Setting up a new business in India generally follows the same sequence, whether you're going through Private Limited Company Registration, LLP Registration, or OPC Registration. Here's the full path from registration to being fully operational.
Step 1: Company Registration
Private Limited Company Registration, LLP Registration, and OPC Registration are handled through the MCA (Ministry of Corporate Affairs) portal, typically via a registered professional. Once approved, you receive your Certificate of Incorporation.
Step 2: GST Registration
If your turnover crosses the threshold, or you want to claim input tax credit from day one, GST Registration follows incorporation. Many banks also expect a GST certificate alongside incorporation documents for account opening.
Step 3: Bank Account Opening
With your Certificate of Incorporation, PAN, and board resolution in hand, the next step is opening your company's current account. Most banks expect your company's Authorised Signatory and Director stamps on the account-opening paperwork.
Step 4: Rubber Stamp + Signboard
This is where the practical requirements start: a company Rubber Stamp (Director/Designated Partner, Authorised Signatory, and Round company seal), and a registered office signboard as required under Section 12(3) of the Companies Act (and Rule 18(2) of the CGST Rules, once GST-registered). Both are typically arranged together, right after incorporation.
Step 5: Business Setup Complete
With stamps, signboard, and bank account in place, the company is ready to operate — sign contracts, issue invoices, and open vendor accounts.