Are you planning to start your own business? Have you always wanted to be your own boss? Let’s make your entrepreneurial dream turn into reality. This post will help you to be aware on the procedure to register a company in India.
The company registration process in India is done under the Ministry of Corporate Affairs. Incorporating a company is a systematic procedure of gathering and submission of requirements as per the Company Act 2013. It is vital to be well informed by the registration process to prevent future blunders. This post will give a guide on the procedure for registering a company.
- Apply for Director Identification Number (DIN)
DIN is a unique 8-digit number issued by the ministry of Corporate Affairs under the Company Act section 153. It recognizes the company’s actual or expected director in India.
- Register for a Digital Signature Certificate (DSC)
DSCs is processed online at the Ministry of Corporate Affairs’s website. It is the digital counterpart to hard copy of credentials that may be used to confirm identification, access information or resources on the Web or digitally signed documents
- Filing for New User Registration
It is important to register on the Ministry of Corporate Affairs’ portal to carry out different transactions, filling an e-form and paying the prescribed fees.
- Filing for Charter Documents
Charter documents like Memorandum of Association (MOA) and Articles of Association (AOA) are required to legalized a company registration. The MOA contains all the details of the registering company while the AOA is the document that specifies the rules and regulations laid by the company.
- Application for Company Name
The Registrar of Companies (RoC) will approve the company name based on availability and sustainability. It is suggested to list a minimum of four possible names and a maximum of six in order preference.
- Incorporating the Company
After the approval of company name, the next step includes the registering the company name and address, then the notice of appointment of directors, secretary and managers. The RoC will evaluate the request and provide Certificate of Incorporation (COI) if they find the application satisfactory.
In India, the registration process is entirely online. Though Indian company registration and other regulatory filings has become paperless, it can still be a daunting task without the right help. 3E Accounting India is one of India company incorporation services that offer hassle free assistance.