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Indian legislation allows the registration of a public limited company, similar to a limited liability company, except that its shares can be offered to the public. This business form can accept foreign direct investments and must be established by at least seven members. The company’s shares are easily transferable, and members are liable only to the extent of their capital participation.
They need to fill out a form called the simplified proforma for incorporating a company electronically (SPICe). A Memorandum of Association (Moa) is a legal document required to incorporate a company. It contains details of the company’s shareholders and its objective.
To register a company, you need to use the MCA Portal. However, if you are not a chartered accountant or a legal expert, you will need the help of a legal expert to complete the registration process.
The main types of companies in India include Private Limited Company, Public Limited Company, Limited Liability Partnership (LLP), One Person Company (OPC), and Sole Proprietorship. The most suitable structure depends on the business size, ownership model, and long-term goals.
Company registration in India usually takes between 7 to 15 business days, depending on document readiness, name approval, and government processing times. The timeline may vary based on the type of company and regulatory approvals required.
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