Guide Procedure for Company Incorporation in India
India has a lot of legal requirements when it comes to establishing a company that must be followed as instructed by the Ministry of Corporate Affairs (MCA). So, here is a guide to procedure for company incorporation in India:
Step 1: Choose the Business Structure
Establish the structure of a company depending on your needs:
- Private Limited Companies (Most Popular)
- Publicly Limited Companies
- One Person Companies (OPC)
- Limited Liability Partnership (LLP)
2: Obtain Digital Signature Certificate (DSC)
- As a prerequisite for Indian company registration, a director’s Digital Signature Certificate must be obtained.
- This certificate can be obtained from registered providers such as eMudhra, NSDL, or Sify.
- Usually takes 1-2 days to obtain.
3: Apply for Director Identification Number (DIN)
- Every director gets assigned a distinct identification number known as Director Identification number.
- Directors can apply for it through a SPICe+ form during company registration.
4: Name Reservation through SPICe+ (Part A)
- Verify whether or not a particular name of a company is available on the MDC website.
- To obtain a name approval, submit SPICe+ Part A.
- Names must be original and fulfill the Companies Act of 2013.
- Normally, MCA takes 1-3 days to provide approval.
5: Drafting MOA & AOA
- Memorandum of Association (MOA): A document that states the goals of the company and what they aspire to achieve.
- Articles of Association (AOA): Outlines the conditions regarding the governance structure.
- these papers are invite to endorse for All directors and stockholders
6: Submission of Part B SPICe+ for incorporation
File the SPICe+ Part B form on the MCA portal with:
- Memorandum of Association & Articles of Association
- Evidence of registered address (Lease Agreement/Deed of Ownership)
- No Objection Certificate from the property owner (if any)
- Indemnity & Statutory Declaration by the directors
- Identity & residential address proof offered by directors (PAN, Aadhaar, etc.)
7: Receive Certificate of Incorporation (COI)
- After validation, the MCA will provide you with a certificate of incorporation.
- The COI has the name of the company, corporate identification number (CIN), and date of incorporation.
8: Register for PAN, TAN, & GST
- SPICe+ form application comes with auto-generated PAN & TAN.
- GSTR is granted upon application in Delhi or any other state where it is needed.
9: Set Up a Company Bank Account
- To set up a corporate bank account, present the certificate of incorporation, PAN, along with AOA/MOA.
10: Compliance After Incorporation
- Registration under the Shops & Establishments Act (if necessary).
- Registration for Professional Tax (if needed).
- Employer’s contribution to the provident fund (EPF) & ESIC (compulsory if exceeding ten employees).
Timeline & Cost
- Completion Duration: From 1 Week to 2 Weeks
- Pricing: Between ₹8,000 – ₹15,000 (subject to change depending on professional fees & state revenues)
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