In India, Noida comes under the National Capital Region (NCR), which is a thriving city and offers a dynamic business environment that encourages entrepreneur’s dreams into reality. However, before you enter the commerce world, you need to understand the Company registration in Noida. In the present article, we are going to explore the company registration, its eligibility criteria, documents and their process.
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Eligibility Criteria for Company Registrations in Noida
The eligibility criteria for company registration in Noida are regulated by the Ministry of Corporate Affairs (MCA) along with the Companies Act, 2013:
- Select the business types like One person company (OPC); Private Limited Company; and Limited Liability Partnership (LLP);
- There must be two directors in private limited; one in OPC, and LLP should be two partners;
- The registered office must be within the jurisdiction of the Registrar of Companies (RoC) in Noida;
- Must have approval for the company’s name;
- Mention the authorized and subscribed share capital of the company;
- The company must obtain a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN);
- Make sure about the compliance with regulatory needs;
- No objection certificate (NOC) for the property, in case the property is not owned by the company;
Documents required for Company Registration in Noida
The documents needed for company registration in Noida:
- Copy of Aadhar card and PAN card of each director;
- Passport-sized photos;
- Director Identification Number (DIN) along with ID proof and address proof for each director;
- Digital Signature Certificate (DSC) for each director;
- Drafted Memorandum of Association (MOA) and Article of Association (AOA);
- Declaration and Affidavit;
- Registered office proof;
- Copies of utility bills such as water, and electricity for the office registered address;
- Fill out part A & part B of the SPICE+ FORM;
- Common seal;
- Authorized capital proof;
- Board resolution;
- Certificate of Register business name
Step-by-step procedure for Company Registration in Noida
There is a step-by-step guide for Company Registration in Noida:
- Application for DSC and DIN;
- Reservation of name;
- Fill e-forms for part A & B of the SPICE+ Form
- Fill in the details in the e-form SPICE-MOA and AOA;
- Filing forms with the RoC;
- Pay requisite fees;
- Documents verification;
- Application for PAN and TAN;
- Need to open a bank account;
- Compliances with other regulations like GST;
- Filing of post Company incorporation such as issuing necessary forms with RoC;
Takeaway
In conclusion, our exploration of the company formation in Noida makes it clear that one needs to create strategic planning, clear understanding, and regulatory compliance. Noida with its progressive and dynamic environment provides a fertile ground for businessmen. However, it’s significant to unlock the potential and navigate a new company registration in Noida process.