Manufacturing sector in India is one of the high growth sectors, due to factors like power growth, availability of skilled and unskilled labor, government thrust on manufacturing etc. The Make in India program launched by Prime Minister Narendra Modi also aims to place India as a global manufacturing hub and give global recognition to the Indian economy.
India’s liberated FDI policy for the manufacturing sector coupled with continuous efforts on increasing ease of doing business initiatives make the Indian manufacturing sector prospects brighter in near future. Measures taken by the Government on FDI policy reforms have resulted in increased FDI inflows in the country. FDI Equity inflow in Manufacturing sectors has increased to INR 1,58,332 crore in Financial Year 2021-22 from INR 89,766 crore (FY 2020-21), which is an increase of 76%.
Note 1: In case of foreign directors/subscribers, all the aforesaid documents should be notarized and apostilled or consularized. In case documents are not in english, translated copy in english should be notarized and apostiled or consularized. please read the attestation requirements of documents below in FAQs
Note 2: *Draft will be provided by our team
Note 3: Following additional documents will be required in case the subscriber of the company to be incorporated is another company: â€¢ Copy of resolution passed by the subscriber company; â€¢ Certificate of Incorporation of the Subscriber Company.
The liability of each member or shareholders is limited. It means that if a company faces loss under any circumstances then its shareholders are not liable to sell their own assets for payment. Thus, the personal, individual assets of the shareholders are not at risk
The Company keeps on existing in the eyes of law even in the case of death, insolvency, the bankruptcy of any of its members. This leads to perpetual succession of the company. The life of the company keeps on existing forever.
As a juristic legal person, both the company and its members have separate legal identity that is distinct from each other.
Registering a Company will create goodwill and brand in eyes of public at large as compared to a sole proprietorship
1. Name Approval
The first and the foremost step in Registering a Company in India is reservation of name by filing SPICe+ Part A. The company is required to provide two names in order of preference. The names shall be supported with a rationale and objectives of the company to be pursued upon incorporation.
2. Obtaining DSC and DIN
A Digital Signature Certificate (DSC) is mandatory for all the persons who intends to become a Director or Subscribers of the proposed Company.
Director Identification Number (DIN): it is mandatory for every Director to obtain DIN before being appointed as Director. The SPICE + form provides an option to apply for maximum 3 DIN.
3. Filing of application with ROC
For incorporation of Company an application in Form SPICE+ B is submitted with the Registrar of Companies along with MOA, AOA and AGILE-PRO-S linked web form for obtaining ‘Certificate of Incorporation’
4. Certificate of Incorporation
Obtaining "Certificate of Incorporation" from Registrar of Companies.
At Companies Next we ensure that our clients receive the best services at all times, our team is made up of CAs, Lawyers, CS, IIM graduates, Actuaries, and other auxiliary personnel. Our professionals deliver hassle-free services to any industry using adaptable and personalised solutions. Our current procedure is constantly being improved, and we look for fresh approaches to do the same jobs. We pledge to expedite the completion of every assignment and provide our clients with a smooth experience.
Our Company Registration service include:
DSC of designated partners
Drafting of requisite documents
LLP Registration fees
Certificate of Incorporation
LLP Agreement Drafting