Private Limited Company is the most popular and easy way for Indians as well as NRIs, to start their business in India. It is basically more popular among the small and medium-sized businesses. Private Limited Company is a separate legal entity, having perpetual existence, as well as have the ability to raise equity funds and providing limited liability protection to the shareholders. Its restricts its rights, to transfer its shares and also prohibit any invitation to the public to subscribe for any securities of the company.
Basic requirements to form Private Limited Company, is that there should be minimum Two Directors, minimum two and maximum 200 shareholders and paid-up capital should be of Rs. 1 Lacs. Private Limited Company Registration is governed by the Ministry of corporate affairs, Companies Act, 2013, and the Company Incorporation Rules.
The procedure required for the Company Registration are as follows:
1. The first requirement is to search on MCA site and trademark site whether the proposed name already exists or not.
2. If not exists then, the first step is to acquire DSC of the directors and subscriber to the memorandum.
3. The second step is to obtain DIN of all directors and subscribers. It is a Unique Identification Number allotted to the directors after filling form DIR-3 along with the following documents- address proof, ID proof, Passport size photograph, education qualification details, Email-id, Mobile Number.
4. When above requirements are fulfilled, then the application for the name reservation has to be filled in form INC-1 and only six names can be applied as per in order of preference, but it should be in coordination with the principal object of the company as set out in a memorandum of association. After the approval of name, letter of name approval has been issued by the ROC. Within the 60 days of the applicability of name, one has to apply for the incorporation.
5. Further, we have to file Spice form along with certain documents i.e. relating to address proof of directors, utility bill not older than 2 months, rent agreement, NOC from the owner, Id proofs and certain declarations as required as per the provisions of the Companies Act.
6. Spice form should be accompanied with spice_ MOA and spice_ AOA. AS now, we did not require to draft it physically.
7. Moreover, along with the filling of these forms, the applicant also has to pay requisite stamp duty, as applicable to the state concerned.
8. Once the forms have been filled to the concerned ROC, then FORM 49A and 49 B will be generated online for the application of PAN and TAN of the company. After submitting these form by affixing DSC on MCA. If the registrar of the company is satisfied after the verification of documents, then Certificate of Incorporation having CIN number and Pan and Tan of the company will be issued.
9. Once the COI is issued, the person can commence its business. It is the evidence of the registration of the company. Here the process of incorporation is completed.
With the introduction of spice-form after submitting the documents, if no objection is raised from the concerned ROC a company can be incorporated within a short span of time.
Enterslice is engaged in providing services, of Company Registration on day to day basis. We have a team of chartered accountants, company secretaries and other professionals which are highly qualified in providing these services. We take all the responsibilities including drafting of documents, filling of forms, Liaoning with the department and resolving of any query, if any raised by the department and remain with client till the Certificate of Incorporation is issued. Even though, we provide post-incorporation services also like the appointment of statutory auditor. Detail procedure is provided on our website i.e. www.enterslice.com. For further information can also mail us at info@enterslice.com our professionals will help without any charge.
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