It is a good idea to:
Ensure that all documentation is up to date for your organization
When you have completed your company registration, you must write your mission, objective and vision statements, your policy statement, and your standard operating procedure statement. These documents will provide a framework for employees and management in managing, solving problems, and running the company.
Establish a current account with a bank
You must open a current bank account in an Indian bank once your company has been registered.
Addresses and CINs
Once you have gotten your company registered, you will need a registered address to receive official documents, and you will also need your CIN, which must be displayed outside the registered address. The name of the company, the registered office of the company, the telephone number, email address, website address, fax number, etc. are to appear on the company board, and these details must be included in business correspondence, bill-heads, and other official documents.
Accountant and auditor appointments
Books of Accounts are required to be maintained by the company for the purpose of keeping a record of all financial transactions that took place throughout the year, with financial statements provided by the company upon filing of taxes under the Annual Compliance of Private Limited Companies. It is vital that the company hires an accountant who can work part-time or full-time and appoints an auditor to review financial statements and certify them as correct.
Plan and design of a website
Create a website and find a web host first. The next step is to determine how you are going to promote and sell your products and services to the end-user.
An award for startups
Taking advantage of tax benefits, concessions in loans and special schemes of the government of India for startups can help you succeed. After company registration, you can then apply for startup recognition.
GST New Registrations and Trademarks
In India, you should register your company after you have gotten your company registered so as to avoid tax evasion charges and legal proceedings that can be brought against you. A trademark registration can help protect your innovative business name or brand, as well as any processes or technologies that you have developed after expert research.
Directors’ Interest Disclosure and Declaration Regarding Disqualification
A Board of Directors meeting is required within 30 days after the date of the company’s registration, and each Director must declare his or her involvement in firms and other associations with individuals and declare that he or she is not disqualified. It is necessary to disclose directorships and shareholdings. Companies Act requires directors to disclose their other interests from time to time as part of a continuing formality.
Certificates of ownership issued to subscribers
The Companies Act 2013 requires companies to convey share certificates to their subscribers of memoranda within 60 days from the date of incorporation.
Licences for other industrial activities
For any industrial product or service, such as food, chemicals, electronics, software, alcoholic beverages, or other industrial products and services, you will have to secure a license from the licensing department.
A Business owner must comply with the above-listed requirements so that the business runs smoothly and to avoid any legal hiccups that may arise because of the failure to comply.