Steps involved in Setting up of a company
- Apply for DIN (Directors Identification Number): The proposed Directors shall make an application for DIN in the Government website using an address proof and Identity proof (foreign nationals, copy of passport are a must as Identity Proof). Once application is ready, same need to be signed after affixing a photograph. The application, address proof and Identity proof documents (if not in English a translation also) need to be notarized for submission to government.
- Apply for Digital Signature (DSC): In India all documents are to be filed with the Ministry of Corporate Affairs are filed online using digital signature. Any of the proposed promoters should obtain a Digital Signature from one of the Certifying Authority in India.
- Apply Name for the Company: After creating of DIN and DSC, immediately we can apply for name. If foreign company is a subscriber to the incorporation documents, and need to use same name for company in India, a no-objection letter from the foreign company is required. Also required a resolution from foreign company indicating their plan for setting a company and to authorise an individual to represt and to ensure that application is with proper authority.
- Incorporation Document preparation: After approval of the name, Memorandum of Association and Articles of Association will be prepared for execution. These documents need to be executed by writing name address of the subscriber by own handwriting and notarized and legalised (either certified by Indian Embassy or apostatized) before submitting to the Ministry of Corporate affairs.
- Incorporation Filing and Registration: The properly executed documents and other papers then filed online (scanned copy) with Government Registrar for incorporation. Usually 2 to 3 days time (if not must rush for incorporation), company will get registered and registrar will issue Certificate of Incorporation. The certificate will be sent to the registered office by speed post by the Registrar.
Read more about Company Registration in India
