For Maharashtra company registration, it is essential to get the incorporation correct the first time. This is because it may take weeks to amend errors noticed by the Registrar. The complete process works through the Ministry of Corporate Affairs, and the business gets registered under the Companies Act, 2013.
What Does Company Registration in Maharashtra Mean?
Incorporating a business in Maharashtra involves the MCA’s national portal, there is no “Maharashtra process”. The MCA determines which of the Registrar offices will be responsible for your application, as Maharashtra has three RoCs named RoC Mumbai-I, RoC Mumbai-II and RoC Nagpur. Once incorporated, you receive a CIN, PAN and TAN, and a company that exists separately from you.
Why Should You Register a Company in Maharashtra?
Many businesses operate as Proprietorships for years, and this is completely valid. However failure to incorporate has several disadvantages:
Your personal assets are liable to settle company debts until you incorporate as a limited liability company
Banks, landlords and bigger clients may refuse to deal with you without a CIN
Most state benefits under Maharashtra's industrial policy require you to have a registered entity
Fundraising and government tenders are normally only available to incorporated bodies.
Which Structure Fits Your Business in Maharashtra?
This is one of those choices that businesses struggle the most with, and it is advisable to make this decision early:
If you intend to raise capital or sell shares in the future, a Private Limited Company would be appropriate.
If you are a single founder seeking limited liability without co-founder, an OPC would fit
If your practice requires less compliance but more ease of fundraising, consider Limited Liability Partnership
If the purpose of your company does not involve distributing profits, a Section 8 company could be right for you
Who Is Eligible To Register a Company in Maharashtra?
The requirements are deliberately low, but here are a few of those:
Any adult (Indian or foreign national) can become a director, but at least one must be an Indian resident
A private limited company requires at least 2 directors and shareholders, while an OPC only need 1 each
Every director must have a PAN or passport, and a Digital Signature Certificate
Your registered office must have an address in Maharashtra, a rented commercial space is acceptable.
Building a tech or product business? Check whether you are eligible for Startup India Registration too.
What Documents Should We Have Ready For New Company Registration in Maharashtra?
Failure to provide any one of these documents is the biggest reason applications get stuck in Maharashtra:
PAN and Aadhaar of all directors and shareholders
Recent address proof and photo of all directors
Rent agreement/ proof of ownership and owner NOC for the registered office
Digital Signature Certificate of all directors
Draft Memorandum of Association (MOA) and Articles of Association (AOA) of the company
How Does the Company Registration Process in Maharashtra Work?
As everything is done through the MCA portal, online company registration in Maharashtra is how the process works:
Step 1: The first step is to get the DSC, as nothing moves without it
Step 2: Apply for a name using SPICe+ Part A, you can propose a maximum of 2 names
Step 3: Submit SPICe+ Part B, issue PAN, TAN, and optionally GST/ EPFO
Step 4: Upload your MOA, AOA and declarations along with the above documents
Step 5: Pay the government fees and stamp duty on MOA and AOA
Step 6: The RoC having jurisdiction over your area will examine the application
Step 7: Wait for the certificate, once received you get CIN, PAN and TAN.
What Are The Company Registration Fees in Maharashtra?
Costs vary depending on your authorized capital and choice of self-filing or professional help. MCA filing fees for companies with authorized capital up to INR 15 lakhs is Nil, you need to pay stamp duty on the MOA and AOA that differ. Companyregister.co.in consultants keep you updated with the latest fees.
Particulars | Fees |
|---|---|
Professional Fees | INR 1,499 onwards |
Digital Signature Certificate (DSC) & Director Identification Number (DIN) | INR 2,500 |
Timeline
For a company in Maharashtra, the DSC may take 1 to 2 working days, name approval may take up to 2 working days if there are no conflicts, while the complete incorporation may be completed in 10 to 15 days.
Why Work with Companyregister.co.in for Business Registration in Maharashtra?
One incorrect document or a misplaced filing with a different Registrar can set back your incorporation by 10 days and even more if any of Maharashtra's ROC jurisdiction has changed. At Companyregister.co.in, we make sure which RoC (Mumbai-I, Mumbai-II or Nagpur) your registered office falls under and we keep all your documentation in order with regular updates.