Incorporating Companies Online
Q: What is Incorporation? What are the various steps for it ?
A: The process of registering companies with ROC is called incorporation. The Step-by-step process: Required - Present name of company for approval to the Registrar of Companies (ROC); Get the Memorandum and Articles of Association vetted by the ROC and printed.
- Make an application to the Superintendent of Stamps or an authorized bank requesting for stamping of the Memorandum of Association and Articles of Association.
- Present the required documents along with the registration fee to the Registrar of Companies to get the certificate of incorporation
Cost: Rs 500 (Name registration) Rs 4200 (Government fees) Rs. 1500 (Stamp paper charges) Rs 3500 (CA Fees) Rs 2500 (Our Administration expenses and fees) Optional - Obtain a company seal
- Visit the UTI Investors Services Limited to obtain a Permanent Account Number.
- Obtain a Tax Account Number for income taxes deducted at source from the Assessing Office in the Mumbai Income Tax Department
- Register for value added tax (VAT) before the Sales Tax Officer of the ward in which the company is located
- Register for Profession tax
- Register with Employees' Provident Fund Organization
- Register with ESIC (medical insurance)
| Q: Why should I incorporate?
A: Incorporating a business makes it an entity capable of engaging in business with all legalities. Also, this makes the business trustworthy and more comfortable for your customers to do business. | Q: How much is it going to cost?
A: DewCore handles all paperwork related to incorporation for Rs. 2500 exclusive of government fees. Fees for Chartered Accountants, Govt. Fees, Stationery, Stamp Papers, Notaries the total cost is expected to be arround Rs 10,000 for most startups. | Q: What if I have more than 10 questions?
A: Break the questions into sections by subject and give each section a subhead, such as Sales, Products, or Services. | Q: What if I just want to own a company for future without actually doing any business. Is it possible?
A: Absolutely! You just need to file income tax every year for your compnay even if there is not income. Also, you may incorporate the company in the name of your spouse, parents to avert any legalities arising from your present employment. | Q: How much time will it take?
A: There have been cases where with all the documentation in place and some orchestrated legwork we were able to complete it in 24hrs. But typically, this will take about 7 to 15 working days once all documents are recieved from you. For more information or details arround process, please send a mail to info@dewcore.com |
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