Register a Company in India

If you are planning to set a company in India, you have to adhere to and furnish many government rules and obligation, file important document and fulfill certain legal and company law norms.

Setting up a company in India, requires fulfillment of certain rules and regulations and following certain pre-laid down policies. One has to adhere to many norms and policies to transpire the registration process smoothly.

If you are gearing up to register your company in India, then you have to record it in the Indian official records i.e. Ministry of Corporate Affairs. The registration process includes furnishing of the Digital signature certificate (DSC), Director Identity number (DIN) and filing for an e-form and this can be done online by sitting at home.

Here are the major steps to register a Company/startup in India

1. Apply for the DIN: This is the first step in process to be followed to register a company in India, and it begins by obtaining the unique identification number. All the directors of the company both existing and intending need to acquire the unique 8 digit DIN number which is issued under the Companies Act section 153.

2. Apply for DSC: The Company registration process in India requires every business to acquire a Digital signature certificate to ensure a secure way of get the documents submitted electronically. DSC should be acquired only from the agencies that are anointed by the Controller of Certification agencies (CCA). Every business will have its distinguished DSC and it is imperative that businesses should not share their DSC. It is valid for one or two years and there after it should be renewed again by CCA.

3. Filing of new user registration: It is important to get registered on the portal of MCA. It is important that you need to create a user account for filing an e-form, carrying varied transactions and payment of the prescribed fees. No fees are charged by the MCA for creating an account.

4. Filing for Charter documents: The applicants are required to create charter documents like Memorandum of Association and Articles of Association.

5. Application for Company name: The proposed name of your company should be unique and descriptive of the products and services offered by the business. The company name provides them with a distinguished entity from their competitors in the same field. The Ministry of Corporate affairs has initiated RUN web service for incorporating the company. This service can be used only once. Due to similar names or failure to adhere to the rules of Company incorporation pertaining to the names, once rejected, RUN cannot be re-used.

6. Other details registration: Next step is to register the name of the company, address and notice for appointment of directors, manager and secretary. It is mandatory to provide the four alternative names for your company and the proposed name should adhere by all the provisions listed in the Companies Act, 1950.

7. Acquiring PAN and TAN: This is the last step in the company registration process in India. PAN should be obtained from the authorized agents who are appointed by Union trust of India services LTD or the national securities depositary Ltd. TAN should be obtained from any assessing officer present in the Income tax department.