How to Register a Company in India

How to Register a Company in India



How to Register a Company in India: The process of setting up a business in India is getting easier and simpler. While it might seem like a daunting task, with the changing times and technological advancements, it has become possible to complete all business registration formalities online without having to visit government offices physically.

There are several different types of legal entities available in India that can be incorporated for doing business. However, the most popular and recommended is a Private Limited Company, which offers limited liability and perpetual succession. This entity can be started with a minimum of two members and may have up to 200 shareholders.

All directors of a private limited company must have a DIN (Director Identification Number) which can be obtained by filing e-Form 1A online. Similarly, a Digital Signature Certificate (DSC) must be acquired for signing all documents submitted electronically in the course of this process.

Once the DIN and DSC are in place, the application for incorporation can be filed online through a company registration portal. Generally, this application is processed within seven days. Once the approval is received, a PAN and TAN will be allotted to the new company by the Registrar of Companies (RoC).

Once the company has been registered, it can open its bank account at any nationalised bank in India. In addition, the company can apply for GST registration if it has crossed certain turnover limits. The details of the turnover limit and application procedure are covered in our detailed guide on GST Registration inIndia.

 

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