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Contact SupplierIn India, the process of forming a company is governed by the Companies Act, 2013. Here are the general steps involved in forming a company:
Obtain Digital Signature Certificate (DSC): The first step is to obtain a DSC for the proposed directors of the company. A DSC is an electronic signature that is used to sign the digital documents required for company registration.
Obtain Director Identification Number (DIN): The proposed directors of the company need to obtain a DIN from the Ministry of Corporate Affairs (MCA). This is a unique identification number that is required for all directors of a company.
Choose a name for the company: The next step is to choose a unique name for the company. The name should not be similar to any existing company or trademark.
File an application for name reservation: The company needs to file an application for name reservation with the MCA. The application should include the proposed name of the company and the main objects of the company.
Draft Memorandum of Association (MoA) and Articles of Association (AoA): The company needs to draft its MoA and AoA. The MoA includes the objectives of the company, while the AoA includes the rules and regulations governing the operations of the company.
File incorporation documents: Once the name is approved and the MoA and AoA are drafted, the company needs to file its incorporation documents with the Registrar of Companies (RoC). The incorporation documents include the MoA, AoA, and other required documents such as the consent of directors, declaration by a professional, and address proof.
Obtain Certificate of Incorporation: After the RoC verifies and approves the incorporation documents, the company will be issued a Certificate of Incorporation. This certifies that the company is now registered and incorporated under the Companies Act, 2013.
In summary, forming a company involves obtaining a DSC and DIN, choosing a unique name, filing an application for name reservation, drafting the MoA and AoA, filing the incorporation documents with the RoC, and obtaining the Certificate of Incorporation. It is important to follow the process carefully and comply with all legal requirements to ensure a smooth and successful company formation.