Companies Act 2013
1. Obtain Director Identification Number (DIN):
Ensure that all proposed directors of the company have a Director Identification Number (DIN) issued by the Ministry of Corporate Affairs (MCA). If they don’t have one, they can apply for it online through the MCA portal.
2. Digital Signature Certificate (DSC):
At least one director must obtain a Digital Signature Certificate (DSC). This certificate is required for online filing of documents during the registration process. You can obtain a DSC from private agencies authorized by the MCA.
3. Name Reservation:
Choose a unique name for your company and check its availability on the MCA portal. The name should adhere to the naming guidelines and restrictions specified by the MCA. Once you have a name, file an online application to reserve the name.
4. Preparation of Documents:
Prepare the necessary documents for registration, including:
5. Memorandum of Association (MOA):
This document outlines the company’s objectives, scope of activities, and internal regulations.
6. Articles of Association (AOA):
The AOA contains the company’s internal rules and regulations governing its operations and management.
7. Consent and Declaration:
All directors must provide their consent to act as directors and make declarations as well as required by the MCA.
8. Application for Incorporation:
File the application for incorporation through the Simplified Proforma for Incorporating Company Electronically (SPICe) form on the MCA portal. Provide the required details, such as the company’s registered office address, directors’ information, shareholders’ details, and share capital.
9. Pay the Registration Fees:
Pay the prescribed registration fees online based on the authorized share capital of the Companies Act 2013. The payment of fees for various processes and services related to company registration and compliance can conveniently make through the MCA (Ministry of Corporate Affairs) portal.
10. Verification and Approval:
The MCA will review the application and documents submitted. If everything is in order, the Registrar of Companies (ROC) will issue a Certificate of Incorporation, which serves as proof of the company’s registration. This certificate includes the Corporate Identity Number (CIN) of the company.
11. Post-Incorporation Requirements:
After registration, complete other post-incorporation requirements such as obtaining a Permanent Account Number (PAN), Tax Deduction and Collection Account Number (TAN), opening a bank account, and registering for Goods and Services Tax (GST) if applicable.
For more information visit this site: https://www.mca.gov.in
However, It’s important to note that the specific registration process and requirements may vary based on the jurisdiction and specific laws and regulations applicable in your country. So, it is advisable to consult with a professional, such as a company secretary or a lawyer, who can guide you through the registration process and ensure compliance with all legal requirements and procedures under the Companies Act 2013.
FAQs:
1.What is a Private Limited Company?
ANS: A private limited company is a business entity own by shareholders with limited liability, registered under the Companies Act, 2013.
2.What are the key features of a Private Limited Company?
ANS: Limited liability for shareholders, a separate legal entity, restrictions on share transfers, and a limit of 200 shareholders.
3.How many directors are required to register a Private Limited Company?
ANS: A minimum of two directors are necessary, with at least one is an Indian resident.
4.What is the minimum capital requirement for a Private Limited Company?
ANS: There is not mandatory minimum capital requirement under the Companies Act, 2013.
5.What documents are required for Private Limited Company registration?
ANS: PAN, identity proof, and address proof of directors and shareholders, along with the company’s registered office address.
6.How long does it take to register a Private Limited Company?
ANS: Typically, it takes 7-10 working days if all documents are in order and depending on the processing time of the Registrar of Companies (ROC).
7.What is the role of the Registrar of Companies ?
ANS: The ROC is responsible for approving the registration of companies, maintaining records, and ensuring compliance with the Companies Act.
8.Is a Digital Signature Certificate require for registration?
ANS: Yes, a DSC is also necessary for all proposed directors as well as shareholders to file documents online.
9.Can foreigners be directors or shareholders in a Private Limited Company?
ANS: Yes, foreign nationals can be both directors or shareholders, but at least one director must be an Indian resident.
10.What are the post-registration compliance requirements for a Private Limited Company?
ANS: The company must maintain statutory registers, file annual returns, hold board meetings, and comply with tax and other legal obligations.
Related Article:
Can a private limited company be a proprietor of a firm?
When company become pvt ltd?
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