Here's a step-by - step guide to help you register in India
Establishing a new enterprise sounds daunting. Yet it can benefit the company and the economy at large. With several companies seeking to set up businesses, there are few items to remember while registering your company in India. With that in mind, we are pleased to present some foundational measures required to register any company in India:
1. See Brand Name Availability
Before any company registration can take place, you must check for the proposed name. This can be accomplished electronically, where applicants can search their preferred company names on the MCA 21 website. Once accepted, the chosen name appears on the website.
2. Manager Identity Number (DIN)
A Director Identification Number (DIN) is a special identification number issued to every current or future business director incorporated. Online filling out a DIN-1 application form will acquire a provisional DIN.
Then, for clearance, a printed and signed type version must be forwarded to the ministry along with identity and address verification. A permanent DIN is released after record review and subsequent proposal acceptance.
3. Digital Signature Certificate
A digital signature certificate is an electronic key that validates and recognises this certificate's issuer. One licenced ministry-registered entity may grant this certificate. When applying for a Digital Signature Credential, company directors must request an application document, identity proof and permanent address proof.
4. Having an Incorporation Certificate
The Ministry of Corporate Affairs issues an incorporation certificate which is required to form the business. To request, the following documents must be digitally filed on the official business affairs ministry website – e-form 32, e-form 1 and e-form 18.
With Form 1, one copy of each must be given to the Business Registrar: the Memorandum and Articles of Incorporation (MoA and AoA), the approval of directors, and a stamped copy defining the power of attorney.
The incorporation certificate would be automatically sent to the company's e-mail ID as given in the details sent with the forms.
5. Company seal on legal documents
A company seal is required for exchanging certificates and other official documents. The approximate expense of obtaining an official seal depends on the amount of terms to be etched, the amount of seals released, and the time span for seal distribution. The obligation to retain a company seal is not necessary for private corporations.
6. Business records stamping
The proposal to get the company's incorporation papers stamped would still have the unsigned versions of the memorandum and partnership articles added alongside the invoice receipt. For such papers, the business registrar should pay stamp duty electronically.
Following this filing, the Superintendent returns the copies, each of which is sealed, authenticated and formally embossed. Finally, the promoters must sign the MoA and AoA, filling in their own handwriting with all necessary material.
7. A Permanent Account Number (PAN)
Form 49A is required for PAN application. When a particular PAN is purchased, official mail can send a tangible image of the PAN card to your registered address. The PAN application may also be online, but for final verification, the required documents will still need to be physically sent.
8. A Tax Account Amount (TAN)
A Tax Deduction Account Number or Tax Collection Account Number (TAN) is a specific number provided by the Income Tax Department to all organisations needed to either deduct or raise tax at source.
To receive this amount, Form 49B must be completed and sent to a TIN Facilitation Center. Once confirmed, the application is sent to the Income Tax Department and the TAN is released. The application can be done offline or via the NSDL website.
9. Obtaining a State / Municipal Inspector certificate under the Shops and Establishment Act
A statement that includes the employer / manager 's names, company 's designated name and permanent postal address and business category must be provided to the State Shop and Establishment Inspector along with the payment of applicable fees. This is a crucial move in registering trade licences since all businesses must be licenced within one month (30 days) of starting their company.
10. 10. Requesting GST registration
GST registration is mandatory for any entity seeking to provide goods and services across states while maintaining an annual aggregate turnover of more than INR 40 lakhs/20 Lakhs. This should be prioritised above all other registration process. For further details on GST registration and documentation needed for entry, please follow the connexion below.
If you are a seller or plan to be a seller on Amazon.in (except: if you only deal with GST-exempt categories).
11. 11. Obtaining a tax certificate from the State Tax Office
Every employer (not a government officer) is liable to taxation and must obtain a registration certificate from the relevant authority. A company shall, if applicable, file Form 1 to the State Professional Tax Office to apply for a Professional Tax Certificate.
12. 12. Completing a Provident Fund for National Employees
Every employer must provide the local Employee Provident Fund Organization (EPFO) with worker information. This must be achieved in the specified way, such that the organisation may obtain an Institution Code Number (ECN). This procedure falls under the employer's exclusive purview, and workers should not render different applications. Notice that this would only be necessary if the terms of the Provident Fund and Miscellaneous Provisions Act, 1952, extend to the company.
Of course, once you're actually off the ground, you'll need to be willing to market your product line too. And the best way is to sell Amazon online. Through its extensive online sales expertise, Amazon is able to support you reach your company objectives.
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