5 Things you must have before incorporating Company – New company registration checklist 2017

1.0 Introduction

Information Technology is one of the most significant achievements that transformed our economy completely; technological development in the 21^st century has revolutionized the man’s way of working.

Technology has impacted all of us and even did not spare the government authorities. The Ministry of Corporate Affairs (MCA) adopted the technology back in 2008-09.

2.0 MCA Initiative – How Incorporation process transformed in 2017

The Ministry of Corporate Affairs (MCA) took a wide step in the direction of ease of doing business when company registration procedure time was reduced to one day.

As said, a single form was introduced by the government Spice (INC 32) which replaces the existing forms like INC 29 etc.

Form INC-32 is the single form which provides multiple services it has simplified Procedure for incorporating Company Electronically and it is also known as Fast track incorporation of the company which reduces the time taken for processing company incorporation.

Let us now discuss the common checklist for company registration procedure

Here are 5 things you need for company registration in India:

#Requirement No.1 – Arrange all required documents for Company Registration

The very first requirement for every entrepreneur who is undertaking the incorporation of a company is to arrange all the valid and necessary documents. This is because if you do not have all valid documents, then you cannot proceed to next step.

Personal Documentation

Here is the list of documents required for registering a company online in India:

• PAN card of every director and shareholder
• ID proof – anyone – (Driving license, passport, Aadhar card, voter ID card)
• Address proof – (Electricity bill, mobile bill, telephone bill, bank statement)
• Passport size photograph

Further, apart from above, some personal information is also required to date of birth, occupation etc.

Once your personal documentation is complete, we shall now proceed to the documentation of registered office.

Documentation for registered office

Here is the list of documents required for registered office:

• Ownership proof or rent agreement
• Electricity bill of the owner
• Copy of NOC

#Requirement No.2 – Select the number of founders

The next step is to select the number of founders or partners. The minimum numbers of partners you must have are as follows:

• Private Limited Company – Minimum two directors
• Public Limited company – Minimum seven directors
• Limited Liability Partnership (LLP) – Minimum two partners
• One Person Company (OPC) – Minimum one person

#Requirement No.3 – Obtain Digital Signature Certificates

The third requirement is to obtain digital signature certificates (DSC). DSC is one of the most important aspects for forming the company in India. This is because all the form under MCA is signed through DSC.

#Requirement No.4 – Select the company name

The fourth requirement is to select the company name. Company name should be unique and should serve as your brand name. Further, in total 6 names should be selected out of which one is approved by the ROC.

#Requirement No.5 – Apply for incorporation of Companies

The fifth requirement is to apply for incorporation after preparing all the required documents. The incorporation should be applied via spice from INC 32. Further Memorandum of Association (MOA) and Articles of Association (AOA) are also prepared digitally.

3.0 Conclusion

If you are looking for registration services and would like to know more feel free to contact us at info@hubco.in and get a free consultation.

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