Blog: Company Incorporation

Procedure for Company Formation in India with Registrar of Companies.

Our Bangalore, Karnataka based team can be contacted via telephone (+91 80 65666077) or by email (info@mindworksdata.com) and they will help you incorporate a private limited company anywhere in India.

We need to contact the concerned registrar of companies (ROC) appointed in the State of Karnataka, and file all documents required under the rules and regulations of the Indian Companies Act of 2013. All this can be done online.

Minimum Requirement of a Private Company:

  1. Minimum 2 Shareholders
  2. Minimum 2 Directors (The directors and shareholders can be same person)
  3. Minimum Authorised Share Capital shall be Rs. 100,000 (INR One Lac)
  4. DSC (Digital Signature Certificate) for all the Directors (for applying of DIN)
  5. DIN (Director Identification Number) for all the Directors

Minimum Requirement of a Public Company:

  1. Minimum 7 Shareholders
  2. Minimum 3 Directors (The directors and shareholders can be same person)
  3. Minimum Authorised Share Capital shall be Rs. 500,000 (INR Five Lac)
  4. DIN (Director Identification Number) for all the Directors
  5. DSC (Digital Signature Certificate) for one of the Directors

The procedure:

  • The most important step in forming a private limited company is applying for DIN. Only directors that do not have this need to apply. They need to submit the form to the central government with a fee of rupees1500 per director.
  • Obtaining digital signatures is the next step. The director has to apply for the digital signature certificate. This is necessary to file company registration documents.
  • Submit 5-6 preferred names for your company in order of the most preferred. Check for name availability.
  • Apply for name availability to the concerned ROC.
  • Once the name has been approved, you need to apply for incorporation of the company. For this, you will have to prepare a Memorandum of Association that details company operation and list of directors.
  • Once it is approved, make at least 10 copies of Certificate of Incorporation and Memorandum of Association and have it in a booklet form.
  • You will then have to fill various forms in the ROC.
  • You will have to submit proof of registered address (pan card, voters id)
  • Filling fees for final documents
  • Other government expenses
  • If the registrar is satisfied with all the requirements that have been compiled by the company, they will issue certificate of incorporation. The date mentioned on the certificate is the date of incorporation of the company.
  • Lastly, you can open a current bank account in any leading bank to carry out your operations.

Published by

MindWorks Data Services

Bangalore, Karnataka, India based GST, Financial Accounting, BookKeeping experts