The Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. Retail Industry in India accounts for over 10% of India's gross domestic product (GDP) and around 8% of employment. India is the world’s fifth-largest global destination in the retail space. India ranked 73 in the United Nations Conference on Trade and Development's Business-to-Consumer (B2C) E-commerce Index 2019. India is the world’s fifth-largest global destination in the retail space and ranked 63 in World Bank’s Doing Business 2020.
As the country recovers from the pandemic, the retail industry In India has resumed its growth trajectory and is likely to witness 10 per cent annual growth to reach approximately USD 2 trillion by 2032, driven by socio-demographic and economic factors such as urbanization, income growth and rise in nuclear families. On the other hand, the Indian e-commerce industry is expected to cross the $350 bn mark by 2030, growing at a CAGR of 23%.
Private Limited Company
This is the most common and preferred Company structure in Business . The owners involved have limited liability upto the amount of their contribution and number of shares they own. Though there will be certain limitations on the ownership of the business as it is privately owned.
Public Limited Company
This type of Company structure can raise funds from Public and offers Limited Liability up to the shares it has offered to the general public. It is very diligently regulated and is required to comply with all the applicable provisions periodically without any negligence.
Limited Liability Partnership (LLP)
LLP is governed under the Limited Liability Partnership Act, 2008 read with allied Rules. It is an alternative corporate business form allowing the benefits of limited liability of company and flexibility of partnership. Its partners liability is limited their agreed contribution in LLP, unlike a unregistered partnership.
One Person Company (OPC)
One person company is a kind of private company and incorporated for any lawful purposes by a natural person. It is incorporated with one person only whether residing in India or otherwise, where the legal and financial liabilities are limited to the Company.
Section 8 Company (NGO)
Any person or association of person can register a company under section 8 of the Companies Act, 2013 as a limited company by obtaining a license from Central Government. Such type of Company is dedicated towards the social welfare of the society and the objects of such company shall be promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object
From Directors
From Company
From Subscribers
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: • Copy of resolution passed by the subscriber company; • 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 CompaniesNext 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 Subscribers and Directors
2 DIN
Company Registration fees and stamp duty
Certificate of Incorporation
Company’s PAN and TAN
Company's EPFO and ESIC Registration
Opening of Bank Account
Drafting of Memorandum and Articles of Association
Drafting of requisite declaration(s), consent letters, etc.
Opening of Bank Account
Drafting of Memorandum and Articles of Association
Drafting of requisite declaration(s), consent letters, etc.
