With the launch of Startup Registration in India initiative in 2016, the business environment has become more transparent, entrepreneurial & investor-friendly. Now, most of the Startup has an element of innovation in their business idea and offer a unique product/service.
To encourage this kind of friendly & transparent business environment and to continuously encourage people to bring their ideas into a reality, the government is taking every possible step.
Following is table represents various application formalities that need to be completed before kick-starting your venture and also the estimated time & cost which needs to be put in.
(Approximate)
| S. NO | PROCEDURE | DEPARTMENT | TIME (Days) | COST (INR) |
| 1 | Apply for Director Identification Number (DIN) | Ministry of corporate affairs (MCA) | 1 | 100 |
| 2 | Obtain online Digital Signature certificate | Ministry of corporate affairs (MCA) | 3 | 1500 |
| 3 | Reserve your Business name | Registrar of companies (ROC) | 2 | 500 |
| 4 | MOA, AOA, Company stamping documents | State Treasury or Authorised bank | 1 | 1300 |
| 5 | Incorporation certificate | ROC or MCA | 5 | *Depending on capital |
| 6 | Obtain Permanent Account Number (PAN) | NSDL or UTIITSL | 7 | 67 |
| 7 | Obtain Tax Account Number (TAN) | Income Tax Department | 7 | 57 |
| 8 | Register under office, shops & establishment act | Municipal office | 2 | 6500 |
| 9 | GST Registration | Goods & Service Tax (GST) | 12 | 5100 |
| 10 | Register for Provident fund | Employment provident fund organisation | 10 | N/A |
| 11 | Register for Medical Insurance | Employment state insurance organisation | 9 | N/A |
Related Blog – All you need to know about Company Registration as a startup
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