10 Things to do After Company Registration Process in India

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10 Things to do After Company Registration Process in India

After the Company's incorporation, there are certain legal requirements that it must fulfil to be compliant with the rules and regulations laid.

Congratulations on successfully incorporating your Company in India. Do you think just by getting your Company registered, your work is done? Just incorporating a company is not enough. There are certain post incorporation compliance requirements that every Company, whether a private limited company or a public company, must fulfil within the stipulated period. A company is an artificial person incorporated and managed through its directors. Thus the directors of the companies are responsible for handling things that are required to be done after the incorporation of the Company.

Here we have listed out the things required to be done after the Company Incorporation. Let us understand them completely.

• Opening Current Account – The Company incorporated must open its bank account before issuing any shares. The various documents required for opening a bank account includes the following- 

1. Certificate of incorporation
2. Resolution of the board of directors
3. Company's MOA and AOA
4. List of latest directors of the Company
5. Address proof of registered office address
6. Identity proof of the directors
7. Appointment proof of current directors
8. Proof of Resignation of directors
9. Company PAN card
10. Shareholding of the Company

• Display of CIN - Just after the company incorporation certificate is received, the board containing the below-mentioned details must be placed outside the Company's registered office address. 

1. Name of the Company
2. CIN number of the Company
3. The registered address of the Company
4. The telephone number of the Company
5. Address the Company's website or the Company's FAX number, if any.

• Appointment of Auditors- According to section 139(6) of the Companies Act 2013, the board of the Company's directors is required to appoint the first auditor within 30 days of company registration. The auditor shall be appointed by filing FORM ADT-1 with the corporate affairs ministry. If the directors cannot appoint the auditors within the specified time, the general meeting shall appoint the auditor within 90 of company registration.

• Applying for TAN and PAN – After Registration Company becomes the separate legal identity; thus, it is required to apply for its PAN number and TAN number.

• Maintaining Statuary Registers of the Company- Certain registers are required to maintain by the Company and kept at its registered office.

• The issue of share certificates- Every A company must issue share certificates to the subscribers of the memorandum within two months from the date of incorporation. Thus, the subscribers must submit the agreed subscription amount to the Company within 60 days of incorporation.

• GST Registration- After For the company registration, you must check the criteria for GST registration. If you fall under the purview of the GST regime, make sure to get this registration to avoid any tax evasions and legal proceeding following it.

• Trademark Registration - It is not mandatory to obtain trademark registration in India. However, you should obtain a trademark registration to protect your unique and innovative brand name.

• Adoption of Letterhead and common seal- After the registration, the Company must get its letterhead printed containing the details like name of the Company, registered office address, CIN number, telephone number, E-mail ID, FAX number if any. Further, the Company must also adapt its common seal with its name engraved in the legible characters.

• Miscellaneous Stationery- The Company shall get its MOA and AOA printed, Minutes loose leaf at least 100, and printed share certificated minimum fifty.

The directors of every Company shall take adequate steps to fulfil these requirements to enjoy smooth working without any interference.

Also read:  Why Register A Business Name In Ontario?

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