What are the steps to follow for company registration in India
Here are the steps to follow for Company Registration in India:
1. Choose a Business Structure
Types of Structures: Private Limited Company, Limited Liability Partnership (LLP), One Person Company (OPC), Public Limited Company, etc.
Considerations: Business objectives, the number of owners, tax implications, and legal requirements.
2. Obtain a Digital Signature Certificate (DSC)
Purpose: Required for filing electronic forms on the Ministry of Corporate Affairs (MCA) portal.
Issuance: Authorized Certifying Authorities (CAs) issue DSCs to the directors or members.
3. Apply for Director Identification Number (DIN)
Purpose: A unique identification number for the directors of the company.
Application: Can be done via the SPICe (Simplified Proforma for Incorporating Company Electronically) form or DIR-3 form.
4. Reserve a Company Name
Application: File the RUN (Reserve Unique Name) form on the MCA portal.
Guidelines: The name must be unique, and it should not infringe on any registered trademarks.
5. Draft the Memorandum and Articles of Association (MoA & AoA)
MoA: Outlines the objectives, powers, and scope of the company.
AoA: Lays down the rules for the company’s internal management.
Signing: These documents must be signed by the subscribers to the company.
6. File the Incorporation Form (SPICe+ Form)
Details Included: Company details, directors' and shareholders' information, registered office address, and capital structure.
Attachments: MoA, AoA, DSCs, and ID/address proofs of directors and shareholders.
Approval: Upon submission, the Registrar of Companies (RoC) will review the application.
7. Payment of Fees
Cost: Depends on the authorized capital and the type of company being registered.
Mode: Online payment on the MCA portal.
8. Obtain the Certificate of Incorporation
Issuance: After verification and approval by the RoC.
Details: Contains the Corporate Identity Number (CIN) and serves as proof of registration.
9. Apply for PAN and TAN
PAN: Permanent Account Number for tax purposes.
TAN: Tax Deduction and Collection Account Number for deducting tax at the source.
Process: PAN and TAN are applied through the SPICe+ form.
10. Open a Bank Account
Purpose: The company needs a bank account in its name for financial transactions.
Requirement: The Certificate of Incorporation, PAN, AoA, and MoA are typically required to open the account.
11. Comply with Post-Incorporation Requirements
GST Registration: If applicable, for businesses with turnover exceeding the threshold limit.
Shops & Establishments Registration: If applicable, depending on the state of operation.
Professional Tax Registration: If applicable, depending on the state of operation.
These steps will guide you through the process of registering a company in India.
Share With Us