What is the procedure for company registration?

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What is the procedure for company registration?

Before establishing a business, one must first decide on the type of entity that will be the legal owner of the company. In the U.S., companies are formed as LLCs or corporations. A legal entity may be owned by an individual, foreign business, or partnership. If so, the person appointed as managing member or director must be registered. However, it is important to note that the company's directors are not the owners. Corporations are owned by shareholders.

 

A licensed company has many benefits. It makes the business genuine, enhances credibility, Furthermore, it grants the reliable investors bank credits and ease of investment. The name of the company must be proposed in the Form SPICe+ 32 application. The preferred name must be the same as that of the directors and shareholders. The director and officers of the company must obtain DINs and DSCs before applying for company registration.

 

The registration process is completely online. Digital signatures are required for all directors and subscribers of the AoA and MoA. These certificates can be obtained from government-recognized certifying authorities in less than two days. Digital signatures are also necessary for proposed directors to obtain their DIN. Moreover, the process of company registration includes the filing of e-forms and MoAs. These documents must also be submitted with ROC.

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