How to Register a Company

4 min read

Starting a business is an exciting journey. However, registering a company can be daunting if you don't know where to start. With guidance from experts like Deeksha Khurana at Taxlegit, the process becomes straightforward. Here's a step-by-step guide to help you through the registration process.

Step 1: Choose Your Business Structure
First, decide the structure of your business. It can be a sole proprietorship, partnership, limited liability partnership (LLP), or a private limited company. Each structure has its own legal implications and benefits. Choose the one that aligns with your business goals.

Step 2: Register Your Business Name
Once you've chosen a structure, register your business name. Ensure the name is unique and not already in use. Check availability on the Ministry of Corporate Affairs (MCA) website. Reserve your company name through the RUN (Reserve Unique Name) service on the MCA portal.

Step 3: Obtain Digital Signature Certificate (DSC)
For online registration, you need a Digital Signature Certificate (DSC). Authorized agencies provide DSCs. Apply for a DSC for each director of your company. It's essential for filing electronic documents.

Step 4: Apply for Director Identification Number (DIN)
Directors must have a Director Identification Number (DIN). Apply for DIN through the SPICe (Simplified Proforma for Incorporating Company Electronically) form on the MCA portal. You need proof of identity and address for this application.

Step 5: File the Incorporation Form
The SPICe form (INC-32) is used for company incorporation. Attach the Memorandum of Association (MoA) and Articles of Association (AoA) with it. Submit these documents along with the SPICe form on the MCA portal.

Step 6: Obtain PAN and TAN
Apply for a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for your company. You can do this through the NSDL (National Securities Depository Limited) website. These are necessary for tax-related activities.

Step 7: Register for GST
Next, register for the Goods and Services Tax (GST). The GST registration process is online and involves submitting various documents like PAN, proof of business registration, identity and address proof of promoters, and bank details. Visit the GST portal and follow the steps for registration.

Step 8: Legal Metrology Registration
If your business deals with weights and measures, obtain Legal Metrology Registration. This registration ensures your products comply with legal standards. Deeksha Khurana at Taxlegit can assist with the Legal Metrology Registration, ensuring compliance with the rules and regulations.

Step 9: Register Under Startup India
For startups, register under the Startup India scheme to avail various benefits. The startup India registration fees are minimal. Visit the Startup India website and follow the registration steps. This helps in getting tax exemptions, access to funding, and other benefits.

Step 10: Open a Bank Account
Once you have all the necessary registrations, open a business bank account. Choose a bank that offers good business banking services. Provide all the required documents like incorporation certificate, PAN, and TAN.

Step 11: Comply with Other Regulations
Depending on your business type, comply with additional regulations like Employee Provident Fund (EPF) registration, Professional Tax registration, and others. Ensure you're aware of all legal requirements to avoid future issues.

Conclusion
Registering a company involves several steps, but with the right guidance, it becomes manageable. Deeksha Khurana and the team at Taxlegit can assist you through each step, including Legal Metrology Registration, GST registration process, and more. With their expertise, you can focus on growing your business while they handle the legal formalities. Start your business journey today and make your entrepreneurial dreams a reality.

 

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