Company Registration in Pune
Greetings, fellow entrepreneurs! My name is CA Bhuvnesh Kumar Goyal, a practicing Chartered Accountant since and a fellow member of the Institute of Chartered Accountants of India with the membership number 540126. I have veen registering companies since 2009. Today, I bring to you a one-stop guide for company registration in Pune, complete with insider tips and tricks to make your entrepreneurial journey a smooth ride. Let’s dive in!
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Email: support@cabkgoyal.com
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Decoding Company Registration in Pune
What is Company Registration?
Simply put, company registration is the process of incorporating a business as a separate legal entity under the provisions of the Companies Act, 2013. By doing so, the company acquires an identity distinct from its owners and becomes capable of entering into legal contracts, acquiring assets, and being held liable for its actions.
Section 3 of the Companies Act 2013, states as follows:
- (1) A company may be formed for any lawful purpose by—
(a) seven or more persons, where the company to be formed is to be a public company;
(b) two or more persons, where the company to be formed is to be a private company; or
(c) one person, where the company to be formed is to be One Person Company that is to say, a private company, by subscribing their names or his name to a memorandum and complying with the requirements of this Act in respect of registration - (2) A company formed under sub-section (1) may be either—
(a) a company limited by shares; or
(b) a company limited by guarantee; or
(c) an unlimited company.
Why Pune ?
Pune, the buzzing capital of India, is a hub of business opportunities and a melting pot of diverse cultures. With its strategic location, pro-business policies, and a robust infrastructure, Pune makes for an ideal destination for entrepreneurs to set up shop.
As per the data hosted by ministry of corporate affairs, 1530 new Companies were registered in Pune in April 2023. This includes all forms of Company such as Private Limited, Nidhi Limited, One Person Company, Producer Company and section 8 Company. Furthermore, in addition to 1531 companies, 391 Limited Liability Partnership Firm got registered in Pune in the month of April 2023. This is the highest in entire India.
Registering your company in Pune can bring you a host of benefits, including:
- Access to a vast market
- Skilled workforce
- Business-friendly environment
- Streamlined processes
- Networking opportunities
Benefits of Private Limited Company Registration in Pune
Separate Legal Entity
A Company is basically artificial person having it own legal identity. A PAN Card will be issued in the name of the Company.
Therefore, a Private Limited Company enjoys a Separate Legal Entity meaning It can purchase any asset it its own name, it can file legal cases against others and others as well can file legal case against the Private Limited Company.
Therefore, the directors and private limited company are two separate persons in the eyes of law.
Raising Funds
After Private Limited Company Registration in Pune, the Company can raise funds privately by issuing shares. A Private Limited Company can issue shares to upto 200 people and raise funds from them by giving stake in the Company.
The funds so raised is not in the form of loan but capital. The concept of raising funds through equity has allowed startups and news business to build their business without any loan liability on their head.
Startup India Recognition
A Private Limited Company after incorporation may apply to the Government for Startup India Recognition which results in many benefits for the Company such as market reach, fundings, tax holidays and many more.
Credibility
Private Limited Company Registration in Pune is granted by Ministry of Corporate Affairs after verification of all the documents of the directors, verification of existence of the company address and other documents. Further, a Practicing CA and CA Firm Certifies all the documents that they has gone through all the documents and details of the directors & Company which are in accordance with the provisions of the Companies Act, 2013.
Once the verification is completed, Certificate of Incorporation, PAN Card and TAN Card are allotted to the Company by MCA.
Since all the documents and details are first certified by a Chartered Accountant and then verified by MCA hence it brings credibility to the Companies Profile and existence.
Scalability
Scalability is one of the biggest advantage of a Private Limited Company as it can issue shares, raise funds, fight cases in its own name, enter into contacts in its own name, go to IPO and become a listed company on NSE or BSE by converting itself to a Public Limited Company.
Perpetual Succession
Perpetual succession is a concept that refers to the continuous existence of a company, irrespective of the changes that may occur in the management or ownership of the company. In other words, the company continues to exist even if its founders or directors die or retire, or if there are changes in ownership through share transfers
Types of Companies that can be registered in Pune
Private Limited Company Registration in Pune
A Private Limited Company is a privately held organisation which can be started with 2 shareholder and can have maximum 200 members. It can not raise fund from the public through IPO or other mode but can do so through private placements
Non Banking Finance Company
A Non Banking Finance Company (NBFC) is Company which is incorporated for the purpose of carrying on the activities of financing etc. In order to do so, first the a Company needs to be registered as an NBFC then license from RBI needs to be obtained in this regard. Minimum capital required for NBFC is 2 Crores
Nidhi Company
To put it in simple words, a Nidhi company isbeing incorporated by people to carry on the business of micro finance.
Foreign Company
It basically means a Company which is already registered outside India and now wants to setup its business in Pune as well
One Person (OPC) Company Registration in Pune
One Person Company means a company which has only one person as a member. Though to register the same, documents of 1 nominee is also required.
Public Company
The major benefit for a Public Company is that it can go and raise funds from public at large. We require minimum 3 Directors and 7 Members to register a Public Company
Producer Company
Producer Company is formed by farmers to unite and bring synergies.
Subsidiary Company
A subsidiary company acts as a part of another holding company. Where the holding company have control over the subsidiary company. It is created for the purpose of expanding into different verticals of business
Documents required for Company Registration in Pune
PAN Card of all the directors
PAN Card of minimum 2 Directors and Maximum 15 Directors are reuqired. The same needs to be attested in case of Foreign National
Bank statements/Electricity Bill/Telephone Bill/Mobile Bill
They shall not be older than 2 months. Any one of the above is required and not all of them.
Passport size photographs
Passport Size photograph will be required of minimum 2 directors. The same can be sent in a soft copy form over our email support@cabkgoyal.com
Consent Letter
A Consent letter i.e NOC needs to be obtained from the person in whose name utility bill is generated. The NOC will be prepared by us for the signatures
Aadhar Card of all the directors
Aadhar Card of minimum 2 Directors are required. Passport Attested by an Indian Embassy in case of Foreign national
Mobile number and Email ID
Mobile Number and Email ID of the directors as well as the proposed company would be required. The same shall be active to receive multiple otps
Utility Bill
Utility bill for the proposed registered place of the company would be required. It can be a Electricity Bill, Water Bill of Telephone Bill
Other Information
Other information such as Place of birth of the directors, their Occupation, Proposed name of the company, duration of stay at current address.
Process of Company Registration in Pune
Following are the steps for Company Registration in Pune which are needed to be followed
Step 1: Submission of the documents & Details mentioned above
Step 2: Scrutiny of all the documents
Step 3: Application for digital signatures
Step 4: Analysis of Company name for its availability
Step 5: Filing of Applications for Registration with Ministry of Corporate Affairs
Step 6: Company Registration Approval and Distribution of Company Document
Step 1: Submission of the documents & Details mentioned above: You will need to submit all the relevant documents & details as mentioned in the article above to our email support@cabkgoyal.com or on our whatsapp number +91-9971782649 to proceed with the Company Registration in Pune. On receipt of the documents, we will share the link to subscribe for our company registration services.
Step 2: Scrutiny of all the documents: On receipt of the documents & details we will go through them in detail. If there is a missing document or detail then we will inform you to submit the same. Further in this step, we will also prepare a NOC, which would be needed to be signed by the owner of the property of registered place of business. Furthermore, an engagement letter would also be prepared at this stage containing terms and conditions to be signed by the proposed directors.
Step 3: Application for digital signatures
In this step, we will apply for digital signatures of the proposed directors. Directors will receive otp on their email and mobile for this purpose which will be required to be shared with our office. Furthermore, directors will receive a link on their email to upload a video for digital signature, they will need to record a video in the format which we will inform and upload the same on the link provided.Step 4: Analysis of Company name for its availability
In this step, we will analyse the desired name, check company name with the MCA or its availability. If the same is already registered or resembles to a already registered company then you will need to provide another name. Further, we will also suggest some alternative names as per experience.Step 5: Filing of Applications for Registration with Ministry of Corporate Affairs: In this step, we will fill all the required forms such as SPICE+ Part A, Part B, MOA, AOA, Agile and INC. Further, the same will then be downloaded for affixing digital signatures of the directors and CA Bhuvnesh Goyal. Once the same is completed, the application is filed with ministry of corporate affairs and all the documents are submitted for their approval. This is important to know that company registration process requires certification of a practicing CA.
Step 6: Company Registration Approval and Distribution of Company Document: Once the company is approved by the ministry of corporate affairs, we will provide you all the company registration documents such as Company Registration Certificate, PAN Card of Company, TAN Card of Company, MOA and AOA. Further, we will also now proceed for GST Registration and MSME Registration which will take another approx. 3 working days.
Frequently Asked Questions.
It will take around 7 working days from the date of submission of all the relevant documents and fee to get your company incorporated in Pune.
1- For Private Limited Company and LLP – 2
2- For Limited Company, NBFC and Nidhi – 7
3- For Producer Company – 10
For other than finance business, Private Limited Company is the best form of company. For finance business, Nidhi Company or NBFC is the best form of company. Further, for professionals such as architects, advocates, chartered accountants, LLP is the best form of business. Further, for group of agriculturists and farmers, producer company is the best form of company to go with.
Yes, Since a Certification from a Chartered Accountant or a Company Secretory is mandatory to incorporate a Company in Pune as per the Companies Act, 2013, hence it become compulsory to engage a Chartered Accountant in Practice or a CA Firm or a Company Secretory in Practice for Company Incorporation.
Further Digital Signatures of Chartered Accountant in Practice or Company Secretory in Practice is mandatory to be affixed in the forms which are requied to be uploaded for Company Incorporation.
Furthermore, for an individual it is difficult to draft Memorandum and Articles in accordance with the provisions of the Companies Act, Prepare documentation and File forms on its own as it requires professional knowledge and expertise to prepare MOA, AOA and the entire documentations for Company Incorporation.
Thats the reason the fee of Chartered Accountants or Company Secretory vary for Company Incorporation in accordance with their experience and expertise.
- The following documents you will get on your company registration completion
- Digital Signatures of Directors
- Director Identification Number of Directors
- Memorandum of Association of the Company
- Article of Association
- Certificate of Incorporation
- PAN Card of the Company
- TAN Card of the Company
- GST Registration Certificate of the Company
- MSME Registration Certificate
- CIN Number and ESIC Certificate
Yes, Once your company is registered in Pune, you will compulsory need to complete mandatory compliances under Companies Act as mentioned below. In case you do not get the compliances done yearly, quaterly and monthly basis as required under Companies Act, 2013 then huge penalties may be imposed by Government under Companies Act which may run into Millions of Rupees followed with criminal proceedings as well. The mandatory compliances are as follows:
1- Auditor Appointment and Common seal adoption within 1 month
2- Obtain Commencement of Business Certificate
3- Board Meetings, Annual General Meeting, Notice and Resolutions
4- Registers, Share certificates, Annual Returns, Accounting
5- Audits, Income Tax Retuns, GST Returns, TDS Returns, ESI & PF
Note: The above list is not exclusive, many other compliances are also needed to be completed depending on the type of the company. Failure to do so will lead to huge penalties.
Once the Company is registered in Delhi, we also provide the services of compliances as well, the entire list of compliances along with corresponding procedure will be emailed to you once the Company is incorporated.
The cost of Company Registration depends on 4 things i.e Number of Directors, Amount of Authorised Capital, Type of Company and professional’s fee. To give you an idea a Private Limited Company Registration in Delhi with Rs 1 Lakh authorised capital and 2 Directors may cost as low as Rs 2000 and as high as Rs 50000 depending on the professional fee. On an average, it may cost you in between Rs 7000 to Rs 15000 for company registration in Delhi. As per the Companies Act, 2013 only a practicing CA or CS can register a Company. Hence, we advise you to approach a Chartered Accountancy Firm directly instead of any online portal acting as an intermediary which might cost you huge due to their commission.
To know about our fee, you can simply leave a message on our whatsapp number 9971782649 or drop an email to support@cabkgoyal.com
No, you don’t need to go physically to the office of the registrar of companies to get the company registered in Pune. All the company registration in Pune is being processes by central processing unit online and no physical presence is required.recommended
Yes, foreigners can register a company in Pune, provided they comply with the Foreign Direct Investment (FDI) guidelines and other applicable laws. Foreigners need to obtain a valid visa, PAN, and Digital Signature Certificate (DSC) before initiating the registration process.
Yes, foreigners can register a company in Pune, provided they comply with the Foreign Direct Investment (FDI) guidelines and other applicable laws. Foreigners need to obtain a valid visa, PAN, and Digital Signature Certificate (DSC) before initiating the registration process.
Yes, you can change the registered office address of your company after registration in Pune. To do so, you need to file the necessary forms and documents with the Registrar of Companies (ROC) and obtain their approval.
Yes, you can register a company in Pune with just one director if you choose to form a One Person Company (OPC). However, for other types of companies like private limited or public limited companies, a minimum of two directors is required.
Yes, you can convert your existing business structure to another type after company registration in Pune. For instance, you can convert a sole proprietorship into a private limited company or a partnership into a limited liability partnership (LLP). However, you must follow the prescribed procedures, file the necessary forms, and obtain the required approvals.
Contact Details for Company Registration in Pune
Email: support@cabkgoyal.com
Mobile: 9971782649