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HOW TO START AN IT COMPANY 
IN SIPCOT 
TEAM MEMBERS ARUN, DICKSON, VJAYAN, GHANESH, 
VIJAYALAKSHMI, ARCHANA
AIM 
O How to start an IT company 
O How to start a company in Sipcot 
O What are all the benefits of starting a 
company ...
How to start an IT Company 
O There are 13 steps to start an IT 
company 
Step 1 
O Obtain DIN(Director Identification 
Nu...
Step 2 and 3 
O Obtain Digital 
Signature 
O What is DS 
O Digital signature is 
attached to an 
electronically 
transmitt...
Step 4 and 5 
O Stamp the 
company 
document 
O We can stamp 
our company 
document in state 
treasury or private 
bank 
O...
Step 6 and 7 
O Seal 
O Although making a 
company seal is not a 
legal requirement for the 
company to be 
incorporated, ...
Step 8 and 9 
O TAN 
O Tax Account Number 
O The Tax Account 
Number (TAN) is a 10 - 
digit alphanumeric 
number required ...
Step 10 and 11 
O VAT 
O Value Added 
Tax 
O Register for 
Value-Added Tax 
(VAT) at the 
Commercial Tax 
Office (State) 
...
Step 12 and 13 
O Provident fund 
O Register with 
Employees’ 
Provident Fund 
Organization 
(National) 
O Medical insuran...
After completion of above steps 
our company will be ready to 
incorporate 
To start a company in Sipcot we 
must have com...
What is SIPCOT 
O States Industries Corporation Of Tamil 
Nadu 
O It was started to develop the industrial 
growth of Tami...
Why Chennai
Document needed 
1.Brief project report 
2.Tentative building layout plan 
3.DD with an initial deposit of 5000 
4.certifi...
Continuation 
O Firm registration certificate 
O Industrial license 
O List of director and share holder 
O Reason for cho...
Process 
O All the document must be provided with the properly filled 
application form 
O 1 acre to lease for 99 year cos...
Construction Procedure 
O After taking over the land the 
construction must begin with in 6 month 
O What happen if we fai...
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  1. 1. HOW TO START AN IT COMPANY IN SIPCOT TEAM MEMBERS ARUN, DICKSON, VJAYAN, GHANESH, VIJAYALAKSHMI, ARCHANA
  2. 2. AIM O 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
  3. 3. How to start an IT Company O There are 13 steps to start an IT company Step 1 O Obtain DIN(Director Identification Number) O What is DIN O DIN is a unique number given to the potential director of the company
  4. 4. Step 2 and 3 O 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
  5. 5. Step 4 and 5 O 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)
  6. 6. Step 6 and 7 O 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 PAN O Permanent Account Number O It can be obtained from  Authorized franchise  National Securities Depository Ltd.
  7. 7. Step 8 and 9 O TAN O Tax Account Number O 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
  8. 8. Step 10 and 11 O 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)
  9. 9. 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)
  10. 10. 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
  11. 11. What is SIPCOT O 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
  12. 12. Why Chennai
  13. 13. 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.
  14. 14. Continuation O Firm registration certificate O Industrial license O List of director and share holder O Reason for choosing the specific land
  15. 15. 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
  16. 16. 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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