REGISTRATION 

    • Therefore, Every company post Company Registration in Mumbai, which has engaged in any trade or professional should obtain GST REGISTRATION if the turnover exceeds the threshold Limit of Rs 20 Lakhs per annum.

Your Experts Virtual Auditor is here to support you For any assistance on  Private Limited company registration in Mumbai contact virtual Auditor support team at [email protected] or contact 77000 89597 /99622 60333, we will help you with the process

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *