If you're looking to register a company in Jammu And Kashmir, you've come to the right place. Registering a company can seem daunting, but with our expert guidance, the process becomes straightforward. Our team specializes in company registration in Jammu And Kashmir, ensuring that you meet all legal requirements efficiently. We provide a comprehensive service, helping you with the necessary documents, fees, and online procedures. With our assistance, you can establish your business in the thriving Jammu And Kashmir market with confidence. Don't let the complexities of company registration hold you back – let us handle the details while you focus on building your business. Register a company in Jammu And Kashmir with ease today!

Eligibility and Requirements For
Company Registration in Jammu And Kashmir

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Minimum 2 Shareholders

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Minimum 2 Directors with atleast one Indian Resident

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Minimum Authorised Share Capital Re.1

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DSC for 2 Promoters

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Director Identification Number (DIN) for all directors

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DSC (Digital Signature Certificate) for director and shareholder

Benefits/Advantages of
Company Registration in Jammu And Kashmir

A private limited company (pvt ltd company) is the most popular business structure for entities looking to operate profitably and take advantage of incorporated entity benefits, limited liability. Pvt ltd company additionally provide limited liability and minimal legislative compliances, in addition to the benefits listed below:

Seperate Legal Entity

An entity is something that has a separate existence and an actual existence. A company is a juristic person and a legal entity created under the Act. A person who is not a natural person or a human being is known as a juristic person. As a result, a corporate form of organization has extensive legal authority and can both own property and incur debt. The shareholders and directors of a company are not responsible to the company's creditors for such debts. A private limited company is therefore a legal entity distinct from its members.

Limited Liability

The legal status of having a restricted amount of legal responsibility for a company's debts is known as limited liability. In a limited liability company, the members' liability for the obligations of the company is restricted, in comparison to proprietorships and partnerships. In other words, the responsibility of a company's members is only to the extent of the face value of the shares they have acquired. Because of this, when a company is limited by shares, the members' liability upon a winding-up is restricted to the amount unpaid on their shares.

Brand image

Compared to operating a business as a sole proprietor, registering a Private Limited company in Jammu And Kashmir offers business a brand image. Large businesses typically prefer to work with companies over single proprietorships. There may be a requirement for a contract or a tender that can only be applied by the company.

Borrowing Capacity

A company has better options for borrowing money. It can accept public deposits, issue secured and unsecured debentures, and more. Even banks and other financial institutions favor giving substantial financial support to companies rather than to partnership firms or proprietary enterprises.

Dual Relationship

A corporation may enter into a binding contract with any one of its members under the company form of organization. It is also feasible for someone to work for a company while also controlling it. As a result, a person may occupy the positions of shareholder, creditor, director, and employee at the same time.

Free & Easy transferability of shares

A shareholder may transfer their shares of a corporation limited by shares to anyone else. The transfer is easy as compared to the transfer of interest in business run as a proprietary concern or a partnership. It is simple to transfer shares by completing a share transfer form, signing it, and giving the share certificate to the buyer.

Required
Company Registration Documents in Jammu And Kashmir

The following company registration documents in Jammu And Kashmir are required for a private limited company registration in Jammu And Kashmir:

For each Directors and Shareholders:

➊ Passport Size Photograph

➋ PAN Card *

➌ Aadhar Card *

➍ Voter ID/ Passport/ Driving License *

➎ Telephone /Electricity Bill/ Bank A/c Statement (Not older than 2 Months) *

Additional Requirements For Foreign Nationals :

➊ Passport *

➋ Proof of Address *

➌ Documents should be notarized or consularized or apostilled

For Address Proof of new company:

➊ Telephone /Electricity Bill/(Not older than 2 Months) *

➋ Tittle/Sale - Owned Property

➌ Rent Agreement - Rented Property

➍ NOC - Rented Property

* Self-attested

Steps for
Company Registration Process in Jammu And Kashmir

Step 1: Name Approval Step 2: Obtain DSC (Digital Signature) Step 3: Apply for DIN (Director Identification Number) Step 4: Documents Preparations and Filling of Forms Step 5: Getting Incorporation Certificate with PAN and TAN Step 6: Opening Bank Account

Name Approval

A crucial step in the incorporation of company in Jammu And Kashmir and company registration process in Jammu And Kashmir is name approval. Two suggested names, the goal or purpose of the business activity are submitted to MCA in that order of priority along with prescribed company registration fees in Jammu And Kashmir. Punctuation should be avoided in the suggested name, and it should be unique. Resubmission is required if MCA has any observations, which slows down the entire process. All remaining processes must be finished within 20 days of the name being granted (this includes weekends and other holidays).

Obtain DSC (Digital Signature)

In order to register a company in Jammu And Kashmir and to complete company registration online in Jammu And Kashmir, digital signatures are used as online signatures for uploading documents. All shareholders and directors must possess a Digital Signature Certificate (DSC) in order to register private limited company. As there is no DSC requirement in the name application, it may be submitted concurrently with the name approval application. This step can be bypassed if the director or shareholder of the private limited company registration in Jammu And Kashmir already has DSC.

Apply for DIN (Director Identification Number)

A director's DIN serves as an identification number. Anyone who wishes to serve as a director in a company must obtain it. One DIN is sufficient to serve as a director for any number of companies. If wants to become director in Existing company DIN can be applied by filing DIR-3 with basic details along with identity proof like PAN, Aadhar Card etc. In case of New Company, DIN can be applied within SPICe+ form. DINs are granted to proposed directors who do not already have DIN with the submission of SPICe+. A maximum of three directors can apply for DIN using this SPICe+ (INC 32) filing process. If there are more than three directors of the company that does not have DIN, the applicant must first incorporate the company in Jammu And Kashmir with only three directors, and then after incorporation, new directors must be appointed.

Documents Preparations and Filling of Forms

The following stage is to file forms with MCA, including Spice + Part, Agile Pro, Spice MOA, Spice AOA, and INC 22 forms, after obtaining DSC and name approval. These documents include details about the formation of a private limited company in Jammu And Kashmir, including the registered office, approved, paid-up capital, shareholding structure, directors, and shareholder details such address and educational background. Some of this information must be backed up by supporting documentation, such as the PAN card, the lease or title deed to the registered office, etc.

Getting Incorporation Certificate with PAN and TAN

Within 7 to 12 days of completing all the required paperwork and having them confirmed by the Registrar of Companies (ROC), you will obtain a Certificate of Incorporation. The procedure of registering your company in Jammu And Kashmir comes to an end with this certificate of incorporation, which will serve as a birth certificate. Name, registered address, and a 21-digit alpha-numeric Corporate Identity Number (CIN) recognized by the MCA and published on the registered companies will all be included in the certificate of incorporation along with PAN and Tan Number

Opening Bank Account

To register a private limited company in Jammu And Kashmir, you must first obtain an incorporation certificate before opening a bank account in your firm's name. A certificate of incorporation, a MOA, an AOA, and any other documentation the bank requires must be submitted. The intended paid-up capital must be deposited with the bank before the start of operation, and Form INC-20A with MCA must be filed to get the certificate of commencement.

Frequently Asked Questions

Can the private company in Jammu And Kashmir be incorporated with a residential address?

Yes. For incorporation, the company must provide address proof. However, a residential address may be used as the company's registered address under the Ministry of Corporate Affairs' (MCA) guidelines

What are the prerequisites to incorporate a Private Limited Company in Jammu And Kashmir?

The prerequisites for the incorporation of a private limited company in Jammu And Kashmir are:
• The number of members must be between 2-200.
• There must be at least two directors and two shareholders
• Each director must have a Directors Identification Number (DIN)
• PAN card copy of directors/shareholders and Passport copy for NRI subscribers.

What is MOA and AOA?

Section 2(56) of the Companies Act 2013 defines the Memorandum of Association (MOA). The company is built on it as its foundation. It outlines the company's objectives, powers, and constitution.
Section 2(5) of the Companies Act defines the Articles of Association (AOA). It includes a list of all policies and procedures related to company management.

How much time is required for new Private Limited Company Registration in Jammu And Kashmir?

Normally, it take 1-2 weeks time for Company registration in Jammu And Kashmir provided all documents are supplied on time.

How are PAN and TAN communicated to the user once SPICe INC 32 is accepted?

The Certificate of Incorporation (COI) will be issued with a valid PAN and TAN as assigned by the Income Tax department on acceptance of the SPICe forms. The applicant will receive an email containing the COI, PAN, and TAN attached to it. Since a laminated card is no longer required for PAN, the PAN and TAN in the email will be recognised as valid.

What is Authorized Capital?

The Authorized Capital is the maximum amount of capital that a company is authorized to issue to the shareholders.

What is Paid-up Capital?

Portion of authorized capital that has been issued and paid by shareholders.

Disclaimer:

The content offered herein is intended strictly for informational purposes. Your access to or utilization of the site or its materials does not establish an attorney-client relationship. The details and content presented on this site are not to be construed as legal or professional advice, and should not be used as a replacement for seeking legal counsel from a duly licensed attorney in your jurisdiction.

Company Registration in Jammu And Kashmir

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Eligibility and Requirements ForCompany Registration in Jammu And Kashmir

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