"How to Incorporate a Company in India: A Step-by-Step Guide under the Companies Act"
Incorporating a company in India involves a series of steps that need to be followed as per the guidelines of the Companies Act. Here are the steps to incorporate a company in India:
Obtain Digital Signature Certificate (DSC): The first step is to obtain a DSC for all the proposed directors and subscribers of the company. A DSC is required to sign the electronic forms during the registration process.
Apply for Director Identification Number (DIN): Every proposed director of the company must apply for a DIN from the Ministry of Corporate Affairs (MCA). DIN is a unique identification number that is required to become a director in any company in India.
Name Reservation: The next step is to reserve a name for the company. You can apply for the name reservation through the MCA website.
File incorporation documents: Once the name is approved, the company incorporation documents must be filed with the Registrar of Companies (ROC) within 20 days of name approval. The documents include Memorandum of Association (MOA), Articles of Association (AOA), and other necessary documents such as address proof, identity proof, and proof of registered office.
Obtain Certificate of Incorporation: Upon the approval of incorporation documents, the ROC will issue a Certificate of Incorporation (COI). This certificate serves as proof of the company's existence.
Apply for Permanent Account Number (PAN) and Tax Account Number (TAN): After obtaining the COI, the company must apply for PAN and TAN with the Income Tax Department.
Register for Goods and Services Tax (GST): If the company is engaged in the supply of goods or services, it must register for GST.
In conclusion, incorporating a company in India involves several steps, and it is essential to follow the guidelines of the Companies Act to ensure a smooth registration process.
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You can also refer to our article here to understand more about the legal policies: https://www.startupsherpa.in/post/the-startup-series-legal-policies
By Siddharth Dalmia
The StartUp Sherpa
+91-9971799250
dalmiasiddharth1994@gmail.com
