It is the official website of India’s Ministry of Corporate Affairs where information about Indian corporations is posted. Therefore, if you have started your own company in India recently, you might need to register with MCA. Including Limited Liability Companies (LLCs), MCA’s online portal contains information on all types of businesses. A user can search the site for information related to a business license such as the serial number, date of formation, type of business, fees, membership, etc. By paying the relevant charges, balance sheets, annual reports and other documents related to the firm are available on the Internet.
In India, you can now verify a company’s registration with the MCA if you want to obtain information about a particular business or if you want to gain more insight into a company before partnering with them. We are going to explain how to do so in this blog. However, let’s first understand what the MCA is all about.
MCA: Its Role
The Ministry of Corporate Affairs provides Master Data, which helps certify the status of a business. India digitized most of its business registration and paperwork in 2006 when the MCA project (Ministry of Corporate Affairs) was introduced by the Indian government. Nowadays, thanks to the internet, finding out what a company is registered as is very easy.
Usually, you can find out about a business by logging into a search engine (e.g., Google). The search engine is available from any browser, so you can enter a business’s full or partial name into the address bar to see if it’s listed.
With the MCA (Ministry of Corporate Affairs) Master Data you can obtain the following information about an Indian listed company:
- The Corporation Identification Number (CIN)
- Company Name
- The ROC identification number refers to the Registrar of Companies (ROC)
- Information about Company Registrars (ROC)
- Listed companies (Limited-by-shares, Limited-by-Guarantee, and Unlimited-by-Shares companies)
- A sub-Category of Company (Indian Government Company/Indian Non-Governmental Company)
- Identifying the public or private nature of a firm
- Firm’s authorized capital
- The registered capital of the firm
- Registrant’s Date
- Contact Address Status
- Listing by email
- Date of the last annual general meeting
- Date by which the balance sheet is due
- Firm Status
In addition to other important factors, shareholders should consider the following three during the company registration online:-
- Please verify that the details of your new company are not on the list of names that are prohibited;
- Verify the trademark of the registered business name;
- Check the URL of the Suggested Business Name.
The steps involved in registering a company
Checking the Incorporation Status of a Firm
- From a device connected to the internet, open a search engine;
- Visit MCA’s website;
- Select View Business from the drop-down menu under the MCA (Ministry of Corporate Affairs) services tab;
- Type the first three letters of the firm name in – Business Name (Enter at least two or three characters for Firm Name); Click the Search button.
- Along with the letters filed, a list of business names will be presented. Simply copy the Corporate Identification Number (CIN) or click on the desired Company Firm Name page;
- Put the Corporate Identification Number (CIN) in the Business CIN column if you know it;
- You must enter the company’s Corporate Identification Number (CIN). Type in the numeric code. Complete the application;
- That’s all. You will see the firm’s incorporation details on the screen.
Fees Submitted to The Firm
Obtaining a “Fee registered on Firm” is similar to getting a warranty deed or claim from a creditor or lender on the business’s property. In most cases, a company pays fees when it obtains a bank loan or financial assistance from a bank. MCA’s functionality can therefore be utilized to determine whether a company has taken out loans from banks or other financial institutions.
Fees for the Search-Resultant Business
- Created or amended fees
- Amount of fee
- Holder of the fee
- Address of fee holder
Company’s Authorization Details Verification
If you want to check the directors of an LLP or the members of it, use the MCA Link’s Authorization Details search function.
There are three types of information on company executives or LLP members you can find on the internet:
- Describes the Director’s Identification Number (DIN);
- The names of the directors and shareholders;
- The designation of Directors or Shareholders;
- Director’s or stakeholder’s address;
- Date of the consultation;
- Digital Signature Validity.
Legislators are working to simplify corporate law since businesses account for most of India’s revenue generation. As an Indian citizen, one must also be aware of post-registration compliance, which is critical for businesses since noncompliance will result in legal action by authorities. In this regard, the marketers should know about the company’s next steps. Whenever possible, it is best to seek expert guidance to reduce the likelihood of non-compliance.
All corporate details are published online by the Ministry of Corporate Affairs, which is accessible by the general public and the corporation alike. MCA (Ministry of Corporate Affairs) offers the ability to track your company’s incorporation status online.
We intend to provide here all the necessary information and documents to form a business according to the Company Law of 2013. The Indian government has successfully redrafted the legislation. A minor adjustment would be to do incorporation online instead of through the mail because of today’s technology environment, reducing complexity and saving time for all parties involved. Hopefully, this has been helpful to you, and you will find this useful when you are looking for information about a business with MCA in the future.