Starting a New Company: What Are the Essential Steps After Incorporation?

Formalities and Work After Incorporation of a New Company

I can help you understand the formalities and tasks that need to be completed once a new company is incorporated. After the incorporation process is complete, there are several important steps to take to ensure that the business is set up correctly and compliant with all regulations. These may include obtaining necessary licenses and permits, setting up payroll systems, developing internal policies and procedures, and establishing a tax identification number.

Additionally, it is essential to create a business plan, set up bank accounts, and start marketing and promoting the new company. By following these steps, you can ensure a smooth transition into operating your new business successfully.

After incorporation, you need to take care of the following statutory compliance acts: EPF, ESIC, P.TAX, Minimum Wages Act, Payment Act, etc. For further assistance, please contact us.

Regards.

Your question is very formal. Please provide more details about the company, such as the number of employees, size of the organization, location, and nature of the business. This information will help others respond more effectively.

Still, see the below checklist for a new company:

Certificates / Registrations / Licences / NOC's / Approvals / Sanctions:

- Certification of Incorporation
- Registration Cum Membership Certificate from Apparel Export Promotion Council [AEPC]
- Certificate of Registration under Importer Exporter Code [IEC] from Min. of Comm.
- Certified Standing Orders [Hindi / English]
- Min. Wages Circular from Labour Dept.
- Factory Licence
- Approved Building Plan
- Certificate of Registration of Company [Under Contract Labour (R&A) Act.]
- Contractor's Licences (*for those licenses, which the company is arranging)
- Certificate of allotment of PF Code [Company / Contractors]
- Certificate of allotment of ESI Code [Company / Contractors]
- Water Consent
- Air Consent
- DG Noise Pollution Certificate
- Licence to Import & Store Petroleum Installation
- HSIDC Sewer Connection Approval
- PAN No.
- Calibration Certificate of Weighing M/c & Weights
- Dentist Professional Registration Certificate
- First Aid Certificates of Trained personnel [Valid Provisional or/and Permanent Certificates]
- NOC from Local Fire Department
- Electricity Load Sanction Certificate
- Certificate from Electorate Dept. Fbd.
- DG Inspection Certificate
- Govt. Certificate for being an Authorised / Competent Person
- Boilers Fitness Certificate from competent person
- Compressor Fitness Certificate from competent person
- Chains / Ropes Fitness Certificate from competent person
- Lift Running permission / Fitness Certificate from competent person

Reports:

- Filter Inspections (installed on Drinking Water Cooler) report - Monthly
- Drinking Water Test report (Every 6 months) Water Sample must be collected by LAB.
- ETP Water Test Report

Committees [Formation Documents / Meeting Circulars / Recorded Minutes]:

- Canteen Committee
- Health & Safety Committee
- Sexual Harassment Prevention Committee
- Works Committee

Policies [Essential in Hindi language also]:

- Employee's Manual
- Child Labour Policy
- Discrimination Policy
- Working Hours Policy
- Incentive Policy / Circulars
- Loan Policy
- Merit Scholarship Scheme
- Recruitment Policy / Procedure
- Security Plan or Policy
- Gate Pass Policy
- Security Orders
- Grievance Handling Policy / Procedure
- No Smoking Policy
- Broken Needle disposal policy or recycling procedure
- Environment Policy
- Health & Safety Plan or Policy
- Medical Waste Disposal Policy
- Sharp Tool Control & Replacement Procedure
- Use of PPE's Policy
- Emergency Evacuation Plan
- Emergency Medical Procedure
- M/c & Transformer Oil Disposal policy
- Machinery Preventive Maintenance Plan

Agreements with the following (Compliance Records):

- Disposal of Medical Waste
- Hospital for Empanelment / Medical Health Consultation or Visiting Doctor
- Canteen
- House Keeping
- Security
- Stitching, Loading unloading
- Bus Transporter
- Fire Fighting agency
- Weighing M/c & Weights
- Water Purifying Agency

All the best

<link outdated-removed> (Search On Cite | Search On Google)