Starting a company in India involves multiple legal, tax, and regulatory compliances. Many entrepreneurs focus only on registration but overlook critical post-incorporation obligations.
This guide by B S D & Co. provides a complete checklist for starting a company in India.
Step 1: Choose the Right Business Structure
Options include:
Private Limited Company
LLP (Limited Liability Partnership)
Partnership Firm
Sole Proprietorship
Each structure has different compliance and taxation implications.
Step 2: Company Name Approval
Apply for name approval through MCA portal ensuring uniqueness and compliance with naming guidelines.
Step 3: Obtain Digital Signature (DSC)
Directors must obtain DSC for online filing.
Step 4: DIN (Director Identification Number)
DIN is required for individuals intending to become directors. If these individuals do not already have a DIN, it can be applied at the time of incorporation through SPICe+ (INC-32). This form allows allotment of DIN to proposed directors along with company incorporation.
Step 5: Incorporation Filing
File SPICe+ form with:
MOA
AOA
Registered office proof
Identity proof of directors
Upon approval, Certificate of Incorporation is issued.
Step 6: PAN & TAN
Automatically generated upon incorporation.
Step 7: GST Registration
Mandatory if turnover exceeds threshold or business operates interstate.
Step 8: Opening Bank Account
Required for business transactions and statutory compliance.
Step 9: Post-Incorporation Compliance
Includes:
Appointment of auditor
Board meetings
Statutory registers
ROC filings
Income Tax compliance
Tax Compliance for New Companies
New companies must:
File ITR annually
Maintain books of accounts
Pay advance tax
Deduct TDS where applicable
Common Mistakes by Startups
Ignoring compliance deadlines
Mixing personal & business transactions
Not maintaining proper documentation
Delaying GST registration
Why Professional Support is Essential
With expert guidance from B S D & Co., startups receive:
End-to-end incorporation support
GST & tax registration
Compliance calendar management
Advisory on business structuring
Conclusion
Starting a company in India requires careful planning beyond registration. A structured compliance approach ensures long-term stability and investor confidence.
