There are four major steps to be followed to register a company/ startup in India.
If you’re planning to start a new business or a brand new business within India then you have to register it in Indian official documents i.e. Ministry of Corporate Affairs (MCA). It is not necessary to go to the MCA Corporate Office to register, because it can be completed from home. This registration will include the Digital Signature Certificate(DSC) and Director Identity Number(DIN) and the filing of an electronic form.
Four main steps to register a firm or start-up with the Indian government: India:
Step 1: Acquire Digital Signature Certificate (DSC)
The Information Technology Act, 2000 contains provisions that permit the digital signatures to be used on documents that are submitted electronically in order to guarantee the authenticity and security of documents submitted electronically.
Step 2.Acquire Director Identification Number (DIN)
The concept of director Identification Number (DIN) is been first introduced by the introduction of sections 266A through 266G of the Companies (Amendment) Act, 2006.
Step 3.Create an account on the MCA portal. New user registration at mca.gov.in
4. Form a company or apply for permission to register the business.
Documents required for the submission of a company:
- The original copy of the formal letter sent by ROC about the availability of the company name
- DIN of directors who are proposed to be directors of a company
- DSC Digital Signature Certificate Digital Signature Certificate
- Formula-1 for incorporation of an entity
- Form-18 to indicate the location or situation of the company to be formed
- Form-32 to provide specifics about directors, managers and secretary
Information about the Companies Act, 2013
The Companies Act, 2013 passed by the parliament received the assent by the president of India on the 29th of August 2013. The Act consolidates and modifies the law that governs companies. Companies Act, 2013 Companies Act, 2013 has been announced through the Official Gazette the 30th of August 2013. A few of the provisions of the Act were implemented through an announcement that was published on September 12 13. The law of Companies Act, 1956 is still in effect.
Registration of a company can be difficult This is the reason we’ve simplified it into straightforward steps to follow. Before you can register your company it is essential to complete the other essential things, such as conducting market research, determining the good product, and choosing a business name to ensure that there are no obstacles to overcome in the registration process.
It is impossible to start a business until you’ve established an address and know the items or products you’re planning on provide customers. Therefore, get that aspect off your plate.
The process of registering a business in the brick and mortar of a location could be a nightmare. India is a nation with a certain amount of corruption. Just to start your business will require you to grease many hands. It’s much easier to complete all this online since the procedure that is online is an simple one.
The following are the steps you must follow to register a company in India:
Visit the official website of the Ministry of Corporate Affairs. Ministry of Corporate Affairs
In order to begin the procedure of registering your business online, visit the official site of the Ministry of Corporate Affairs. There are two forms you will need to find. The first is known as DIR3 and the second one is known as DSC. You must fill out both forms, and you’ll be able to make an application to the DIN online.
When filling out these forms be aware that you will need specific documents you’ll require to be provided. These documents consist of the proof of address, your current employment, passports and academic qualifications. It is also necessary to submit passport-sized photographs.
You must then sign up to obtain your Digital Signature Certificate, which is sometimes referred to by the DSC. Without the DSC you can’t submit an application for registration online. Like the DIN the DIN, you will require documents for filing the DSC. These include a passport documents, proof of address, passport-sized photos, education qualification, or current employment documents.
Create the application
After you’ve got your DIN and DSC set now, you can start the remaining preparations to submit the application. It is essential to begin by making sure you fill out an electronic form of the 1.A. The form is linked to the name of the company. It requires at least four different names, but some believe it’s preferential to submit 6. The names are then vetted by the RoC according to their availability and the appropriateness of them.
The RoC could take up to 2 days to reply. When filling out your application, you need the funds to cover Rs.500 as charges. Once your name is accepted, you must apply for registration of your company within six months. If you hold off the process must be re-started.
Write of the MoA and AoA
The next step is to create an Memorandum of Association (MoA) and Articles of Association (AoA). They are legally binding documents, and you are able to contact lawyers to get the documents registered. The MoA contains the various goals of the company’s business. The AoA provides the daily operational activities of the company as well as the management information. Each document must be signed by two individuals who are from the company. Witnesses must be present at the time that signing takes place.
Once these documents have been created when you create them, you must forward documents to RoC in order for them to review the document. If the RoC accepts the documents, you have to print them in order to have them notarized. After that then you can put them in the file alongside the other documents required to register your company.
After all this is completed, you must pay the registration fee in order for the business to be registered. It must be registered in the state in which you are operating. If everything goes as planned it will be registered with the RoC. RoC will then issue an official Certificate of Incorporation which indicates that your company is registered. Once that’s completed, you are able to begin to run your business.
Once your company has been legally registered, you have to complete several other steps that are required. It is necessary to apply for an GST number. You can then use an online service such as Razorpay invoicing to assist you in creating GST-compliant invoices. So, every aspect of the running of your company will be handled.
To determine the amount of GST you have to pay for your products or services just utilize the on-line GST calculator.
While there are plenty of steps to take when registration of your business, it’s best to complete the process as quickly as you can in order you can be going.