- Process & Timeline for Company Registration in India
Day - 1
Documentation for Company Registration
Documentation plays a significant role in the Registration of companies in India. The primary documents of all shareholders and director s such as PAN, ID, and address proof are submitted along with evidence of the registered address of the Company. For the registered address, utility bills like electricity bill, water bill, or telephone bill of the registered address along with a NOC from the owner of premises are filed. The list of documents required is provided above for your reference. We shall request the necessary information for Company Registration in the Questionnaire .
Day - 1
Select Name of New Private Limited Company Registration
The name of every Company should be unique and must not violate the name of any other company or someone else trademark. We assist you by conducting a detailed search in the MCA and Trademark database for a possible match of the name. Please refer to our detailed discussion on name approval guidelines for company registration .
Day - 1
DSC for All Promoters of The Company
DSC is equivalent to the physical or paper signature under the information technology act. For Registration of a Company, all the applications to ROC are filed in digital format signed by its proposed director. The filing process for Company Registration starts with the issue of a digital signature for the shareholder and director of the Company.
Day - 2-5
Name Approval for Company Registration
RUN is the name of an online application, which is to be used for making an application for seeking approval of the ROC for the proposed Name of the Company. The RUN application can be filed with two proposed names of the company, in order of preference, can be filed with a note on the significance of the name and the business activities.
Day - 5
Spice Form Filing to ROC for Company Incorporation
After name approval of the company, we need to file the formal application for incorporation of the Company in form SPICE to the ROC with appropriate documents as attachments. The documents to be attached with Spice Form are MOA, AOA of the Company, KYC documents of promoters, and proof of the registered address with NOC from the landlord. The DSC of the promoters is then used to sign the application, which is further attested by one practicing Chartered Accountant, Company Secretary, Cost Accountant, or an Advocate practicing at High Court. The government filing fee for Company Registration depends on the proposed capital of the Company.
Day - 7
Registration of The Company with ROC
The final stage for the Company registration is the Issue of Certificate of Incorporation of the Company after the verification of the application for Company Registration is filed in Spice Form. The issue of the registration certificate of the company is conclusive proof of the Registration of the Company by ROC.
Day - 7
PAN & TAN Number for the Company
Nowadays, the issue of Pan Number and TAN is done automatically at the time of incorporation of the Company. There is no need to make any separate application. The PAN Number and TAN comes printed on the certificate of incorporation itself, and after the Registration of the Company, E-Pan and Tan letter is sent via email.
Minimum Two Promoter
A company can be registered in India, by at least two persons, who shall act as the first directors/shareholders of the company. The maximum number of shareholders is 200 and the company can have up to 15 directors.
One director of the company must be a resident in India. A person is said to be resident if he or she stays in India for at least 182 days during the preceding financial year irrespective of their citizenship. The days of stay can be in phases.