FilenChoosing the Right Business Structure
Before launching your operations, it is critical to pick the appropriate legal entity. Filengro handles incorporation for all major business configurations in India:
1. Private Limited Company (Pvt Ltd)
The most popular corporate structure in India, offering high credibility to investors, banks, and clients. It limits personal liability, permits 100% FDI, and makes equity fundraising seamless. Requires a minimum of 2 directors and 2 shareholders.
2. Limited Liability Partnership (LLP)
An alternative corporate business form that combines the limited liability of a company with the internal flexibility of a traditional partnership. LLPs are governed by the LLP Agreement. It has lower compliance overhead compared to Pvt Ltd companies.
3. One Person Company (OPC)
Enables a single founder to register a limited liability corporate entity. It offers all the benefits of a Pvt Ltd company but avoids the legal need to search for a co-director or partner. Requires 1 nominee director.
Documents Required for Incorporation
To register your company or LLP, you will need to prepare the following digital copies:
- PAN Card of all proposed Directors / Partners
- Identity Proof (Voter ID, Passport, or Driving License of Directors)
- Address Proof (Bank Statement, Mobile Bill, or Electricity Bill of Directors, not older than 2 months)
- Passport Size Photographs of all Directors
- Registered Office Address Proof (Utility Bill + Rent Agreement or Consent Letter from the property owner)
MCA Incorporation Timeline & Milestones
The process is fully electronic and governed by the SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) framework of the MCA:
- Digital Signature Certificates (DSC): We acquire Class 3 Digital Signatures for all directors to authenticate online filings.
- RUN Name Reservation: We draft and submit up to 2 unique name preferences for registrar checks.
- Drafting MOA & AOA: We formulate the Memorandum of Association (main objectives) and Articles of Association (by-laws).
- SPICe+ Submission: We upload all details including Director Identification Numbers (DIN) applications, PAN/TAN orders, and EPFO/ESIC setups.
- Certificate of Incorporation (COI): Upon approval, the Registrar of Companies (RoC) issues the COI, PAN, and TAN codes.
Post-Incorporation Support
Obtaining your certificate is only the first step. New companies must open a corporate bank account, appoint an auditor within 30 days, deposit the share capital, and file a Commencement of Business certificate (Form INC-20A) within 180 days. Filengro provides complete post-incorporation packages to ensure you stay 100% compliant from day one.