Startup Company Registration Process

The first step in starting a startup is company registration. Operating a company without registration is illegal. In India, startup company registration is done under a prescribed process. The government has now simplified this process so that new entrepreneurs can start a startup without any hassle. Learn about the legal procedures for a startup company...

Things You Will Need

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Method

Choose a Business Entity

Startups in India can be registered in different forms. For example, as a private limited company, which is popular in India. The second is a limited liability partnership, and the third is a partnership firm. Choose the entity based on your needs.

Digital Signature Certificate

A digital signature certificate is essential for a startup. The law requires all directors and partners of the company to obtain a digital signature certificate. This is used for filing with the online Registrar of Companies. Therefore, always keep this in mind when completing the legal procedures for the company.

PAN-TAN Allotment

■TAN and PAN are issued upon company registration. It is crucial to remember these numbers.

■After completing this process, a current account must be opened in the company's name at a bank to facilitate transactions.

■If you wish to benefit from the Government of India's Startup India scheme, registration on the Startup India portal is mandatory. This facilitates tax benefits and funding.

■Documents such as an incorporation certificate and PAN are mandatory for this.

What should the name be?

Whatever name you choose for your company, choose it very carefully. The rule is that the name should not be identical or similar to the name of any previously registered company. Reserve your company's name through the Reserve Unique Name Service on the official website of the Ministry of Corporate Affairs.

How to register a company?

Read the complete rules before registration or seek the advice of a subject matter expert. To register, you must fill out the Simplified Proforma for Incorporating Companies electronically. This requires submitting the company's memorandum of association and articles of association, along with other necessary documents.

Identification Number

Directors of a startup company must go through several legal processes. One such process is obtaining a Director Identification Number. According to the law, all directors associated with the company must obtain a Director Identification Number from the Ministry of Corporate Affairs.