Company Registration in Mumbai

Posted by Registrationwala on April 7th, 2017

Mumbai is the commercial capital of India. Mumbai is also known as the “City of dream”
 for many people. Since it has many opportunities such as Film industry, Finance, Marketing, Banking, IT etc. Many people have emerged in Mumbai in and now have they have giant industry in front of us. Company registration in Mumbai is the opportunity which can take your Business to several heights.     

Business Registration or Company Incorporation both are the major step for establishment of Business in Mumbai. Company registration in Mumbai can be done in forms of company like Private Limited Company, Public Limited Company, One Person Company, Section 8 Company, Producer company and many more. 

There are some legal formalities like opening bank account, pan allotment, import export code, service tax registration, sales tax registration (TIN) etc.    

Types of Companies can be registered in Mumbai

Private Limited Company is the type of company recommended for Business in Mumbai. Since it is the company preferred for fund raising. Private limited company is cheaper than other forms of a company. It must have minimum of 2 members and can have maximum 200 members. Private limited company has limited liabilities and it also consist of some features of a partnership.

One Person Company (OPC) can be started by a Single member in Mumbai. It is one of the latest form of company in Companies Act, 2013.In OPC single person can become the director as well as the shareholder. Features of OPC Similar to the private limited company as the degree of operation and ownership are on the separate basis. It gives wings in the hand of Sole proprietor to form the company under with full control. It is done without any interference of the third person.  

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Public Limited Company- It is a publicly held company in Mumbai. Public Limited Company can obtain large amount of capital investment easily through general public in Mumbai and All over India. it is more transparent business model as compared to other business structures. Investors get the choice of transferring their ownership in the company without any hassle by just selling the shares.

These are the companies can be registered in Mumbai

• Section 8 Company(Non profit organization)
• Nidhi Company (Form of NBFC)
• Companies that have unlimited liability
• Joint Venture Company
• Producer Company(Agricultural, Dairy and other products)

Requirement to register a Company in Mumbai

• Minimum 2 directors are required in case if company is not OPC
• Directors and Shareholder can be same.(Can differ company to company)
• Pan Card, Voter id or Aadhar Card with Bank Statement Copy or any utility bills copy of the directors.
• Place address proof like rent agreement or utility bills copy or sale deed copy.

Steps to register a Company

• Obtain Director Identification number
• Obtain Digital Signature Certificate
• Search Company Name on MCA portal
• Draft MOA and AOA(MOA-Memorandum of Association and Article of Association) 
• File e forms to ROC Delhi regional office on MCA Website like Form INC-7, INC-22, DIR-12 which are final forms for the company registration in Delhi state.
• Obtain Certificate of Incorporation
• Finally Obtain PAN no. and Name of the Company