The software industry includes all the software services like training, documentation, consulting, data recovery, software development, maintenance, and publication. India harbors multiple varieties of software companies. Following are the three main steps that are carried out for software company registration in India.
Steps for Software Company Registration in India
Step 1: Director Identification Number
DIN i.e. Direct Identification number registration is the first step to incorporate a software company. All the fillings are required to have digital signatures by the authorized person. However, all the designated partners of the proposed Limited Limited Partnership should obtain Designated Partner Identification Number (DPIN). The customer has to file the e-Form that is DIR-3 to obtain the DIN/DPIN. Therefore, if the customer is already having the DIN, the same can be used as the DPIN.
Documents required for a DIN :
A. Identity Proof (Any one of the following)
- PAN Card
- Driving License
- Voter ID Card
B. Residence Proof (Any one of the following)
- Driving License
- Voter ID card
- Telephone bill
- Ration card
- Electricity Bill
- Bank Statement
Step 2: Digital Certificate (DSC)
The Digital certificate is the digital signature certificate of the proposed directors of the company. The DSC on the submitted documents will be in electronic form in order to maintain the applicant’s security. The authenticity of the documents filed electronically. All the filings are to be done using Digital Signatures of the authorized person. However, the DSC must only be issued by the Certifying Authority, i.e., the person who has been granted a license to issue a DSC.
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Step 3: Reservation of Company Name
After getting a DIN, the company has to apply for a name. There are about 5-6 names from which the company can choose one. If the preferred name is not available, then the company can choose a name itself. Following this, the company has to apply for company incorporation. However, in this process, the company has to come up with a name which includes the company’s first director and its operations. While applying one has to submit this application along with the form 1-A at the official website of the concerned department.
After the successful formal company incorporation, the owner has to open a current account. The account can be opened in any bank for carrying out their required operations. To open a current account the owner must own a furnish copy of Memorandum of Association and Certificate of Incorporation. However, The reservation of a company name is a very important step while registering the company. As this gives the unique name and identity to the company which makes the firm different from other existing firms.
For software company registration in India, the user has to register on the MCA portal as a new registration. Therefore, A registered user account on MCA portal for filling up an e-form, for online fee-payment, for various transactions as business and registered user. Generating an account on the MCA Portal is completely free of cost.