Gyan Ranjan
Anvi Staff answered 3 weeks ago
Procedure for Registering a Private Limited Company Online in India
A Private Limited Company (Pvt Ltd) in India is a popular business structure that limits the liability of its members and allows for ease in raising capital. Registering a Pvt Ltd company provides credibility and legal protection for business operations.
Eligibility Criteria
- Number of Directors: Minimum of 2 and a maximum of 15 directors.
- Number of Shareholders: Minimum of 2 and a maximum of 200 shareholders.
- Resident Director: At least one director must be an Indian resident.
- Company Name: The name must be unique and compliant with the Companies Act, 2013 guidelines.
Mandatory Requirements
- Directors must have a Director Identification Number (DIN).
- The company name must be approved by the Ministry of Corporate Affairs (MCA).
- A registered office address is required.
- Digital Signature Certificate (DSC) for all directors.
Documents Required
For Directors and Shareholders:
- Identity Proof: PAN Card (mandatory for Indian nationals).
- Address Proof: Passport, Aadhar Card, Voter ID, or Driving License.
- Residential Proof: Bank statement, utility bill, or telephone bill (not older than 2 months).
- Digital Signature Certificate (DSC)
For Registered Office:
- Copy of the latest utility bill (electricity, water, or telephone).
- Rent agreement (if the property is rented).
- NOC from the property owner.
Company Documents:
- Memorandum of Association (MOA)
- Articles of Association (AOA)
Online Registration Process
- Obtain Digital Signature Certificate (DSC):
- Apply for DSC from a certified authority (such as e-Mudhra, Sify, or NSDL).
- It is required for filing online forms on the MCA portal.
- Apply for Director Identification Number (DIN):
- Submit Form DIR-3 on the MCA portal to obtain DIN for directors (if not already available).
- Name Reservation (RUN Service):
- Use the Reserve Unique Name (RUN) service on the MCA portal to reserve the company’s name.
- Check for name availability to ensure compliance.
- Prepare MOA and AOA:
- Draft the company’s objectives and regulations in the MOA and AOA.
- Filing SPICe+ Form:
- Complete and submit the SPICe+ form (Simplified Proforma for Incorporating a Company Electronically).
- The form includes company incorporation, PAN, TAN, and GST registration.
- Submission and Payment:
- Upload the required documents and make the necessary payment online.
- Verification by ROC:
- The Registrar of Companies (ROC) verifies the submitted application and documents.
- Certificate of Incorporation (COI):
- Upon approval, the ROC issues the Certificate of Incorporation along with PAN and TAN details.
Timeline for Registration
- DSC Application: 1-2 days
- DIN Application: 1 day
- Name Approval: 1-2 days
- Filing SPICe+ Form and Document Verification: 3-5 days
- Issuance of Certificate of Incorporation: 2-3 days
Total Estimated Time: 7-10 working days
Benefits of Private Limited Company Registration
- Limited liability protection for shareholders
- Enhanced credibility and business opportunities
- Easy transferability of shares
- Tax benefits and better access to loans
Visit Government website: https://services.india.gov.in/service/detail/register-a-new-company-or-llp-mca
Sameer Staff answered 3 weeks ago
Registering a Private Limited Company (Pvt Ltd) online in India involves several steps, which are designed to be completed through digital means. Here’s the procedure:
1. Obtain Digital Signature Certificate (DSC):
All directors and subscribers need a Digital Signature Certificate (DSC) to sign documents electronically. DSCs are issued by licensed Certifying Authorities in India.
2. Apply for Director Identification Number (DIN):
Each proposed director must have a Director Identification Number (DIN). You can apply for this through the Ministry of Corporate Affairs (MCA) portal simultaneously while applying for the company name or in advance.
3. Name Reservation:
Use the SPICe+ Part-A form on the MCA portal to reserve a unique name for your company. You can suggest up to two names, and the system checks for uniqueness.
4. Preparation of Documents:
Memorandum of Association (MOA): Defines the company’s scope of operations.
Articles of Association (AOA): Details the internal regulations for running the company.
Other Documents: Include identity proofs (PAN card, Aadhar, etc.), address proofs of directors and shareholders, a proof of registered office address, and consent to act as director forms.
5. Filing Incorporation Form (SPICe+):
The SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) form is the main incorporation document that includes:
Part B: Application for registration, PAN, TAN, EPFO, ESIC, and Professional Tax Registration in some states.
Attachments: MOA, AOA, Declarations, and other required documents.
6. Payment of Fees:
Pay the government fees for incorporation, which vary based on the authorized capital of the company. The fee structure is tiered, with higher fees for companies with higher authorized capital.
7. Submit e-Forms:
After filling out the SPICe+ form and attaching all necessary documents, submit it online through the MCA portal. All directors and subscribers must digitally sign this form.
8. Verification and Approval:
The Central Registration Centre (CRC) will verify the documents and process the application. If everything is in order, the registrar issues the Certificate of Incorporation, which includes the Corporate Identification Number (CIN).
9. Post-Incorporation Compliance:
PAN and TAN: You will receive a PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number) automatically with the incorporation process.
Open a Bank Account: Open a bank account in the company’s name with the incorporation certificate and other documents.
Statutory Compliances: Ensure to file the first board meeting details, appoint an auditor within 30 days from incorporation, etc.
10. Additional Steps:
If there’s a need for a registered office address update within 30 days of incorporation or if any other post-incorporation compliances are required, address these promptly.
This process simplifies the registration of a Private Limited Company in India, making it largely paperless and faster. Remember, while these steps outline the general procedure, specific requirements might vary slightly based on the latest regulations or the unique circumstances of the company.
For detailed guidance, you might refer to the official resources or services provided by companies like Setindiabiz, IndiaFilings, or LegalWiz.in, which offer comprehensive assistance for company registration.