Nowadays, many founders dive headfirst into building their dream product after completing their Startup India Registration. Well, the question arises: what about the legal side after Startup India Registration? This is particularly because navigating the regulatory landscape in India is tough, and what looks simple on the surface—just starting a business—is actually a complex web of rules. It includes income tax filings, labor laws, corporate governance, and even payroll compliance services. Truly, even a small delay in legal compliance can lead to major penalties.
This is why, to ensure a smooth takeoff, startups must follow a strict roadmap to register as a company properly. Having said that, in this blog, we will discuss everything you need to know about mandatory registrations in your first 90 days, along with some other key factors that can make your operations smoother and stress-free.
The First Steps: Post-Incorporation Reality
Once you finish your company registration with the MCA, the real work begins. It’s not just about having a name on a certificate; it’s about establishing a legal identity the government actually recognizes. A typical process involves these tasks:
- Opening a current bank account (do this immediately!).
- Appointing your first Auditor within 30 days.
- Filing the “Commencement of Business” declaration.
Tax Registrations and Income Tax Rules
Legal compliance is basically following all laws related to GST, direct taxes, and state levies after Startup India Registration. Further, non-compliance can lead to frozen accounts or heavy interest. On the other hand, professional consulting services, payroll compliance services, and outsource payroll services help in making sure everything is secured early.
PAN and TAN
While you get a PAN during company registration, you must apply for a TAN if you plan to hire anyone. You need this to deduct TDS on salaries. Without it, income tax authorities can be quite difficult to deal with.
GST Registration
If you sell across state lines or hit the turnover limit, GST is a must. Even if you are small, registering early helps you get tax credits back on your purchases.
Risk Management and Compliance Audits
For a new business, risk management isn’t just a fancy term; it’s about staying out of legal trouble. Conducting regular risk assessments helps you find gaps in your paperwork before they become expensive mistakes. This is where a periodic compliance audit comes in handy. These audits usually cover:
- Keeping your statutory registers updated.
- Checking your income tax and GST filings for errors.
- Ensuring you follow the Companies Act rules.
- Organizing your labor law documentation.
Why Founders Choose Professional Consulting Services
Rules change all the time. Keeping track of every update while running a startup is tough and difficult. This is why more founders choose to outsource. By partnering with experts for consulting services, you gain peace of mind and professional help.
Benefits of getting help:
- Better risk assessments to catch errors early.
- Accurate and timely statutory filings.
- Full legal compliance across different states.
- Less paperwork for you, more time for growth.
Conclusion
Selecting the right roadmap can streamline your entire business. From the first day you register as a company to handling ongoing risk management, it’s just a smart choice to get things right. If you find yourself overwhelmed by the paperwork, maybe you need someone to take care of it for you, so you can focus on scaling.
Ready to secure your startup’s legal future? At
Futurex Management Solutions Limited, we take all the responsibilities of mandatory registrations and consulting services. From conducting a compliance audit to managing your income tax filings, our services ensure reliability and total peace of mind.
Ready to complete your Startup India Registration without compliance stress?
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