11 steps to incorporating in India in 2024

pay fee by instalmentsbusiness setup without travelGuaranteed solutions

Company incorporation in India follows a complex process, especially when investors and directors are involved who are non-residents of India and are required to secure multiple Government approvals. Please find below information on the steps followed by Healy Consultants Group to assist our Clients complete their India company incorporation projects:

  • Pre-incorporation steps

    1. Engagement with Client: Before proceeding with an engagement, our Incorporation Team will request our Clients to i) complete and sign the engagement letter and return us the same to our office, along with at least 75% of the due diligence documents and ii) settle engagement fees. We then supply a detailed engagement plan detailing each step of the engagement;
    2. Digital Signature Certificate (DSC) (Part I): Our Client provides i) 2 passport size photographs and ii) notarized copies of passport and address proof (e.g. an electricity bill) for each director and shareholder;
    3. Digital Signature Certificate (DSC) (Part II): Our Firm then submits an application for Digital Signature Certificates (DSCs) from the Certifying Authority, which will allow Indian company directors to e-sign and upload forms to the Registrar of Companies and Ministry of Corporate Affairs (MCA);
    4. Director Identification Number (DIN): our team then fills in a DIN-3 application form together with a signed DIR-4 on the Ministry of Corporate Affair’s website to obtain a Director Identification Number for all directors.
  • Incorporation steps

    1. Company name registration with the Registrar of Companies (ROC): Healy Consultants Group prepares and uploads the application in e-Form INC-1 with all relevant details and declarations. For company name, our Client will be required to provide 6 different company name options to ensure approval according to the MCA guidelines;
    2. Obtain the certificate of incorporation: Healy Consultants Group files the SPIC-e Form (Form INC -32), which includes also filling of the Memorandum of Association (e-MOA) and the Articles of association (e-AOA);
    3. Corporate income tax registration (PAN and TAN): After obtaining the MCA issued Certificate of Incorporation, Healy Consultants Group completes online tax registrations with Income Tax Department (ITD). The process requires to 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 also register the company for VAT;
    4. Corporate bank account opening: Our Firm assists our Client to open a local multi-currency corporate bank account with a top tier Indian bank, by submitting a complete and detailed application;
    5. Injection of share capital: Once the corporate bank account has been approved, our Client must deposit the minimum share capital of US$1,650 (INR100,000) within 2 months. Our Client then provides a certificate of deposit to obtain a Foreign Direct Investment Certificate from the Reserve Bank of India.
  • Post-incorporation steps

    1. Application for social security: If necessary, Healy Consultants Group assists our Client to register for social security with the Ministry of Labour & Employment;
    2. Engagement completion: The company incorporation procedure in India is complete. Our Firm then couriers a full company kit to our Client including the following documents: i) original corporate documents; ii) unopened bank correspondence and iii) feedback form.
  • List of documents required for incorporation

    The following are necessary to complete incorporation of company in India:

    • Notarized passport copy and proof of address of all directors and shareholders;
    • Passport pictures of all directors and shareholders;
    • Forms DIR-3 and DIR-6 for DIN application;
    • Form INC-29, INC-1 and MOA&AOA for name reservation and company incorporation;
    • Form 49A for PAN;
    • Form 49-B for TAN;
    • Forms VAT-1 VAT registration;
    • All forms are available for download at the Ministry of Corporate Affairs website.

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

Frequently asked questions

Recruitment questionnaire: India

    • Message from our Chairman

      Dear candidate,

      In 2021, Healy Consultants Group is increasing the strength of our Indian team, hiring 5 more senior accountants and 5 more senior IT Staff. We work Monday to Friday 9am to 6pm. Either from your home or from our Chennai office.

      Since 2003, Healy Consultants Group assists multi-national Clients with business set up in every country on the planet. We need quality Indian professionals to support our international offices and serve Indian Clients.

      Aidan Healy

      Aidan Healy

      Managing Director

    • Message from our Senior Manager

      Dear candidate,

      If you are interested in applying for a position in a young, dynamic international high-tech e-commerce consulting company, please complete the 5 minute questionnaire below. Within two days thereafter, either Mr. Apurv or our HR Department manager will email you to arrange a video call interview. Before your interview, it is wise you are familiar with our business web site.


      Apurv Trivedi

      Senior manager

    • Your contact details

      To help our in-house Human Resource Department communicate with you, I would be grateful if you complete this form:

      1. Your name?*

      2. In which city do you live?

      3. Your email address?*

      4. Your Skype video call ID?

      5. Attach your resume here*

      6. Your cell phone number?*

      7. Your preferred date and time for a video interview?

    • Working with Healy Consultants Group

      To help our in-house Human Resource Department evaluate your ‘fit’ in the organisation, I would be grateful if you complete this form:

      1. Are you willing to move to Chennai?*

      2. What are your monthly salary expectations?*

      3. Are you familiar with our Staff bonus policy (click link)?*

      4. Are you most motivated by results, or relationships, or data?*

      5. How soon can your start work with Healy Consultants Group?*

      6. Are you comfortable reporting to a Manager in an international office?*
        YesNoI don’t mind

      7. Or do you prefer to report to an Indian manager only?*
        YesNoI don’t mind

      8. Would you like to be an employee or independent consultant?*
        EmployeeConsultantI don’t mind

      9. If independent consultant, are you willing to sign an exclusivity contract with Healy Consultants Group*
        YesNoI don’t mind

      10. Indicate proportion of the time you want to spend working from home and working from the office?

        Work from home

        Work from office

      11. Indicate proportion of time you want to spend communicating with our multinational Clients and international Staff?



      12. Indicate proportion of time you want to spend researching technical topics including i) blockchain strategies or ii) double tax treaties or iii) search engine advertising or iv) transfer pricing strategies?

        Minimum 0%

        Max 100%

      13. Indicate proportion of time you want to spend working in a team or independently?

        Team 0%

        Independent 100%

      14. Rate your proficiency with using Microsoft Office?

        Poor 0%

        Expert 100%

    • The accounting role

      We are looking to hire 5 senior accountants, to support our international office Staff. Read this web page to learn more about the role. In the meantime, please answer the questions below. Thank you:

      *Fill in NA or No if you are not applying for accounting position

      1. Are you interested in learning about international accounting and tax?*

      2. Are you interested in learning about international legal and compliance?*

      3. Do you like preparing financial statements?*

      4. Do you like preparing corporation tax returns?*

      5. Are you interested in internal audit?*

      6. What accounting software are you familiar with?*

      7. Are you familiar with Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS)?*

      8. Are you familiar with Indian payroll?*

      9. Are you interested in creating web page content for our business web site?*

      10. Are you interested in posting updates on Healy Consultants Group social media platforms?*

    • The IT position

      We are looking to hire 5 senior IT Staff, to support our international office Staff. Read this web page to learn more about the role. In the meantime, please answer the questions below. Thank you:

      *Fill in NA or No if you are not applying for IT position

      1. Do you have experience in search engine optimisation (SEO) for a business website?*

      2. Do you have experience in creating and optimising digital advertising campaigns for a business?*

      3. Do you enjoy prototyping and creating web pages for a business web site?*

      4. Do you enjoy IT & security administration??*

      5. Are you familiar with Google Analytics?*

      6. Do you have experience in Microsoft 365 and Dropbox administration?*

      7. What business web site platform / content management system are you familiar with?*

      8. Do you like troubleshooting laptop and PC problems for Staff??*

      9. Are you interested in posting updates on Healy Consultants Group social media platforms?*

      10. Do you have experience in providing remote IT support for staff?*

      11. What OS are you familiar with?*

      12. Are you familiar with MS office applications?*

      13. What other coding experience do you have?*

      14. Do you like to analyse website data and prepare reports?*

    • Conclusion

      Thank you for completing and submitting this questionnaire. It will help Healy Consultants Group Human Resource Department identify quality candidates for our Indian operations. Please submit this form now.

    Contact us

    For additional information on our company incorporation services in India, please contact our in-house country expert, Mr. Simon Guidecoq, directly:
    client relationship officer - Simon