Information about all Indian corporations is provided by the Ministry of Corporate Affairs (MCA). Thus, if you have recently started your own company in India, you may need to register with MCA. A portal of the MCA has information on all forms of business, including Limited Liability Companies (LLCs). Visitors can search for information such as a business’s serial number, date of formation, kind of business, fees, and members on this site. The internet is made accessible to the public upon payment of the appropriate charges, including balance sheets, annual reports and other documents regarding the firm.
Now you can find out more about a business in India or a certain company before investing in them by checking their registration with MCA. This blog outlines how to do so. First, let’s discuss what the MCA is.
What is the Role of MCA?
The Master Data of the MCA (Ministry of Corporate Affairs), which helps verify certification status, is available online. In 2006, the Ministry of Corporate Affairs (MCA) digitized India’s business registration procedure and paperwork. Thanks to the internet, finding information about an Indian company is now even easier than before!
For example, to find out about a business, first, you must log in to a search engine (such as Google). Once you’ve found the search engine, you can enter a name or part of a name to search for a business.
Listed Indian companies can use the Master Data provided by the Ministry of Corporate Affairs to gain the following information:
- Corporation Identification Number (CIN)
- Firma’s name
- A Company’s ROC Identification Number
- Information on the Registrar of Companies (ROC)
- Company Types (Limited-by-Shares, Limited-by-Guarantee, and Unlimited-by-Shares Companies)
- Under the firm category (Indian Government Companies/Indian Non-Governmental Companies)
- Company classification (public/private)
- Company’s authorized capital
- Registrable capital of a firm
- Inscription Date
- Availability of contact address
- Listings for email
- Meeting date of the recent annual general meeting
- Accounts are due by the due date
- Overview of the Firm
Alongside other important factors, there are three that shareholders should consider when forming a company:
- Be sure that the details of your new company are not listed on the list of prohibited names;
- Make sure the trademark is registered with the business name;
- Confirm the URL for the Suggested Business Name.
The process of Registering a Company
- The incorporation of a firm can be checked
- Your internet-connected device should be able to open a search engine;
- Click here to visit the Ministry of Corporate Affairs website;
- Now use the MCA (Ministry of Corporate Affairs) services drop-down menu to view the business;
- If the first three letters of your firm’s name are entered in Business Name (Enter at least two or three characters for Firm Name); Click Search.
- The business names listed with the letters that have been filed will be shown. You may copy the corporate identification number (CIN) or go to the Company Firm Name web page;
- Enter the Business Identification Number (CIN) in the column named Business CIN;
- You will need to provide the Business Identification Number (CIN). Enter the numeric code in the box. Finish submitting the form;
- I think that’s it. The screen will provide you with information about the firm’s incorporation.
Fees Listed with the Firm
Usually, “Fee registered on firm” is a warranty deed or claim that a creditor or lender registers on a company’s property as a guarantee that the company will pay off its debt. A company’s fees are incurred when a business or limited liability partnership seeks financing from a bank or other financial institution. This means that MCA can be used to determine if a company has taken out money from a bank or another financial institution.
The fee for the business as a result of the search
- Date of creation or amendment of fee
- Fees
- Charge Holder
- Fee holder’s address
Verification of details regarding company’s members’ authorizations
Use the MCA Link’s search functionality to search for Directors of a business or Members of an LLP.
An internet search can reveal the following information on company executives or LLP members:
- Information about the Director’s ID Number (DIN);
- Company directors or shareholders’ names;
- The appointment of the Directors or the shareholders;
- Board of Directors or stakeholder address;
- A date for the consultation;
- An examination of the validity of digital signatures.
Summary
Legislators in India are trying to simplify corporate law to generate revenue for the country as businesses are major economic contributors. As an Indian citizen, it is important to remain vigilant about post-registration compliance, which is crucial for a business because nonconformity will result in legal action by the authorities. As a result, the marketers should understand the firm’s next moves. It is strongly advised that you seek expert help if you want to decrease the likelihood of non-compliance.
A corporate profile is made available on the MCA (Ministry of Corporate Affairs) website, which is accessible to the general public and corporations. An incorporation’s status can be scrutinized on MCA’s (Ministry of Corporate Affairs) website after companies have registered with the Ministry.
We hope to provide the information and documentation required to form a business under the new Company Law of 2013. Earlier in the year, the Indian government revised the Corporation Act appropriately. The only adjustment required for incorporation is that in today’s technological environment, incorporation should be done through the internet to decrease complexity and save time for everyone. This information can prove valuable when searching for information about MCA businesses in the future.