A certificate of incorporation is a legal document that attests to your limited business’s formation and Companies House registration. This complies with the 2006 Companies Act. It serves as a kind of birth certificate for your business.
You’ll receive a certificate of incorporation once your business creation with the Ministry of Corporate Affairs is complete. You have the option of having this be an electronic or official printed one that you can frame and hang at your place of business. This will demonstrate that your company is legitimately and appropriately constituted. In essence, you’re committed to the long term.
Certificate of incorporation: Components
Some of the most important information regarding the company and the incorporators, or the company’s founders, are included in a proper company incorporation certificate. The following information might be seen on a certificate of incorporation:
- The company’s or corporation’s type
- Business objectives
- The company or corporation’s name
- Name and location of the registered agent for the corporation, along with their address
- The addresses of all incorporators are listed.
- The first board of directors members’ names and addresses
- Information about the number of stocks overall
- Furthermore, there are further provisions.
A company’s Corporate Identity Number (CIN), Permanent Account Number (PAN), and Tax Deduction and Collection Account Number are all included on a certificate of formation (TAN).
See also: How to apply for legal heir certificate in Maharashtra?
Certificate of incorporation: Who must submit it?
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A certificate of incorporation form must be submitted by business owners who want to run their organisation as a corporation.
Before engaging in specific business-related activities, businesses must first have the state (often the secretary of state office) authorise their certificate of incorporation. Several instances include:
- Create a business bank account
- Obtain business permits and licences
- Employ personnel
- File taxes
Certificate of incorporation: How to get it?
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- You must first obtain a Director Identification Number (DIN). This is the first stage in obtaining a certificate of company incorporation. Every director is required by the Companies Act to obtain a DIN. You must register on the Ministry of Corporate Affairs website. You must first download the form from the internet, read it, and then fill it out completely before uploading it to the website. For this procedure, the Ministry of Corporate Affairs will impose a fee. You should also advise the Registrar of Corporate Information about this (ROC).
- Next, a digital signature certificate is required (DSC). You can use an existing DSC that is still valid while you are applying for the certificate of incorporation rather than getting a new one. The DSC is necessary since it contributes to ensuring the authenticity and originality of papers submitted digitally.
- Once you have registered on the MCA website, all that is left to do is apply for a certificate of incorporation and begin filling out the form with the necessary information.
FAQs
What is CIN?
A corporation is given a corporate identification number (CIN) after successfully registering under the MCA with the ROCs. The company incorporation certificate must be obtained. Since the CIN is the company's special identification number, it must appear on all of the company's legal documents.
What is the firm's authorised capital? Does it have an impact on the company's capacity to obtain an incorporation certificate?
The quantity of stock units that can be issued by a company is known as its authorised share capital and is specified in its articles of incorporation or memorandum of association.
What does a DIN mean?
The individual who is chosen to serve as a director of the company is given a DIN or Director Identification Number. Obtaining the certificate of incorporation is a requirement.
What type of business can apply for a certificate of company incorporation?
A firm can be categorised in a variety of ways, such as according to its functions, the type of its business, the size of its share capital, etc. Each business should apply for an incorporation certificate. In general, any business that follows all the rules outlined in the Companies Act of 2013 is qualified to receive a certificate of incorporation. Unlimited/limited businesses, sole proprietorships, public companies, private firms, etc., are a few examples of different business structures.