Company registration process | How to register a company/startup in India
Friends, you can see different types of business ideas and unique marketing strategies on our website. And today we are going to tell you about such a business. Today we will tell you How to Register a Company Name.
You may have heard almost everyone say that money is available only if you do business, and not everyone does business. Yet people take this risk. And go ahead with the business of your choice. Hey for small but starting a company is the best option in case of a business. Because the next time you want to grow your business, you need to have your own company. And friends, like every time today we will tell you how to start a company of your own. Let’s get started friends and find out how you can start your own company.
If an acquaintance or friend or relative is already doing business, the best option would be to learn from their experience, or if you want, you can take the help of a business consultancy. Before starting any business, you have to complete some necessary formalities. The World Trade Organization (WTO) has laid down some rules for starting a business in India. And today through this post we will tell you this complete case study in simple words, how you can register your own business. You can read this post in its entirety and read the points carefully.
DIN (Director Identification Number)
To start a business, you must first apply for a DIN or Director Identification Number. And it may take about 1 to 4 days to get this number, you have to pay a little fee to get DIN. If you have got full information about it then you can check it by visiting the website www.mca.gov.in, there you will find the complete information and full details of submitting the form. And if you know the step-by-step details, it will be much easier for you. And know well that a company needs a board of directors to run, and this DIN is for that.
Apply for digital signature
When you get the DIN then you have to apply for the digital signature online, then you get the digital signature certificate, for which you have to spend around Rs.400 to Rs.2700. A digital signature is a digital version of your handwriting, a digital signature you can need every time you run your company.
When you have completed these two steps, then the real step comes where you need to register your company.
Register company name
We always want our name to be our identity, and in the same way a company name is a company identity. So for this you have to decide the name of the company which will not match the name of any other company. For this you have to think of the unique name of the company. You will need a minister of corporate to register a company. And for this you have to apply for the register of company in the ministry of corporate affairs, and it can take about 2-3 days. To register the name of the company you have to deposit 1000 rupees registration fees. When your company name is registered, then you need to make a stamp in your company name which can cost up to Rs.500-700. After the company makes the stamp, you have to pay the stamp duty which is done online.
And along with this you have to submit some necessary documents online to register the company. And this whole process takes about 4-10 days, and at the same time it costs about 25 thousand rupees, which can be more or less. If you do not have any information about this, you can hire a CA who will guide you completely in this regard, and he will do all this work.
Company PAN card name
After registering in the company name, you will need to create a PAN card in the company name, which will help you with the company’s transactions. And PAN card will come in handy for income tax when your company is established. It takes about 7-10 days to make a PAN card in the name of the company and costs around Rs 150.
Company tax account number
After getting the PAN card, you need to get the tax account number from the Income Tax Department. So that you can file taxes in time. If you want to know more information about Tax Account Number (TAN) then you can visit the official website of NSDL to know the complete information about TAN. Where you can find the necessary information about TAN and details about the registration process. And in this profession you have to have a register office address for the company, when you apply for the register of companies of the ministry of corporate affairs, you have to give a register office address. This is why you need to provide an office address so that you know from which address your company operates everything, where people will communicate with you. And it needs to have a legal address to dispatch any documents, couriers or letters.
Provident Fund Registration
If your company has 20 or more employees then it is mandatory for you to register with the Provident Fund as per government rules. EPF means it will take you about 12 to 13 days to register with the employee provident fund. If you do not have complete information about this, you can hire a lawyer who will help you register the company.
Company Medical Insurance Register
After registering the Provident Fund, you also need to register the company Medical Insurance for yourself, which means you have to register the ESIC, which will take you about 9 to 10 days. Employees of your company do not have to spend much for the disease after registering ESIC. Because paying a minimum fee gives health insurance to your company’s employees and their families.
Company registration format
When registering a company in your field, you have the option in which format you want to register your company, such as –
- Private limited company
- Public limited company
- Limited liability partnership
- Sole proprietorship
- One person company
- Partnership firm
We have discussed about company registration type in our previous posts, you can check our previous posts for your knowledge.
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