A company may be an incorporated company or a “corporation” or an unincorporated company. Corporation is generally known as an association of persons incorporated to the relevant law and clothed with legal personality.
The word corporation or also called as Body corporate is and are used in Companies Act, 1956. A corporation sole is a single individual constituted as a Corporation in respect of some office held by him.
Below are the simple
processes for company registration.
1.
Apply Directors Identification
Number (DIN).
DIN
is mandatory for all directors of a company. Each proposed directors can obtain
this number using his address proof and identity proof.
2.
Apply for Digital Signature
Certificate (DSC).
Company
registration in India is an online process where all the required documents are
being filed online. These electronic documents need to be signed using DSC. For
this one of the proposed director need to take a DSC.
3.
Select and Apply the Name for the
company.
Select
few names for your company. The Company name guidelines in India have been
liberalised in par with international standards. Make the application for
company name.
4.
Execute Company Registration
documents.
Once
the company name is approved, execute the company registration documents viz,
Memorandum of Association and Articles of Association.
5.
Apply for registration of
Company.
Once
Memorandum of Association and Articles of Association are executed, the same
has to be filed online to respective Registrar of Companies for registration.
The Registrar registers these documents and issue certificate of incorporation.
6.
Other registrations.
One
the company is registered; it needs to obtain Tax numbers such as Permanent
Account Number (PAN), Tax Collection and Deduction Account (TAN) to open a bank
account. It also requires Service Tax Registration, Value Added Tax (VAT)
Registration depends on the nature of activity for functioning.
