Private Limited Company Registration is the most general and suitable form of entity for carrying out business in India with a long term objective. A Private Limited Company Registration is governed by the Companies Act 2013. The business under this structure can be started by making investment through the equity shares in the Company. It has the advantage over other forms of business structure as it has limited liability, greater stability and recognition. The Basic Requirement for a new Company Incorporation in India is to have Minimum Two Directors and Two Shareholders (Both can be same as well).
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DOCUMENTS REQUIRED TO INCORPORATE COMPANY IN INDIA:
- Self-attested copies of pan cards of all directors.
- Self-attested copies of id proof like Passport/Aadhaar/Voter Id.
- Self-attested copies of address proof like bill/ bank statement
- Passport size Photos of all directors.
- Valid email id & contact number of directors.
- Address proof for registered office like electricity bill/utility bill not older than 2 months.
Before going for Company registration it’s important to have a broader idea about the major Amendments in Company Incorporation Process. Ministry of Corporate Affairs (MCA) has introduced new web forms for Company registration in India based on the Companies Act, 2013. The Ministry of Corporate Affairs (MCA) under the ease of doing business initiative has introduced the new SPICE+ web form which is a linked form for Company incorporation in India. The new web form contains various registrations like:
- DIN i.e. Director Identification Number
- Company Incorporation Certificate
- PAN Number
- TAN Number
- GST i.e. Goods and Service Tax Registration
- Allotment of Ban Account No.
- EPFO Registration
- ESIC Registration
PROCEDURE FOR COMPANY REGISTRATION
- 1. Name approval
First of all, one needs to decide the name of the proposed Company which will be applied to MCA for approval. Names provided should ideally be unique and suggestive of the business activity of the Company.
- 2. Application of DSC
The next step is to apply for Digital Signature Certificate. Digital signature is an online signature used for signing the e-forms with the Ministry.
- 3. MOA & AOA Preparation
Once the name is approved, required incorporation and subscriber documents are prepared along with the Memorandum of association and Articles of Association. These contain the rules & byelaws of the company as per the Companies Act, 2013.
- 4. Filling of the Application form
The Government has simplified the procedure and has introduced a single web form for all necessary applications i.e. Spice+. Hence, application for Company registration, DPIN, PAN TAN, ESI, EPF, GST and Bank Account Number for the company can be applied along with the incorporation application.
- 5. Get incorporation certificate
After filing the web form SPIC+ with the ministry the MCA takes its time to check, verify and review the incorporation application. After doing the same the Forms are approved and the Certificate of Incorporation is generated. The COI contains the CIN i.e. Corporate Identification Nubmer, Date of Incorporation and the PAN, TAN number of the newly incorporated company.
Caservices can be availed, as they help in incorporation of new company, compliance, advisory, and management consultancy services to clients.
To know more visit: What is Advance Tax and Due Dates for Advance Tax Payment
Ques. What are the Compliances to be done after company formation?
Ans. After Company Formation, The Very first Step is to transfer the share application amount in the bank account and file form for Commencement of Business, Prepare of office stationery i.e. letter head, stamps etc., and appointment of the first auditor of the company.
Ques. Who can be the member of a Company incorporated in India?
Ans. Any individual or organization can become the member of company.
Ques. What is the validity period of Certificate of Incorporation Issued by the ROC?
Ans. Once a Certificate of Incorporation (COI) is issued by the Registrar of Companies, it is valid for the lifetime of the company.
Ques. How can we check whether the company registration process is complete?
Ans. Once the Company is successfully incorporated the master data is generated on the Ministry of Corporate Affairs website and can accessed by the public.
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