What is the legal procedure to register a construction company in India?

In this article we will talk about the registration procedure of a Construction company in India

Construction companies can register as the following

Partnership FirmLimited liability Partnership firmPrivate CompanyPublic Limited companyProprietorship Firm

Procedure for registering a Construction Company

Name of the Firm 

The first thing is to decide the name of the company.  If it is a Private Company, the name of the firm can be XYZ private Lmt. If it is a Public Company, the name of the firm can be XYZ Lmt.

Objects  of the Company 

  The memorandum of associations of Company contains the main objects of the company  that are required while pursuing the activities of the company, the main object of the company should include the construction & infrastructure activities.

Preparing the documents the required for the registration of the construction Company –Following documents are requiredPan cardAadhar CardBank statementsAddress Proof (electricity bill can work, property agreement or rent agreement)Rent agreement if the office is on rentMobile Number and E-mail IDNOC from the ownerHire a CA or professional for the registration process

Find a Company secretary who will assist you in the registration process. The Company incorporation documents are to be tested by Company Secretary, Charted Accountant or Cost Accountant in practice.

Opening a Bank Account for your Construction Company

As per MCA (ministry of corporate affairs) having a bank account is mandatory during the time of incorporation. So you need to choose the bank in which you want to open a Current Account for your Construction Company.

Submission of Incorporation application

Once you are done with all the formalities, you are required to apply for incorporation of a Construction Company. If you have hired a CS or CA, they will process with the incorporation form.

Registration Certificate

Once you complete all the legal formalities, you will receive a Registration Certificate of your construction company. This completes the registration process & your company is now registered.