Typical Procedure to Establish Business in India

Nature of Procedure in India

Procedure Number

Duration (days)

Obtain DIN for proposed Directors of the new Company

1

3*

Obtain DSC for proposed Directors of the Company

2

3*

Filing the proposed name of company for approval to the Registrar of Companies (ROC); Get the Memorandum and Articles of Association vetted by the ROC and printed

3

7

Make an application to the Superintendent of Stamps or an authorized bank requesting for stamping of the Memorandum of Association and Articles of Association.

4

1

Present the required documents along with the registration fee to the Registrar of Companies to get the certificate of incorporation

5

9

Obtain a company seal

6

3

Apply for UTI Investors Services Limited/National Securities Depository Ltd. to obtain a Permanent Account Number (PAN)

7

15*

Obtain a Tax Account Number (TAN) for income taxes deducted at source from the Assessing Office in the Income Tax Department

8

15*

Register under Shops and Establishment Act

9

2*

Register for value added tax (VAT) before the Sales Tax Officer of the ward in which the company is located

10

12*

Register for Profession tax

11

2*

Register with Employees' Provident Fund Organization

12

2*

Register with ESIC (medical insurance)

13

1*

Filing for Government Approval before RBI/FIPB for Foreigners and NRI's

14

15*

Totals:

14

40