Company Incorporation Expenses

These days, most of my time is going in legal work, right from finding a office, incorporation and fetching a sales tax number. An economic times article mentioned that India government is going to facilitate company incorporation in just 1 day, which was reverted back to the conventional procedure within one week.

After enquiring with a couple of CAs and friends, I would be incorporating a private limited company in India from Bangalore. The steps involved

1.Applying for DIN (Director Identification Number) along with digital signature. 

2.Name Approval of the firm (6 best names to be given for consideration)

3.Drafting Memorandum and Articles of Association. 

4.Stamping, digitally signing and e-filing of various documents with the Registrar.

5.Payment of Fees.

6.Obtaining Certificate of Incorporation.

Although most the information is widely available over the web, a couple of documents require an authority's approval.

The entire process can last anything between 10 to 20 days and can involve the below mentioned costs. The figures mentioned are cost to be incurred by an entrepreneur who is availing services of a CA professional. The receipts of the same are provided apart from soft expenses, which go in the form of Bribe.

Pvt. Ltd. Incorporation - Cost Estimate
	DIN Submission	1000
	Name Approval	550
	ROC Filing Fees
	- Memorandum & Form 1	4000
	-Form 18	300
	-Form 32	300
	-Stamp Duty	2000
	Professional Fees	11030
		19180
	Buffer for Soft Expenses	5000

 Also please let me know if I have got any information incorrect. Have a good day.