WHAT IS COMPANY REGISTRATION / INCORPORATION?
Incorporation is the formation of a new corporation/ company (a corporation being a legal entity that is effectively recognized as a person under the law). The corporation may be a business, a non-profit organization, a startup, a micro small or medium scale business.MCA regulates corporate affairs in India through the Companies Act, 1956, 2013 and other allied Acts, Bills and Rules. MCA also protects investors and offers many important services to stakeholders. The Ministry is primarily concerned with administration of the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act, 2008 & other allied Acts and rules & regulations framed there-under mainly for regulating the functioning of the corporate sector in accordance with law.
BENEFITS OF COMPANY REGISTRATION / INCORPORATION
Here are the Benefits of Company Registration in India:
- Legal Identity/Recognition to the business
- Numerous Tax Benefits
- Get investment/ funding for your Business.
- Your Liability as an individual is limited
- Enhanced Brand Image and Improved Trust Factor
Our Recommendation: Types of Company Incorporation Procedure
