HOW TO START A COMPANY IN INDIA

 To have a legal stability and a better white paper, every company needs to be registered and for there is a step by step process which is very easy. A company is an artificial, judicial person that has a separate legal entity and a common seal. A person who is an owner of the prospective company can be differentiated from a company through it's legal existence and he will be the director of the company. 

Step 1: Acquire Director Identification Number(DIN) Every person who wants to be a director of a company requires DIN. Only one DIN is allotted to a person and there is a limit to the number of directorship one can hold at a time. DIN cannot be duplicated and a person will inform the company and ROC within 30 days of allotment of the DIN. In case you need to make some changes kindly do that and then intimate the ROC as well.

 Step 2: Acquire Digital Signature Certificate(DSC) Digital signature is the authentication required to get your documents validated. Encryption of the digital signature is important to upload your details on any legal website. There are many organization providing the DSC services according to your organization's type and category. They will charge you for 2 years or 3 years as per the plan chosen by you and then you can use it. It is a combination of public key and private key that are separate for each each user and they are used to authenticate the financial statements as well. 

Step 3: Create an account on MCA Portal ? New user registration MCA portal is the website that will provide you your DIN and you need to create an account of your company by submitting all the documents authenticated by company secretary on the website and register your company there. Kindly recheck the details mentioned as a minor mistake can cost you another application. 

Step 4: Apply for the company to be registered. Now, lastly apply for registration to ROC along with all the documents including details of company, MOA, AOA, Agreement or deed. ROC will allot you your registration certificate if all formalities along with fees are submitted. The registration formality gets over at this stage and your company comes into existence. 

While submitting the details kindly check the name of company, registered office details, director's details, limited by shares or not, unlimited liability or not, AOA, MOA, all the conditions as per Companies Act 2013 are completed and every formality is completed within the time limit. After the registration formalities are completed make sure that you get your company audited as per the time limit applicable and maintain the books of records as per the Companies Act 2013. File your financial statement timely to ROC and have a check on the boards report. The meetings of the board should also be conducted as per the condition applicable in accordance to Companies Act 2013.  

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