Easy Startup Registration
in just 7 days with TAXFIN LEGAL.

Introduction to Startup Company Registration:

Startup companies are new and innovative businesses that aim to address a specific problem or need in the market. To promote entrepreneurship and innovation in India, the Government has introduced several initiatives and schemes, including startup registration. Online registration of a startup company is a simple and convenient process that can be completed from anywhere with an internet connection.

Eligibility Criteria for Startup Company Registration:

To be eligible for startup registration, the company must meet the following criteria:

• The company must be a private limited company, limited liability partnership (LLP), or a partnership firm.
• The company must be incorporated or registered in India for less than 10 years.
• The annual turnover of the company should not exceed INR 100 crores.
• The company must be working towards innovation, development, deployment, or commercialization of a new product, process, or service.

Documents Required for Online Registration of Startup Company:

The following documents are required for online registration of a startup company:

• PAN card of the company and its directors
• Address proof of the company and its directors
• Digital Signature Certificate (DSC) of the company directors
• Director Identification Number (DIN) of the company directors
• Memorandum of Association (MOA) and Articles of Association (AOA)
• Certificate of Incorporation (for companies already registered)

Step-by-Step Guide for Online Registration of Startup Company:

1. Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the directors.
2. Reserve a unique name for the company using the RUN (Reserve Unique Name) form.
3. Prepare the Memorandum of Association (MOA) and Articles of Association (AOA) of the company.
4. File the SPICe (Simplified Proforma for Incorporating Company Electronically) form with the Ministry of Corporate Affairs (MCA).
5. Obtain the Certificate of Incorporation (COI) from the MCA.
6. Apply for Permanent Account Number (PAN) and Tax Account Number (TAN) of the company.
7. Register for Goods and Services Tax (GST) if applicable.

Benefits of Registering a Startup Company Online:

Some of the benefits of online registration of a startup company include:

• Quick and easy registration process
• Convenience of registering from anywhere with an internet connection
• Reduced paperwork and physical visits to government offices
• Cost-effective compared to traditional registration methods
• Access to government schemes and benefits for startups

Conclusion:

Why Online Registration is the Best Option: Online registration of a startup company is a hassle-free and efficient process that enables entrepreneurs to focus on their core business activities. With the availability of online registration portals and professional service providers, it has become even more accessible and cost-effective. So, if you are planning to start a new business, online registration is the best option for you.