Today, thriving India is one among the most suitable, profitable, and preferred destinations in the whole world

for business establishment in diverse economic sectors. Therefore, ours globally admired full-service law firm of India, is offering highly beneficial and precious information about how to establish a company in India, and other tasks for establishment of the company , in any targeted part of the country, by Indian and foreign people and entities. The Ministry of Corporate Affairs (MCA), the Government of India, is the supreme governmental body for registration and regulation of all sorts of companies in entire India. And, pivotal and the most magnificent company law in India is the Companies Act of 1956. For supervising, registering, and regulating companies and all business activities of these, a Registrar of Companies (ROC) who works under MCA, is properly appointed in every major State of India under the Section 609 of this supreme company law of India.

Wise selection of the most appropriate form of a company is the very first step for starting a business or profession in any desired field of occupation and economy. Today, the most prominent, popular, and highly preferred categories of companies in all across India are:

Private limited companies Public limited companies limited liability partnerships unlimited companies

The first two forms of companies are undoubtedly the most famous in India and abroad. Here, we are exclusively offering detailed information about the formation and registration of the Private and Public limited companies in India, for doing business in any fields of the broad sectors of business and commerce, professions, industries, and services. The registration process of an unlimited company is almost the same as that of the limited companies.

To form a Private limited company, at least two members or Director are required,. And, the minimum paid-up capital required is INR-1 Lakh, at the time of incorporation of the company. On the other hand, to form a Public limited company, requirement is seven shareholders at the minimum, and three directors; the minimum paid-up capital is INR-5Lakhs at the time of company incorporation. The maximum number of members allowed to a form a Private limited company is 50; there being no upper limited to the maximum number of shareholders to a public limited company in India.

Before filing the application for company registration, availability of of the proposed company names is ensured. For this purpose, useful link is available on MCA website where we can check the availability of the name of proposed company , but the sole authority for Approval of the name is the discretionary power of ROC

For Acquiring a DIN, a person has to make an application through the Form DIN-1. The following information and documents are required for DIN: Completed DIN-1 Application Form Identity Proof (any one of PAN Card & Passport for NRI) Residence/Address Proof (any one of the document Passport, Election Card or Voter ID Card, Driving License with PIN Code, Telephone Bill, Electricity Bill, Ration Card, Bank Statement certified by the Bank Manager) One Passport Size Color Photograph Educational Qualifications Current Occupation Email Address of the Applicant Mobile/Cell Number An Affidavit ( DIN verification affidavit), notarized on Rs-10/- Stamp Paper, and signed by the Applicant

The digital signature certificate can be acquired from any Licensed Certifying Authority (CA), as per the Section 24 of the Indian Information Technology Act, 2000. The extensive list of all licensed certifying Authorities, together with their individual contact address is obtainable from the portal www.mca.gov.in/-. After obtaining the DSC, a signatory is required to register his/her digital signature with MCA. For these purposes, demanded are a completed DSC Application Form, and above-mentioned documents.

For obtaining the name for your proposed company the Form-1A is utilized, and sent to the ROC of the State, where the company is planned to be located. At least four and a maximum of six proposed names are permitted, in order of preference/priority. The availability or non-availability of any of the selected names is declared generally in a week. After ensuring the availability of any name, the concerned applicant is given a maximum of six months time, for filing application of company registration, along with MOA and AOA, and other documents and information. For a private limited company, the proposed names must end with the wording Private Ltd., and this wording for a public limited company is Limited.

The procedures for registration of both the private limited companies and the public limited companies are also the same. For this purpose, the following forms are to be completed and submitted the ROC of the concerned State of India: --Form-1: --- Application or Declaration for incorporation of a company, along with the MOA and AOA of the company Form-18: --- Information regarding the location of the company. Attached with it will be the address proof, rental agreement, etc. Form-32: --- Information regarding the appointment of the directors, and their personal details. A Declaration/Affidavit from the subscribers/the first directors of the company, at the time of incorporation, as per the General Circular No.- 11/2013, dated 29.05.2013 Payment of ROC Fees and Stamp Duty Form-29: --- This additional form is to be submitted in case of a public limited company. This contains information about the consent of all three directors for acting as the designated director of the company. After examination of all above-listed forms, the Registrar of Companies of the concerned State issues a digitally signed certificate of company incorporation to the directors of the company. After approval of the proposed company name, about one month is taken by all processes of company registration. Again, after getting the certificate of company incorporation, a public company also needs to acquire the certificate of commencement of business, before starting its business operations and activities.

The Permanent Account Number (PAN) is essential for making payment of tax in accordance with the Indian Income Tax Act of 1961. Whereas, the Tax Account Number (TAN) is recommended when a company is required to deduct or collect taxes at source, as per the Section 203A of the Indian Income Tax Act, 1961. All companies and firms which are required to make financial transactions in forms of salaries to employees, consultancy fees, contractual payments, taxable project fiancs, and so on, essentially need TAN registration. Thus, for issuing TCS/TDS certificates, filing TDS/TCS returns, and making TCS/TDS payment Challan by a company, this TAN is indispensable. The Income Tax Department of India has now recommended quarterly submission of TDS and TCS Statements by the concerned business or professional entities. These PAN and TAN registrations are well-facilitated and responsibly regulated by the National Securities Depository Limited (NSDL) of India. The Application Forms for PAN and TAN registrations are Form-49A and Form49B, respectively; which are to be submitted to any TIN Facilitation Centers.