Step 1: Getting a Digital Signature Certificate (DSC)
A Digital Signature Certificate (DSC) must be obtained by at least one director prior to the registration process starting. In order to electronically sign documents during the registration procedure, the DSC is required. Authorised certifying organisations such as eMudhra, Sify, or NSDL can provide you with a DSC.
Step 2: Getting a Director Identification Number (DIN)
A Director Identification Number (DIN) is required for every director of the organisation. By submitting Form DIR-3 via the MCA portal, you can apply for a DIN. You can also apply for a DIN using the SPICe+ (Simplified Proforma for Incorporating Company Electronically) form if this is your first time incorporating a business.
Step 3: Register on the MCA Portal
Go to mca.gov.in.
- Choose a role type (Business User or Registered User) after clicking on New User Registration.
- Create a login ID by entering the required information.
- After registering, access your account and log in.
Choose "Register a New Company" after logging in. This will take you to the SPICe+ form, a web-based tool for company registration.
Step 5: Select the Company Type
Choose the kind of business you wish to register. Among the prevalent kinds are:
- Private Limited Company (usually used by new businesses)
- Limited Public Company
- One-person business (OPC)
- Partnership with Limited Liability (LLP)
Step 6: Apply for Name Approval and Verify Name Availability
Selecting a distinctive name for your business is crucial. To find out whether a name is accessible, use the MCA's RUN (Reserve Unique Name) program. You can start the incorporation process after approval.
Step 7: Complete the Company Registration Information
After the name is accepted, complete the SPICe+ form with the necessary information, such as:
- Address of the registered office
- Information about the shareholders and directors
- Pattern of Shareholding
- Business goals
You need to upload the following files in order to finish the registration process:
- Association Memorandum (MOA)
- Association Articles (AOA)
- Evidence of office address, such as a utility bill or lease
- Proof of directors' and shareholders' identities and addresses
- First directors' and subscribers' declaration (Form INC-9)
Pay the relevant registration cost online after all information and papers have been uploaded. The cost varies according to the company's authorised capital. Submit the application for processing once money has been received.
Step 10: Obtain the Incorporation Certificate
The Registrar of Companies (ROC) will accept the application and issue a Certificate of Incorporation (COI) provided all the information is accurate and confirmed. The company's existence is legally attested by this certificate. For tax-related purposes, you will also receive a Tax Deduction and Collection Account Number (TAN) and Permanent Account Number (PAN) in addition to the COI.
Other Things to Think About
- GST Registration: Register for Goods and Services Tax (GST) if your revenue surpasses the allowed threshold.
- Bank Account Opening: To open a corporate bank account, use your incorporation paperwork.
- Annual Compliance: Continually submit financial statements and annual returns to MCA.
Conclusion
One crucial step in formalising your business is registering it on MCA.gov.in. Even while the procedure is simplified, it can still be difficult and time-consuming, particularly for new business owners. To guarantee a seamless registration, it is advised to obtain competent help from a legal or financial specialist. You can effectively create your business and begin conducting lawful business in India by following the aforementioned procedures.
0 Comments