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To register a Private Limited Company in India, several key steps are involved, including obtaining a Digital Signature Certificate (DSC), Director Identification Number (DIN), reserving a company name, preparing incorporation documents, and filing them with the Ministry of Corporate Affairs (MCA). Here’s a more detailed FAQ:
- What is a Private Limited Company (PVT LTD CO.)?
A Private Limited Company is a separate legal entity that can be formed by a minimum of two members and two directors. It offers limited liability to its shareholders, meaning their personal assets are protected from company debts.
- What are the minimum requirements for forming a PVT LTD CO.?
Members: Minimum two shareholders, Maximum 200.
Directors: Minimum two directors, with at least one being an Indian citizen. (Maximum 15)
Share Capital: While there’s no fixed minimum, it’s recommended to have sufficient capital for operations.
Registered Office: A physical office address in India is required.
Documents: Memorandum of Association (MOA), Articles of Association (AOA), and other required forms.
- What documents are required for registration?
Identity Proof: PAN card, Aadhaar card, passport, etc.
Address Proof: Aadhaar card, voter ID, driver’s license, etc.
Proof of Registered Office: Rent agreement, NOC (No Objection Certificate) from the property owner, or a property deed.
DSC and DIN: For all directors.
MOA and AOA: Prepared and signed by all directors and shareholders.
Consent and Declarations: From directors and shareholders.
- How do I obtain a DSC and DIN?
DSC: You can apply for a DSC from a recognized certifying authority. https://digisolutionsent.in/dsc/
DIN: Apply for a DIN through the MCA portal.
- What is the company name approval process?
Choose a Unique Name: The name should be unique and reflect the business activity.
Reserve the Name: Use the MCA’s RUN (Reserve Unique Name) service to reserve the name.
Approval: The Registrar of Companies (RoC) approves the name.
- What are the key steps in the incorporation process?
Obtain DSC and DIN:
Reserve Company Name:
Prepare Incorporation Documents: MOA, AOA.
File Incorporation Forms: SPICe+ form with the MCA portal.
Obtain Certificate of Incorporation: The RoC issues the certificate after verifying documents.
- What happens after incorporation?
Apply for PAN and TAN: Required for tax purposes.
Open a Bank Account: In the company’s name.
Issue Share Certificates: To all shareholders.
Statutory Compliance: Follow all regulatory requirements.
- How long does the registration process take?
The registration process can take approximately 1-2 weeks, but it can vary depending on the complexity of the process.
- Can a single person form a PVT LTD CO.?
No, a PVT LTD CO. requires a minimum of two members and two directors. However, one person can be the director and shareholder.
- What are the ongoing compliance requirements?
Annual General Meetings (AGMs): Required for shareholders.
Financial Reporting: Filing financial statements and annual returns with the MCA.
Tax Compliance: Paying taxes and filing tax returns.