{"id":38452,"date":"2021-12-06T16:32:49","date_gmt":"2021-12-06T11:02:49","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=38452"},"modified":"2025-03-04T18:10:08","modified_gmt":"2025-03-04T12:40:08","slug":"incorporate-a-company-in-india","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/incorporate-a-company-in-india\/","title":{"rendered":"How to Incorporate a Company in India: Complete Guide"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Starting a business can be an overwhelming experience for those who are new to the business fraternity. Everything needs to be on point, from competitive analysis to prevailing legalities while underpinning the foundation of a new business. This article deals with the legalities aspect and lets you know how to incorporate a company in India as per the Companies Act, 2013.<\/p>\n\n\n\n<p><strong><em>Note: The following incorporation process\napplies to the business structures like OPC, private limited company and public\nlimited company only. If you seek to operate as an LLP or partnership firm then\nconsider our separate write-ups. <\/em><\/strong><\/p>\n\n\n\n<p>Partnership firm registration seeks the drafting of a partnership deed that encloses some mandatory clauses. It is essential to avail of professional services for drafting purposes. Once drafted, the partnership deed seeks the approval of the RoF of the respective state. In the case of LLP incorporation, the applicants must file a prescribed form called FiLLiP. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Steps to Incorporate a Company in India <\/h2>\n\n\n\n<p>Following is the detailed process to incorporate a company in India. Make sure to apply to follow this process without skipping any of the steps.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 1: Find a viable business\nstructure<\/h3>\n\n\n\n<p>Selecting the apt legal structure for\nyour business commences with identifying your company&#8217;s goals and considering\nstate and central laws. By defining your goals, you can opt for a legal\nstructure that offers the best fit for your requirement. As your business\nevolves, you can change your business structure to fulfil your needs.<\/p>\n\n\n\n<p><strong><em>Typical parameters that need to be worked\nout while opting for a suitable business structure<\/em><\/strong><\/p>\n\n\n\n<ul>\n<li><strong><em>Management\nstructure <\/em><\/strong><\/li>\n\n\n\n<li><strong><em>Scope\nof operation<\/em><\/strong><\/li>\n\n\n\n<li><strong><em>Level\nof compliances <\/em><\/strong><\/li>\n\n\n\n<li><strong><em>Ease\nof third-party funding for further expansion <\/em><\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong><em>Following are the business structures\navailable under the Company Act, 2013 <\/em><\/strong><\/p>\n\n\n\n<p><strong><em>OPC\n(One Person Company)<\/em><\/strong>\n(Suitable for businesses with smaller management hierarchy and one director who\nact as an owner)<\/p>\n\n\n\n<p><em>Private limited company<\/em> (Preferably one the most popular business structures in India)<\/p>\n\n\n\n<p><strong><em>Public\nlimited company<\/em><\/strong>\n(preferred by large organizations)<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 2: Complete the paperwork formalities<\/h3>\n\n\n\n<p>Once you have selected a suitable\nbusiness structure, it&#8217;s time to arrange the mandatory paperwork. Following are\nthe standard documents that are required to be uploaded on MCA&#8217;s portal during\nthe incorporation process.<\/p>\n\n\n\n<ul>\n<li>Memorandum\nof Association i.e. MOA;<\/li>\n\n\n\n<li>The\nArticles of Association, i.e. AOA;<\/li>\n\n\n\n<li>Declaration\nby the directors as well as by the subscribers;<\/li>\n\n\n\n<li>A\nconfirmation about the office address;<\/li>\n\n\n\n<li>Utility\nbills;<\/li>\n\n\n\n<li>A\nresolution issued by the global company (if necessary);<\/li>\n\n\n\n<li>Certificate\nof incorporation of the outer nation body corporate (If applicable);<\/li>\n\n\n\n<li>The\ninterest of the directors from other organizations (if required);<\/li>\n\n\n\n<li>A\nrecommendation conferred by the promotional company (if required);<\/li>\n\n\n\n<li>Nominee&#8217;s\nassent;<\/li>\n\n\n\n<li>Residential\n&amp; identification proof of the applicants<\/li>\n\n\n\n<li>Identity\nproof as well as residential address of the nominees as well as subscribers;<\/li>\n\n\n\n<li>The\ndeclaration or resolution passed by the non-incorporated entities;<\/li>\n\n\n\n<li>Any\nother document [If required]<\/li>\n<\/ul>\n\n\n\n<p><strong><em>For AGILE-PRO:<\/em><\/strong><\/p>\n\n\n\n<ul>\n<li>Proof\nregarding the principal place of business;<\/li>\n\n\n\n<li>Evidence\nregarding the Authorized Signatory&#8217;s appointment for GSTIN;<\/li>\n\n\n\n<li>Copy\nof Resolution or Authorization letter passed by the BODs;<\/li>\n\n\n\n<li>Managing\nCommittee &amp; Acceptance Letter<\/li>\n\n\n\n<li>Specimen\nSignature of Authorized Signatory for EPFO<\/li>\n\n\n\n<li>Proof\npertaining to Authorized Signatory&#8217;s identity for the opening of a bank account<\/li>\n<\/ul>\n\n\n\n<p><strong><em>Declaration of directors and subscribers<\/em><\/strong><\/p>\n\n\n\n<p>The declaration in the form, viz INC-9 of\nthe directors and subscribers, should be provided with the authority via\ndigital mode. The applicant has to submit the recommendation affixed with a\ncertificate approved by CA CS &amp; Cost Accountant.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 3: Secure Digital Signature Certificate, i.e. DSC<\/h3>\n\n\n\n<p><strong><a href=\"https:\/\/corpbiz.io\/dsc-registration\" title=\"DSC Registration\">Digital Signature Certificates<\/a><\/strong> are the digital equivalent of paper or physical certificates. For examples of physical documents is DL, passports, or membership cards. Documents serve as identification proof of an individual for a certain purpose; for instance, a DL specifies someone who can legally drive in a specific nation. <\/p>\n\n\n\n<p>Similarly, a DSC can be presented\ndigitally to prove one&#8217;s identity, access services or data on the internet, or\ne-sign specific documentation. One can secure DSC from MCA&#8217;s recommended\nagencies against requested paperwork and fees.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 4: Register proposed business name via Part A form of Spice+<\/h3>\n\n\n\n<p>The <a href=\"https:\/\/corpbiz.io\/company-registration\" title=\"Company Registration\"><strong>company incorporation<\/strong><\/a> process is initiated by filing the Spice+ form available on MCA&#8217;s website. It is a web-based integrated form that has been introduced by GOI in view of the initiative &#8220;ease of doing business&#8221; in Feb 2020. <\/p>\n\n\n\n<p>This form entails two parts, i.e. Part A\nand Part B. Part A offers the service relating to name reservation which allows\nthe applicant to register their proposed business name in a prompt duration.<\/p>\n\n\n\n<p><strong><em>Part B, on the other hand, facilitates\nthe services relating to;<\/em><\/strong><\/p>\n\n\n\n<ul>\n<li>Allotment of DIN<\/li>\n\n\n\n<li>Allotment of PAN and TAN<\/li>\n\n\n\n<li>Allotment of EPFO registration and <a href=\"https:\/\/corpbiz.io\/esi-registration\" title=\"ESI Registration\"><strong>ESIC registration<\/strong><\/a><\/li>\n\n\n\n<li>Allotment of Profession Tax registration (Maharashtra)<\/li>\n\n\n\n<li>Particulars of Opening the Bank Account for the Company<\/li>\n\n\n\n<li>Allotment of GSTIN<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Step 5: File SPICE+ Part B for Incorporate a company<\/h3>\n\n\n\n<p>Next, down the Spice+ Part B form for\nfilling the given forms:<\/p>\n\n\n\n<p>\u2022 AGILE-PRO,<\/p>\n\n\n\n<p>\u2022 SPICe+AoA,<\/p>\n\n\n\n<p>\u2022 SPICe+MoA,<\/p>\n\n\n\n<p>\u2022 INC-9 and URC-1) and for affixing the\n&#8220;DSC,&#8221;<\/p>\n\n\n\n<p>After filing the requested particulars along with the documents, the subsequent step is to submit the SPICE+Part B on the <strong>MCA portal<\/strong><sup><a href=\"https:\/\/www.mca.gov.in\/content\/mca\/global\/en\/home.html\"><strong>[1]<\/strong><\/a><\/sup>. After submitting Part B, other forms (AGILE-PRO, SPICe+ MOA, &amp; SPICe+ AOA) will also become available.<\/p>\n\n\n\n<p>Besides, INC-9 shall be auto-prompted\nbased on the particulars inserted in Part B of Spice +. After submitting these\nforms, the same can be downloaded, and DSC can be affixed accordingly. Finally,\nthe said forms can be submitted in the order shown below.<\/p>\n\n\n\n<ol>\n<li>SPICe+ Part B ,<\/li>\n\n\n\n<li>SPICe+ MOA,<\/li>\n\n\n\n<li>SPICe+ AOA,<\/li>\n\n\n\n<li>AGILE-PRO,\nINC-9.<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">Step 6: Conduct Pre-Scrutiny Check<\/h3>\n\n\n\n<p>After uploading the said forms, use the\noption called &#8216;Pre-scrutiny&#8217; check located at the bottom of the form. After\nthis, the applicant must tap on the Confirmation tab for the successful\nsubmission of the e-form. After this, a Service Request Number, i.e. SRN, shall\nbe generated by the portal for submitting fee for incorporation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Step 7: &nbsp;Verification of documents and issuance of registration by Registrar<\/h3>\n\n\n\n<p>In this step, MCA shall conduct the\nverification of the documents for flaws identification. The Registrar shall\ngrant the COI, i.e. Certificate of Identification, in case of successful\nincorporation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Checklist of uploading\/submitting SPICe+ form to incorporate a company<\/h2>\n\n\n\n<ol>\n<li>The version of PDF should not be dated<\/li>\n\n\n\n<li>Form must enclose the signature of\nDirectors <\/li>\n\n\n\n<li>Digital signatures are verified<\/li>\n\n\n\n<li>Keep the Disqualified Directors out of\nthe equation <\/li>\n\n\n\n<li>Upload the requested documents in the\nprescribed file format and size<\/li>\n\n\n\n<li>Attachments should be free from\nlegibility issues<\/li>\n\n\n\n<li>Signature should not be in copy-paste\nformat <\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion<\/h2>\n\n\n\n<p>Hopefully, now you have learned how to incorporate a company in India, but do not forget to get familiar with post-incorporation compliances or else you may confront severe penalties. The Companies Act, 2013 has laid down various post-incorporation compliances for different companies that functions under its ambit. If you seek end-to-end assistance regarding the same, then let Corpbiz professionals help you out.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/types-of-shares-securities-for-private-limited-companies\/\">Types of Shares \/ Securities for Private Limited Companies<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Starting a business can be an overwhelming experience for those who are new to the business fraternity. Everything needs to be on point, from competitive analysis to prevailing legalities while underpinning the foundation of a new business. This article deals with the legalities aspect and lets you know how to incorporate a company in India [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":38453,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[108],"acf":{"service_id":"1"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":6569,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/38452"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=38452"}],"version-history":[{"count":13,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/38452\/revisions"}],"predecessor-version":[{"id":69026,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/38452\/revisions\/69026"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/38453"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=38452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=38452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=38452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}