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HOW TO START AN IT COMPANY IN SIPCOT
TEAM MEMBERS ARUN, DICKSON, VJAYAN, GHANESH,
VIJAYALAKSHMI, ARCHANA
AIMO How to start an IT company
O How to start a company in Sipcot
O What are all the benefits of starting a
company in Sipcot
O Why Siruseri Sipcot is only place where
IT companies are present
How to start an IT CompanyO There are 13 steps to start an IT
company
Step 1O Obtain DIN(Director Identification
Number)
O What is DIN
O DIN is a unique number given to the
potential director of the company
Step 2 and 3O Obtain Digital
Signature
O What is DS
O Digital signature is
attached to an
electronically
transmitted document to
verify its contents and
the sender's identity.
O Reserve the company
name
O We must reserve the
company name in the
registrar of company
Step 4 and 5O Stamp the
company
document
O We can stamp
our company
document in state
treasury or private
bank
O Permission to
incorporate
O Get the Certificate of
Incorporation from the
Registrar of
Companies, Ministry of
Corporate Affairs
(National)
Step 6 and 7O Seal
O Although making a
company seal is not a
legal requirement for the
company to be
incorporated, companies
require a seal to issue
share certificates and
other documents
O PANO Permanent Account
Number
O It can be obtained from
Authorized franchise
National Securities
Depository Ltd.
Step 8 and 9O TANO Tax Account NumberO The Tax Account
Number (TAN) is a 10 -
digit alphanumeric
number required of
anyone responsible for
deducting or collecting
tax.
O Register with the Office of
Inspector, Shops, and
Establishment Act
(State/Municipal)
O A statement containing the
employer-”s and manager-”s
names and the establishment’s
name (if any), postal address,
and category must be sent to
the local shop inspector
Step 10 and 11O VAT
O Value Added
Tax
O Register for
Value-Added Tax
(VAT) at the
Commercial Tax
Office (State)
O Profession Tax
O Register for
Profession Tax at
the Profession Tax
Office (State)
Step 12 and 13
O Provident fund
O Register with
Employees’
Provident Fund
Organization
(National)
O Medical insurance
O Register for
medical insurance at
the regional office of
the Employees’ State
Insurance
Corporation
(National)
After completion of above steps
our company will be ready to
incorporate
To start a company in Sipcot we
must have completed the above
step and do the remaining
What is SIPCOTO States Industries Corporation Of Tamil
Nadu
O It was started to develop the industrial
growth of Tamil Nadu
O Siruseri Sipcot is the only Sipcot which
hold IT company because
1.Emerging silicon valley
2.Booming industrial city
3.Talent pool
Why Chennai
Document needed
1.Brief project report
2.Tentative building layout plan
3.DD with an initial deposit of 5000
4.certificate of Incorporation and
Memorandum and Articles of
Association for Private / Public Limited /
Joint Sector Companies.
Continuation
O Firm registration certificate
O Industrial license
O List of director and share holder
O Reason for choosing the specific
land
Process
O All the document must be provided with the properly filled
application form
O 1 acre to lease for 99 year cost 4.1 crore
O Total amount can be given in one payment or as installment
O If all the detail are correct and amount paid on time the land will
be allocated with in 10 working days
O Company must take over the land with in 15 days of allocation
Construction Procedure
O After taking over the land the
construction must begin with in 6 month
O What happen if we fail so?
O With in 24 months super structure
must be completed
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