Company registration process in India

The company acts of 1956 lays down the rules for the establishment of companies covering both private and public sector.  The company can be formed by registering the memorandum and article of association with the state office of the companies’ registrar.

The first step in the process of company registration is the selecting the name and registering with the state office of company registrar. The name has to be approved the by authority.  The name should not match with any other existing company and its last name has to be private limited or only limited as the case may be in relation to public companies. The person seeking registration should mention at least four names in preference. The authority, registrar of companies, takes only seven day to give the approval to the name of the company. In case, a person fails to submit the necessary documents for the registration of the company, he or she has to make another submission for name registration with additional fee. After the announcement of the name, the person has to file the memorandum and article of association with the authority.

Memorandum and articles Company registration consultant in Gurgaon of the association is the most important documents that are submitted for the company registration. The memorandum gives objective of the company and defines its activity and relations with the outside world. The article of association contains rule for the internal management of the company. The registrar of companies gives certificate to the company owner, after receiving, these two documents. After getting certificate, company can commence the business,

Another set of documents, that are part of the documents given at the time of the registration is miscellaneous documents.  This document contains details about the directors, manager, and secretary of the company. And declaration of compliance duly stamped .Besides these documents, the company liable for income or corporate tax must obtain tax identification number and card form the revenue department. The tax deduction number must also be obtained by the company liable to withholding of tax.  These two numbers PAN and TAN must be mentioned in all returns, correspondence and documents related to the income tax and revenue departments.     

Companies having Firm registration services in Gurgaon offices abroad can also open office in India for business activities after getting permission for Reserve bank of India. These offices can be for research, business activities or representing the company in India at various levels.