Steps for company registration in India along with its importance
Company incorporation can be defined as the forming of a new corporation. The corporation can be business or sports club or anything.For the company to be formed the first and important step is the registration of the company whether the company is private or public but the registration is must. Company is a separate entity which is to be registered under the companies act. Every country has its own procedure for the registration. In India the companies are registered under the Company acts of 1956 and they are being administrated by Ministry of Corporate affairs through the offices of Registrar of Companies in every state.
Company registration in India requires certain steps to be followed. Registration of a new company is advisable and also legally benefit for corporation. The steps for the registration of the company are as follows:
1. The first step is to obtain the Director Identification number(DIN) by filling the appropriate form. The temporary DIN number is issued after the submission of form which is to be sent to the ministry of corporate affairs along with the address proof and identity proof.
2. Next step require the digital signature certificate to utilize registration system under the MCA 21 along with the submission of identity proof and residence proof and must be submitted by the director of company.
3. After that the company name is to be approved by the Registrar of companies (ROC). For this the form 1a is to presented to the ROC of state along with the address of the registered office of the firm and the signature of the promoter.
4. After this the company ‘s certificates, Memorandum of Association and Article of Association along with the unsigned copies of the Form 1 are being submitted to the bank for the stamping. Every state has its own charges for stamping.
5. Now the certificate of incorporation from the ROC and MCA is done.
6. After that seal of company is required which helps to deliver certificates to its share holders.
7. The PAN No and Tan No of the company is being applied.
8. Once the roc is satisfied the certificate of incorporation is being issued and company comes into existence.
Registration is an important part without which the company does not come into existence. Registration process takes one or two days. For the integration of the company one has to submit various documents which are mentioned above to the registrar’s office. But with the help of online registration all these work has become easy. Online registration has made the work very easy and cost effective. During this u also don’t have to present a witness and the main thing is that u get the pdf file of all your documents so that u can keep it and use them when u need them. Like company registration we also have trademark registration. When we provide a trademark to a company’s product then we will also have to register that. Registering a trademark provides protection to the owner and deters others from using your trademark.
Company registration in India company registration issometimes compulsory online company registration Companies Act of 1956 which sets some rules for both private company incorporation many more steps.
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