Dear All,
At present, I am working with a limited company, but in the future, I want to start my own company. I have completed an MBA with a dual specialization in Finance and Marketing. So, what should I do right now for this? I want to seek financing from the government, so how much financing can the government provide based on my qualifications? Please guide me.
Thanks & Regards,
Sameer Chand
From India, Jaipur
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At present, I am working with a limited company, but in the future, I want to start my own company. I have completed an MBA with a dual specialization in Finance and Marketing. So, what should I do right now for this? I want to seek financing from the government, so how much financing can the government provide based on my qualifications? Please guide me.
Thanks & Regards,
Sameer Chand
From India, Jaipur
Acknowledge(0)Amend(0)
Steps to Register a New Company
Do you want to start an Indian company? To register a company, you need to first apply for a Director Identification Number (DIN), which can be done by filing an eForm to acquire the DIN. You would then need to acquire your Digital Certificate and register the same on the portal. Thereafter, you need to get the company name approved by the Ministry. Once the company name is approved, you can register the company by filing the incorporation form depending on the type of company.
(Use quick links available on the left panel in case steps are known).
Step 1: Application For DIN
The concept of a Director Identification Number (DIN) has been introduced for the first time with the insertion of Sections 266A to 266G of the Companies (Amendment) Act, 2006. Therefore, all existing and intending Directors have to obtain a DIN within the prescribed time-frame as notified. You need to file eForm DIN-1 to obtain a DIN. To get more information about the same, click on Director Identification Number.
Step 2: Acquire/Register DSC
The Information Technology Act, 2000 provides for the use of Digital Signatures on the documents submitted in electronic form to ensure the security and authenticity of electronically filed documents. This is the only secure and authentic way that a document can be submitted electronically. Therefore, all filings done by the companies under the MCA21 e-Governance program are required to be filed using Digital Signatures by the person authorized to sign the documents.
- Acquire DSC: A licensed Certifying Authority (CA) issues the digital signature. Certifying Authority (CA) means a person who has been granted a license to issue a digital signature certificate under Section 24 of the Indian IT-Act 2000.
- Register DSC: Role check for Indian companies is to be implemented in the MCA application. Role check can be performed only after the signatories have registered their Digital Signature Certificates (DSC) with MCA. To know more, click on Register a DSC.
Step 3: New User Registration
To file an eForm or avail any paid service on the MCA portal, you are first required to register yourself as a user in the relevant user category, such as a registered and business user. To register now, click on New User Registration.
Step 4: Incorporate a Company
Apply for the name of the company to be registered by filing Form1A for the same. After that, depending on the proposed company type, file the required incorporation forms listed below:
- Form 1: Application or declaration for the incorporation of a company
- Form 18: Notice of the situation or change of the situation of the registered office
- Form 32: Particulars of the appointment of the managing director, directors, manager, and secretary and the changes among them or consent of the candidate to act as a managing director or director or manager or secretary of a company and/or undertaking to take and pay for qualification shares.
Once the form has been approved by the concerned official of the Ministry, you will receive an email regarding the same, and the status of the form will change to Approved.
All About eFiling
In order to carry out e-filing on MCA21, you have the facility to download the eForm and fill it in an offline mode. Every form has the facility to pre-fill the data available in the MCA21 system. Once the e-form is filled, you would need to validate the e-form using the Pre-scrutiny button. You would then have to affix the relevant digital signatures and save the form. You would need to be connected to the internet to carry out the pre-fill and pre-scrutiny functions. The step-by-step process is given below. The filled-up e-form as per the relevant instruction kit needs to be uploaded on the MCA21 portal. On successful upload, the Service request number would be generated, and you would be directed to make payment of the statutory fees. The step-by-step process is given below. Once the payment has been made, the status of your payment and filing status can be tracked on the MCA21 portal by using the 'Track Your Payment Status' and 'Track Your Transaction Status' link, respectively. Please follow the steps given below to proceed with eFiling:
1. Select a category to download an eForm from the MCA21 portal (with or without the instruction kit).
2. At any time, you can read the related instruction kit to familiarize yourself with the procedures (you can download the instruction kit with an e-form or view it under the Help menu).
3. You have to fill the downloaded eForm.
4. You have to attach the necessary documents as attachments.
5. You can use the Prefill button in the eForm to populate the grayed-out portion by connecting to the internet.
6. The applicant or a representative of the applicant needs to sign the document using a digital signature.
7. You need to click the Check Form button available in the eForm. The system will check the mandatory fields, mandatory attachment(s), and digital signature(s).
8. You need to upload the eForm for pre-scrutiny. The pre-scrutiny service is available under the Services tab or under the eForms tab by clicking the Upload eForm button. The system will verify (pre-scrutinize) the documents. In case of any inadequacies, the user will be asked to rectify the mistakes before getting the document ready for execution (signature).
9. The system will calculate the fee, including late payment fees based on the due date of filing if applicable.
10. Payments will have to be made through appropriate mechanisms - electronic (credit card, Internet banking) or traditional means (at the bank counter through challan).
- Electronic payments can be made at the Virtual Front Office (VFO) or at PFO
- If the user selects the traditional payment option, the system will generate 3 copies of pre-filled challan in the prescribed format. Traditional payments through cash, cheques can be done at the designated network of banks using the system-generated challan. There will be five banks with an estimated 200 branches authorized for accepting challan payments.
11. The payment will be exclusively confirmed for all online (Internet) payment transactions using payment gateways.
12. Acceptance or rejection of any transaction will be explicitly communicated to the applicant (including facility to print a receipt for successful transactions).
13. MCA21 will provide a unique transaction number, the Service Request Number (SRN), which can be used by the applicant for inquiring about the status pertaining to that transaction.
14. Filing will be complete only when the necessary payments are made.
15. In case of rejection, helpful remedial tips will be provided to the applicant.
16. The applicants will be provided an acknowledgment through e-mail, or alternatively, they can check the MCA portal.
How to file paper attachments with the E-form?
You have to first get the paper attachments scanned and saved as a soft copy in PDF format. Then attach the same in the attachment section of the eForm by clicking the appropriate 'Attach' button.
How to upload/submit the scanned documents?
You can upload/submit the scanned documents by attaching the same with the e-form and submitting it on the MCA Portal.
How to ensure that the size of scanned PDF documents is not excessive?
To ensure that the size of the scanned PDF document is within the permissible size limits, it is recommended that scanning should be done in 'black & white' mode at 200 dpi resolution and should not exceed 2.5 MB.
How to sign an e-form?
An e-form can be signed by the authorized signatory/representative using the Digital Signature Certificate (DSC). Click the red color signature box in the e-form to affix the digital signature. To avoid an increase in size of the e-form beyond the permissible limit of 2.5 MB, always affix the DSC using the 'Sign and Save As' option.
How to make payment electronically?
Payments can be made electronically through credit cards/Debit Cards or Internet Banking. During the e-filing process, the system will prompt you to make payment. You can choose the mode of payment and make the payment accordingly.
How to make offline payment?
If you do not have a credit card or Internet banking facility, you can make payment at the counter of an authorized bank through the pre-filled challan generated by the system after e-filing.
Payments of value above Rs. 50,000, stakeholders would have the option either to make the payment in electronic mode or paper challan. However, such payments would also be made in electronic mode w.e.f. 1st October 2011.
For the purpose of the collection of payments, numerous branches in all major cities and towns of the following five Banks have been authorized:
- State Bank of India
- Punjab National Bank
- Indian Bank
- ICICI Bank
- HDFC Bank
Details of the branches of the above banks offering this facility are given on the 'List of Authorized Banks' link on the MCA21 portal.
On successful e-filing and payment, you can view the status of your transaction using the "Track your transaction status" link, and you would be required to enter the SRN no. Once the form has been approved by the concerned official of the Ministry, you will receive an email regarding the same, and the status of the form will get changed to Approved. In case the status is other than approved, you would need to take the necessary action as detailed below:
Is the Transaction status of your SRN 'Required Resubmission'?
In this case, you are required to re-submit your eForm to rectify the defect(s)/incompleteness pointed out by the concerned MCA office before the due date mentioned in the status of your SRN.
From India, Mumbai
Acknowledge(0)Amend(0)
Do you want to start an Indian company? To register a company, you need to first apply for a Director Identification Number (DIN), which can be done by filing an eForm to acquire the DIN. You would then need to acquire your Digital Certificate and register the same on the portal. Thereafter, you need to get the company name approved by the Ministry. Once the company name is approved, you can register the company by filing the incorporation form depending on the type of company.
(Use quick links available on the left panel in case steps are known).
Step 1: Application For DIN
The concept of a Director Identification Number (DIN) has been introduced for the first time with the insertion of Sections 266A to 266G of the Companies (Amendment) Act, 2006. Therefore, all existing and intending Directors have to obtain a DIN within the prescribed time-frame as notified. You need to file eForm DIN-1 to obtain a DIN. To get more information about the same, click on Director Identification Number.
Step 2: Acquire/Register DSC
The Information Technology Act, 2000 provides for the use of Digital Signatures on the documents submitted in electronic form to ensure the security and authenticity of electronically filed documents. This is the only secure and authentic way that a document can be submitted electronically. Therefore, all filings done by the companies under the MCA21 e-Governance program are required to be filed using Digital Signatures by the person authorized to sign the documents.
- Acquire DSC: A licensed Certifying Authority (CA) issues the digital signature. Certifying Authority (CA) means a person who has been granted a license to issue a digital signature certificate under Section 24 of the Indian IT-Act 2000.
- Register DSC: Role check for Indian companies is to be implemented in the MCA application. Role check can be performed only after the signatories have registered their Digital Signature Certificates (DSC) with MCA. To know more, click on Register a DSC.
Step 3: New User Registration
To file an eForm or avail any paid service on the MCA portal, you are first required to register yourself as a user in the relevant user category, such as a registered and business user. To register now, click on New User Registration.
Step 4: Incorporate a Company
Apply for the name of the company to be registered by filing Form1A for the same. After that, depending on the proposed company type, file the required incorporation forms listed below:
- Form 1: Application or declaration for the incorporation of a company
- Form 18: Notice of the situation or change of the situation of the registered office
- Form 32: Particulars of the appointment of the managing director, directors, manager, and secretary and the changes among them or consent of the candidate to act as a managing director or director or manager or secretary of a company and/or undertaking to take and pay for qualification shares.
Once the form has been approved by the concerned official of the Ministry, you will receive an email regarding the same, and the status of the form will change to Approved.
All About eFiling
In order to carry out e-filing on MCA21, you have the facility to download the eForm and fill it in an offline mode. Every form has the facility to pre-fill the data available in the MCA21 system. Once the e-form is filled, you would need to validate the e-form using the Pre-scrutiny button. You would then have to affix the relevant digital signatures and save the form. You would need to be connected to the internet to carry out the pre-fill and pre-scrutiny functions. The step-by-step process is given below. The filled-up e-form as per the relevant instruction kit needs to be uploaded on the MCA21 portal. On successful upload, the Service request number would be generated, and you would be directed to make payment of the statutory fees. The step-by-step process is given below. Once the payment has been made, the status of your payment and filing status can be tracked on the MCA21 portal by using the 'Track Your Payment Status' and 'Track Your Transaction Status' link, respectively. Please follow the steps given below to proceed with eFiling:
1. Select a category to download an eForm from the MCA21 portal (with or without the instruction kit).
2. At any time, you can read the related instruction kit to familiarize yourself with the procedures (you can download the instruction kit with an e-form or view it under the Help menu).
3. You have to fill the downloaded eForm.
4. You have to attach the necessary documents as attachments.
5. You can use the Prefill button in the eForm to populate the grayed-out portion by connecting to the internet.
6. The applicant or a representative of the applicant needs to sign the document using a digital signature.
7. You need to click the Check Form button available in the eForm. The system will check the mandatory fields, mandatory attachment(s), and digital signature(s).
8. You need to upload the eForm for pre-scrutiny. The pre-scrutiny service is available under the Services tab or under the eForms tab by clicking the Upload eForm button. The system will verify (pre-scrutinize) the documents. In case of any inadequacies, the user will be asked to rectify the mistakes before getting the document ready for execution (signature).
9. The system will calculate the fee, including late payment fees based on the due date of filing if applicable.
10. Payments will have to be made through appropriate mechanisms - electronic (credit card, Internet banking) or traditional means (at the bank counter through challan).
- Electronic payments can be made at the Virtual Front Office (VFO) or at PFO
- If the user selects the traditional payment option, the system will generate 3 copies of pre-filled challan in the prescribed format. Traditional payments through cash, cheques can be done at the designated network of banks using the system-generated challan. There will be five banks with an estimated 200 branches authorized for accepting challan payments.
11. The payment will be exclusively confirmed for all online (Internet) payment transactions using payment gateways.
12. Acceptance or rejection of any transaction will be explicitly communicated to the applicant (including facility to print a receipt for successful transactions).
13. MCA21 will provide a unique transaction number, the Service Request Number (SRN), which can be used by the applicant for inquiring about the status pertaining to that transaction.
14. Filing will be complete only when the necessary payments are made.
15. In case of rejection, helpful remedial tips will be provided to the applicant.
16. The applicants will be provided an acknowledgment through e-mail, or alternatively, they can check the MCA portal.
How to file paper attachments with the E-form?
You have to first get the paper attachments scanned and saved as a soft copy in PDF format. Then attach the same in the attachment section of the eForm by clicking the appropriate 'Attach' button.
How to upload/submit the scanned documents?
You can upload/submit the scanned documents by attaching the same with the e-form and submitting it on the MCA Portal.
How to ensure that the size of scanned PDF documents is not excessive?
To ensure that the size of the scanned PDF document is within the permissible size limits, it is recommended that scanning should be done in 'black & white' mode at 200 dpi resolution and should not exceed 2.5 MB.
How to sign an e-form?
An e-form can be signed by the authorized signatory/representative using the Digital Signature Certificate (DSC). Click the red color signature box in the e-form to affix the digital signature. To avoid an increase in size of the e-form beyond the permissible limit of 2.5 MB, always affix the DSC using the 'Sign and Save As' option.
How to make payment electronically?
Payments can be made electronically through credit cards/Debit Cards or Internet Banking. During the e-filing process, the system will prompt you to make payment. You can choose the mode of payment and make the payment accordingly.
How to make offline payment?
If you do not have a credit card or Internet banking facility, you can make payment at the counter of an authorized bank through the pre-filled challan generated by the system after e-filing.
Payments of value above Rs. 50,000, stakeholders would have the option either to make the payment in electronic mode or paper challan. However, such payments would also be made in electronic mode w.e.f. 1st October 2011.
For the purpose of the collection of payments, numerous branches in all major cities and towns of the following five Banks have been authorized:
- State Bank of India
- Punjab National Bank
- Indian Bank
- ICICI Bank
- HDFC Bank
Details of the branches of the above banks offering this facility are given on the 'List of Authorized Banks' link on the MCA21 portal.
On successful e-filing and payment, you can view the status of your transaction using the "Track your transaction status" link, and you would be required to enter the SRN no. Once the form has been approved by the concerned official of the Ministry, you will receive an email regarding the same, and the status of the form will get changed to Approved. In case the status is other than approved, you would need to take the necessary action as detailed below:
Is the Transaction status of your SRN 'Required Resubmission'?
In this case, you are required to re-submit your eForm to rectify the defect(s)/incompleteness pointed out by the concerned MCA office before the due date mentioned in the status of your SRN.
From India, Mumbai
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