The initial step in company incorporation is applying for a Digital Signature Certificate for all proposed directors. A DSC is required to securely sign e-forms and submit documents electronically on the MCA portal. This mandatory digital identity ensures authenticity and data security, and it can be issued within just one working day.
The Ministry of Corporate Affairs (MCA) has streamlined the DIN application process, allowing applicants to obtain it directly through the SPICe+ form without submitting a separate application. Every proposed director must have a valid Director Identification Number to be eligible to serve on the company’s board.
In this step, you must secure a unique company name that is not already registered or in use by another business. The chosen name should align with your brand identity, meet MCA naming guidelines, and be reserved through the official approval process to avoid conflicts.
After receiving name approval, proceed to file the SPICe+ form to obtain the Certificate of Incorporation. Attach all mandatory documents, including the Memorandum of Association (MOA) and Articles of Association (AOA). These submissions are then reviewed and verified by the Registrar of Companies before granting approval.
Once the authorities have received and verified your applications and documents, the company will be issued a Certificate of Incorporation. This certificate will include the Corporate Identification Number (CIN) and the official date of incorporation, marking the legal formation of your company.
After receiving the Certificate of Incorporation (COI), you will also be allotted your company’s PAN, TAN, and ESI and PF registration numbers under the new streamlined process. Using the PAN card and COI, you can easily open a bank account in your company’s name, enabling you to commence official financial transactions.