| Process of Companies Incorporation in India | |||
| The following are the steps involved in process of company registration. | |||
| 1 | Selection of Business Structure | ||
| (a) | Decide on the type of company structure you want to register. In India, common business structures include Private Limited Company, Public Limited Company, Limited Liability Partnership (LLP), and One Person Company (OPC) | ||
| 2 | Name Approval | ||
| (a) | Choose a unique name for your company. Check the availability of the name on the Ministry of Corporate Affairs (MCA) website. Once you have a unique name, you can apply for name approval | ||
| 3 | Digital Signature Certificate (DSC) | ||
| (a) | Obtain Digital Signature Certificates for the proposed directors and subscribers. DSC is required for filing the incorporation documents online | ||
| 4 | Director Identification Number (DIN) | ||
| (a) | Directors of the proposed company need to obtain a DIN. DIN can be obtained by filing an online application with the Ministry of Corporate Affairs | ||
| 5 | Drafting of Memorandum and Articles of Association | ||
| (a) | Draft the Memorandum of Association (MOA) and Articles of Association (AOA) for your company. These documents define the company’s objectives, rules, and regulations | ||
| 6 | Filing the Incorporation Documents | ||
| (a) | Prepare the necessary incorporation documents, including the MOA, AOA, and other required forms. Submit these documents along with the required fees to the Registrar of Companies (RoC) | ||
| 7 | Certificate of Incorporation | ||
| (a) | Once the RoC is satisfied with the documents and compliance, they will issue a Certificate of Incorporation. This certificate officially establishes the existence of your company | ||
| 8 | PAN and TAN Application | ||
| (a) | Apply for a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for your company. These are required for taxation purposes | ||
| 9 | Bank Account Opening | ||
| (a) | Open a bank account in the name of the company and deposit the minimum required capital. Provide the bank with the Certificate of Incorporation, MOA, and AOA | ||
| 10 | GST Registration | ||
| (a) | If your company’s turnover is expected to exceed the prescribed limit, register for Goods and Services Tax (GST) with the GST authorities | ||
| 11 | Compliance and Regulatory Filings | ||
| (a) | Ensure compliance with ongoing regulatory requirements. This includes filing annual returns, financial statements, and other necessary documents with the RoC | ||
| It’s important to note that the specific requirements and processes may vary based on the type of business structure and any regulatory changes. It is advisable to consult with a professional or a company secretary to ensure accurate and timely completion of all required steps | |||
| Contact Us: | |||
| For Companies registration any inquiries, assistance, or support, please feel free to reach out to us: | |||
| Email: ca.sabinmaden21@gmail.com | |||
| Phone: +918376870541 | |||
| Address: 2nd Floor, Abethoi Korean Market Paona Bazar, Imphal West Manipur – 795001 | |||
| Our dedicated team is here to help you and will respond to your inquiries promptly. | |||
| Thank you for choosing Sabin Made & Associates (Chartered Accountants) | |||
Also Read: Tax Liabilities of Individual as per New vs Old Tax Regime