procedure for online registration of company under companies act 2013
Step-by-Step Guide to Online Company Registration under Companies Act 2013 in India
Introduction:
In today’s digital era, the Indian government has taken significant strides to simplify and streamline the company registration process through the introduction of online registration procedures. The Companies Act 2013 provides the regulatory framework for establishing and managing companies in India. This article aims to guide Indian entrepreneurs through the step-by-step process of online company registration under the Companies Act 2013.
Step 1: Obtain a Digital Signature Certificate (DSC):
A Digital Signature Certificate is a secure digital key issued by the certifying authorities to verify the authenticity of the individuals involved in the registration process. To acquire a DSC, applicants must submit their identity and address proofs along with the completed DSC application form.
Step 2: Acquire Director Identification Number (DIN):
To register a company online, at least one director must possess a unique Director Identification Number (DIN) issued by the Ministry of Corporate Affairs. An application for DIN can be filed online by submitting the requisite identification and address proofs.
Step 3: Obtain a Unique Name for the Company:
Choosing a unique and suitable name is crucial for successful company registration. Entrepreneurs can check the availability of their proposed company name through the Ministry of Corporate Affairs’ online portal. Once a name is deemed unique, an application for name reservation can be made online along with a prescribed fee.
Step 4: Fill-in the Incorporation Documents:
To register the company online, applicants have to draft the Memorandum of Association (MoA) and Articles of Association (AoA). These documents outline the objectives, rules, and regulations of the company. The MoA and AoA, along with other necessary supporting documents, need to be submitted online in the prescribed format.
Step 5: File the e-Form SPICe (Simplified Proforma for Incorporating Company Electronically):
The SPICe form serves as an all-in-one application for company incorporation. This form combines the steps of obtaining a DIN, name reservation, and incorporation documents into a single application. Entrepreneurs need to fill in the required details, attach the relevant supporting documents, and submit the e-Form SPICe online.
Step 6: Verify the Application:
Once the online application is submitted, it undergoes rigorous scrutiny by the Registrar of Companies (RoC). The RoC verifies the authenticity and accuracy of the information provided. If any discrepancies or modifications are required, the RoC may request additional documents or information.
Step 7: Certificate of Incorporation:
Upon successful verification, the Registrar of Companies issues the Certificate of Incorporation along with a unique Corporate Identification Number (CIN). This certificate serves as legal proof of the company’s existence and allows it to commence its operations.
Step 8: PAN and TAN Application:
Every company is required to obtain a Permanent Account Number (PAN) and a Tax Deduction and Collection Account Number (TAN) from the Income Tax Department. These numbers are essential for complying with taxation regulations, opening bank accounts, and conducting business transactions.
Conclusion:
The online company registration process under the Companies Act 2013 has revolutionized the way businesses are established in India. Through a simplified and efficient procedure, entrepreneurs have the opportunity to register their companies seamlessly, saving time and effort. By following the step-by-step guide provided in this article, Indian entrepreneurs can navigate through the online registration process successfully and embark on their business journey.,
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procedure for online registration of company under companies act 2013
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