Can you imagine how easy a new company registration procedure in India is? If yes, then you can surely proceed with the steps. In case, if it's a NO, then let us let tell you with the help of a trusted and leading consultant in the market, you can easily enroll your new company under the Companies Act, 2013.
Enterslice is India's no. 1 company registration consultant. It not only helps people to register their company but also aid them with the after-effects of company registration. It also helps you with ITR (Income Tax Returns) filing, annual returns, TDS returns, etc. within a stipulated time so that you won't be subject to any penalty.
In this blog, we will mainly discuss the procedures for online company registration in India, documents required, and essential compliances to be kept in mind. So, let's get started and find out more on new company registration.
4 simple steps to Company Registration in India
If you're reading this blog, then you must be curious to know how to register a company in India. So, once you're determined to register your new company, contact Enterslice and we will support you throughout the process. You only need to submit the self-attested documents to us, and we will, then, file an E-form on the MCA's official website and will proceed with the process.
Apart from this, you need to follow just four simple steps described below:
Step1: Every Director and Shareholders are required to obtain DSC
DSC, known as the Digital Signature Certificate, is expected to be procured by every director and shareholder of the company for filing online company registration. Once the certifying authority issues the DSC, directors can also use it to file ITR, annual returns, etc.
Step2: Company name approval
Company name plays quite a vital role in company formation because it distinguishes your company from others. The name must be unique and shouldn't match with any existing name in the same or similar business class.
Being an applicant, you can apply for name approval in two ways: either through filing a SPICe or through RUN (Reserve Unique Name). In RUN service, you can propose a maximum of two names. If the name is unique and abides by specific required laws and rules, then the Registrar of Companies (ROC) will approve it. In case of objection, you will get a second chance for proposing different names.
Step3: Filing a SPICe or Form INC-32
Typically, a SPICe is a single form that can be filed to obtain DIN (Director Identification Number), PAN and TAN of the company, CIN, and Certificate of Incorporation. This form is submitted along with the e-forms for MOA (Memorandum of Association) and AOA (Articles of Association) with the following attachments:
Necessary documents for company incorporation in India
1. From Members and Directors (Self-attested)
- PAN card and Aadhaar card of members and directors;
- Election ID card/Passport/Driving License;
- Scanned photographs;
- Latest Bank Statements that must not be older than 30 days.
2. For Registered office
- Rent agreement on the name of the company and NOC from the property owner;
- Latest Utility Bills not older than 30 days.
For information on registered office for Private Limited Company, click here.
Step4: Final incorporation via SPICe
Once ROC has scrutinized the e-forms and documents, they will issue a CIN (Corporate Identity Number) along with the company's Certificate of Incorporation.
Essential compliances after company registration
After company registration, everybody needs to follow certain compliances as follows:
- There should be a minimum of two board meetings in 2 quarters (4 in case of other than small company);
- Conduct 1st AGM within 15 months of company incorporation;
- Appoint auditors within 30 days from the date of company registration;
- Maintenance of statutory register, etc.;
- Filing of Annual Returns filing forms such as MGT-7, MBP-1, AOC-4, and DIR-8;
- Director reports indicating the operation and performance of the company;
- Filing TDS returns quarterly;
- Income Tax Returns filing by or before 30th September of the financial year;
- Filing Tax Audit Report to Income Tax Department in case the Gross Receipts is more than Rs. 1 crore;
- Circulate Financial Statement other documents to members and directors.
Wrapping up
Hence, company registration procedure in India becomes pretty easy if you prefer a better consultant in the market. If you're going to establish a company, then registering it isn't the only thing required. But following its compliances is also the part of the company registration process in India.
If you're looking for a consultant for the same, then unhesitatingly, contact Enterslice.
