Firm Registration

Finance & Accounting

Firm Registration

What is Firm Registration

The firm is registered when the registrar of firms is satisfied with the compliance of section 58 of the partnership act. It is important to note that registration at the income tax department is still mandatory for both registered and unregistered firms by the registrar.
In India, where the numbers of firms are kept on growing with the new arrivals; need to get directed and managed by the services in firm registration in India. Under these services every firm despite of size and type needs to get register under the respective act. This registration will brings the firm with complete authentic and credential in respect of quality and legal business form. After complying with firm registration in India, one can apply for certification in order to run the business under safe mode.

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Four major steps to register a company/ startup in India:

Step 1: Acquire Digital Signature Certificate (DSC)
The Information Technology Act, 2000 has provisions for use of digital signatures on the documents submitted in electronic form in order to ensure the security and authenticity of the documents filed electronically.

Step 2: Acquire Director Identification Number (DIN)
The concept of a Director Identification Number (DIN) has been introduced for the first time with the insertion of sections 266A to 266G of Companies (Amendment) Act, 2006.

Step 3:
Create an account on MCA portal- New user registration @ mca.gov.in

Step 4:
Incorporate or Apply for the company to be registered

The firm registration requires following documents.

  • ID proof of the properitor or the person
  • Personal Address proof of the properitor or the person
  • Address proof of the Firm. If the firm situated place is own utility bills like electricity bill, gas bill, watre bill can be submitted. If the place is on rent the above documents should be in the name of the owner and an NOC certificate should be given by the land lord.
  • It should also contain the date on which the partners joined.
  • Duration of the firm also should be mentioned.