Wednesday, March 14, 2012

Steps for Company Registration in India

Below is the process of Company Registration India summarized in steps:


1.      Apply Directors Identification Number (DIN).

DIN is mandatory for all directors of a company. Each proposed directors can obtain this number using his address proof and identity proof.

2.      Apply for Digital Signature Certificate (DSC).

Company registration in India is an online process where all the required documents are being filed online. These electronic documents need to be signed using DSC. For this one of the proposed director need to take a DSC.

3.      Select and Apply the Name for the company.

Select few names for your company. The Company name guidelines in India have been liberalised in par with international standards. Make the application for company name.

4.      Execute Company Registration documents.

Once the company name is approved, execute the company registration documents viz, Memorandum of Association and Articles of Association.

5.      Apply for registration of Company.

Once Memorandum of Association and Articles of Association are executed, the same has to be filed online to respective Registrar of Companies for registration. The Registrar registers these documents and issue certificate of incorporation.

6.      Other registrations.
One the company is registered; it needs to obtain Tax numbers such as Permanent Account Number (PAN), Tax Collection and Deduction Account (TAN) to open a bank account. It also requires Service Tax Registration, Value Added Tax (VAT) Registration depends on the nature of activity for functioning.