Noida being one of the largest cities of Uttar Pradesh, offers immense opportunities for businesses at the same time the people who intends to start their business in Noida face high level of competition. To establish that your organization is real and trustworthy it is not just important but critical to Register your Company in Noida.
If you are planning to start your business in Noida then OnlineCorpServ Consultant can be a great help to you as we bring multiple business support services under one roof i.e. Registrations, Compliance Filings, Accounting, Taxation, Auditing, Project Report for Loan, DIN (Director Identification Number) KYC etc.
1. Sole Proprietorship business
2. One person Company (OPC)
Private Limited Company
3. Partnership Firm
4. Limited Liability Partnership (LLP)
5. Private Limited Company (PLC)
6. Public Limited Company/Public Company
The following are the business structure in Noida:
1. Number of owners/shareholders
Every business structure has its own requirement or limitation in terms of number of owners. For example, in OPC and sole proprietorship only one person can be owner, while in case of partnership firm or LLP there cannot be less than 2 partners, in Private limited company there can be 2 to 200 shareholders and in Public Limited company minimum 7 shareholders are required however there is no maximum limit of shareholders.
2. How much liability is the owners can bear
One has to decide whether he/she want to start/continue business in traditional way where their liability is not limited (like in case of Sole Proprietorship or Partnership Firms) or he/she want to limit their liability in business and keep his/her identity different from that of business.
3. Tax rate and other compliances applicable on any particular business structure
Noida, being the best business-friendly location, gives different tax and other benefits to businesses that set up their establishment in Noida. The benefit could be in the form of tax breaks, refunds, funds, and easier governmental processes etc.
4. Sourcing of funds
External funds/investors generally prefer registered business.
5. Business expansion plans for future
If you plan to expand your business to more than one location or you wish to establish your brand it is critical that you register your business to claim your ownership on the brand/goodwill.
1. Identification proofs 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 Bills (recent utility bill i.e. electricity, water, internet etc.)
- Bank Account statement
3. NOC 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
1. Obtain Digital Signature Certificate (DSC) for all directors and subscribers of MOA and AOA
2. Registration on MCA portal
3. Name reservation
4. Filing company registration application
Once the name is reserved, it’s the time to file the forms for company registration. Following documents are required to be filed:
Part B of Spice+ Form: In this form company details like subscribers, directors, capital, address, photograph etc. needs to be provided.
eMOA: eMOA i.e. Memorandum of Association primarily contains objects of the company.
eAOA: eAOA i.e. Article of Association. primarily contains the rules and regulation that govern the company i.e. responsibilities of the business, rights of shareholders.
Agile Pro Form: This form is extended form that helps business register simultaneously for other statutory compliances i.e. GST, Provident Fund, ESIC, Professional Tax etc.
INC 9: INC 9 is a declaration form wherein first subscribers and directors of the company affirm their eligibility and also confirm that they are not disqualified for their respective position in the company.
5. Submission of forms after affixing DSC
6. Payment of registration fee, stamp duty is required to be done on MCA portal.
7. Review process by appropriate authority: Central registration Centre (CRC) reviews the documentation and forward the application to Registrar of Companies (ROC) for approval and registration of company, if they find the application fit.
8. Issue of registration documents by Registrar of Companies (ROC)
Advantages of setting up business in Noida. Some of the key benefits are as follows:
1. Being Real and Trustworthy: When you register your business in Noida, it becomes legally acceptable. Registration makes it more trustworthy in the eyes of customers, vendors, professionals, government bodies, investors, banks.
2. Limited Liability Protection: By choosing registration of your business as a private limited, limited liability partnership, or one-person company or public company, limits the liability of owner i.e. it provides their personal asset a protection from debts of the business.
3. Access to Funding Opportunities: Registered companies in Noida have greater chance of getting funds as capital, loan.
4. Tax Benefits and Incentives: Government of India and Uttar Pradesh Government comes off with various incentives and tax benefits time to time, so businesses who register in Noida could be eligible to claim those benefits.
5. Growth and Expansion Opportunities: Company registration in Noida opens the opportunities for doors to growth and development
No, Private Limited Company’s shares are held privately, which means these shares cannot be traded among general public/share market.
Yes. Private Limited Companies can get venture capital fund and FDI in India.
Private Limited Company requires minimum 2 shareholders, so any two individuals with valid PAN card, Aadhaar card and a proposed office (owned or rented) can start a Private Limited Company in India.
Yes, you can involve any relative including your husband, wife, brother, sister, mother-in-law, father-in-law, mother father or any other relative.
Yes, you can start a Private Limited Company in Noida or anywhere in India, even if you have a very small office. There is no requirement that specifies minimum size of office for registration of a company.
Under normal circumstances, once all the documents are submitted with Registrar of companies it is approved within 20-25 days. In case of any queries or resubmission requests by RoC, the process may get delayed. Please note that the company registration process requires review approval of government authority at different stages, for which time may vary depending on their work load.
