Incorporation of Company
- Registration completed in 7-10 business days
- Issuance of Company PAN and TAN
- Company Name Approval
- Issuance of Incorporation Certificate
- Drafting of MOA & AOA
- Provision of Digital Signature Certificates (DSC)
- Director’s Identification Number (DIN) secured
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What is a Private Limited Company?
Registering a company is the first step to start a business in India. If you are a startup and have high growth aspirations, then you should incorporate a Private Limited Company. Private Limited allows outside funding to be raised easily, limits the liabilities of its shareholders and enables Founders to offer employee stock options to attractgood talent.
Pvt Ltd company is incorporated under the Companies Act of 2013 and governed by the Ministry of Corporate Affairs (MCA). Private Limited Company can have a minimum of two members and a maximum of two hundred members. The directors of a private limited company have limited liability to creditors. In a case of default, banks / creditors can only sell company’s assets but not personal assets of directors.
Benefits of Registering a Private Limited Company
Registering a Private Limited Company offers many benefits.
- Separate Legal Existence
- Management and Ownership Separation
- Limited Liability of Shareholders
- Easy Fund Raising
- Transferability of Shares
- Improves Credibility and Trust and attracts good talent
Detailed Registration Process
The Ministry of Corporate Affairs governs the company registration process. The below registration process is basis the governing laws of MCA:
- Step 1: Application for DSC (Digital Signature Certificate)
- Step 2: Apply for DIN (Director Identification Number)
- Step 3: Application filing for Name availability
- Step 4: Drafting and Filing of eMoa and eAoA
- Step 5: Apply for PAN and TAN of the company
- Step 6: Certificate of Incorporation issued by RoCalong with PAN and TAN
- Step 7: Open a Current Bank account on the company name
Documents required for Private Limited Company Registration
In India, Private Limited Company registration cannot be done without proper identity and address proof. Prescribed documents will be needed for all the directors and the shareholders for the company incorporation. Listed below are the documents that are accepted by MCA for private Limited Company registration
Identity & Address Proof:
- Copy of Pan Card of Directors (mandatory)
- Voter Id card or Driving License or Passport
- Any one of: Bank Statement or Electricity Bill or Mobile Bill (not older than 2 months)
- Passport Size Photograph of Directors
Proof of Registered Office:
- Conveyance/ Lease deed/Rent Agreement etc. along with rent receipts (any one)
- Copy of the utility bills (Telephone/Gas/Electricity bill) (not older than two months) (any one)
- NOC from Landlord
Deliverables
Below listed are the deliverables if you get your Private Limited Company registered from LegalKart:
- DSC & DIN for 2 Directors
- Company Name Approval
- MOA + AOA
- Incorporation Certificate
- Company PAN Card
- Company TAN Number
- Bank Account Opening Document Support
Frequently Asked Question
Do I need to be physically present during this process?
No, new company registration is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.
Can foreign nationals incorporate a company?
Yes, foreign nationals can incorporate a company provided he is having a digital signature for filing incorporation documents and annual compliances of a company.
What is a Digital Signature Certificate? Who shall procure it?
Digital Signature Certificate is provided in the form of a token issued by Certified Authorities. Any form filed for online company registration in India shall be submitted after affixing the DSC of an Applicant. Also, the directors will require DSC for DIN application and the subscribers to MOA shall possess DSC for submitting e-forms for incorporation.
Is it necessary to obtain DSC for all the directors of a company?
As per Companies Act, it is mandatory for all the directors of the company to obtain DSC to verify the authenticity of all the documents filled.
What is Authorized Capital and Paid-up Capital?
Authorised capital shows the maximum amount of capital that a company can raise by way of issue of shares at present or in the future. Whereas, the Paid-up Capital refers to the actual amount raised by a company i.e.; amount paid by the shareholders on the issuance of shares. One can register a company in India by any amount of paid-up capital which can be less or equal to the authorized capital but not exceeding the authorized capital.
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