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REGISTER a company or firm in India (COMPLETE PROCESS to register BUSINESS- Pvt Ltd, LLP & OPC) - YouTube
Channel: Siya Vibes
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You want to register your company
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But, do not know how?
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Then, this video can help you
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Hi guys, welcome to Siya Vibes. My name is Siya
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Today, we will discuss step by step
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how can you register your company
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We will discuss about important documentation
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Then we will discuss what and how to register
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three different types of companies, in detail
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Understand it well,
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so that next process becomes easier to understand
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First basic requirement is company owner's ID proofs
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like PAN or Adhar card
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Next, you need an office address
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You might work from home
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and want it to be your office address
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In that case, you have to make sure that all the legal
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documents and couriers are sent on that address
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Also, do check if you are allowed to put a hoarding
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in the society
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Then, of course, you need a bank account
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Keep your business and private bank account separate
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In fact, it is necessary to have a separate bank account
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If you are registering as a company
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Next, you definitely need a name for your business
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If you want a separate video on how to decide
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your company name
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Do let me know in the comments below
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But, right now, you should know that
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your name should get approved
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So, be careful while choosing the name and it needs to
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be approved before incorporation of your company
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Next document is DSC
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DSC stands for Digital Signature Certificate
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These days, there are many online documents
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You can use this for signature in those e-form
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Keep in mind, it is an authorised document
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and only authorised person can use it
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If 5 people are starting this company,
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then everyone will have a separate DSC
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Next thing is DIN
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Director Identification Number
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Like every individual has a PAN card
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Similarly, every director has an identification number
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In case of LLP or LLC, you don't need a DIN
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You can take a designated partner identification number
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But, if you already have DIN, then you don't need DPIN
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Next is Memorandum of Association or MOA
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Along with this, there is Article of Association or AOA
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MOA mentions your company objective
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details of shareholders, registration office
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what to do in case of liability, profit distribution
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how will the company be operated
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All these things are mentioned
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This is like charter of your comapny
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which is available to public too
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AOA is your company's internal document
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which contains its rules and regulations
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and what to do and how, all this is mentioned
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for internal people only
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With these 8 documents, you have to submit
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a declaration which confirms that you will meet
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all the legal compliance
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How can you register your own LLP
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First step is to obtain DPIN
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If you have DIN, the you don't need DPIN
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You can obtain both of them by DIR-3 form
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I'll give the link in the description box for the form
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You have to submit your original and self attested
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copy of the KYC documents
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Along with DIR-3 document
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And you will get your DPIN within 3-4 working days
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As there are more than 2 partners in LLP
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So, everyone has to obtain their own DPIN
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Next is DSC, Digital Signature Certificate
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Through this you can sign all the digital documents
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It is also compulsory
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You can check the certified authorities' details
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on mca portal
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I'll, again, put the link of the certified authorities
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along with this, you can apply for DSC
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and you'll get it in 3-7 working days
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As, you are member or director of the company
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In that case, click on director in the portal
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Besides them, professionals can also obtain them
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The higher management of the company like CEOs,
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CFOs or General managers, can too obtain their DSC
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Selecting on their specific role
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Click on director and they will verify
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the documents you had submitted in DIN
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If the details are matched, then you'll be verified
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and you can obtain your DSC
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Once you have DIN and DSC,
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you have to register in the mca portal
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After registration, you have to apply for name approval
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For name you have to fill form-1
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and form-2, for Incorporation
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Within 30 days of filling form, you have to ensure
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you have limited liability partnership agreement
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You need separate bank account and a registered office
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for your company
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In this particular case, you can open a bank account
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after name approval
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For registered office, you need 2-3 months
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utility bills as a proof like electricity bill
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To ensure that you are working there
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In this too, obtain your DSC, Digital Signature Certificate
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of which we have already discussed
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You can obtain it from any certified authority
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It's link would be in the description box
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Next step will be to fill a SPICe form
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SPICe is Simplified Per forma for Incorporating Company electronically
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Along with SPICe, SPICe+ has also being launched
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for enabling new entrepreneurs to register and
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start their company quickly
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In this form, there are two parts, Part-A and Part-B
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Part-A has name approval
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When you enter your name, you can check
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if the name is available or not, through auto-check
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does it follow the guidelines or not
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and you can apply for a name, approved by auto-check
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After this, form-B has 4 main documents
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First, Incorporation from
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then, director identification number
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Then, your PAN and TAN will be generated
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After filling all the form and converting it into pdf
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and attaching it with DSC,
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basically signing it electronically
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you can upload it in mca portal
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You can upload an electronic version of MOA and AOA
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If your company has less than 7 members
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and all of them are in India
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Then you will need utility bills for registered office
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And a declaration, that you are following every norm
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and abiding the compliance
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The consent form and other details of the
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nominee is also required
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Besides this, more documents are required
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depending upon the type business you are registering
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like if you are starting import export business
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IEC is required, Import Export Code
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If you are selling goods and services through a shop
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in that case, documents establishing that you obey
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Shops and Establishment Act are required
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GST number, bank account details,
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then professional tax, depending upon your state
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ESIC and EPFO, i.e, your employee's state insurance
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All the documents have to be submitted by a CA
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Advocate or a Cost acountant
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You have to ensure that the person verifies all
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your documents and helps you in every process
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But, again, you must know how to register the company
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and the processes related to it
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If you want a good CA or advocate
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then you can mail me to discuss
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In this too, you have to make your DSC
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Then you have to fill SPICe form, name approval
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you will need PAN, TAN, DIN and
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have to fill company incorporation forms
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Again, you should have a separate bank account
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And along this, you can submit AOA and MOA online
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If you are a resident of India and staying in India
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In that case, you can fill e-forms
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you don't need to upload manual forms
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So, I hope you have the clarity for registration process
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I would recommend that you get your business registered
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If you want to register as a sole proprietorship
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or partnership, which are not like a company
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Then, we will discuss about it in next video
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Or we could do a live stream,
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in which, we can discuss about it
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and can also take your business and career related queries
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