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Company registration in Bikaner

With the rapid change in time and fast development of technology, the world is racing towards perfection. India is a country that is very well competing in this race and is improving every single day. India is one of the most preferred countries for business start-ups and entrepreneurship. Since our nation is so vast and the market is so versatile as well as huge, companies have a plethora of options to explore and experiment with. But for that, you have to start with registering your company. Now, let’s get to know how company registration in Bikaner works.

To register a company in Bikaner, the first thing that you have to do is follow the appropriate rules and regulations laid down by the Government under its supervision. You have to register your name and your logo under proper guidelines. 

For making the process a lot smoother and easier, Government authorities keep the option of both online and offline registration. For registering a new company, you have to choose a unique name that must not have been used before. From here the tough parts begin but this article would make it easier. 

Things to remember while naming a company

To name a company is as difficult as running a company since it’s the name of the company that’s going to add value and people are going to associate it with the company. Certain points to remember while naming the company are:-

  • It should be short and easy to remember.
  • The name should reflect the business.
  • The name shouldn’t be repetitive, that is it shouldn’t be used by any other company.

Guidelines to follow while naming a company

For fulfilling the process of company registration in Bikaner, certain guidelines should be followed while naming a company. Let’s have a look at those.

  • If you wish to change the name of your company after naming it, then you have to wait until 3 years before doing so.
  • The name of the company should always align with the objective of the company.
  • If you wish to use words like Prime Minister, Federal, National, and so on then you have to take special approval from Central Government before using it.

So, the tough part is done. Now, the next phase of company registration in Bikaner involves knowing what type of start-up your company is going to be. Let’s have a glance at it.

Types of Company you can register in Bikaner

Let us explore the categories of companies one by one to understand which kind of company can be registered under which type. 

 Sole Proprietorship

The first one on this list is the Sole Proprietorship Company. This type of company is owned and run by one person. Sole Proprietorship is the most generalized type of business practice followed in India. Over here, one person manages, controls, and operates all the business activities. The single person enjoys all the profits and bears all the losses alone.

The documents required for this registration are Aadhaar Card, PAN Card, Bank Account, and the Rental Agreement. 

Partnership Firm

A partnership Firm is a type of company in which more than 1 owner is running the company. In this type of company, the partners sign an agreement in which the role of every partner is specified clearly. The profits earned must be distributed equally among all the partners.

In this type of agreement, the name of all the partners should be mentioned, the obligations of each partner should be mentioned, and investments should be made by each partner.

One Person Company

The Government of India introduced a new type of company in the year 2013 which is known as the One Person Company. The scenario before introducing this type of company was a single person could not incorporate a company as there should be at least two directors for this to happen. But this changed after the One Person Company was introduced.

The documents needed for such registrations are:-

  • Reservation Application of name in INC-1
  • Identity proof
  • Address Proof
  • PAN Card copy of Nominee and Member
  • Registered office address
  • Company Registration Application
  • Affidavit of sharer for INC-9 form

Private Limited Company

Private Limited Companies are those in which at least two directors are must with their Director Identification Number that should be provided by the ministry of corporate affairs. The Private Limited Company should have at least 2 and at max 200 members or shareholders according to the Companies Act 2013.

The documents required over here are identity proof of directors, registration address of the company, copy of form DIR-2, and a copy of INC-9.

Public Limited Company

And finally, it is the Public Limited Company in which a minimum of 3 directors are must while there is no restriction on the maximum number of directors. There must be 7 shareholders at least and a minimum paid-up capital of Rs. 5 lakhs according to the Companies Act 2013.

The documents require over here are:-

  • DIN of all the directors.
  • Identity proof of all.
  • Address proof of all.
  • PAN Card of all the directors.
  • Utility bill of the registered company.

How company registration in Bikaner works?

Before applying to the Corporate of Ministry Affairs for the registration of the company, some steps have to be followed.

(i) Name of the Company – It is the most important and primary step.

(ii) Uniqueness of the name – The name of the company should be unique, something that must have never been used before.

(iii) Registering under the Type of Company – Choosing the company from the above-mentioned companies according to the business and registering under that company is important.

(iv) Appropriate Documents – There are five types of company and each company would be having different paper works, so arranging all the documents according to the demand is necessary for proceeding. 

(v) Director Identification Number is a must – Director Identification Number is unique for every person, so generating it from the Ministry of Corporate Affairs is a must.

(vi) Digital Signature Certificate for Identity Proof – Digital Signature Certificate is a paper certificate that proves a company’s identity and can be used to access information from the internet.

 (viii) Memorandum of Association and Processing Fees – The Memorandum of Association reflects the aim of the company that has to be submitted followed by the processing fees which is the last step of the registration.

(ix) Filling of Application with ROC – Now that all the steps are accomplished, registration through Registrars of Companies is possible. And after registration, your company is ready to function.

Company registration in Bikaner

Conclusion

Thus, this was all about the company registration in Bikaner. These steps and procedures would make your running of the company a lot more convenient and if you want to establish your company in India then staying abiding by these rules and following them are necessary.

 

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LegalWindow.in is a professional technology driven platform of multidisciplined experts like CA/CS/Lawyers spanning with an aim to provide concrete solution to individuals, start-ups and other business organisation by maximising their growth at an affordable cost.

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