India company incorporation

10 steps to incorporating in India

incorporation steps in India

    PRE-INCORPORATION STEPS

  1. Before Healy Consultants commences the incorporation process, we request our Clients to i) sign our engagement letter and courier us ii) the signed letter along with all the required due diligence documents (click link) and iii) settle Healy Consultants’ engagement fees;
  2. Our experts will draft a detailed engagement plan (click link) for our Clients, detailing by week every step towards engagement completion. This plan will optimize work transparency and settle our Client’s expectations;
  3. INCORPORATION STEPS

    Phase 1 – Digital Signature Certificate (DSC) and Director Identification Number (DIN)

  4. After Healy Consultants and our Client agree the corporate structure and our Client provides i) 2 passport size photographs and ii) notarized copies of passport and address proof for each director and shareholder, Healy Consultants will submit a) an application for Digital Signature Certificate (DSC) at a Certifying Authority and b) obtain a Director Identification Number (DIN) by filling a DIN-3 application form together with a signed DIR-4 declaration form on the Ministry of Corporate Affairs (MCA) website;Note: The DSC will enable the Indian company directors to e-sign and upload forms of the Registrar of Companies (ROC) and MCA;
  5. Phase 2 – Company name reservation and company incorporation

  6. After approval of DSC and DIN, Healy Consultants will file the Integrated Incorporation Form INC-29 which includes: company name reservation (Form INC-1), the Memorandum and Articles of Association (MOA & AOA) and subscriber sheets. which must be handwritten and our Client’s signatures must be witnessed by a Public Notary in their home country. No embassy legalization is required;Note: For company name reservation our Client will be required to provide 6 different company name options to ensure approval according to MCA guidelines. Check the availability of company names;
  7. Phase 3 – Corporate income tax registrations (PAN and TAN)

  8. After obtaining the MCA issued Certificate of Incorporation, Healy Consultants will complete online tax registrations with the Income Tax Department (ITD). Healy Consultants will e-file i) Form 49A to obtain a Permanent Account Number (PAN) and ii) Form 49-B to secure a Tax deduction and collection Account Number (TAN). If required, we will also register the company for VAT;
  9. Phase 4 – Corporate Bank account opening and injection of share capital

  10. After PAN approval, Healy Consultants will assist our Client open a local multi-currency corporate bank account with a top tier Indian bank with internet banking facilities;
  11. Once the corporate bank account has been approved, within 2 months our Clients must deposit the minimum share capital amount of US$1,650 (INR 100,000) from their personal bank account to the newly opened corporate bank account.
  12. Our Client provides Healy Consultants the bank transfer advice slip and/or certificate of deposit for the receiving bank in India to issue a Foreign Direct Investment (FDI) Certificate for the Reserve Bank of India (RBI);
  13. POST-INCORPORATION STEPS

  14. Lastly, Healy Consultants registers the new company for medical insurance with the Employee’s State Insurance Corporation (click link) (ESIC);
  15. The process of India company registration is now complete. With the engagement complete, Healy Consultants will courier a full company kit to our Client; the kit includes the original corporate documents, unopened bank correspondence and a feedback form.

Click here to see detailed engagement procedures to setup an Indian limited liability company

Frequently asked questions

Contact us

For additional information on our company incorporation services in India, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Kunal Fabiani, directly:
client relationship officer - Kunal