A real estate company in India is a promising venture. The industry has immense potential, driven by urbanization and economic growth. However, registration of your company is the most important first step. A well-registered business builds trust and meets legal requirements. Here is a simple guide to help you register a real estate company in India.
Understand the Legal Structure
First, choose a legal structure for your business. You can register as a sole proprietorship, partnership, or company. Most prefer a private limited company for its professional image and limited liability. Your choice depends on your business goals and scalability plans.
Why Register Your Business?
It gives your company legal recognition. It also builds credibility for your company with clients, investors, and financial institutions. Moreover, it protects you from legal complications. If you intend to operate in more than one state, then registration ensures easy operations.
How to Register a Real Estate Company
- Select a Unique Name
Your company name must be unique and should not conflict with the Ministry of Corporate Affairs (MCA) rules. Perform a name search to ensure that the name is not already in use.
- Obtain a Digital Signature Certificate (DSC)
A DSC is required for online filing of forms with the MCA. The directors and authorized signatories must obtain their DSCs.
- Obtain a Director Identification Number (DIN)
Every director must have a DIN. You can apply for the same through the MCA portal.
- Prepare your Memorandum and Articles of Association
The Memorandum of Association outlines what your company seeks to do. The Articles of Association define internal rules of functioning. They form a constituent for the company incorporation process.
- Apply for Incorporation
Filing Incorporation Form or SPICe+ form with MCA portal by annexing a document like PAN number, an ID proof and the address proof document, letter with the company name approval; complete the entire incorporation process paying prescribed fees.
Acquire PAN and TAN
Obtain Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) from the Income Tax Department. These are tax compliance requirements.
Register for GST
You are required to register for GST if your turnover crosses the GST threshold. This is important for issuing invoices and availing input tax credits.
Comply with RERA
The Real Estate (Regulation and Development) Act, 2016 mandates all real estate developers to register under RERA. This ensures transparency and protects buyer interests.
Legal and Financial Compliance
Post-registration, ensure regular compliance with laws and regulations. File annual returns, maintain financial records, and adhere to tax obligations. Staying compliant avoids penalties and builds a trustworthy image.
Why Choose Saptax Hub for Registration?
Company registration is a multi-step procedure. It’s time-consuming and confusing. Saptax Hub makes company registration consultant in Delhi simple. Our experts will take care of everything-from name approval to GST registration.
You get:
- Expert guidance on the choice of right legal structure
- Seamless preparation and submission of documents
- Quick and hassle-free RERA compliance
- End-to-end support for financial and tax-related matters.
As the best CA firm in Delhi, make your registration process easy and smooth. You can enjoy doing business without any worries; we take care of all legalities, since you partner with Saptax Hub.
Benefits of Registered Company in Real Estate
The many benefits that companies enjoy due to registration are several. Firstly, it helps one project a professional image before the client. Second, it offers chances of funding and investment. Lastly, it offers an opportunity for one to get into contracts and agreements.
Moreover, compliance with RERA builds buyer trust. It ensures you follow fair practices, giving you a competitive edge.
Common Mistakes to Avoid
Many entrepreneurs overlook the importance of proper documentation. Ensure all forms are correctly filled and submitted. Another common mistake is ignoring tax compliance. Late or incorrect filings can lead to penalties.
Choosing the wrong legal structure can also impact your business. Evaluate your goals and consult experts before deciding.
Building the Right Foundation for Business Growth
A registered company forms the foundation of a successful business. It displays professionalism and legality. It further gives a structured framework for the operations and growth.
Saptax Hub simplifies and expedites the process. Our team is there to help you achieve your objectives. From the very first step till the final approval, we will be with you every step of the way.
Conclusion
This strategic move of registration will set a business up to win in an otherwise competitive business line. While being compliant with laws, a real estate company can focus more on delivering value to its clients.If you want to begin the journey, come to Saptax Hub and we will ensure that the whole process of getting your business registered becomes effortless and smooth.Contact us today and start. Saptax Hub for your path to success
