To register a company in India, first check your eligibility and required documents, then understand the detailed stepwise procedure which is followed for
registration of a private limited company in India. A Company is a favorite form of business for Startup India, where the most important benefit is the concept of
limited liability to its shareholders. The Banks, Financial Institutions, and Angel Investors Invest only in a Company form of business. Hence we strongly advise
registering a company for your business. The Foreign Direct Investment is allowed under Automatic Route and no Prior Approval is needed.
BENEFITS OF COMPANY FORMATION
A company is a legal entity, distinct and independent of those persons who from time to time are its members.
The liability of the company’s members can be limited to the extent they have agreed to contribute towards the capital of the company with reference to the number of
shares and/or the amount of guarantee respectively undertaken by them.
As the company is having an independent personality of its own, its members are not personally liable for any act or omission on the part of the company, unless the
law expressly provides otherwise.
The company being a juristic person, distinct from the members constituting it, can acquire, own, enjoy and alienate property in its own name. As such the property
would be that of the company and no member can make any claim upon it so long as the company is a going concern.
The company being a legal entity can sue and also be sued in its own name.
The continuity of the company and its functioning is not affected by the death, disability or retirement of any its members. The company continues to exist,irrespective of change in its membership. It is commonly referred to as “perpetual succession”