The process of Company Registration in India

India is a developing country and it has already achieved the pace that is required for growing. Today, the Indian government is focusing more on encouraging its people to startup their own business. For this reason, company registration procedure is simplified by the government. There are two reasons for the same:

To encourage the corporate business style and keep track of the industry players.
To enhance the country’s financial condition which will ultimately boost up the country’s growth

In this article, we will discuss the company registration procedure. Following steps are included in company registration procedure:

Step 1: Approval of company’s name

The foremost step in the company registration is to choose a name and get it approved by the Registrar of Companies (ROC) in the State/Union territory in which the company will operate its office. But there are certain conditions required for the approval of the company’s name. They are-

There shouldn’t be any company with such a name.
The last words must be “Private Limited” in case you’re a private company and “Limited” in case of a public company.
The applicant must mention at least four names of the proposed company

Step 2: Submit SPICe to ROC

Memorandum of association, Article of Association and other is a legal document that consists of several factors related to the company formation such as the objectives, scope of activities, relationship with shareholders and more. While the articles of association refer to the document that consists of certain rules and regulations of the company. Therefore, Memorandum and articles of association are the two prerequisite documents that companies must submit along with and another legal document as an attachment to SPICe form to ROC for the purpose of incorporation.

Source by: https://penzu.com/p/ed93b40b