Company Formation in India Procedure
When setting up a company in India, the Companies Act of 2013 is the key law guiding the process. This law outlines the rules for both public and private companies.
1. Getting Your Director Identification Number (DIN)
To become a director of a company, you need a Director Identification Number (DIN). We help you apply for this online using Form DIR-3. Once submitted, you’ll receive a provisional DIN.
2. Acquiring a Digital Signature Certificate (DSC)
A Digital Signature Certificate (DSC) is necessary for online transactions and document submissions. We can assist you in obtaining a DSC quickly. You’ll need to submit an application and fee to vendors like TCS or Satyam. Typically, DSCs are issued within 1-2 days
3. Getting Your Company Name Approved
The next step is getting your company name approved. We’ll file Form INC-1 with the Registrar of Companies (ROC) online, using the digital signature of one of your proposed directors. The ROC will review your application.
4. Registering Your Company
Once your name is approved, you need to complete the registration process. We will guide you through submitting the following documents to the ROC:
- Memorandum of Association (MOA): This document outlines the company’s objectives.
- Articles of Association (AOA): This document sets the rules for running the company.
- Declaration in Form INC-8: This is a statement by a qualified individual (like a director or lawyer) confirming that all legal requirements have been met.
- List of Directors: Information about the people who will be directors of your company.
- Form DIR-12: Consent and details of all directors, managing directors, managers, and secretaries.
- Form INC-22: Information about your company’s registered office.
- Power of Attorney: Authorization for someone to handle the documents on your behalf.
- Registration Fee: The applicable fee for registering with the ROC.