ASSIGNMENT ON THE PROCEDURE TO

INCORPORATE A COMPANY IN INDIA

SUBMITTED BY:RAVINDER SINGH (41)

SUBJECT: LEGAL ASPE CTS OF BUSINESS (103)

BATCH: MBA; SEM - IST

SESSION: 2023-25

SUBMITTED TO: DR. SALONI DEVI

DR.AUBID PARREY

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 TABLE OF CONTENTS

S.NO. CONTENTS PAGE

NO.
1.1 INTRODUCTION 3

1.2 DETAILS OF COMPANY 3

1.3 DETAILS OF DIRECTORS 4

1.4 STEPS AND FORMS FILED BY THE 4-8

COMPANY

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 INTRODUCTION
I will introduce here a hypothetical Company Namely ‘Ravinder transport’ Pvt. Ltd.
The company has been in business for the past 10 years, dealing in all range of transport.
Founded in 2013, Ravinder transport’ has established itself as a leading player in the Indian transportation
market.

1. DETAILS OF THE COMPANY

CIN/LLPIN/FCRN Xxxx
Company Name Ravinder transport’ Pvt. Ltd.

Company No. Xxxx

Company Status Active
Company Category Limited by Shares
Company Sub Category Non-Govt Company
Class of Company Private
Incorporation Date 1st Jan 2013
Date of AGM 30 Sep 2022
Date of Balance Sheet 31 Mar 2023
Listing Status Unlisted
ROC Code Roc-Jammu
Activity Transport
Status Active

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2. DETAILS OF DIRECTORS

Name Designation Date of Appointment

Ravinder Director 01 January 2013

singh

Sidharth Director 01 April 2013

Kotwal

3. THE PROCEDURE FOLLOWED

The procedure we followed was in accordance to our incorporation in the state of Jammu and Kashmir

Here is a step-by-step guide to starting a new company in India using Ravinder transport’ as an
example:

1. We reserved the name of the company by filling out the

RUN (Reserve Unique Name) form on the Ministry of Corporate Affairs website.

They provided two names (Ravinder transport’ and Singh Transport respectively) in
order of preference and followed the naming conventions. Once the name was
approved, it was reserved for 20 days.

They also used the SPICe-32 form to finalize the name, but they could only provide
one option.

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2. We procured a Digital Signature Certificate (DSC).

A DSC is a digital key that holds all the vital information about the registered signatory
like name, address, email, phone number, and the authority which has provided the
certificate.

It enabled the authorized signatory to prove its identity and sign documents
electronically. For e-Filing, DSC was a mandatory requirement. We obtained a DSC
from any one of the authorized agencies approved by the government.

3. We filed the incorporation documents with the Registrar of Companies (ROC) within
20 days of name approval.

The documents included Memorandum of Association (MOA), Articles of Association

(AOA), and Form SPICe (INC-32). We filed these documents online on the Ministry of
Corporate Affairs website.

4. We obtained a Permanent Account Number (PAN) and Tax Deduction and Collection
Account Number (TAN) from the Income Tax Department. They applied for these
numbers online on the NSDL website.

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5. Our company’s turnover exceeded Rs. 20 lakhs, Thus We registered for GST. We
registered for GST online on the GST portal.

6. Commercial vehicle permit by RTO

7. ROUTE PERMIT ON MINISTERY OF ROAD & HIGHWAYS

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8. FINESS PERMIT FROM PARIVAHAN

9. We opened a bank account in the name of the company. We did this by visiting Our
bank branch near us.
10.As We had more than 20 employees, We registered for EPFO online on the EPFO
website.

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11.WE also had more than 10 employees and registered for ESIC. We registered for ESIC
online on the ESIC website.

12.WE obtained a Shop and Establishment Act License from the local municipal
corporation. We applied for this license online on the Jammu and Kashmir Municipal
Corporation website.
13.At last We registered for Professional Tax with the local municipal corporation. We
applied for this registration online on the Jammu and Kashmir Municipal Corporation
website.

Once all formalities are complete, We officially start operating your company.

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