Steps to Start a Business


Registration Help

Starting a company includes recognising and solving many issues like Legal, finance, sales and marketing, the security of intellectual property, the security of liability, human resources, and more. Curiosity is at an all-time peak in entrepreneurship. NEVER was it easier to start your own business? Our expert hands will help you to simplify the process. Steps to Start a Business. Steps to Start a Business. Steps to Start a Business


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Benefits of Company Registration in India


Checking the Company Name Availability

You must search to see if the name suggested is valid before any company registration can take effect. This can be achieved online, where applicants can verify if their preferred company names are listed on the MCA 21 website. If accepted, the name of the preferred organization will appear on the website.


Acquiring a Director Identification Number (DIN)

A Director Identification Number (DIN) is a special identification number provided to any existing or potential directors of an incorporated company. You can obtain a provisional DIN by filling out the DIN-1 application form online. A printed and signed version of the form will then need to be forwarded to the ministry along with proof of identity and address for approval. After verification of the documents and subsequent acceptance of the application, a permanent DIN is issued.


Acquiring a Digital Signature Certificate

A digital signature certificate is an electronic key issued for validating and identifying the holder of that certificate. The certificate may be issued by one of the accredited organisations registered with the Minister. The business directors must request an identification form, identity proof and permanent proof of address when applying for a Digital Signature Certificate.


Obtaining an Incorporation Certificate

The Ministry of Corporate Affairs issues an incorporation certificate and it is used as a justification for the company’s constitution. The e-form 32, e-form 1 and e-form 18 must be submitted online on the official website of the Ministry of Company Affairs. In addition to Form 1, one copy of each must be submitted to the Registrar of Companies: the Memorandum and Articles of Incorporation (MoA and AoA), the consent of directors, and a stamped copy of the power of attorney.


Creating a Company Seal for official documentation

For exchanging certificates and other official records a business seal must be put on papers. The approximate expense of obtaining an official seal depends on the total number of words to be written on it, the total number of seals produced and the time span for the seals being shipped.


Stamping of all Company Documents

The application to have the incorporation documents of the company stamped must always have the unsigned copies of the memorandum and articles of association attached alongside the receipt of payment for the same. Stamp duty for such documents should be paid online to the Registrar of Companies. Following this request, the Superintendent will return the copies where one of which is officially stamped, signed, and embossed. Finally, the promoters of the company must sign the MoA and AoA.


Acquiring a Permanent Account Number (PAN)

To apply for PAN, the filing of Form 49A is required. If you have purchased a personalised PAN, a physical version of the PAN card will be sent by official post to your registered address. The PAN application can also be rendered digitally, but for final authentication, the necessary documentation would also have to be submitted physically.


Acquiring a Tax Account Number (TAN)

A Tax Deduction Account Number or Tax Collection Account Number (TAN) is as per the Government of India a special number provided by the Income-Tax Department to all organisations that are eligible to either deduct or collect tax at source. To obtain this number, it is required to fill out the form 49B and send it to a TIN facilitation centre. After the document is checked, it is sent to the Department of Income Tax, and the TAN is released. The application for a TAN can be made offline or via the NSDL website.


Obtaining a certificate from the State/Municipal Inspector under the Shops and Establishment Act

A document that contains the names of the employer / manager, the approved name of the corporation and the permanent postal address and business division must be made clear to the State Shop and Establishment Administrator along with payment of the relevant fees. This is a crucial step in the issuance of a trade licence, as all businesses must be licenced within one month (30 days) of their company opening.


Applying for GST Registration

For any company conducting the supply of goods and services through states, GST registration is mandatory while retaining an annual gross turnover of more than INR 40 lakhs/20 Lakhs. This should be prioritized for new company registration before any further process.


Obtaining a Profession Tax Certificate from the State Profession Tax Office

Any employer (who is not a government official) is liable to taxes and must obtain a registration certificate from the appropriate authority. A corporation shall file Form 1 with the State Professional Tax Office to apply for the Certificate of Professional Tax.


Completing a National Employees’ Provident Fund Registration

Employer is required to provide the local Employee Provident Fund Organization (EPFO) with information about the staff. This must be achieved in a specific way, so that the organisation may be assigned an Establishment Code Number (ECN). This procedure comes under the employer’s exclusive purview, and workers do not need to make different applications.

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