Incorporating a company in India involves several steps. Here is a step-by-step guide:
- Obtain Digital Signature Certificate (DSC): The first step is to obtain a digital signature certificate (DSC) for the proposed directors of the company. This can be obtained from a government-approved agency.
- Obtain Director Identification Number (DIN): The next step is to obtain a Director Identification Number (DIN) for the proposed directors. This can be done online through the Ministry of Corporate Affairs (MCA) portal.
- Name Approval: The proposed company name needs to be approved by the Registrar of Companies (ROC). A maximum of six names can be submitted in order of preference, and the name should be unique and not similar to an existing company.
- Memorandum of Association (MOA) and Articles of Association (AOA): The MOA and AOA are the charter documents of the company, which outline its objectives, powers, and internal regulations. These documents need to be drafted and filed with the ROC.
- Filing of Incorporation Forms: The next step is to file the incorporation forms, which include Form SPICe (Simplified Proforma for Incorporating Company Electronically) and Form INC-32 (Integrated Incorporation Form). These forms contain details of the proposed directors, shareholders, and registered office of the company.
- Payment of Fees: The registration fees need to be paid online through the MCA portal.
- Obtain Certificate of Incorporation: Once the ROC is satisfied with the documents and fees, it will issue a Certificate of Incorporation, which officially registers the company.
- Obtain Permanent Account Number (PAN) and Tax Account Number (TAN): The final step is to obtain a PAN and TAN for the company from the Income Tax Department.
In summary, the steps to incorporate a company in India are:
- Obtain Digital Signature Certificate (DSC)
- Obtain Director Identification Number (DIN)
- Name Approval
- Memorandum of Association (MOA) and Articles of Association (AOA)
- Filing of Incorporation Forms
- Payment of Fees
- Obtain Certificate of Incorporation
- Obtain Permanent Account Number (PAN) and Tax Account Number (TAN)