Forming a company in India involves several legal and procedural steps under the Companies Act, 2013. Whether you’re starting a startup or expanding operations, understanding the company incorporation process is crucial to ensure compliance and smooth functioning.

📌 Types of Companies You Can Register

• Private Limited Company (Pvt. Ltd.)

• Public Limited Company

• One Person Company (OPC)

• Limited Liability Partnership (LLP)

• Section 8 Company (Non-Profit)

🛠 Step-by-Step Process of Company Formation

1. Obtain Digital Signature Certificate (DSC)

• Required for all proposed directors and shareholders

• Used for signing e-forms electronically

2. Get Director Identification Number (DIN)

• Mandatory for all directors

• Can be applied through the SPICe+ form

3. Name Reservation (RUN or SPICe+ Part A)

• Choose a unique name for the company

• Check name availability on the MCA portal

• Reserve the name via RUN or SPICe+ Part A

4. Drafting of MOA & AOA

• MOA: Memorandum of Association (defines company objectives)

• AOA: Articles of Association (rules of internal management)

5. Filing SPICe+ Form (INC-32)

A single integrated form for:

• Company registration

• PAN & TAN

• GST, EPFO, ESIC (optional)

• Professional Tax (in some states)

• Opening of bank account

6. Payment of Fees and Stamp Duty

• Based on authorized capital and state of incorporation

7. Certificate of Incorporation (COI)

• Issued by the Registrar of Companies (RoC)

• Includes CIN (Corporate Identity Number)

8. Apply for PAN, TAN, and Bank Account

• These are now part of the SPICe+ form

• Bank account can be opened through linked services

📄 Post-Incorporation Compliances

• Appoint Auditor within 30 days

• Issue share certificates to subscribers

• File INC-20A (Declaration of Commencement of Business)

• Maintain statutory registers and records

• Conduct Board Meetings and Annual General Meetings (AGM)

💼 Advantages of Incorporating a Company

• Separate Legal Entity

• Limited Liability Protection

• Easy Access to Funding

• Enhanced Credibility

• Perpetual Succession