Section 8 Company Registration Online

TaxFillingIndia allows for online company registration in India. The most popular form of legal entity, favoured by millions of Indian entrepreneurs and well-known firms like Flipkart, PhonePe, and Swiggy, is the private limited company. 

What is a Private Limited Company?

One of the most typical types of legal entities in India is a Private Limited Company (PLC). Private limited companies are governed by the Companies Act of 2013, which stipulates that they must have a minimum of two directors and two shareholders, one of whom must be an Indian citizen and resident.

To register a company in India, the following are minimum requirements

  • 2 Directors – 1 Person should be an Indian National and Indian Resident
  • 2 Shareholders – The Directors can be shareholders
  • Registered Office in India

In India, 100% foreign direct ownership (FDI) is allowed in the majority of industries, and there are no restrictions on foreign ownership of private limited companies' shares. Because of this, the majority of overseas subsidiaries are founded in India as private limited companies.

Documents Required for Company Registration

The proposed directors of a private limited company must present the following documents as proof of identification in order to register a company:

Indian Nationals: PAN card mandatory

Foreign Nationals: Passport is mandatory

In addition to the above document, the Directors must submit one of the following documents that contain the address of the Director.

Indian Nationals: Passport / Driver’s License / Election ID / Ration Card / Aadhar ID

Foreign Nationals: Drivers License / Bank Statement / Residence Card

Finally, as proof of residency, the prospective Directors must produce one of the following documents. This document must have been generated within the last two months:

Indian Nationals: Bank Statement / Electricity Bill / Phone Bill

Foreign Nationals: Bank Statement / Electricity Bill / Phone Bill

If one of the company's shareholders is a company based in India or abroad, the following documents must be submitted:

  • Board resolution authorizing investment in the company
  • Incorporation Certificate of the Company
  • Address proof of the company

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