Further to Company Registration, there are other compliance that also needs to be taken care of. Below are the details that could help you once you have completed the company registration process.
PAN and TAN
Every company need to apply for PAN and TAN (Tax numbers) this can be applied immediately after incorporation.
Opening a Bank Account
After making application for Tax number, company can apply for Bank account with any of the Bank in India.
Capital Remittance to the Company Account
The subscribers (first shareholders) shall remit the value of shares subscribed to the company account immediately after opening the bank account. If foreign shareholders are involved, they need to remit into the bank account, in foreign currency for the shares taken. Also Indian company need to intimate Reserve Bank of India, regarding receipt of investment from foreign company/citizen.
File Return with Reserve Bank of India (RBI)
As per RBI regulation, if Indian company issue shares to foreign company or foreign nationals etc, after issue, within 30 days, company is required to file return with RBI.
Apply for Shop and Establishment Registration
Immediately after taking an office, company need to apply for shops and establishment registration
Apply for Professional tax Registration
It is a labour law registration and it is required to be taken immediately after setting up an office.
VAT (Value Added Tax) Registration
VAT registration is mandatory for those companies who deal in goods. A company after setting up of office can apply for this registration to the respective local VAT authority.
Import & Export Code Number
After obtaining PAN, a company who is intending to do import or export need to apply for IE code.
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