What Are the Documents Required for Company Registration in India
What Are the Documents Required for Company Registration in India
There are different business structures that one can choose from to do business. Each of these structures has its own advantages and disadvantages.
The most popular structure is the Private Limited Company which has a distinct legal identity. This structure makes it easy for the founders to secure funds from banks and financial institutes. It also helps to separate personal and professional acts of the founders from the business. The documents required for this structure include DIN, PAN Card, address proof, utility bill, NOC from the landlord, and Memorandum of Association and Articles of Association.
The next structure is the Partnership which has 2 or more owners and profits are shared based on the partnership deed. The liabilities of the partners are also limited to the amount of shares they hold in the firm. The documents for this structure include PAN Cards and address proof, DIN and ID Proof of the partners, and a bank statement or letter stating that they are authorized to use the firm's account.
Another option is the One PersonCompany or OPC which has only one founder/owner and allows them to be a part of the business framework while maintaining a separate identity for themselves. The documents for this include PAN Card, DIN, ID proof of the director/shareholder, address proof of the office (should be commercial premise or rented) and utility bill. All these documents must be self attested by the stakeholders.
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