Aug 24, 2014

14 STEPS TO REGISTER A STARTUP COMPANY IN INDIA

14 STEPS REGISTER STARTUP INDIA

How to Register a private limited company  in INDIA ?

Registering a company in India can take anything from 15 days to as many as 35 days, though instances of getting the certificate of incorporation in a day to a week are also there.
Registration of all sorts of companies in India is overseen by the Registrars of Companies (ROC), appointed under Section 609 of the Companies Act 1956. Every state has a regional office of the ROC to oversee the registration process. The ROC is vested with the power to register companies in India and also ensure they comply with all statutory requirements under the Act.
Registration process
ProcedureTime to completeCost to complete (Rs.)
1 Obtain director identification number (DIN) online1 day100
2 Obtain digital signature certificate online1-6 days400-2,650
3 Reserve the company name with the Registrar of Companies (ROC) online2-3 days500
4 Memorandum and Articles of Association vetted and printed Has to be done within six months of name approvalNil
5 Stamp the company documents either at the superintendent’s or an authorized bank1 dayCharges vary from state to state
6 Get the Memorandum and Articles signed by at least two subscribers1 dayNil
7 Get the certificate of incorporation3-7 days4,000 for a company with authorized capital of Rs 1 lakh (Fee keep on reducing successively in slabs after this)
8 Make a seal1 day350
9 Obtain a Permanent Account Number (PAN) from UTI or NSDL15 days66 for fee and 5 for application form (if not downloaded)
10 Obtain a tax account number (TAN) for income taxes deducted at source from the Assessing Office15 days, simultaneously with procedure 955
11 Register for VAT with the sales tax officer12 days simultaneously with procedure 105,000 (registration) + 100 (stamp duty)
12 Register with Employees’ Provident Fund Organization2 days, simultaneous with procedure 11Nil
13 Register with ESIC (medical insurance)1 day, simultaneously with procedure 11Nil
14 Filing for government approval before RBI/FIPB for foreigners and NRIs15 daysNil


tags: company, registration, startup, checklist, steps, how to, business, government, 


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