Friends,
If you want to make a Private Limited Company in India then now-a-days it is very easy to register for your company ONLINE. There are some simple steps which we will discuss here. As you reach this article how to form a private company means you want to go through the basic and step by step guidelines to set up a private limited company. We will discuss in this article various formalities associated with company formation. There are lots of advantages of a private company over a partnership firm as it is a separate legal entity, limited liability of members, equitable distribution of profits, tax benefits. We will discuss all above topics on future articles, but here we will brief only for setup a private company in India.
Now company registration/formation is very easy with online involvement powered by MCA21 program launched by Ministry of Company Affairs (MCA). You can easily go through via ‘MY MCA Portal’.
Directors of the Company
First acknowledge the Directors of the Company. Minimum of two directors need to present and Maximum of 8 is allowed. All Directors should have DIN (Directors Identification Number). If you do not have one you can apply DIN online at www.mca.gov.in. It will allot provisional DIN immediately.
Register the name of the company
After obtaining DIN, you need to apply for the company name. You should give 5-6 names in the order which you prefer. It will be applied on e-Form 1A, online. The fees are Rs. 500/-. You can pay through your credit card or available option. It took normally 2 to 3 days to get the name locked. You can check the availability of the name at MCA Portal by clicking ‘Track Transaction Status’. If the name is not available you can apply for the fresh name on same application.
Incorporation
After register the name with Registrar, you must complete registration within 60 days from the date of approval of name by Registrar (Reduced from ’6 months’ vide companies (Central Government’s) General Rules and Forms (Third Amendments) Rules, 2007, we.f. 19.11.2007
The following documents are to be filed with fees electronically.
Statutory declaration in e-form 1.
Memorandum of Association (Scanned Copy)
Articles of Association (Scanned Copy)
Power of Attorney
e-Form 18 – Notice of situation of registered office.
e-Form 32 – Particulars of Directors
You have to submit the following documents to ROC office with the covering letter.
Copy of memorandum and Articles of Association duly stamped and signed by promoters.
Form No. 1 on stamp paper of requisite value.
Power of Attorney from all the promoters.
Copy of SRN Challan.
The ROC will send the certificate of incorporation shall be sent to you by post. You can check the status by filling up the SRN Challan number. You will also receive email from MCA office along with incorporation certificate.
Opening Bank Account on the name of company
The company now can open a bank account in its name for which a copy of the memorandum and articles of association will be submitted to banker.
Apply for PAN and TAN
Click to know how to apply PAN
For More information Go to : http://www.mca.gov.in/Ministry/faq_userreg.htm
Now company registration/formation is very easy with online involvement powered by MCA21 program launched by Ministry of Company Affairs (MCA). You can easily go through via ‘MY MCA Portal’.
Directors of the Company
First acknowledge the Directors of the Company. Minimum of two directors need to present and Maximum of 8 is allowed. All Directors should have DIN (Directors Identification Number). If you do not have one you can apply DIN online at www.mca.gov.in. It will allot provisional DIN immediately.
Register the name of the company
After obtaining DIN, you need to apply for the company name. You should give 5-6 names in the order which you prefer. It will be applied on e-Form 1A, online. The fees are Rs. 500/-. You can pay through your credit card or available option. It took normally 2 to 3 days to get the name locked. You can check the availability of the name at MCA Portal by clicking ‘Track Transaction Status’. If the name is not available you can apply for the fresh name on same application.
Incorporation
After register the name with Registrar, you must complete registration within 60 days from the date of approval of name by Registrar (Reduced from ’6 months’ vide companies (Central Government’s) General Rules and Forms (Third Amendments) Rules, 2007, we.f. 19.11.2007
The following documents are to be filed with fees electronically.
Statutory declaration in e-form 1.
Memorandum of Association (Scanned Copy)
Articles of Association (Scanned Copy)
Power of Attorney
e-Form 18 – Notice of situation of registered office.
e-Form 32 – Particulars of Directors
You have to submit the following documents to ROC office with the covering letter.
Copy of memorandum and Articles of Association duly stamped and signed by promoters.
Form No. 1 on stamp paper of requisite value.
Power of Attorney from all the promoters.
Copy of SRN Challan.
The ROC will send the certificate of incorporation shall be sent to you by post. You can check the status by filling up the SRN Challan number. You will also receive email from MCA office along with incorporation certificate.
Opening Bank Account on the name of company
The company now can open a bank account in its name for which a copy of the memorandum and articles of association will be submitted to banker.
Apply for PAN and TAN
Click to know how to apply PAN
For More information Go to : http://www.mca.gov.in/Ministry/faq_userreg.htm
