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.
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 Director of a private limited company has to be an Indian Citizen and Indian Resident. The other director(s) can be a Foreign National. Further a Private Limited Company should have atleast 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
- 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. Digital signature is required for 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 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 certificate of incorporation.
Step-5:- After getting Certificate of Incorporation, Open Current Account in bank and deposit the subscribed amount of MOA in the Bank Account.
Step-6 :- File e-form INC-20A (Declaration for commencement of business) with MCA within 180 days from the incorporation date along with Bank statement of the Company.
Step-7 :- File form DIR-12 for reporting of registered office of the Company, if proof of registered office not submitted in Spice form.
Step-8: Conduct the first board meeting of the Company within 30 days of Incorporation.
Frequently Asked Questions
1.How many person are required to incorporate a Private Limited Company?
A minimum of two person is required to incorporate a private limited Company.
2.What time it takes to incorporate a private limited Company?
If correct and requisite documents are submitted in Spice-32, usually it takes 4-7 days for company to be incorporated.
3.How do I obtain PAN/TAN and GST registration after the company is incorporated?
The PAN, TAN and GST of the Company is received along with the Certificate of incorporation of the Company. Now no separate application is required for obtaining these statutory documents.
4.Do I need to open a current account separately after registration of Company?
You can select your choice of Bank in AGILE Form while filing application for registration of Company. Once the company is incorporated, bank officials will contact for opening of bank account.
5.What are the compliances to be done after registration of Company?
The company has to do following compliances after registration:
- Convene a Board meeting within 30 days of incorporation
- File ADT-1 within 30 days of incorporation
- File INC-20 A (Commencement of Business) within 180 days
- File Director KYC form after April 01 of the current financial year