How to incorporate a Pvt. Ltd. company?

 The private limited company is a private firm, where all the shares are sold to the shareholders. This type of company is difficult to dissolve. In India, about 93% of the companies are enlisted under the Private Limited Company as it is a modest and popular form of business.

 The private limited companies are legislated by the Ministry of Corporate Affairs.

If you are looking to establish a private limited company, you are at the right place. Read on to know more about the incorporation procedure in detail.

What are the boons of the private limited company registration?

• By transferring the shares, it is easy to collect funds.
• Before the minimum number of the share capital was Rs 1 lakh. But now, there is no minimum capital required.
• No pressure of fund requirements.
• No risk to personal properties.
• It is a separate legal force.
• The members are given a limited liability.
• The company is very difficult to dissolve.
• The transfer is clear as distinguished to the transfer of a dividend in a company race as a proprietary responsibility or a treaty.

What are the necessities for the private limited company?

• The shareholders need to be a natural individual or an artificial legitimate force.
• The two shareholders are required in a private limited company.
• Minimum requirement of two directors.
• The directors of the company must be a citizen of India.
• There must be 200 members maximum.

How to incorporate a private limited company registration?

• The first step is to register to a private limited company and obtain the DSC (Digital Signature Certificate) of the Directors and Subscribers to MOA.
• The e-form is documented with the Ministry after attaching the DSC of the Authorised Signatory for Company Incorporation. It is also required for the petition of the DIN of the directors.
• The DSC of the subscriber is required to document MOA (Memorandum of Association) and AOA (Articles of Association).
• The Director Identification Number (DIN) allotment is maintained by the Ministry to the individual who is a director of the company.
• DIN is as important as PAN.
• Then, for the reservation of the name an application needs to be filled.
• The application is to be made in Form INC-1, where one can assign a maximum of six names in order of choice (the names applied are not similar or nearly matching any surviving Company or LLP or Registered Trademark).
• After the approval of the name, the applicant is stored for 60 days, in the remaining time one has to apply for the Incorporation of the Company, non-compliance of which leads to isolation of the name approved by the Ministry.
• After the reservation of the name, one shall continue preparing an Application of Certificate of Incorporation in SPICe form supported by SPICe MOA and SPICe AOA.
• The application is delivered by paying the requisite Stamp Duty as acceptable in the lawsuit of the worrying state on the portal.
• Once the application is accepted, the form for application of PAN and TAN of the company is developed online, which shall be accepted after connecting the DSC with MCA.
• After the confirmation of the application and statements provided, the concerned RoC may grant the Certificate of Incorporation (COI).
• COI is conclusive proof of the validity of the company.
• Whereas, the Date of Incorporation, Company Identification Number (CIN), and Permanent Account Number (PAN) is referred to with the signature and stamp of the Registrar.
• After the Certificate of Incorporation is approved, the company may start up the Business workout as the incorporation procedure is finished.

What are the documents required for incorporation?

• NOC from the property owner.
• If the Director does not have a DIN, then address proof and identity proof must be attached.
• According to the Trade Mark Act, it is mandatory to attach the trademark registration certificate or trademark application document.
• Affidavit on a Stamp Paper is to be given by all the members of the Company to state their eagerness to serve as the shareholders of the Company.
• Address proof.
• Rental agreement.
• Utility bills paper.
• Central Governments approval copy.

Conclusion:

Because of the stability provided in a private limited company, it is one of the top preferences of a majority of people and by following the procedure of registration with accuracy, you can get started with your own Pvt. Ltd. Company smoothly!

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