how to register a company
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
1. 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.
2. 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.
3. 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
4. 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
5. 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 free
consultation on info@ebizfiling.com or
call 9643203209.
Website - https://www.ebizfiling.com/
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