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 the appropriate forms with the Indian authorities.
Step 1: Understand India's culture.
If you're not familiar with the country or haven't visited, it's a good idea to learn some basic facts about it before you register your company.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 in India.If you're interested in selling beef in India, you would want to know if it's 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 name for your company.
To register a company in India, you need 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 can't use a name that implies a connection to government or international organizations.The name of the Indian market should be changed to attract more clients.
Step 4: If your choice of company name is available, 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 website of the Indian Ministry of Corporate Affairs.
Step 5: The Ministry of Corporate Affairs has online applications for the Director Identification Number.
You need to apply for a DIN before you can register your company.The current or intended director of your company is identified by this unique number assigned by the Ministry of Corporate Affairs.The forms DIR-3 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.A passport-sized photograph is required.
Step 6: Register online for a digital signature certificate.
Digital certificates, or DSCs, are the equivalent of paper certificates and can be used 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 your DSC.The Ministry of Corporate Affairs requires all companies to have a DSC.You need the same identification documents to get a DSC, including passport and proof of address.
Step 7: Take your application materials with you.
You're ready to prepare the company's registration application after you've checked company names and obtained your DIN and DSC.You can find all of the required forms online at the Ministry of Corporate Affairs website.
Step 8: The form is complete.
The naming of your company is governed by this form.In order of preference, you should list a minimum of four possible names and a maximum of six.
Step 9: To apply for the company name, you have to file eForm 1A.
The company name will be approved by the RoC.The RoC usually takes two days to approve one of your name choices.You will have to pay a fee to file this form.You have six months to register your company after the RoC approves it.
Step 10: The Memorandum of Association should be drafted.
The company's business objectives and daily operations can be contained in these documents.The company's objectives are contained in the Memorandum of Association.The daily operations of the company are contained in the Articles of Association.Each document must be signed by at least two members of the company.One witness must be present for the signatures.
Step 11: You can file online to vet the MoA and AoA.
You can file your draft 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.
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 if you have a notarized copy.
Step 14: You can pay the 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: You can file your application at the corresponding RoC office.
If you want to register your business in India, you will have to file your application online.The RoC has offices in every state and region of India.
Step 16: Take your application documents with you.
To file the registration of your company with the RoC, you'll need the documents you prepared to upload to the Ministry of Corporate Affairs' website.The Ministry of Corporate Affairs has a website where you can register your company.The RoC considers a complete application to include 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 are included.
Step 17: You can file your application with 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.
If the documents are satisfactory, the RoC will issue the Certificate of Incorporation.If the RoC does not find the application satisfactory, you will be informed as to what documents are missing or what other information you need to provide.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.