For a limited liability company or a private limited company you need to complete a lot of documentation before starting off your venture formally. Remember, potential investors/banks will always check your company documents before sanctioning funds.
Company Documentation numbersGo to www.mca.gov.in and download the DIN form, which has to be filled up and sent to the ministry of Corporate Affair along with necessary documents. You will need to submit a copy of your company identity proof, personal identity proof, and residential proof. All these documents should be attested by a gazzetted officer.
You will have to procure a digital printed certificate for the latest electronic filing system as established by MCA 21. 6 private agencies including TCS in India are deputed to provide these kinds of certificates. All details of certifying agencies are found on the website of ministry of Corporate Affairs.
The company name should be registered with the ROC on the MCA website where you will have to check periodically to see if the name has been accepted and formally registered.
Since Jan 2010, all stamp duties have to be paid online through MCA website. E payment of stamp duty on company articles and memorandum of Association is mandatory. You will have to fill up 3 forms namely form 1, form 18 and form 32.
The scanned consent copies of all partners/directors along with company documents need to be submitted along with form 1. You can also pay the required fees online through credit card.
On full payment of fees (this depends on your company’s registered capital) and fulfillment of all requirements, the certificate of incorporation will be sent to your company office by speed/registered post. The fee structure in accordance to the share capital is as follows:-
- Rs 4,000 for a share capital under Rs 100,000
- Rs 4,300 for shared capital under Rs 500,000.
- For shared capital under Rs 5,000,000 the registration fees is Rs 4,500.
- For a shared capital under Rs 10,000,000 the fees will be up to Rs 4,600.
- For a shared capital amount under 100,000,00 the fees are Rs 4,650.
(Tax identification Number) is required for Tax deduction. CBDT (Central Board for Direct Tax) banks do not accept tax deductions without PAN and TAN. Further information is available from www.incometaxindia.gov.in, www.utiisl.co.in, www.tin-nsdl.com.
EPF and ESIC registration is a compulsory procedure for all organizations with an employee count more than 20. Provident fund offices (regional centers) should be contacted for these processes.