This Article First Published on myonlineca. So Lets Start Learn about the Private Limited Company Registration.
Step by Step Procedure to Register a Private Limited Company in India
Features of Private Limited Company
- Separate Legal Status
- Capacity to borrow
- Easy Transfer of shares
- Minimum number of Members : 2 ; Maximum number of Members : 200
- Minimum Capital : Nil {omitted by Companies (Amendment) Act, 2015}
- Limited Liability.
- Minimum number of Directors : 2
- Foreign investment permitted (subject to applicable Sectoral Cap as per FDI guidelines)
- Capacity to sue or to be sued
Procedure for Incorporation of Company
- Obtain Digital Signature Certificate (DSC) for the proposed Director / Promoter not having DSC;
- Obtain Directors Identification Number (DIN) for proposed Director / Promoter not having DIN by applying to Ministry of Corporate Affairs (MCA) in Form DIR-3;
Requirements for Form DIR-3
a) Passport Size Photograph
b) Identity Proof: PAN (mandatory) duly attested by Practicing Chartered Accountant / Practicing
c) Company Secretary / Practicing Cost Accountant
d) Address Proof: Passport / Aadhar / Telephone Bill / Electric Bill (not older than 2 Months) duly attested by Practicing Chartered Accountant / Practicing Company Secretary / Practicing Cost Accountant
e) Educational Qualification - Email Id and Mobile Number
- Apply for Reservation of Name in Form INC-1 along with the prescribed fees.
- On approval of Name of the proposed Company is received, the following Forms need to be filed;
-Form INC-7
-Form INC-22
-Form DIR-12 - On scrutiny and examination of the aforesaid forms, the concerned Registrar of Companies (ROC) shall issue Certificate of Incorporation of Company along with Corporate Identification Number (CIN).
Note: Certificate of Commencement of business is not required to be filed in Form INC-21 as the same has been omitted by the Companies (Amendment) Act, 2015. - Requirements for Form INC-7, Form INC-22, Form DIR-12
- Memorandum of Association & Articles of Association (MOA & AOA) along with subscribers sheet
- INC-8 duly notarized INC-9 duly notarized
- INC-10 duly verified by Banker or notarized
- Affidavit for non – acceptance of deposit
- Full address of Police Station under whose jurisdiction the registered office is situated
- Utility Bill (not older than two months) of the registered office premise
- Conveyance/Lease deed/Rent Agreement
- NOC from the owner of the premise, if taken on lease
- Form DIR-2
- Directors Directorship details in other Companies / LLPs, if anyHelpful Articles on Private Limited Company –
Helpful Article –
–LLP V/S Private Limited Company
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