What’s Included?
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Mumbai, the pulsating heart of India's economy, stands as the bustling metropolis on the western coast. Acknowledged as the financial capital, it houses key institutions like the Bombay Stock Exchange and the Reserve Bank of India, contributing significantly to the nation's economic landscape.
Mumbai's skyline is characterized by a blend of historic landmarks and modern skyscrapers, housing the headquarters of numerous Indian and multinational corporations like ICICI Bank, Accenture, Deloitte, etc.
During this financial year, Mumbai experienced a notable surge in the registration of companies across a myriad of sectors. The diverse landscape of registered businesses ranged from technology-driven enterprises and financial institutions to manufacturing entities.
The city displayed a flourishing startup ecosystem, with more than 24,000 businesses actively contributing to its already expanding economy.
*Data till October, 2023
In Mumbai, you can register companies based on your business requirements and structure preferences. Here are some common types:
The MCA serves as a regulatory authority tasked with overseeing corporate affairs and governance.
It holds a pivotal position in monitoring the operations of corporate entities and verifying adherence to statutory obligations.
Additionally, individuals can leverage the official website of the MCA to obtain crucial reports and avail themselves of various services across different domains by registering through the portal.
The Ministry of MSME is a government body in India dedicated to fostering the growth and support of micro, small, and medium-sized enterprises (MSMEs) throughout the nation.
Although not obligatory, seeking MSME/Udyam registration allows you to leverage a range of benefits, including tax advantages, simplified business establishment procedures, access to credit facilities, and eligibility for diverse financial incentives and loans.
Udyam registration is a valuable step for MSMEs in India, offering official recognition and facilitating access to several government schemes and support mechanisms.
If your business operates in manufacturing, service industries, or wholesale and retail trade, you have the opportunity to apply for MSME registration, provided you meet the eligibility criteria based on annual turnover and investment.
The Registrar of Companies (RoC), operating within the framework of the Ministry of Corporate Affairs (MCA), holds a regulatory role, including responsibilities such as approving the registration of new companies and limited liability partnerships (LLPs) in India.
Its crucial function lies in overseeing the compliance of incorporated entities, which includes, but is not limited to, processes like appointing and resigning directors, appointing auditors and company secretaries, and fulfilling obligations such as filing annual returns, submitting annual financial statements, and adhering to post-incorporation compliances.
Maharashtra has two RoCs, one in Mumbai and the other one in Pune. The current details of RoC (as of November 2023) for the Mumbai Region:
ROC- Mumbai
Email- roc.mumbai@mca.gov.in
Address- Registrar Of Companies, 100, Everest, Marine Drive,Mumbai- 400002, Maharashtra
RoF is the authority responsible for overseeing the registration and regulation of Partnership Firms. In India, partnership firms are governed by the Indian Partnership Act, and the Registrar of Firms plays a vital role in managing the registration process and maintaining the records of registered partnerships.
In India, the RoF operates at the state level, and therefore, Maharashtra (Mumbai) has its own RoF responsible for partnership registrations within that jurisdiction.
The current details of RoF (as of November 2023) for the Mumbai Region:
Registrar of Firms, Maharashtra State, Mumbai
New Administrative Building, 6th Floor, Near Chetna College, Govt. Colony, Bandra (East), Mumbai- 400 051
Ph No. 022-26551149 & 022-20860591
Depending on the nature of the business, the Maharashtra Government may be involved in granting licenses and permits necessary for specific activities. This includes coordination with local authorities for trade licenses and Professional Tax registration for businesses.
The state government collaborates with other regulatory authorities in formulating and implementing industrial policies that impact the registration and growth of businesses.
A regulatory body responsible for managing the tax-related aspects of enterprises, including the issuance of Permanent Account Number (PAN) and ensuring adherence to income tax regulations.
The Mumbai Region has 11 territorial Chief Commissioners of Income Tax, 2 Chief Commissioners of Income Tax (Central), one Chief Commissioner of Income Tax (TDS), one Chief Commissioner of Income Tax (IT & TP) and one Director General of Income Tax (Investigation).
For businesses operating in sectors like insurance, financial services, broadcasting, and defense-related services, you must obtain additional approvals and clearances from certain regulatory bodies such as the Reserve Bank of India (RBI), Insurance Regulatory and Development Authority of India (IRDAI), Securities and Exchange Board of India (SEBI), Ministry of Defence, etc. This Is often necessary for lawful and secure operations.
The process of registering a company in Mumbai involves several stages, and it is crucial to adhere to the legal requirements set forth by the Ministry of Corporate Affairs (MCA).
The Registration Process in Mumbai is as follows:
The procedures might differ for various types of companies, and additional steps may be necessary depending on the characteristics and the industry your business operates in.
The essential documentation for the registration process typically includes:
For detailed information on specific documents required for various company registrations, refer to respective pages and procedural steps.
Before proceeding with company registration, it is recommended to conduct a comprehensive search to ensure compliance with MCA guidelines for your chosen name and mark.
Subsequently, the next step, the Trademark Registration process, grants exclusive rights and establishes a unique identity. This involves selecting a distinctive trademark, categorizing it appropriately, and submitting an application to the Trademark Registry with the required documentation.
Tap into our free instant search feature for Company Names, Trademarks, Domain Names, and Social Media Handles linked to your business name. Dive into a curated hub for accurate data directly sourced from the Trademark Database, MCA Database, and more – all at your fingertips!
Searching for a company name?
Check company name availability using our powerful name search tool.
Explore details like Company Identification Number (CIN), Allocation status, Incorporation date, and the current state of an existing company, empowering you with comprehensive information for well-informed decisions.
GST, known as Goods and Services Tax, is a value-added tax levied on the consumption of goods and services in India. It is compulsory if your business is engaged in buying, selling, or providing services once the turnover crosses the specified threshold.
Obtaining GST Registration is mandatory when the business turnover exceeds Rs. 40 Lakhs (for goods) and Rs. 20 Lakhs (for services). However, there are certain businesses for which registration is compulsory, even if their turnover is within the pre-defined threshold. Registration under GST is mandatory for all e-commerce operators irrespective of the sales turnover.
The overall registration process outlines:
Once registered, issue GST-compliant invoices for the taxable supplies, comply with regular GST return filing obligations, including GSTR-1, GSTR-3B, and others, depending on the nature of the business. You can also claim an Input Tax Credit on the GST paid on the purchases related to the business.
It is crucial to adhere to the rules and guidelines set by the government under the GST framework to avoid facing penalty charges.
Choose Razorpay Rize for a seamless and online company registration experience, with no hidden charges.
Our package includes:
*Prices and documents can differ based on the company type.
Company Registration in Mumbai offers numerous benefits:
The registration process usually spans 10-15 days, although the duration may fluctuate depending on document submission and government processing.
The cost associated with registering a company in Mumbai may differ based on factors like the company type, authorized capital, professional fees, and other incidental costs. For an estimated cost, you can refer to the respective types on our website.
Simplify your company registration with Razorpay Rize:
To verify the status of your company registration application, follow these general steps:
In the case of a Partnership Firm, access the Registrar of Firms records via their official website.
Here's a breakdown of some common post-registration compliances:
Certain industries have unique compliance requirements. For example, pharmaceutical companies may need to adhere to health and safety regulations or environmental standards.
With company registration, you have the freedom to operate throughout India without any inherent limitations. However, it's important to note that compliance with local regulations is essential, and you may need additional licenses and approvals from relevant authorities in different states to ensure legal adherence.
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