Company Registration in Mumbai

Mumbai is the financial capital of India; it is also known as “The City of Dreams”. It is the third-best city in India for resolving cross-border trading issues. It plays a significant role in the ease and simplicity of registering a company in Mumbai. This is a wonderful opportunity to start your business in Mumbai. Company Registration in Mumbai is a 100% online process and it becomes easier with “Alonika. in”. We have a professional and experienced team of Chartered Accountants and company secretaries that help you to get the private limited company registration in Mumbai.

A private limited company is a business that is owned and managed by its directors and shareholders who can be an individual person, any corporate entity, or any HUF each shareholder’s obligation is restricted to the number of shares they buy.  It is governed by the companies act 2013, Earlier the companies act 1956.

Annual Compliance for Private Limited Company in Mumbai

Basic requirements for Company Registration in Mumbai

  1. Shareholders: There should be a minimum of 2 shareholders and a maximum of 200 shareholders. The Memorandum and Articles of Association should be signed by the initial shareholder(s) of the company.
  2. Directors: – There should be a minimum of 2 directors and a maximum of 15 directors. At least one director must be an Indian citizen. Any person can hold a valid DIN to become the director of the company.
  3. No minimum capital required: To register the Pvt.Ltd company no minimum capital is required.
  4. Company’s registered office address: The Address should be from Mumbai for the company registration process in Mumbai.

Requirement of Documents for the Company formation in Mumbai

The Applicant has to submit the required documents for company registration in Mumbai. There is a list of documents: The Address should be from Mumbai for the company registration process in Mumbai.

  Directors and shareholders  Address Proof for Business Place
· Copy of Aadhar and PAN card. (self-attested)
· Copy of Voter card/Driving License. (self-attested)
· Electricity bill
· Bank Statement not older than 1 month
· Latest Passport Size Photograph.
· Name of Company.
· Business of the company
· Shareholding pattern
· Name of Directors and Shareholders
· Mobile no and mail d for each director and shareholder.
· Latest Utility Bill
· Copy of Rent Agreement (if the Placeis rented)
· Copy of NOC
· Copy of Lease Deed (in case Place is on lease)
· Proof of Ownership (if the place is own)

procedure of Company Registration in Mumbai

Getting DSC Certificate: This is a mandatory step to starting a private limited company. DSC means Digital Signature Certificate for the directors and shareholders involved in the company. The main objective of the DSC is to sign all the e-forms.

Getting DIN number: DIN stands for Digital Identification Number. Every company director needs to have a DIN to be appointed as a director in the company.

Approval of company name: The next step is the approval of the company’s name. The Applicant has to choose a unique name for the approval of the company’s name. Your company’s name should not be similar to any other company’s name.

Fill out the New SPICe + forms: SPICe is the abbreviation for Simplified Performa for Incorporating Company Electronically. The Government of India, Ministry of Corporate Affairs introduced the new SPICe+ form on 6th Feb 2020 in the Gazette of India. SPICe+ is an integrated Web form offering 10 services by 3 Central Govt Ministries & Departments. (Ministry of Corporate Affairs, Ministry of Labour & Department of Revenue in the Ministry of Finance) and One State Government (Maharashtra), thereby saving as many procedures, time, and costs for Starting a Business in India. This Single form provides many services:

  • PAN and TAN  numbers
  • EMOA and EAOA forms
  • DIN allotment
  • EPFO
  • ESIC
  • GST number
  • Incorporation of company
  • Bank account No

Getting the Incorporation Certificate: After completing the SPICe+ form. The Registrar will check all the documents and issue the incorporation certificate and will allow the CIN number within 1- 3 working days. Moreover, the Applicant will get the incorporation certificate on E-Mail ID.

Opening of Bank Account: After the company gets Incorporated, a Bank Account will be opened in the bank the applicants decide at the time of filing of SPICE+ form. Bank details will be sent on mobile no by the MCA dept and the same will be operative once that bank representative completes all the KYC of the Directors.

Benefits of company registration in Mumbai

  • Increased Commercial Credibility and Acceptance: Due to the public’s and business community’s familiarity with its organizational structure, the Private Limited Company is the most respectable and well-liked corporate entity worldwide.
  • Perpetual Succession: It means that in case of any death or disability or retirement happened by any company’s members, the company’s existence does not end. It remains forever unless and until it is wound up by complying with the provisions of law. 
  • Limited Liability: Every Private Limited company has the benefit of limited liability. It means that the owners will not sell their assets if the company becomes bankrupt. Only the company’s assets will sell.
  • Attracting Employees: Talented employees like to work in well-organized corporate environments. The use of well-structured Employee Stock Option Plans makes it simple for Private Limited Companies to recruit and keep technically skilled employees (ESOP).
  • Separate Legal Entity: Separate legal entity is another benefit for the private limited company. It provides your business’s legal status.
  • Obtaining Funds: A Private Limited Company can take funds from banks and other financial institutions.

All the Above process is a requirement for company registration in Mumbai. Company registration is a complex process but our expert in “Alonika. in” helps you to register your company in Mumbai. So, contact us for more information.