Steps involved in online Company registration in IndiaPosted by Enterslice India on February 9th, 2019 Company Registration is the very first and most important step in the process of a new company formation. It ensures that if the company incur any losses then the personal assets of the directors won’t be at stake or seized by banks, creditors, and government. Even after the death of the shareholder, the private limited company will continue to exist. Moreover, a firm with company registration has a greater scope of expansion because with such companies it’s quite easy to raise capital from a venture capitalist, angel investor, and financial institutions. Steps involved in online Company Registration in IndiaStep1: Obtain DSC (Digital Signature Certificate) The first and foremost step to online company registration in India is to obtain a DSC. According to Information Act, 2000, it’s pivotal for all proposed directors of the company to obtain a valid digital signature on the documents submitted electronically. The same DSC can be used for signing of ROC, compliance e-forms and E-Income Tax returns. Step2: Procure Director Identification Number (DIN) As per the Amendment Act, 2006, it is mandatory for every director of the company to procure a DIN i.e., Director Identification Number. To obtain DIN, the applicant needs to file an e-Form DIN-1. The dIN-1Form can be found on the official site of the MCA (Ministry of Corporate Affairs). Step3: File an application for company name approval Before filing an application for companyregistration or incorporation in India, the name of the proposed company must be reserved. The applicant can make an application for reservation of name of the Private Limited Company in e-Form INC-1 by making payment of requisite fees. In one application, the applicant can propose 6 names in preferential order. The proposed name must be unique and shouldn’t match with the name of the existing company. Step4: Certificate of Incorporation (CIN) The next step after the reservation of the company’s name is to file an application for issuance of Certificate of Incorporation with all the supporting documents such as proof of registered office, and a declaration from directors. Registrar of Companies (ROCs) will take about 3-5 working days to grant the approval and issue the Certificate of Incorporation. Step5: Current Bank Account Opening The last step involves opening a current bank account in the name of the company. Documents required for Private Limited Company Registration
ConclusionFor the Private Limited Company registration in India, the applicant can consult practicing professional and can process the company registration with much ease. Further, after the online registration of the company, the promoters and directors are supposed to maintain the active status of the company by compliance with the provisions of the company by filing the annual returns and forms as prescribed by Indian Companies Act, 2013. Source url - http://corpbiz.doodlekit.com/blog/entry/4780019/steps-involved-in-online-company-registration-in-india Like it? Share it! More by this author |