Introduction

Starting your own company can be an exciting venture. The process can seem daunting, but with the right guidance, it can be straightforward. Deeksha Khurana, a tax consultant at Taxlegit, is here to help. In this blog, we will walk through the steps to register a company, focusing on LLP registration, Section 8 company registration, and the GEM registration process.

Understanding LLP Registration

LLP stands for Limited Liability Partnership. It combines the benefits of a partnership with limited liability for its partners. This type of business structure is ideal for professionals, small businesses, and startups.

Steps for LLP Registration

1. Obtain Digital Signature Certificate (DSC):

• Each designated partner must obtain a DSC. This is required for filing the registration form.

1. Apply for Director Identification Number (DIN):

• Apply for a DIN for each partner. This can be done online.

1. Name Reservation:

• Choose a unique name for your LLP. You can check name availability on the Ministry of Corporate Affairs (MCA) portal.

1. Incorporation Form:

• Fill and submit the incorporation form (Form FiLLiP) along with required documents. These include the LLP agreement, partner details, and proof of registered office address.

1. File LLP Agreement:

• Draft the LLP agreement and file it with the MCA within 30 days of incorporation.

Section 8 Company Registration

A Section 8 company registration is a type of non-profit organization in India. It is formed with the objective of promoting commerce, art, science, sports, education, research, social welfare, religion, charity, or any other useful object.

Steps for Section 8 Company Registration

1. Obtain DSC and DIN:

• Similar to LLP registration, obtain a DSC and DIN for directors.

1. Name Approval:

• Submit the name approval application (Form INC-1) to the MCA. Ensure the name reflects the non-profit nature of the company.

1. Prepare MOA and AOA:

• Draft the Memorandum of Association (MOA) and Articles of Association (AOA) outlining the objectives and regulations of the company.

1. Apply for License:

• Apply for a license under Section 8 of the Companies Act, 2013 using Form INC-12.

1. File Incorporation Forms:

• File the incorporation form (Form INC-32) along with the MOA, AOA, and other required documents.

1. Obtain Incorporation Certificate:

• Once the documents are verified, the Registrar of Companies (ROC) issues the incorporation certificate.

GEM Registration Process

Government e-Marketplace (GEM) is an online platform for public procurement in India. It helps government departments and PSUs procure goods and services.

Steps for GEM Registration

1. Create an Account:

• Visit the GEM portal and create an account. You need to provide your business details and contact information.

1. Upload Documents:

• Upload the necessary documents. These include PAN, Aadhar, Udyog Aadhar, and bank account details.

1. Business Profile:

• Complete your business profile by providing information about your company, products, and services.

1. Product Listing:

• List the products or services you offer. Make sure to provide detailed descriptions and pricing.

1. Verification and Approval:

• The GEM portal will verify your details. Once approved, you can start selling to government buyers.

Conclusion

Registering a company involves several steps, but with the right help, it becomes manageable. Deeksha Khurana at Taxlegit provides expert guidance on LLP registration, Section 8 company registration, and the GEM registration process. Following the steps outlined above will set you on the right path to establishing your business.