Registration
PRIVATE COMPANY REGISTRATION
Private limited company registration is governed by the Ministry of Corporate Affairs, Companies Act, 2013, and the Companies Incorporation Rules, 2014. To register a private limited company, a minimum of two adult persons are required to act as Directors of the company. One of the directors of a private limited company has to be an Indian Citizen and Indian Resident. The other director(s) can be a Foreign National. Farther, a Private Limited Company should have at least two Subscribers to the memorandum of Association.
Documents and information required for setting up Private Limited Company
- Digital Signature Certificate of Director/Shareholders
- Self-attested copy of PAN of all Director/Shareholders
- Self-attested Copy of Passport/DL/Voter ID of all Director/Shareholders
- Latest Bank statement of all Directors/Shareholders
- The object of the Company
- Capital of the Company
- Affidavit and Declaration by first subscriber and director
- Signed DIR-2 (Consent to act as a Director)
- Proof of Registered office of the Company
Brief steps for Registration of a Private Company
Step 1:- Obtain Digital Signature of the proposed Directors of the Company. A digital signature is required for the signing of the incorporation application (Spice Form)
Step-2:- Reserve a unique fresh name by making an application in Online web service i.e. RUN on the MCA portal. Please note the reserved name is valid till 20 days from the approval date.
Step-3:- File application form (Spice forms linked with AGILE form) with the MCA. Now Companies can obtain ESIC/Provident Fund Registration/GSTIN at the time of registration of the Company.
Step-4:- On being satisfied, CRC (Central Registrar Center) shall proceed to issue a certificate of incorporation.
Step-5:- After getting Certificate of Incorporation, Open Current Account in the bank and deposit the subscribed amount of MOA in the Bank Account.
Step-6:- File e-form INC-20A (Declaration for the commencement of business) with MCA within 180 days from the incorporation date along with Bank statement of the Company.
Registration
Registration
ONE PERSON COMPANY REGISTRATION
As per Section 2(62) of the Company’s Act 2013, a company can be formed with just 1 Director and 1 member. It is a form of a company where the compliance requirements are lesser then that of a private company. One Person Company is a separate legal entity from it’s promoter, offering limited liability protection to it’s sole shareholder while having continuity of business and being easy to incorporate. Only a natural person who is an Indian Citizen and resident in India can incorporate OPC.
Brief Procure for Registration of a Private Company
Step 1:- Obtain Digital Signature of the proposed Directors of the Company. A digital signature is required for the signing of the incorporation application (Spice Form)
Step-2:- Reserve a unique fresh name by making an application in Online web service i.e. RUN on the MCA portal. Please note the reserved name is valid till 20 days from the approval date.
Step-3:- Drafting of Memorandum of Association (“MOA”) and Article of Association (“AOA”).
Step-4:- File Single Application for Incorporation of Company, along with the consent of such nominee obtained in Form INC – 3 with all necessary attachment with the MCA
Step-5:- On being satisfied, CRC (Central Registrar Center) shall proceed to issue a certificate of incorporation.
Step-6:- After getting Certificate of Incorporation, Open Current Account in the bank and deposit the subscribed amount of MOA in the Bank Account.
Registration
WHOLLY OWNED SUBSIDIARY COMPANY REGISTRATION
A Wholly Owned Subsidiary Company is an entity of which 100% shares are held by another company whereas when a foreign company makes 100% FDI (Foreign Direct Investment) in India through an automatic route, the Indian company becomes the Wholly Owned Subsidiary of that Foreign Company. A foreign company planning to set up business in India may incorporate a company under the Companies Act, 2013 as a joint venture or wholly-owned subsidiary or Set up Liaison Office/ Representative Office or a Project Office or a Branch Office of the foreign company which can undertake activities permitted under the Foreign Exchange Management( Establishment in India of Branch Office or Other Place of Business) Regulations, 2000.
Documents and information required for setting up Wholly Owned Subsidiary Company
- Digital Signature Certificate of Director/Shareholders
- Self-attested copy of PAN of all Director/Shareholders
- Self-attested Copy of Passport/DL/Voter ID of all Director/Shareholders
- Latest Bank statement of all Directors/Shareholders
- The object of the Company
- Proposed Capital of the Company
- Affidavit and Declaration by first subscriber and director
- Signed DIR-2 (Consent to act as a Director)
- Proof of Registered office of the Company
Note:- All documents should be self-attested, notarised and duly apostilled in case of foreign national/parent company.
Brief Procedure for Registration of a Private Company
Step 1:- Obtain Digital Signature of the proposed Directors of the Company. A digital signature is required for the signing of the incorporation application (Spice Form)
Step-2:- Reserve a unique fresh name by making an application in Online web service i.e. RUN on the MCA portal. Please note the reserved name is valid till 20 days from the approval date.
Step-3:- Drafting of Memorandum of Association (“MOA”) and Article of Association (“AOA”).
Step-4:- File an application in form Spice 32 form with all necessary attachment with the MCA.
Step-5:- On being satisfied, CRC (Central Registrar Center) shall proceed to issue a certificate of incorporation.
Step-6:- After getting Certificate of Incorporation, Open Current Account in the bank and deposit the subscribed amount of MOA in the Bank Account.
Step-7:- File e-form INC-20A (Declaration for the commencement of business) with MCA within 180 days from the incorporation date along with Bank statement of the Company.
SECTION 8 COMPANY REGISTRATION (NGO)
Section 8 Company is a Non- Profit Organization that get Special License from Central Government under Section 8 of the Companies Act, 2013 (the Act) and intends to carry on objects of the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment or any such other object.
A section 8 Company intends to apply it’s profits, if any, or other income in promoting it’s objects and intends to prohibit the payment of any dividend to it’s members
Section 8 Company can be registered as a private limited company, with a minimum of two adult persons to act as Directors of the company. One of the directors of a company has to be an Indian Citizen and Indian Resident. The other director(s) can be a Foreign National.
Documents and information are required for setting up Section 8 Company
- Digital Signature Certificate of Director/Shareholders
- Self-attested copy of PAN of all Director/Shareholders
- Self-attested Copy of Passport/DL/Voter ID of all Director/Shareholders
- Latest Bank statement of all Directors/Shareholders
- The object of the Company
- Capital of the Company
- Affidavit and Declaration by first subscriber and director
- Signed DIR-2 (Consent to act as a Director)
- Proof of Registered office of the Company
- Projected 3 Years Balance sheet
- Assets and Liability Statement
Brief steps for Registration of a Section 8 Company
Step 1:- Obtain Digital Signature of the proposed Directors of the Company. A digital signature is required for the signing of the incorporation application (Spice Form)
Step-2:- Reserve a unique fresh name by making an application in Online web service i.e. RUN on the MCA portal. Please note the reserved name is valid till 20 days from the approval date.
Step-3:- Drafting of Memorandum of Association (“MOA”) and Article of Association (“AOA”). MOA of Section 8 Company must be in form INC-13 while they’re is no format prescribed for Articles of Association for Section 8 Company.
Step-4:– After Name approval, File application in INC-12 to the Registrar for a license under sub-section (1) of section 8 with necessary attachments along with prescribed fees.
Step-5:- Once the form INC-12 is approved, License under section 8 will be issued in Form INC-16 which required to be attached in form SPICe.
Step-6:- File application in e-form Spice 32 along with necessary attachments with the MCA.
Step-7:- On being satisfied, CRC (Central Registrar Center) shall proceed to issue a certificate of incorporation.
Step-8:- After getting Certificate of Incorporation, Open Current Account in the bank and deposit the subscribed amount of MOA in the Bank Account.
Step-9:- File e-form INC-20A (Declaration for the commencement of business) with MCA within 180 days from the incorporation date along with Bank statement of the Company
Registration
Registration
NIDHI COMPANY REGISTRATION
Nidhi Company Registration is Regulated by the Ministry of Corporate Affairs and all the activities are done as per the provisions of Nidhi Rules, 2014. A Nidhi Company is registered as a Public Limited Company with a minimum of 7 members and uses suffix “Nidhi Limited” with the name of the Company.
A Nidhi Company carries on the business of accepting deposits and lending the same on demand and is similar to NBFC but the only basic difference between the two is that Nidhi Companies can accept deposits and lend money only from/to it’s members. The main aim of these companies is to work for the mutual benefit of it’s members. These companies are not entitled to carry on the business of Hire Purchase Financing, Insurance, Chit Funds, and Acquisition of securities or Issue of any Debt Instruments.