India offers companies a large, built-in and dynamic potential market to explore, with a population of more than one billion.To establish your company's legal presence in India, you need to register your business and file appropriate forms with the Indian authorities.
Step 1: Understand India's culture.
Before you register your company in India, it's a good idea to know some basic facts about the country, its population and business practices if you're not familiar with it.Getting to know the landscape of India will make it easier to register and conduct your business in the country.The United States and India both conduct business on the basis of transactions.More than focusing on specific transactions, knowing the right network of people is likely to further your business.Knowing cultural differences is important.Cows are considered holy animals in India.If you're interested in selling beef in India, you would want to know if and where this type of business is possible.
Step 2: If you don't have any information about the Indian business authorities, befriend them.
All companies in India fall under the Companies Act of 1956, which allows the government to regulate all aspects of a business.You can register your company online with the Indian government's RoC.Under the jurisdiction of the Ministry of Corporate Affairs, the RoC is responsible for the administration of businesses under the Companies Act.
Step 3: Pick a possible name for your company.
To register a company in India, you must have a unique company name approved by the RoC.It's a good idea to have at least four potential names for your company, in case another entity is registered under that name with the RoC.If you don't know the language or culture of India, you can avoid choosing names that might offend potential Indian clients or be rejected by Indian authorities.You cannot use a name that implies a connection to government or international organizations.The name of the Indian market could be changed to attract more clients.
Step 4: If your choice of company name is available, you can check online.
It's a good idea to have your company name in place before you register it.You can check if other companies are registered under the same name on the Indian Ministry of Corporate Affairs website.
Step 5: The Ministry of Corporate Affairs has online applications for the Director Identification Number.
You have to apply for a DIN before you can register your company.The current or intended director of your company in India is identified by this unique number assigned by the Ministry of Corporate Affairs.The forms DIR3 and DSC can be found online at the Ministry of Corporate Affairs' website.You'll need your passport, proof of address, educational qualifications and current occupation for both documents.You need a passport-sized photograph as well.
Step 6: Register for a digital signature certificate.
Digital certificates, or DSCs, are similar to paper certificates in that they can be presented to prove your identity, access information on the internet or sign documents digitally.The Ministry of Corporate Affairs has a website where you can register for the DSC.The Ministry of Corporate Affairs requires companies to have a DSC.You need the same identification documents to get a DSC, including passport and proof of address.
Step 7: Take the application materials with you.
You're ready to prepare the company's registration application once you've checked company names and obtained your DIN and DSC.You can find all of the required forms on the Ministry of Corporate Affairs website.
Step 8: The form is complete.
The naming of your company is governed by this form.A maximum of six possible names should be listed in order of preference.
Step 9: To apply for the company name, you have to file eForm 1A.
The company name will be approved by the RoC based on availability and appropriateness.The RoC usually takes two days to approve one of your name choices.You will have to pay a fee for this form.You have six months to register your company after the RoC approves it.
Step 10: The Memorandum of Association and AoA should be drafted.
The company's business objectives and daily operations can be contained in these documents.The business objectives are contained in the Memorandum of Association.The daily operations of the company are contained in the articles of association.Each document needs to be signed by at least two members of the company.One witness must be present for the signatures to be valid.
Step 11: You can vet the MoA and AoA online.
You can file the documents online with the RoC.
Step 12: The MoA and AoA can be printed.
After the RoC approves your MoA and AoA, prepare the documents to be notarized by printing them.
Step 13: The MoA and AoA should be signed.
These documents will be submitted to the correct authority for the Indian geographic region in which you register your company.You can file these documents online with your other completed application materials once you have a notarized copy.
Step 14: You can pay the registration and filing fees online.
Before you can apply for registration with the RoC, you need to pay the prescribed fees at the Ministry of Corporate Affairs' website.The fee is based on the company's capital assets.
Step 15: To file your application, find the corresponding RoC office.
If you want to register your business in India, you'll have to file your application online.The RoC has offices that are responsible for specific states and regions.
Step 16: Take your application documents with you.
To file the registration of your company with the RoC, you'll need to have the documents you prepared uploaded to the Ministry of Corporate Affairs website.You can register your company online at the Ministry of Corporate Affairs.The RoC considers a complete application to include the following documents, in duplicate: a stamped MoA, stamped AoA and a copy of any agreements referred to in the articles.Receipt of payment for the registration and filing fees is included.
Step 17: Attach your application to the RoC.
You are ready to electronically file with the RoC if you have gathered all of the required application materials.The Ministry of Corporate Affairs has a website.There is a prompt for you to upload all application materials, from the DNI and DSC to the MoA, AoA and receipts of payment for registration fees.
Step 18: The certificate is needed to collect it.
If the documents are satisfactory, the RoC will issue the certificate.If the RoC does not find the application satisfactory, you will be informed as to what documents are missing or what information you need to provide on the forms.When you've made the necessary changes, you can re-file your application.
Step 19: Do business!
You are ready to conduct business in India once the RoC issues your Certificate of Incorporation.