Guide to Company Registration in India: Process, Preparation of Documents and Quick Formation Methods
Indian company registration process in detail:
I. Preparatory phase
1. Establishment of a corporate structure
As there is a minimum capital contribution of Rs. 100,000 in India for the registration of an Indian company by a foreign investor, the shareholders need to negotiate with each other to determine the appropriate amount of capital contribution and shareholding. Indian company registration requires at least two shareholders, there is no clear limit on the nationality of the shareholders and the proportion of shares. At the same time, it is necessary to determine in advance the permanent resident director in India.
2. Dual certification backup
Dual certification materials are registered Indian companies in the domestic mainland need to review the identity of the information, including shareholders and directors of the ID proof and address proof. if the shareholders are legal persons, you also need to submit the board of directors resolution information. The process of double authentication includes: notarisation by local notary public, authentication by Chinese Ministry of Foreign Affairs or Foreign Affairs Office, and authentication by Indian Embassy or Consulate.
Second, the specific process of Indian company registration
1. Verification of names
Shareholders are required to submit five names for company name verification by the Indian side, which will be done in the order of the names in descending order, with the first name approved prevailing.
2. Application for the production of a DSC
Registration of an Indian company requires the company director to prepare the application materials, unified application to the Indian side of the electronic signature of the director (DSC) production.
3. Access to DIN
Once a director has applied for an e-signature DSC, he or she will be able to obtain a Director Identification Number (DIN), which is a unique identification number for each director.
4. Application for company registration
After completing the DSC and DIN, proceed with the company registration application. If cleared, MAC will issue a letter of permission to register the company for Indian company registration.
5. Production of company incorporation documents and certification of signatures
After obtaining the letter of permission, the lawyer draws up the Memorandum of Association (MOA), Articles of Association (AOA), DIR2, INC9, INC10 and other documents, which are signed by the shareholders and directors for secondary certification.
6. Application for incorporation
After certification the material is submitted for approval of the application, a certificate of incorporation will be issued. After that application to get permanent account PAN card, tax account TAN code.
7. Opening of accounts, capitalisation
Open a company account with a designated bank in India (preferably ICICI Bank) and complete the capital injection within the specified time.
8. Completion of FD
Completion of the FDI marks the successful establishment of the company.
9. Refinement of applications for various tax codes
Obtained various certificates including GST (Service Tax Number), IEC (Import and Export Certificate), etc.
Atpay - We are a professional provider of payment solutions, deeply involved in payment services in India, providing payment functionality to countless clients at home and abroad. We specialise in payment integration and high risk payment processing, enquiries and conversations are welcome.
Chinese
Leave a Reply