Company Registration Checklist for Entrepreneurs

In today’s world, young minds are getting attracted towards building their own business with innovative ideas. To develop the Indian economy and attract talented minds, the Government of India, under the leadership of PM Narendra Modi, has started the Startup India Initiative to recognize and promote Startups and now India stands at third globally as a hub for startups. Today registering a company has become easier than before. You can register a company online at the ease of your home.

The Ministry of Corporate Affairs has the online portal www.mca.gov.in which is an administrative body to regulate the Companies Act 2013. The Startup India Initiative has rolled out several programs with the objective of supporting entrepreneurs, building a robust startup ecosystem, and transforming India into a country of job creators instead of job seekers. Therefore, Startups has become very popular in India and getting the startups registered has become like a dream come true for most of the young entrepreneurs. Let’s quickly checkout the important documents to get the company registration online.

DOCUMENTS FOR COMPANY REGISTRATION

1. Identity Proof Documents
2. Permanent Account Number (PAN Card Copy)
3. Passport / Driving License / Voter Identity Card (Anyone)
4. Address Proof Documents
5. Telephone Bill / Mobile Bill/Electricity Bill / Water Bill
6. Copy of the Bank Passbook with latest transaction entry or Bank Statement (not more than 2 months old)
7. Passport size Photographs

Note: All the documents mentioned must be Self-Attested by all the promoters (Directors and Shareholders). For company, latest utility bill such as telephone bill/ electricity bill/ mobile bill/ gas bill has to be submitted which should not be older than 2 months.

PROCESS OF COMPANY REGISTRATION ONLINE

• Apply Digital Signature Certificate (DSC)

As per the latest amendment by the Government, now Class III Digital Signature is required to incorporate a company in India. The same can be obtained easily from any Certifying Authority and it is normally valid for 2 years after which the same can be renewed. The Major service provides are Sify, Vsign, Emudhra etc. The soft copy of DSC is not supported in MCA and the same is required to be downloaded in the Token. Major token Players are ePass, MToken etc.

• Application for Company Name and its availability

MCA allows to file a maximum of two names at a time according to priorities in SPICE PART A and one resubmission is allowed where we can again submit two names. It is important to select the right NIC code to reflect the correct industry. We are also required to file the Objects of the proposed company.

• Filing of Incorporation documents with eMOA & eAOA

MOA provides details related to the objectives and powers of the company and the relationship between the outsider and the company. The MOA cannot be altered. It contains all the necessary details of the registering company which are required during the incorporation process. AOA specifies the rules and regulations of the company. It provides details about the management, conduct and byelaws governing the internal affairs of the company.

• ROC issues a Certificate of Incorporation having CIN

After verifying all the documents, Certificate of Incorporation shall be issued by the ROC. It also acts as a proof that the company is now registered with the registrar of companies. MCA also publishes the same in the Master Data. Now, COI also contains the PAN and TAN.

If you want to build your start-up and need a smooth registration process without any flaws in the documentation especially in drafting the MOA & AOA, you can take help in registration process. Feel free to reach at Compliance Calendar LLP, we have a dedicated team of Incorporation Experts who will be at your disposal to guide you with all the required compliance required for the Private Limited Company Registration. You can raise your query at [email protected] or connect at 9988424211. Allow us a chance to support you in your startup journey as we have already helped thousand of startups in registration of their companies.