Registering a Private Limited Company in India involves several steps and requirements. Here's a detailed guide covering the process from start to finish:
Basic requirements for a private limited company
- Directors: Minimal administrators are required, with at the least one being a resident of India.
- Shareholders: minimal shareholders are required, and the maximum restriction is 2 hundred.
- Capital: No minimum capital requirement.
- Unique call: The proposed name of the employer must be specific and not already registered.
- Registered office: A physical deal with in India to function the registered office of the business enterprise.
Steps to register a private limited company
- Attain digital Signature certificate (DSC): directors have to gain virtual Signature certificates from government-approved companies.
- Acquire Director identification variety (DIN): directors must observe for a Director identity variety from the Ministry of company Affairs (MCA).
- Reserve the business enterprise name: post an utility to the Registrar of companies (ROC) for approval of the proposed enterprise name.
- Put together Memorandum and Articles of affiliation: Draft the Memorandum of affiliation (MOA) and Articles of association (AOA) defining the goals and guidelines of the organization.
- File Incorporation documents: publish the required documents, which include the MOA, AOA, and different incorporation forms, to the ROC.
- Pay charges and Stamp obligation: Pay the needful fees and stamp duty as according to the authorized capital of the enterprise.
- Acquire certificates of Incorporation: Upon successful verification of files, the ROC will difficulty a certificate of Incorporation.
Documents required for a private limited company
- Identity evidence and cope with evidence of administrators and shareholders.
- PAN card of directors and shareholders.
- Passport-sized pictures of directors.
- Evidence of registered office cope with.
- Memorandum and Articles of association.
- Declaration of Compliance by using directors and shareholders.
- Consent to act as directors.
Steps after private limited company is registered
- Achieve everlasting Account wide variety (PAN) and Tax Deduction and series Account wide variety (TAN): Follow for PAN and TAN with the earnings Tax branch.
- Open bank Account: Open a bank account in the name of the enterprise and deposit the initial capital.
- Check in for items and services Tax (GST): If relevant, sign up for GST with the GSTN.
- Compliance requirements: comply with annual submitting necessities inclusive of Annual Returns and monetary Statements with the ROC.conduct everyday board meetings, maintain statutory registers, and comply with different regulatory requirements.
- Compliance with different laws: make sure compliance with different relevant laws including the agencies Act, profits Tax Act, and other relevant statutes.
Registering a private company in India involves meticulous making plans, adherence to prison necessities, and well timed filings. attractive expert services or consulting with prison specialists can streamline the technique and make certain compliance with regulations.
Frequently asked Questions
Only a natural person can be a director in a company
You can start your Company from a Residential Address
The whole process including approval of DIN, Name, and Incorporation takes around 10-15 working days.
Yes, As per section 12 of the Companies Act, 2013 every Company needs a physical registered office in India.
The name of a private limited company can be changed at any time with the approval of the shareholders and Ministry of Corporate Affairs (MCA).
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