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Registration For Pvt. Ltd.
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Registration For Pvt. Ltd.
Registering a Private Limited Company in India involves a structured process to establish a legal entity that is separate from its owners. Here is a brief description of the key steps involved:
- DSC: The first step is to obtain a Digital Signature Certificate for the proposed directors of the company. This is required for filing the incorporation documents electronically.
- DIN: Directors must obtain a Director Identification Number, which is a unique identification number assigned to individuals intending to be directors of a company.
- Choose a unique name for the company and check its availability. The name should adhere to the guidelines provided by the Ministry of Corporate Affairs (MCA).
- Draft the Memorandum of Association (MOA) and Articles of Association (AOA) defining the company’s objectives, rules, and regulations. These documents are essential for the company’s constitution.
- Prepare and submit the incorporation documents, including the application for company incorporation, along with the MOA and AOA. This process is done online through the MCA portal.
- Pay the prescribed fees for incorporation, which is based on the authorized capital of the company.
- Once the Registrar of Companies (RoC) approves the documents, they will issue a Certificate of Incorporation. This document signifies the formal establishment of the Private Limited Company.
- Apply for the company’s Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).
- Open a bank account in the name of the company and deposit the minimum capital as mentioned in the MOA.
- Ensure compliance with other statutory requirements such as obtaining the Goods and Services Tax (GST) registration, Professional Tax registration, etc.
- After completing all the formalities, the company can commence its business operations.
It is advisable to seek professional guidance from chartered accountants or company secretaries to ensure compliance with all legal requirements and streamline the registration process. The Ministry of Corporate Affairs (MCA) and Registrar of Companies (RoC) play crucial roles in overseeing and approving the incorporation process.