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METHODS OF REGISTERING A COMPANY IN INDIA

The methods of registering a company in India are as under:

Step 1 Acquire director identification number (DIN) by filling Form DIN-1. The

temporary DIN is immediately issued which must then be printed, signed and sent to RoCfor its consent along with the identity and address proofs.

The Identity Proof should contain any one of the following:

PAN Card

Driving License

Passport

Voter Id Card

The Residence Proof should contain any one of the following:

Driving License

Passport

Voter Id Card

Telephone Bill Ration Card

Electricity Bill

Bank Statement

Step 2 - Acquire digital signature certificate. This certificate can be acquired from any oneof the six private bureaus sanctioned by MCA 21. Director of the company is required to

submit the recommended application form along with the identity and residence proof.

Step 3 - To attain name of the Company, Form No. 1A should be filled citing the address

of the Registered Office of the projected firm along with the signature of one of the

promoters. A maximum of 6 proposed names can be presented which are verified by RoCstaff for any resemblance with other company names in India. This process takes two days

for attaining consent of the name

Step 4 - Arrange for stamping of the Memorandum and Articles with the appropriate stamp

duty. The price of stamp duty differs from state to state.

The documents should be signed by the firm's promoters after the MOA and AOA havebeen stamped. Besides the promoter's signature, other information which must be filled in

applicant's handwriting is the company's name, description of company's activities and

motive, father's name, address, occupation and number of shares subscribed.

Step 5 - Attain the Certificate of Incorporation from the Registrar of Companies, Ministry

of Corporate Affairs. File e-form 1; e-form 18; and e-form 32 online on the Ministry ofCompany Affairs website. Along with these papers, copies of agreement of the original

directors and signed and sealed form of the Memorandum and Article of Association must

be enclosed in Form 1.

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Step 6 - Make a seal (applicable for the private limited companies). Making a company

seal is not a legal obligation for the firm to be integrated, but firms require a seal to delivershare certificates and other certificates.

Step 7 - Attain a Permanent Account Number (PAN) from National Securities DepositoryLtd. (NSDL) or the Unit Trust of India (UTI) Investors Services Ltd., as outsourced by the

Income Tax Department. Each person is entitled to state his or her Permanent Account

Number (PAN) for the purpose of tax payment under the Income Tax Act, 1961 and theTax Account Number (TAN) for submitting tax reduced at source. One can get PAN

application from IT PAN Service Centers or TIN Facilitation Centers using Form 49A with

the acknowledged copy of the certificate of registration, released by the Registrar of

Companies along with the identity and residence proof.

Step 8 - Attain a Tax Account Number (TAN) for income taxes abstracted at source from

the Assessing Office of the Income Tax Department. The Tax Account Number (TAN) is

required by anyone accountable for deducting or gathering tax. The prerequisites of Section203A of the Income Tax Act state that all individuals who subtract or collect tax at the

source must submit an application for a TAN. The submission for allotment of a TAN mustbe registered using Form 49B and deposited at any TIN Facilitation Center certified to

accept-TDS returns.

Step 9 - Enroll with the Office of Inspector, Shops, and Establishment Act(State/Municipal). Under this procedure, a proclamation incorporating the names of

employer's and manager's and the establishment's name (if any), postal address, and group

must be delivered to the local shop inspector with the pertinent fees.

Step 10 Register the company for Value-Added Tax (VAT) at the Commercial Tax

Office (State). Registration of VAT requires filling up of a prescribed Form along with thefollowing documents:

Attested copy of the memorandum and articles of association of the company,

Residence proof,

Proof of location of company,

Applicant's one current passport-sized photograph,

Copy of PAN card,

Challan on Form No. 210