Step 1: The first step is to apply for a digital signature certificate (DSC) –
According to the Ministry of Corporate Affairs, every director and shareholder of a private limited business must get a Digital Signature Certificate (DSC) (MCA). This DSC will be used on all papers for securely filing e-forms, as required by the Information Technology Act of 2000.
To apply for DSC, each applicant must provide the following personal information:
- Photos the size of a passport
- PAN (Permanent Account Number)
- Aadhaar Card is a unique identification card issued by the government of India.
- Phone Number
- Your email address
If one or more directors or shareholders are foreign nationals, their documents must be notarized and apostilled as well.
Step 2: Submitting an application for a name reservation
You’ve probably already considered a few names for your organization. Fill out the form with the best two to reserve a unique company name for your new private limited company. This form will require the assistance of practicing professionals to complete and submit. You have two options for names in the first round.
The fields on the form are as follows:
Select ‘Private Limited Company’ from the list of several types of company structures in the form. Producer Company, Unlimited Company, Section 8 Company, IFSC Company, Nidhi Company, and other company formats are examples.
Step 3: Proposed Company Filing Information
The form is where you fill in the most critical information about your company. Ascertain that all pertinent information is delivered to the practicing professional. It is divided into few sections:
Details about the capital: To begin, you must supply information on the overall capital you are bringing into the company, which is commonly referred to as authorized share capital.
Address of the Registered Office: Following that, you must enter the address of the office from where the company will operate, as well as contact information and an email address.
Details about the subscribers and directors are as follows: Each company director’s DIN (Director Identification Number) should be provided.
PAN (Permanent Account Number) and TAN (Taxpayer Identification Number) (Tax Deduction Account Number) Application: PAN and TAN accounts are required for your firm to conduct business and file taxes with the government.
We’re almost done here, declares the narrator. Simply sign with your digital signature to confirm that you are abiding by the Companies Act of 2013.
Professional Declaration and Certificate: The practicing professionals assisting you with the company registration process will be asked to present their digital signatures at the end of the SPICe+ Part B form.
Step 4: Incorporation Form Drafting and Filing
The practicing professional will design and file an Incorporation Form in accordance with the main clauses of the SPICe+ MOA (Memorandum of Association). Let’s fast and clearly comprehend the clauses!
Name clause: You must include your company’s chosen name, as well as the words “Private/Pvt Limited” after the name.
The registered office clause identifies the state in which your business is registered.
The object clause is the most crucial element since it requires you to state the principal object, which is your plan for dealing with company activities.
The liability provision establishes that the member’s obligation is limited by the number of shares he or she owns.
Step 5: Company Incorporation Certificate
After due check of your application and the records given, the MCA awards the Endorsement of Consolidation (COI). It is convincing evidence of the presence of the organization, wherein the date of Consolidation, Organization Distinguishing proof Number (CIN), and TAN are referenced with the sign and mark of the Enlistment center. Further, Clamor is designated to chiefs with the endorsement of enlistment.
The receipt of CIN is adequate confirmation of the lawful presence of your business and presently you are approved to do the business movement you set off to do.
This summarizes the organization enrollment process effectively. We trust that you are very clear and prepared to start your pioneering venture. In the event that you want further clearness or backing, you can drop a request here. We’ll be glad to be a piece of your fantasy adventure.