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Step-by-Step Guide to Registering a Company


Starting up a business is a rewarding and exciting venture, though it is not without challenge. One of those business ventures is the company registration, which might appear to be a challenging process at first glance. However with appropriate guidance and knowledge of the procedure registering a company in India is usually a straightforward process.


Let us take you step by step through company registration in India and discuss suggestions on how to comply with the legal and procedural requirements.

Steps for Company Registration Process in India

The steps for company registration in Indiacompany registration in India involve the following:

Step One: Seek Director Identification Number


The first step in the company registration is acquiring a DIN for every proposed director of the company. This unique identification number is needed for each director candidate in an Indian business. DIN application is made online at the MCA site.

Step two: Buy DSC/Get Digital Signature Certificate


In the digital age an electronic Signature Certificate is needed for online company registration and filing of forms jointly with the MCA. A DSC is an electronic signature for online submissions. Get a DSC from authorised certifying authorities in India.

Step 3: Pick a Company Name


The right name can establish your brand identity along with your business growth in the future. The name should be related, memorable and relevant to your business objectives. Check company registration accessibility and submit the proposed names for approval via the SPICe + form on the MCA portal before company registration.

Step 4: Make Necessary Documents


Collect all documents necessary for company registration: - identity document or proof of address / other supporting documentation as required by the MCA. Check that these documents are current to avoid rejections or delays during registration.

Step 5: File the SPICe + Form


The key document for company registration in India is SPICe + form. This form has 2 parts: Part A - name approval and Part B - incorporation of the company. After the name is approved, you can fill out Part B with info on the company & its officers, and various other info.

Step 6: Select the Appropriate Company Type


India provides various kinds of companies with benefits and limitations. The most frequent types are private limited company registration & public limited company registration. Select the company type according to your business goals, capital needs and ownership structure during registration.

Step 7: Submit the Application & Pay Fees


Next is online application for company registration after filling in the SPICe + form and attaching the relevant documents. Pay the prescribed fees - which depend on the company type and also the authorised share capital.

Step 8: Get the Certificate of Incorporation


After the Registrar of Companies has accepted your application, you are going to receive the Certificate of Incorporation as evidence of your company. Additionally you will get a Permanent Account Number & Tax Deduction and Collection Account Number from the Income Tax Division.

Step 9: Post-Registration Compliances


There are several post-registration compliances you need to meet after successful company registration. They include obtaining needed permits and registrations, distributing share certificates, holding board meetings, keeping statutory information and filing yearly returns with the MCA.

Simplified Online Company Registration in India


Recently, the Indian government has taken several measures to simplify the company registration system and make doing business simpler. The whole process has become faster and easier with the online company registration platforms and the SPICe + form.


These online platforms provide a simple solution for pvt ltd company registration and allow entrepreneurs to complete the whole process from their homes or offices. Additionally they provide assistance and direction throughout the registration process to satisfy all legal needs.

Conclusion


You need to register a company in India in order to conduct your business lawfully. Stick to the step by step instructions in this article to begin with the company registration procedure. Keep up with the changes in regulations and seek professional assistance whenever possible.


You can register your company and begin building a company in India with the proper strategy and preparation with StartupFinoStartupFino. Good luck!

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