How to do company registration?

How to do company registration?

Complete Step-by-Step Guide to Company Registration in India

Starting a business in India requires careful planning and legal compliance. Company registration in India ensures your business is legally recognized, eligible for loans, and protected under government regulations. The following guide breaks the process into simple steps.

1: Planning and Preparation

• Choose a Business Structure: First, decide on your company type: Private Limited, Limited Liability Partnership (LLP), One Person Company (OPC), or Public Limited. This decision affects liability, taxation, and compliance requirements.

• Obtain Digital Signature Certificate (DSC): Next, acquire Digital Signature Certificates for all proposed directors. This certificate is mandatory for submitting documents online during registration.

• Get Director Identification Number (DIN): After that, apply for a Director Identification Number (DIN) for all proposed directors. This unique number is required for every company director.

• Name Approval: Then, submit a request to the Ministry of Corporate Affairs (MCA) for approval of your company name. Make sure the name is unique and complies with MCA naming rules.

2: Document Preparation and Filing

• Draft MOA and AOA: Next, prepare the Memorandum of Association (MOA) and Articles of Association (AOA). These documents outline your company’s objectives, rules, and operational guidelines.

• File Forms with Registrar of Companies (RoC): Then, submit incorporation forms, such as SPICe+ (Simplified Proforma for Incorporating Company Electronically), to the RoC. Include director details, registered office address, and all required information.

• Pay Registration Fees: After submitting forms, pay the required fees online. The fee varies depending on the company’s authorized capital.

• Certificate of Incorporation: Once approved by the RoC, you receive the Certificate of Incorporation. This serves as legal proof of your company’s existence.

3: Post-Incorporation Formalities

• Apply for PAN and TAN: Next, apply for the company’s Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN). This step ensures compliance with taxation laws.

• Open a Bank Account: Then, open a current account in your company’s name. Also, obtain the Certificate of Commencement of Business, if applicable.

• GST Registration: If your turnover exceeds the threshold, register for Goods and Services Tax (GST) with the GST department. This keeps your business fully compliant.

• Comply with Labor Laws: Additionally, register for Employees’ Provident Fund (EPF) and Employees’ State Insurance (ESI), if applicable. This ensures compliance with labor regulations.

• Trademark Registration (Optional): Also, protect your brand by registering your company’s name and logo as trademarks. This prevents infringement and strengthens brand identity.

• Post-Incorporation Compliance: Finally, maintain statutory records, conduct board meetings, and file annual returns on time. By doing so, your company stays compliant with Indian laws.

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