Registering a company in Pune has several steps to be followed. It requires the submission of a few mandatory documents and thereafter submitting the required forms to the MCA. The RoC verifies the documents and if there are no discrepancies, issues the Certificate of Incorporation.
Pune, which is one of the biggest metropolitan cities in India, is the new Mumbai. Known as the ‘Oxford of the East, Pune is the hub for several industries like IT, automobile and manufacturing and other service sectors.
With that little background given and considering the high per capita income of the city, it can be easily deduced that Pune is a great ground for entrepreneurs to kickstart their start-ups and new business ventures. For this reason, a number of company registration transpire on a day-to-day basis in Pune. While there are various types of corporate entities, Private limited companies are the most commonly registered ones.
Section 2(71) of the Companies Act 2013 defines a Public Limited Company Registration in Pune as
A business that is not a private firm.
A firm with a paid-up share capital of at least INR 5 lakhs.
Documents Required for the Registration of a Company in Pune:
Documents to be submitted by the Directors/Partners:
- Proof of identity such as Voter’s ID, Aadhar Card, Driving License, PAN card etc is to be submitted
- Passport size photos and specimen signature
- Proof of address such as telephone bills, electricity bills and monthly bank statements that are not more than two months old from the date of submission.
Documents to Be Submitted as Proof of the Registered Office:
- In the case of rental property, the rental agreement and NOC from the owner has to be submitted
- If the registered office is situated on its own property, the property deed has to be furnished
- Proof of address such as electricity bills, telephone bills and bank statements are to be enclosed.
Since the registrations now take place online through the MCA website, the mentioned documents are required to be scanned and uploaded.
Eligibility for Private Limited Company Registration in Pune
Registering a company in Pune has become seamless with online and paperless processes. Once your business idea takes shape and you’re ready to take the plunge, here are the eligibility criteria:
– At least 2 directors and a maximum of 15 directors are permitted. One director must be a permanent resident of India. (Pro Tip: A director can also be a shareholder).
– A private company should have a minimum of 2 shareholders, with a cap of 200 shareholders.
– A registered office address in Pune is mandatory.
– An authorized capital of INR 1,00,000 is essential.
– All directors must obtain a Director Identification Number (DIN).
– Digital Signature Certificate (DSC) of all directors and shareholders is required.
Process for Company Registration in Pune
The Ministry of Corporate Affairs (MCA) oversees company registration in India, with each state having a Registrar of Company (ROC). Here’s a step-by-step breakdown of the pvt ltd company registration process:
- Apply for Digital Signature Certificate (DSC) for directors and shareholders.
- Apply for Name Reservation using SPICe+ Part A.
- Draft and fill web forms – SPICe+ Part B, Agile Pro, SPICe+AOA, SPICe+MOA.
- Pay the company registration form fees and stamp duty online through the MCA portal.
- The ROC issues the Certificate of Incorporation (COI) after meticulous verification.
Note that within 30 days of company registration, a bank account in the company’s name must be opened to deposit the paid-up capital collected from shareholders.
Government Fees
When registering a company, two types of government fees are involved. The first is a stamp duty based on authorized share capital and the state of company registration. The second is MCA form filing fees based on authorized capital. In Pune, government fees start from INR 1300 for a company with a minimum authorized share capital of INR 1,00,000. If you wish to reserve a specific name for your company, INR 1,000 is applicable for each name reservation form filing.
Subsidiary Company Registration in Pune
Foreign Direct Investments (FDI) play a pivotal role in India’s economic growth. The Indian government allows NRIs and foreign nationals to invest through 100% FDI, fostering MNCs’ offshore offices in Pune. Registering a subsidiary in Pune brings advantages like strategic control over operations, limited liability of investors, and a resource-rich environment. NRIs and foreign nationals can follow the same process for subsidiary private limited company registration as mentioned earlier.
Steps for Registering a Company in Pune
Step1: Name of the Company
The name of the company has to be selected. The names have to be submitted in order of preference to the MCA (Ministry of Corporate Affairs). The name should be unique and should not have any similarity to the names of the existing companies or trademarks. The availability of the name can be checked against the RUN (Reserve Unique Name) web service of the MCA.
Step 2: Digital Signature Certificate
An application for the Digital Signature Certificate (DSC) is to be made. All the directors and shareholders must hold a valid DSC. As all the forms have to be signed digitally in the MCA portal a DSC is of utmost importance.
Step 3: Filing of Forms
The forms required for the registration have to be duly filled. The Forms SPICe+ (Simplified Proforma for Incorporating a Company Electronically), MOA (Memorandum of Association), AoA (Articles of Association) etc are to be filed through the MCA portal.
Step 4: Certificate of Incorporation
The forms thus submitted are verified by the RoC (Registrar of Companies) and the Certificate of Incorporation is issued. The certificate of incorporation mentions the name of the company, the registered address, and the CIN (Corporate Identity Number). The PAN (Permanent Account Number) and TAN (Tax Deduction Number) are also issued while issuing the certificate of incorporation.
Step 5: Bank Account
Once the Certificate of Incorporation is obtained, a bank account has to be initiated to carry out the financial transactions of the company. The bank would verify the Certificate of Incorporation, MoA, AoA, and other necessary details before initiating the account. The total paid-up capital has to be deposited in the bank before the commencement of the business, similar to the financial setup required when you register a company.
The RoC of Pune handles the registration process of the companies and has jurisdiction over the districts of Ahmednagar, Kolhapur, Pune, Ratnagiri, Sangli, Satara, Sindhudurg, Sholapur. Moreover, the remaining districts are administered by the RoC of Mumbai. Further, the cost of registration of a company in Pune would be around ₹6500/ and would take 7-8 working days to complete the process.
FAQs
What Is the Authorized Share Capital of a Private Limited Company?
The authorized share capital represents the maximum amount of capital a company can raise through the issuance of shares. It is mentioned during company registration and can be increased later if needed.
How Long Does It Take to Register a Company in Pune?
The duration for registering a company in Pune varies based on factors like processing time, document verification, and response from authorities. Generally, it takes around 15 to 30 days.
Who Is Eligible for Startup?
Startups are defined under the Startup India initiative. To be eligible, your business must be incorporated as a private limited company or a partnership. It should have an annual turnover under a specified amount of 25 crores.
