PRIVATE LIMITED COMPANY REGISTRATION IN INDIA
January 20, 2020
WHAT IS PRIVATE LIMITED COMPANY REGISTRATION?
Private Limited Company Registration is one of the most popular legal entity in India. In simplified terms, it is a proper company registration in India with the ministry of corporate affairs and gives you rights doing business anywhere in India or outside. MCA register your Pvt ltd company registration and provide to you CIN Number with Certificate of Incorporation. At the end of the process, you have to simply open a current bank account on the Company Name on the basis of Certificate and Start your Company Operations.
WHAT IS PVT LTD COMPANY REGISTRATION RULES?
- Require a minimum of 2 directors or partner in the Private Limited Company.
- The Companies Amendment Act, 2015 relaxed the minimum paid-up capital requirement, but it was not made zero paid-up capital
PVT LTD COMPANY REGISTRATION ONLINE
Pvt Ltd Company Registration Online is possible through official MCA Govt Website but the problem i.e you can’t do it your self the Pvt ltd company registration. Because it is required the additional digital signature Attestation from a Practicing Chartered Accountant or Company Secretary or Lawyer etc.
PRIVATE LIMITED COMPANY REGISTRATION PROCESS
Simple 5 Steps Process to Register Your Private Limited Company in India
- Apply for the Digital Signature Certificate (DSC) for all the Person who’s are will be the director in the Private Limited Company.
- Apply for the DIN Registration for all the Person who’s will be the director in the Pvt Ltd Company.
- Now Just check about the Private Limited Company Name availability on the MCA Portal & Apply for the Name approval of the Company. with RUN Form.
- Once the name has been approved, Proceed with the SPICe(INC 32) Private Limited Incorporation Form with the E-MoA & E-AOA of the Pvt Ltd Company.
- Now Apply for the PAN & TAN Application for the Private Limited Company which is issued with the Certificate of Incorporation.
- Directors Personal Pan Card Copy
- Directors Aadhar Card/Voter id/Passport/Driving License Copy anyone for the identity verification.
- Passport Size Photograph
- Company Business Address Proof like Electricity Bill Copy with the NOC or Rent Agreement or Sale Deed
- Easily Setup and recommend to Growing Startups.
- Limited Liability for Members.
- More Credibility as Compare to others.
- Easily raise funds from Investors.
- ESOP Option is available to motivated Employees.
- Name Protection available.
PVT LTD COMPANY REGISTRATION NAME AVAILABILITY
Basically, in the private limited company, you have to choose a unique name. because once a name has been registered with the MCA then no one other company take over the same name. It’s just like Brand Registration.
So you have to provide 3-4 name during the name approval process during the Private Limited Company Registration Process. once you provide the company name, then MCA will check the same and approved as per the name availability rules and regulations.
HOW MUCH TIMES TAKES TO REGISTER YOUR PVT LTD COMPANY ?
There is no Standard Timeline for the Private Limited Company Registration. Its all depend on the Documents Submission and Incorporation Forms.
if we talk about the DSC & DIN then it takes min 1-2 days, for the Name approval its all depend on the govt which takes avg 2-3 days. so you can takes min 10 days to complete your whole incorporation of the private limited company.
HOW TO REGISTER A PVT LTD COMPANY IN INDIA
Step 1. Application for DSC (Digital Signature Certificate).
Digital Signature is the first step to form a private limited company. All the reforms are online so it is required the digital signature instead of the physical signature. In the MOA & AOA of the company, all the directors or subscriber required the digital signature.
Digital signature prepared by the govt authorized authority only such as Emdura or Sify etc. These certifying agencies provide the digital signature in under class 2 and class 3. mainly its required the class 2 DSC Only. if we talk about the DSC Cost then it cost around 1000/- INR per DSC.
Step 2. Apply for the DIN (Director Identification Number)
DIN is mandatory to become the director of any company. Only one din is allowed for one person. so after the obtaining DSC, you have to required to apply for the DIN. There are 2 ways to apply for the Digital Signature Certificate.
#1 DIR – 3: If you are existing private limited company in India and now want to establish another company then you can file the DIR-3. you have to submit the all directors identity and address proof like pan card with aadhar card etc. but remember from January 2018 it has been outdated.
#2 SPICe (INC32 Form): This is a new option after Jan 2018 for the new companies. You have to require the fillup new SPICe INC 32 Form with the director details & documents. but wait ! you can incorporate with only 3 directors for the same if any case you have more directors then you can appoint them after the incorporation of the Pvt Ltd company.
Step 3. Application for the Name availability.
This is one of the most important steps during the private limited company incorporation. you have to choose a unique identity name for your company. there are 2 ways to register or book your name for the private limited company.
#1 Let suppose before apply for the DSC or DIN if you want to book your private limited company name with the MCA then you can use the newly RUN ( Reserve Unique Form) for the same. but remember it gives you only 1 chance to submit your company name if any case due to trademark violation or existing company names violation your application will be rejected then you have to again apply for the same. so you have to follow the company registration name guidelines. but Don’t worry there is relaxation from 23rd March 2018, Now you can submit the 2 proposed name with the 1 resubmission through RUN Form.
#2 This is one of the fasted ways to get register your private limited company with the government. In this way, you have to submit the SPICe INC 32 Form with the proposed name if your name is approved then your whole company has been registered for the same. but remember if any case your name is rejected then there is only 1 more chance to resubmit the application without any extra govt charges. but if you still fail in the 2nd option then you have to again start the process from scratch and pay the government fee for the SPICe inc32.
Step 4: Filing of the EMOA and EAOA for the register private limited company :
Previously before introducing the SPICe’s form, you have to require the file MOA & AOA of the Company physically paper to the MCA but after the introduce new SPICe’s form you have to just attach Electronic MOA & AOA of the Company.
Step 5: Apply for the PAN & TAN of the Company
Previously before introducing the new forms, during the private limited company registration required to separately apply for the PAN & TAN for the same. but now you can apply through SPICe’s form together.
Step 6: Issued Certificate of Incorporation by RoC with PAN & TAN
If everything is perfect and approved by MCA Registrar of Companies then they will be issued Certificate of Incorporation with PAN & TAN for the same.
Step 7: Opening a Current Bank Account on Company Name –
So this is the last step for your private limited company. after the getting certificate of incorporation, you have to simply open a current bank account as per your choice on the basis of the documents which is provided by us.