How to Incorporate a Company in India?
1. Choose a business name: Select a unique and suitable name for the company, and check its availability through the Ministry of Corporate Affairs’ website.
2. Obtain Director Identification Number (DIN): Apply for a DIN for each proposed director of the company through the MCA portal. 3. File Incorporation Documents: Submit the necessary incorporation documents, including the Memorandum of Association (MOA) and Article of Association (AOA), to the Registrar of Companies (ROC). 4. Obtain Digital Signature Certificate (DSC): Each director must obtain a DSC, which is used to file incorporation documents electronically. 5. Apply for Permanent Account Number (PAN) and TAN: Both PAN and TAN are required for tax purposes and must be obtained before incorporating the company. 6. Obtain Company Identification Number (CIN): Once the incorporation documents are approved, the ROC will issue a CIN, which serves as a unique identification number for the company.
7. Register for Goods and Services Tax (GST): Register for GST within 30 days of starting the business. 8. Open a Company Bank Account: Open a bank account in the company’s name for financial transactions. 9. Compliance with Other Regulations: Comply with other regulations, such as labor laws, environmental laws, and intellectual property laws.
Note: The incorporation process may vary depending on the type of company being incorporated (e.g. private limited, public limited, one person company, etc.). It is advisable to seek professional help from a company secretary or a legal advisor. Feel free to reach out to ZAP Virtual Accountants.