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Kerala has a sound legal framework for business registration, making it one of the most attractive states for entrepreneurs to start a business. Companies in Kerala are registered under the Companies Act, 1956, And The process of registration is relatively simple and straightforward.
To register a company in Kerala, the first step is to obtain a Digital Signature Certificate (DSC) and Director Identification Number (DIN). These can be easily obtained from the Ministry of Corporate Affairs (MCA) website. The next step is to submit the necessary documents like the Memorandum of Association (MOA) and Articles of Association (AOA) to the Registrar of Companies (ROC).
Applicants must also provide the details of the registered office of the company, and the names and addresses of the directors of the company. The applicants also have to provide a copy of the board resolution approving the formation of the company.
Once the documents are submitted and accepted, the Registrar will issue a Certificate of Incorporation. This document authorizes the company to commence business operations.
The company must also apply for a PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number). These are required for tax obligations.
In conclusion, Kerala has a well-structured system for registering companies. Companies in Kerala can be registered in a hassle-free manner by following the steps outlined above.