Requirements and Key Facts about Company Registration in India

The registration process for a company in India is intricately governed by the Companies Act of 2013, a comprehensive legal framework that delineates pre-incorporation and post-incorporation requisites. When embarking on the journey of registering a company in India, it is imperative to consider the following key elements:

Requirements and Key Facts about Company Registration in India,The registration process for a company in India is intricately governed by the Companies Act of 2013
Company Name:
ulArrow Selecting a unique and distinct name for your business is paramount. The chosen name must stand apart from existing businesses’ names or trademarks.
Shareholders:
ulArrow The parent company can hold 100% of the shares, or a combination of two foreign nationals can serve as shareholders. Notably, there is no mandatory requirement for an Indian resident to be a shareholder.
Share Capital:
ulArrow India does not impose a minimum capital requirement for company registration, providing flexibility for businesses in determining their capital structure.
Directors:
ulArrow A minimum of two directors is mandatory, with at least one director being an Indian resident. Additionally, nominee directorship services can be availed if needed.
Registered Address:
ulArrow Every company in India must have a registered address officially recorded in government records. Virtual office address services are available to fulfill this requirement efficiently.
Annual General Meeting (AGM):
ulArrow As per the Companies Act, every Indian company must conduct at least one annual general meeting, in addition to two board meetings within the year.
Company Secretary:
ulArrow Mandatory filing of three secretarial returns annually is overseen by a company secretary.
In terms of taxation, companies in India encounter the following considerations:
Professional and Government Fees:
ulArrow Incurrence of professional fees, including government fees for the registration process.
Profit Tax Rate:
ulArrow Post-incorporation, companies are subjected to a profit tax rate of approximately 25.36%.
GST (Goods and Services Tax):
ulArrow Applicability to domestic sales, with monthly GST returns and an annual tax return mandated.
Ensuring compliance with India’s unique requirements is crucial, encompassing:
Annual Compliance:
ulArrowMandatory statutory audits, even for smaller companies, necessitate the appointment of a statutory auditor and the submission of annual filings.
Navigating these multifaceted requirements is indispensable for the successful establishment and operation of a company in India, aligning with the stipulations of the Companies Act of 2013.For more information, visit us on: https://www.registerkaro.in/