How to Register a Company in Coimbatore?

 

The procedure of registration of a company in Coimbatore, one of the fast-developed tier-II cities in India, needs to be followed by a few stages—one critically important officially and operationally. Be it a budding entrepreneur or a grown-up business going for expansion, a better knowledge of registration can drive you through the requirements smoothly.

Different types of companies recognized under Company law:

Private limited company: A private company which is owned by the shareholders but cannot offer its shares to the general public.

Public Limited Company (Ltd.): A company whose shares are available to the public and owned by any member of the public.

Limited Liability Partnership (LLP): This could be the hybrid of both the partnership and the company in which the liabilities are limited up to some extent.

One Person Company (OPC): A Company in which the ownership and operation take place under a single person.

Sole Proprietorship: A business in which a single owner undertakes everything and the business involves no separate entity.

Partnership Firm: A business concern is being managed and run by two or more people have decided to carry business together and share profits and losses in a pre-determined ratio on the basis of a partnership deed.

Procedure to Register a Private Limited Company in Coimbatore

Step 1: Obtaining the Digital Signature Certificate (DSC)

The very first step towards Private limited company registration in Coimbatore is to obtain a Digital Signature Certificate (DSC).

Who Needs DSC?: All proposed directors and subscribers of the Memorandum of Association (MoA) and Articles of Association (AoA).

How to Get a DSC?: You can get a DSC from government-approved certifying authorities. Usually, you have to fill up an application form supported by details of identity and address proof.

Step 2: Apply for Director Identification Number (DIN)

A Director Identification Number (DIN) is required for every director of a company.

Who Requires DIN?: Any individual who wished to be a director.

How to Apply for DIN?—File Form DIR-3 on the MCA portal, accompanied by the director's identity and address proof. In case the director already has a DIN, this step can be eliminated.

Step 3: Name Approval

Appropriate name selection is the most important step as far as the creation of a company's identity goes.

RUN Application: Fill the application in the MCA portal with the RUN facility for reservation of name. The name chosen for the business should be unique and in accordance with the naming standards of the MCA.

Crucial points to be ensured: Its name should not resemble to any other existing company or trademark, and it indicates the objects of the company.

Step 4: Submission of Incorporation Application

Once the DSC, DIN, and name approval are in position, the person can go ahead with the complete incorporation process.

SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) – A single integrated web form that allows an entrepreneur to apply for the company's incorporation and also apply for the DIN (Director's Identification Number).

Reservation of the company's name in Part A.

PART B: Incorporation details such as the nomination/appointment of directors in the company, the company's office and business addresses, and the company's PAN and TAN.

Attachments – The following attachments are required in SPICe+:

 MoA and AoA.

 Proof of office address.

 Declaration and affidavits by both directors and subscribers.

 Proof of identity and address of directors and subscribers.

Step 5: Pay the Fees

The authorized capital decides the type of fees for incorporation. Pay it online through the MCA portal.

Validation and Approval: The Registrar of Companies, after receiving the attachment and declaration form with the documents, would validate them upon the documents and the information.

Certificate of Incorporation (CoI): Once the RoC verifies on compliance issues, it issues the Certificate of Incorporation that demonstrates that the company has been legally born.

Corporate Identity Number (CIN): in addition to the Certificate of Incorporation the company will be allocated a unique CIN

Step 6: Post-Incorporation Compliance

After the company is incorporated, there is yet again another regimen of post-incorporation compliance

Opening a Bank Account: Open a current bank account in the name of the company.

Apply for GST Registration: If your business is registered and the annual turnover is greater than the threshold limit, or you are going to be in inter-state supply, then apply for registration under Goods and Services Tax (GST).

Professional Tax Registration: This varies by state: in the case of Tamil Nadu, if you are an employer, then professional tax registration is mandatory.

Shops and Establishment Act Registration: Apply for registration under the Tamil Nadu Shops and Establishment Act.

Other Statutory Registrations: Depending on your business, you may need additional licenses or registrations such as Importer Exporter Code (IEC) for business involved in import-export.

Key Considerations

Following to be considered, regarding Private limited company registration in Coimbatore.

Legal and Financial Advisory

Going through professional legal and financial adviser can make the process of registration much more accessible, and it can make you free from all the hustle and bustle of the process.

Time Frame

The entire process of registration will usually take from 15-20 working days, provided that all the documents are received in full and amounts to full sanctions.

Compliances

There will be various compliances for after the incorporation of a company, namely annual returns, filing the financial statements, the tax returns, and much more.

Pvt Ltd company registration in Coimbatore follows a detailed and structured process to ensure all the regulatory framework of running a business is completed. If you follow the above steps and take professional help as and where required, you will be in a position to take the complexity out of the registration process and keep your eyes on the growth of your business. New entrepreneurs and businesses are invited to the city of Coimbatore because of a business-friendly environment, locational advantage, and sound infrastructure jointly.