How do you do company registration?
Registering a company in India involves several steps and legal procedures. Here’s a detailed guide on how to register a company in India:
- Choose a Business Structure: Decide on the type of business structure, such as a Private Limited Company, Limited Liability Partnership (LLP), One Person Company (OPC), or Public Limited Company.
- Obtain Digital Signature Certificate (DSC): Acquire Digital Signature Certificates for the proposed directors. This is a mandatory step for filing documents online.
- Director Identification Number (DIN): Obtain Director Identification Number (DIN) for all the proposed directors. This is an individual identification number required for company registration.
- Name Approval:Apply for the availability and approval of the company name through the Ministry of Corporate Affairs (MCA). Choose a unique and compliant name.
- Memorandum of Association (MOA) and Articles of Association (AOA): Draft the Memorandum of Association (MOA) and Articles of Association (AOA) specifying the company’s objectives and rules of operation.
- Filing of Forms with the Registrar of Companies (RoC): File the necessary forms, such as SPICe (Simplified Proforma for Incorporating Company Electronically) with the RoC. This includes details of directors, registered office, and other relevant information.
- Payment of Fees:Pay the requisite fees for company registration. The fee varies based on the authorized capital of the company.
- Certificate of Incorporation: Once the RoC approves the application, a Certificate of Incorporation is issued. This document serves as the legal proof of the company’s existence.
- PAN and TAN Application: Apply for the Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the company.
- Bank Account Opening: Open a bank account in the name of the company and obtain the Certificate of Commencement of Business (if applicable).
- GST Registration: If the company’s turnover exceeds the threshold limit, register for Goods and Services Tax (GST) with the GST department.
- Compliance with Labor Laws: Comply with labor laws by obtaining necessary registrations, such as Employees’ Provident Fund (EPF) and Employees’ State Insurance (ESI), if applicable.
- Trademark Registration (optional): Consider registering the company’s name and logo as trademarks for brand protection.
- Post-Incorporation Compliance: Ensure compliance with ongoing requirements, such as filing annual returns, conducting board meetings, and maintaining statutory records.
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