Digital Signature Of Director - Step - 1
As the application for Company Incorporation is filed online, the process starts with the issuance of Digital Signatures of class two.
Name Approval Of Company - Step - 2
The Company name must be unique and should not be same or similar to an existing company, LLP or a trademark.
Filling For Incorporation - Step - 3
One single application (spice 32) is filed for incorporation of the company. with the approval of this the Certificate is Issued.
PAN, TAN & Bank Account - Step - 4
The IT Department allots PAN & TAN, which is mentioned on the certificate of incorporation. Next is Bank A/c opening.
A company can be registered in India, by at least seven persons, who shall act as the shareholders of the company. There is no limit on the number of shareholders and the minimum director required is 3 which cant exceed 15 directors.
One director of the company must be 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.