How to Register a Company in India
After having a concrete idea for starting a company the most common question that arise is “How to Register a Company in India .”Company registration in India is now a very transparent and easy process, as it is completely online. While registering a company in India it is important to choose your business structure carefully as each business structure has different levels of compliances to be met with. For example, Private Limited Company, Limited Liability Partnership, One Person Company. The most preferred structure of registering a company is Private Limited Company.
How to register Private Limited company in India?
Follow the simple steps to register your Private Limited Company:-
Step 1: Obtain DSC (Digital Signature Certificate)
Step 2: Apply for DIN (Director Identification Number)
Step 3: Reserve your unique Name
Step 4: Form SPICe (INC-32)
Step 5: e-MoA (INC-33) and e-AoA (INC-34)
Step 6: PAN and TAN Application
Step 1: Obtain DSC(Digital Signature Certificate)
Digital signatures are required to file the forms for company formation. The registration process is online and the forms require a digital signature. DSC is mandatory for all subscribers and witnesses in the memorandum and articles of association. You can get your DSC online in just two days from here.
Step 2: Apply for DIN (Director Identification Number)
DIN is a Director Identification Number. It has to be obtained by anyone who wants to be a director in an Indian company. One DIN is suffice to be a director in any number of companies.
Step 3: Reserve your unique Name.
Reserve unique via RUN (Reserve Unique Name) form: In an attempt to ease procedures for new as well as existing companies, the Ministry of Corporate Affairs (MCA) has introduced RUN web service for the incorporation of a company. DSC and DIN shall not be required for filling of RUN form for reservation of name. With effect from March 23, 2018, Ministry has decided to permit two proposed Names and one re-submission while reserving Unique Names for the Companies.
Step 4: Form SPICe (INC-32)
Ministry of Company Affairs has introduced Form SPICe (INC-32). It is a simplified proforma for incorporating a company electronically. It serves the following purposes with the benefit of a single application:
Application for allotment of DIN (Director Identification Number)
Reservation of company name
Incorporation of a new company
Application for PAN and TAN
The digital signature of a professional is required to file Form INC-32. The professional must certify that all the information given in the form is correct. The professional can be Chartered Accountant, Company Secretary, Cost Accountant or advocate.
Also Read: All you need to know about form AGILE
Step 5: e-MoA (INC-33) and e-AoA (INC-34)
e-MoA refers to an electronic Memorandum of Association and eAoA is electronic Articles of Association. These forms have been introduced to simplify the process of company registration in India. Memorandum represents the charter of the company while articles of association contain the internal rules and regulations of the company.Earlier memorandum of association and articles of association were required to be filed physically. But now these forms are filed online on MCA portal as a linked form with SPICe (INC-32). Both these forms must be digitally signed by subscribers to the Memorandum and Articles of Association.
Step 6: PAN and TAN Application
Through this single form SPICe, you can also apply for company’s PAN and TAN.
FAQs
- What is the meaning of a private limited company?
A Private limited company, or LTD, is a type of privately held small business entity, in which owner liability is limited to their shares, the firm is limited to having 50 or fewer shareholders, and shares are prohibited from being publicly traded. A company becomes an independent legal structure when it incorporates.
- What are the characteristics of a private limited company?
Characteristics of Private Limited Company. Members– To start a company, a minimum number of 2 members are required and a maximum number of 200 members as per the provisions of the Companies Act, 2013. Limited Liability– The liability of each member or shareholders is limited.
- What documents are required to register a company in India?
- Photograph of all the Directors
- PAN Card of all the Directors
- ID Proof of all the Directors (Driving License/Passport/Voter ID)
- Electricity Bill or any other utility bill for the address proof of the Registered Office
- How much does it cost to register a private limited company in India?
Cost: One-time cost of registration at Ebizfiling is Rs. 6999/- for authorised capital up to Rs. 1 lakh, Inclusive of:
- 2 Digital Signature Certificates
- 2 Director Identification Numbers
- 1 Name Approval Application under RUN
- Stamp duty on INR 1 Lakh Authorized Capital
- Company Incorporation using SPICe
- MOA AOA
- PAN
- TAN
Get started with PVT LTD Company in India
- Do I need to register my new business?
For Sole proprietors there is no formal registration, but they can get it registered through SSI/MSME Registration or GST Registration. However, if you’re starting a Private Limited Company or Limited liability partnership (LLP), you are legally required to register with Registrar of Companies.
Get started with LLP Company in India
About EbizFiling.com :
EbizFiling.com is a motivated and progressive concept conceived by like-minded people, which helps small, medium and large businesses to fulfill all compliance requirements of Indian Laws.
Get in touch for a free consultation on [email protected] or call 9643203209.
Website - https://www.ebizfiling.com/
Visit Link - https://www.ebizfiling.com/blog/how-to-register-a-company-in-india/
GST Registration Documents, how to apply for gst number, online trademark registration
