Gurgaon is a technical hub and an ideal place for startups because it provides big market of customers Gurgaon has a large number of incubators, venture capital firms that helps businesses to boost the startups. Many businesses such as e-commerce, IT, Training and health are setting up in Gurgaon envisaging their growth. So, if you planning to register a company in Gurgaon, then this article is for you.
Sole Proprietorship
Partnership
Private Limited Company
Limited Liability Partnership (LLP)
One Person Company
Public Company
The following criteria must be fulfilled to register a company in Gurgaon:
- Minimum of 2 shareholders are required to start a private limited company, however maximum 200 shareholders can be there in a Private Limited Company. In Private Limited Company the shareholders have the benefit of limited liability.
- Private Limited Company must have at least two directors to register the company, however maximum 15 members can be there. The age of directors must be 18 years.
- There is no limit on minimum capital requirement for a private limited company.
- The words “Private Limited” must be included in the company name.
- The name of the company shall be unique i.e. must not be similar to any other registered company name or trademark.
1. ID proof of the directors and subscribers of AOA and MOA
- Aadhar Card
- Voter ID Card
- Driving License
- Passport (must in case of foreign national)
2. Address proof of the directors and subscribers of AOA and MOA
- Utility Bills (recent utility bill i.e. electricity, water, internet etc.)
- Bank Account statement
3. No Objection Certificate from owner of the premises and address proof, of the registration address for the proposed Company
- Latest Utility bill
- Rent Agreement and NOC from owner of the premises
- Latest Property tax receipt
- Sale deed or property registration documents (in case of owned property)
4. Memorandum of Association
5. Article of Association
The SPICe+ forms are used to register a company online, which saves lots of time and documentation.
Following procedure is used to register a company in Gurgaon:
- Obtain a DIN unique number of all the directors by the Ministry of Corporate Affairs (MCA).
- Subscribers (first shareholders/promoters) and Directors must have the Digital Signature Certificate (DSC) to digitally sign the electronic forms and other documents. If they already don’t have DSC then they are required to obtain DSC.
- Choose a couple of preferred and unique name that is not similar to another registered business name or trademark and apply for name reservation with the Registrar of Companies
- Gather all the required documents as stated above, fill the required forms online and apply for the Company registration
There are many advantages that a Private Limited Company offers. Some of the key benefits are as follows:
- Liability of its subscribers is limited to their share in the company. In other words, their personal assets are protected and not used to pay-off Company’s liabilities
- Separate legal identity of subscribers and the company
- Considered genuine, more structured and more credible in the market
- More flexible in terms of change in capital structure and issue of new shares.
- Regulated by government, hence roles, responsibilities, authorities and obligations of the Company, subscribers and management are clearly defined.
- Higher compliance requirement
- Reduced privacy and confidentiality. A company being a registered entity is subject to many disclosure requirements to banks, regulatory authorities and at times to public at large, this reduces privacy and confidentiality to a great extent.
The process to register a company in Gurgaon can be complex and takes lots of your time, if you do it by yourself. We at OnlineCorpServ, can assist you to complete the application process easy and quick manner.
If you have any queries regarding the registration, reach out to us for a free consultation, we help you in every possible way.
Couple of names can be applied, of which one can be reserved (subject to availability) by MCA, for company through RUN service by logging in the MCA portal and paying a fee of INR 1000.
In a Private Limited Company there should be minimum 2 directors
In a Private Limited Company there can be minimum 2 shareholders and maximum 200 shareholders.
Minimum paid up capital required at the time of registration of a Private Limited Company is INR 2.
Yes, company registration process is completely online. Right from name reservation to filing of relevant documents, making payment and tracking of application, everything can be done online on MCA website.
There are some forms which are event based such as change in Directors, Change in address, commencement of business etc. Such forms are required to be filed within due time from the from occurrence of that event. While there are other documents such as Balance Sheet, Annual return etc. which are required to be filed every year.
E-form can be signed using the Digital Signature Certificate (DSC). Every e-form requiring digital signature/s has DSC box/es in the e-form to affix the digital signature/s.
Fee payments can be done electronically through credit card or Internet Banking. System workflow on MCA portal takes you through payment process once the required documents are submitted and will prompt for payment. One can choose the mode of payment and make the payment accordingly.
The company will have to rectify the deficiency first for example company will have to file balance sheet and annual return for the year/s for which it has been marked as defaulting. Once the required documents are filed, the defaulting status will be removed and company will be able to file normally in future.
