Name Approval: Choose a unique name for your company and check its availability on the Ministry of Corporate Affairs (MCA) website. Once the name is approved, it will be reserved for 20 days.

Prepare and File Incorporation Documents: Prepare the necessary incorporation documents, including the Memorandum of Association (MOA) and Articles of Association (AOA). These documents outline the company's objectives, rules, and regulations.

Fill out the required forms, such as Form INC-32 (SPICe) for company incorporation, and Form DIR-12 for appointment of directors. These forms need to be digitally signed using the DSC.

Foreign Investment Approval (if applicable): If your business requires foreign investment and falls under specific sectors, you may need to obtain prior approval from the Foreign Investment Promotion Board (FIPB) or the Reserve Bank of India (RBI).

Submit Documents to the Registrar of Companies (RoC): Once all the documents are prepared and signed, submit them online through the MCA portal along with the prescribed fees.

The submitted documents typically include the incorporation forms, MOA, AOA, proof of address, identity proofs of directors, and other relevant documents.

Obtain Certificate of Incorporation: After scrutinizing the documents, the RoC will issue a Certificate of Incorporation, which confirms the registration of your company. It includes the Corporate Identification Number (CIN) and date of incorporation.

Apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN): After receiving the Certificate of Incorporation, apply for a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) from the Income Tax Department.

Open a Bank Account: Once you have the PAN and TAN, open a bank account in the name of your company. The bank will require the Certificate of Incorporation, PAN, and TAN for the account opening process.

Goods and Services Tax (GST) Registration (if applicable): If your company's turnover exceeds the prescribed threshold, you will need to register for Goods and Services Tax (GST) with the relevant authorities.

Compliance and Ongoing Filings: Ensure compliance with various statutory requirements, such as maintaining books of accounts, filing annual financial statements, conducting annual general meetings, and submitting annual returns to the RoC.

Additional compliance requirements may include tax filings, audit requirements, and compliance with labor and environmental laws.

It's worth noting that the process and requirements may vary based on the type of company and specific circumstances. It's advisable to consult with professionals, such as lawyers or chartered accountants, who specialize in company registration in India to ensure accuracy and compliance with the current regulations.

The support provided by IFBIC (International Federation of Business Intellectuals & Changemakers) has been invaluable for foreign individuals and companies seeking to register businesses in India. The IFBIC family has played a crucial role in facilitating and guiding the entire registration process, ensuring a smooth and efficient experience. Here are some positive aspects of the support provided by IFBIC:

Expert Guidance: IFBIC offers expert guidance and assistance throughout the company registration process in India. Their team of professionals possesses extensive knowledge and experience in the legal, regulatory, and business landscape of India, enabling them to provide accurate and up-to-date information.

Comprehensive Services: IFBIC offers a wide range of services that cover all aspects of company registration for foreigners. From obtaining the necessary certificates and documents to navigating complex legal requirements, they provide end-to-end solutions, simplifying the process for their clients.

Timely Updates: The IFBIC family ensures that their clients stay informed about any changes or updates in the registration process. This proactive approach helps foreign individuals and companies avoid potential delays or complications, ensuring compliance with the latest regulations.

Personalized Support: IFBIC understands that every client is unique and may have specific requirements. They provide personalized support, taking into account individual circumstances and tailoring their services accordingly. This personalized approach enhances the overall experience and increases the chances of a successful registration.

Networking Opportunities: Being part of the IFBIC family offers networking opportunities with like-minded individuals and businesses from various industries. This network can provide valuable connections, collaborations, and potential business partnerships, opening doors for growth and expansion.

Post-Registration Assistance: IFBIC extends its support even after the company registration process is completed. They provide guidance on compliance, ongoing filings, and other legal and regulatory requirements, ensuring that foreign individuals and companies remain on track with their obligations.

In summary, the support provided by IFBIC and its dedicated team of professionals has been instrumental in assisting foreign individuals and companies during the process of registering businesses in India. Their expert guidance, comprehensive services, timely updates, personalized support, networking opportunities, and post-registration assistance have significantly contributed to a positive and successful experience for their clients.