How To Register A Firm Or A Company In India

How to register a firm or a company in India

Registering a firm or company in India involves several steps:

Choose the Type of Business Entity: Decide whether you want to register as a sole proprietorship, partnership, limited liability partnership (LLP), private limited company, or public limited company.

Choose a Name: Select a unique name for your firm or company. Ensure that the name complies with the guidelines set by the Ministry of Corporate Affairs (MCA).

Obtain Digital Signature Certificate (DSC): Get a DSC for the directors or partners involved in the company formation process. This is required for filing documents electronically with the MCA.

Apply for Director Identification Number (DIN): Directors of the company need to apply for DIN if they don’t already have one. This can be done online through the MCA portal.

Apply for Name Approval: Apply for name approval for your company through the MCA portal. The name should comply with the naming guidelines and should not resemble the name of any existing company.

Draft Memorandum of Association (MOA) and Articles of Association (AOA): Draft the MOA and AOA, which outline the objectives and rules of the company. These documents need to be filed with the Registrar of Companies (ROC).

File Incorporation Documents: Prepare and file the incorporation documents along with the requisite fees with the ROC. These documents include the MOA, AOA, and other necessary forms.

Obtain Certificate of Incorporation: Once the ROC verifies the documents and approves the incorporation, you will receive a Certificate of Incorporation. This signifies the legal existence of your company.

Apply for PAN and TAN: After receiving the Certificate of Incorporation, apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for your company.

Register for GST: If your business turnover exceeds the threshold limit, register for Goods and Services Tax (GST) through the GST portal.

Open a Bank Account: Open a bank account in the name of your company and deposit the initial capital.

Compliance: Ensure compliance with all applicable laws and regulations, such as filing annual returns, conducting board meetings, and maintaining statutory records.

It is advisable to seek professional guidance from a company secretary or chartered accountant to ensure compliance with all legal requirements throughout the registration process.