Being one of Bangalore's start-up
founders, I can very well comprehend the essence of getting your
company registered. This is so because once you take the decision to register
your company, only then your business idea will take an actual form. From my
personal experience, I can assure you that registering your start-up in Bangalore might
not be a smooth procedure, but if you follow few legal methods then it won't
turn out to be that tedious as well.
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| How to Register Your Start-Up In Bangalore? |
Appointed under section 609 of the Companies
Act 1956, registration for all types of companies in India is supervised by the
Registrar of Companies (ROC). For the easy functioning of registration
processes, each Indian state is assigned with a ROC. The entire process will
involve a number of steps which are briefly mentioned here.
1. Director identification number (DIN) needs
to be obtained online, which will take one day.
2. You need to invest a week's time to obtain
the digital signature certificate. Even this step has to been done online.
3. Reserve your company name with the
Registrar of Companies (ROC) online. This will be requiring two to three days.
4. Print the vetted Memorandum and Articles
of Association. Remember not to delay this step more than six months from name
approval.
5. Get your company documents stamped either
from an authorized bank or from the superintendent
6. Minimum of two subscribers need to sign
your Memorandum and Articles
7. You need to get the certificate of
incorporation, which will again take three to seven days of time.
8. Make a seal
9. You will be needing a Permanent Account
Number (PAN), either from the NSDL or UTI
10. For the deduction of income tax from your
accessing company, you have to create one Tax Account Number (TAN)
11. Register for VAT with the sales tax
officer
12. Register with Employees' Provident Fund
organization
13. Filling for government approval before RBI/FIPB
for foreigners and NRIs
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