How to Start Legally a Tech Company in India

Introduction

A tech company is a company which is engaged in the business of developing new technology and software in the market. It is mainly involved in web designing, software development, etc. when you decide that you want to start a tech company you will need to think on a lot of things like nature of the business, its incorporation, trademark, Udyog Aadhar registration which are discussed below in the article. You also have to keep in mind the rules and regulations governing the entity and its incorporation like Companies Act, Partnership Act, Limited Liability Partnership Act, etc.

Incorporation of your business

Once you are sure that you want to start a business in Tech Company. The first thing you have to research is regarding the establishment of the Tech Company and documents required in its incorporation. Like for a Tech Company you need to decide whether it will be a private company or a public company or a company limited by shares or company limited by guarantee. You have to prepare the memorandum of association and article of association of your Tech Company containing all the necessary details of your Tech Company.

Name of your Tech Company

A name of Tech Company is very relevant for the business or the Tech Company to be successful. The name has to be unique and should be remembered easily. The name of the Tech Company should reflect your business and will reflect the goodwill your Tech Company will earn in the future. You should do a name search on the website of Ministry of Corporate Affairs at https://www.mca.gov.in/mcafoportal/showCheckLLPName.doto see that your proposed name is not used by anyone else.

Registered address of Your Tech Company

You have to decide the place from where you want your principal business to be from and the headquarter of the Tech Company to be situated. It can be any place situated in India and any state like Rajasthan, Gujarat, and Maharashtra, etc. it is relevant as the place of your headquarters will determine the jurisdiction of the Registrar of Companies like a Tech Company having its registered office in Jaipur will come under the jurisdiction of ROC Jaipur.

Registration with Registrar of the Companies

After doing the things mentioned above, you have to submit the relevant documents and information with the Registrar of Companies. The ROC after satisfying all requirements of companies Act and rules are satisfied will issue an incorporation certificate. Incorporation certificate of a Tech Company is a certificate that your Tech Company can start a business.  Basically its also required the Professional advice so you can contact to any Online Company Registration service providers for the same.

Registration of your brand as Trademark

To ensure that your Tech Company logo and name is not used by anyone else you should trademark your Tech Company’s brand name and logo. This will prevent others from using your brand name and will also become a unique identification of your Tech Company. Registration of trademark can be done in the following manner:

  1. Public search has to be done to see that your brand name is unique at https://ipindiaonline.gov.in/tmrpublicsearch/frmmain.aspx
  2. After the search, you have to decide the class of your trademark as per the business of the Tech Company
  3. Fill form TM-A providing details like your name, address, details of your product, etc. The said form is available at http://www.ipindia.nic.in/writereaddata/Portal/Images/pdf/FORM-TM-A.pdf Submit the application.

Udyog Aadhar Registration

Tech Company as a start-up is required to register under the Udyog Aadhaar under the Micro, Small and Medium Enterprise Act. It is a twelve digit no. Which is unique and issued by the Ministry of Micro, Small and Medium Enterprise? You can fill the form online for obtaining the Udyog Aadhar. Udyog Aadhar provides a lot of benefits under the governmental schemes. You have to provide your and business details.

PAN and TAN Registration

Permanent Account Number is compulsory for a company and is given by the Income Tax department. It also provides a unique identification to your company. It is mainly required for purposes of Tax. You can apply for PAN at https://www.onlineservices.nsdl.com/paam/enduserregistercontact.html

You also have to obtain Tax deduction and collection number so as to deduct tax at source (TDS) or remittance of TDS payment and issue of TDS. As you need employees to manage your work, you need to register for TAN in Form 49B at https://tin.tin.nsdl.com/tan/form49b.html

Moving forward

Once all of the above is done, you have to work on the marketing and advertising of your tech company so that you can be known to the public. You can also create your website or application as most of the business has now a day so as to have their presence in the market.

Conclusion

While starting a Tech company in India, there are various things and registrations that you have to keep in mind. You also have to comply with the Companies Act, 2013 for the successful working of your Tech Company. Doing all of the above is the 1st step involved in establishing your Tech Company. Your journey begins when all the formalities are fulfilled, and you have a Tech Company to manage.

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