India is a huge and great country with full of opportunity . We provide support for entry strategy,formation of legal entity and operational excellence service for your growth.

1. Aera Consultancy and Services
July 2014
Beginning to End Services
Procedure for Company Incorporation in India

2. 1
Disclaimer Statement,
About Us,
Purpose &
Intended Audience
Contact Person for Aera
Vikash
Parakh
Aera
Consultancy
and
Services
Private
Limited
Cell:
+91
9769150250
Mailto:
vikash.parakh@aera.co.in
www.aera.co.in

3. 2
About us
Profession organization equipped with Group teams consists of
Chartered Accountants / Company Secretary / IT Experts/Legal having
deep knowledge of Accounting,Finance, Corporate Finance, Legal,
Compliance, Consulting,Restructuring, start-up Mentor and Information
Technology. The Company represents a combination of specialized
skills, which thrive by helping you to be successful.
Develop Customized services which are unique and practical to cater
the current market trends
Aera combines extensive experience with high-touch , individual service.
We successfully bring together the interests of our client in a way that
builds visibility and achieves our clients’ goals.
Disclaimer Statement
The information contained herein is of a general guide and is not
intended to address /advise the situation of any particular individual or
entity. We endeavor to provide accurate and timely information, there
can be no guarantee that such information is accurate as of the date it is
received or that it will continue to be accurate in the future. One should
seek professional advice after a thorough examination of the particular
situation.
Purpose of this document
The purpose of this document is to elaborate the procedure for Company
Incorporation in India.
Intended Audience
It is intended for use to understand the procedural requirement for
Company formation in India.

4. 2
Incorporation of Company in India

5. 4
Incorporation of Company in India
Prerequisite for Setting up a Company
Paid up Capital :
Minimum paid up share capital of Rs. 100,000 (Rs. One lac only - Appropriately US $ 1640 ) for Private Limited company and Rs. 500,000
(Rs. Five Lacs Only - Appropriately US $ 8200 ) for Limited Company
Shareholders :
A minimum number of 2 (two) shareholders/ subscribers to Memorandum of Association for Private Limited Company and Three for Limited
Company. For a company which is a wholly owned subsidiary of a Foreign Company, both the subscribers should be the bodies corporate.
Director Identification Number (“DIN”):
Every director of a company is required to obtain a unique identification number called DIN from Ministry of Corporate Affairs (“MCA”).
Digital Signature Certificate (“DSC”):
The person authorized to sign any document under the company law would be required to obtain DSC to digitally sign the same.
Structure of this document
The proposal consists of the following sections, in addition to the Pre-requisite for Setting up a Company section:
Section 2: Procedure for the Company Incorporation and Documentation Required for Each process
Section 3: Other Registrations
Section 4 : Clear Visibility of Business

6. 3
Procedure for the Incorporation
&
Documentation

7. 6
Procedure for the Company Incorporation

8. 7
PS : In case of Foreign National as Director then if documents need to be certified as true copy by Indian Consulate in country of Holding company
If the document are not in English then the translation of document in English have to be certified
Documentation Required for Each process

9. 4
Other Registration

10. 9
Other Registration
The company will be required to obtain various other registrations – as listed below. These registrations will be obtained after incorporation of the
company.
• Income Tax Permanent Account Number (PAN) :
Must irrespective of place/s of business anywhere in India.
• Tax Deduction Account Number (TAN) :
If the accounts are centralized, you can have only one number.
• Professional Tax Registrations :
For the Company as taxable identity & another one for company as Employer - Separate number required for
different offices in different states. (Under control of State Government)
• Shop & Establishments Act Registration:
Separate Registration required for different offices in different cities. (Under control of local authority or Munici-
pal corporation)
• Import-Export code no. (IEC code):
If you are expecting any import & export of goods/services. (Under control of Central Government)
• Formalities with RBI (Central Bank of India) :
Correspondence regarding appointment of foreign directors,share allotment & transfers to foreign entities, etc.

11. 10
• Value Added Tax (VAT) & Service Tax registrations
• Provident fund registration:
If you are going to set up a PF scheme & contribute towards PF of employees. (This will be applicable only if your
Employee strength increases beyond 10 Nos.)
There are certain other registrations like Factories Act, STPI, etc. which will depend on the nature of the Company Incorporated

12. Clear Visibility of Business

13. xii
Clear Visibility of Business
Aera Consultancy And Services will leverage their experience across Industries and extensive knowledge on Finance, Accounting, Audit and Taxation,
Business planning and Strategy, System Management and Compliance, Information technology for its customers towards building a strong relationship for
their Services. We propose Business Services focuses on building a strong relationship with clear objectives and long term vision in place.
Business Set up Service Operational Excellence
Advice on Entry Strategy
Structuring of Business Set up in India
Incorporation of Company
Getting approval from various regulatory bodies
Regulatory Compliance
Account
Payroll Maintenance
Bank Account Management
Taxation Management
Secretarial Service
MIS Reporting
Other Transaction service
Compliance Management
We promise to deliver Business value