Things to do After Company Registration Process in India

Once your company is successfully registered with the Registrar of Companies (RoC) under the Ministry of Corporate Affairs (MCA), you’ve taken the first major step toward establishing your business. However, it is just the beginning. Whether you have a private or public company, you need to follow several legal and regulatory rules. The said requirements are meant to be met within specific deadlines. 

Since a company is a legal entity that operates through its directors, it is the directors who are responsible for ensuring that all legal obligations are fulfilled. Staying compliant not only protects the business legally but also helps maintain its reputation and avoid lawsuits or penalties.

Let’s have a look at the things that should be taken care of after your company registration in India:

Opening Bank Account 

One of the first things to do after registering your company is to open a business bank account. This account will be used for all the company’s financial transactions. Additionally, it is essential to open an account before issuing any shares. 

Displaying Company Information 

The Certificate of Incorporation is issued by the Registrar of Companies (RoC) when a new company is registered. The certificate officially establishes the company’s existence. Once this certificate is received, the company must display a board at its registered office showing key details such as the company’s name, Corporate Identification Number (CIN), registered address, and telephone number.

Appointing Auditors 

As per Section 139(6) of the Companies Act, 2013, the company’s Board of Directors must appoint the first auditor within 30 days of registration. This appointment must be reported to the Ministry of Corporate Affairs by submitting Form ADT-1. If the Board fails to appoint an auditor within this period, the responsibility shifts to the shareholders, who must appoint the auditor at a general meeting within the next 60 days.

Registering for GST 

After registering your company, check whether your business meets the criteria for GST registration. If it falls under the GST framework, registration is mandatory to avoid tax issues and legal complications. Failing to register can result in severe penalties.

Registering a Trademark 

Trademark registration gives a company legal rights over its name, logo, and other distinctive brand elements. Registering it will help in protecting your brand’s identity and prevent others from using it. It also builds credibility and strengthens your company’s reputation in the market.

Apart from these, there are several other important tasks to complete after your company registration in India, such as issuing share certificates, applying for TAN and PAN, and adopting official letterheads and a company seal. Taking care of these post-registration requirements will ensure that your company is fully compliant and is ready to operate smoothly and professionally from the start. 

If you need assistance with company incorporation or managing post-registration compliances, contact us at support@corporateleaps.com.