A private limited company is one of the most popular types of companies in India which is open to both Indian and foreign nationals. Likewise, it has major advantages like limited liabilities to shareholders, easy transfer of shares, perpetual continuation, and tax benefits. This guide will tell you how to get PVT LTD company registered in India.
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Registration Process Of A Pvt Ltd Company In India
Obtain The Digital Signature Certificate (Dsc)
A Digital Signature Certificate is mandatory for company incorporation. A government recognized certificate authority issues the DSC. All the directors of the company must obtain the DSC as it is mandatory while applying for the Director’s Identification Number (DIN). Furthermore, all the subscribers of the company who hold shares of the company must possess DSC to draft the Memorandum of Association (MOA) and Articles of Association(AOA). The digital signature verifies the legitimacy and authenticity of all the documents that are transferred to and from the company in the online space.
Obtain The Directors Identification Number (Din)
The Directors Identification Number (DIN) is a unique identification code issued by the Ministry of Corporate Affairs. If you want to become a director of any company, you must possess a DIN. The DIN is valid for a lifetime until it is legally dissolved.
Apply For Name Approval
You must reserve a unique name for your private limited company. The name must cover the main name, the activity of the company, and it must be followed by ‘Private Limited’ at the end. Before you send your names to the registrar, you must be aware of conflicts with existing company names. The name must be recognized by the Central Government as non-offensive.
There are two ways to get the name approval. You can either use the INC-1 form or the INC-32 form. You can use the INC-1 form and can send up to six names and use the approved name among them. Otherwise, if you are sure of your proposed name and have already verified trademark conflicts, you can use the INC-32 form.
The registrar of the company will reserve your name for 60 days allowing you to incorporate your company in that period. However, if you fail to do so, you must repeat the entire naming process again.
Obtain The Certificate Of Incorporation
You must now apply for the Certificate of Incorporation. For this purpose, you must draft the Memorandum of Association (MoA) and Articles of Association (AoA). You must then apply for the certificate through the SPICE-E form on the MCA’s website. MCA will then approve the registration and issue a Certificate of Incorporation (CoI). The CoI will contain the PAN of your company.
After obtaining the Certificate of Incorporation, the company becomes legally registered and hence can start its operations.
How We Can Help?
In this article, we have learned how to get your PVT LTD company registered in India.
3E Accounting India can help with your company registration process and make your job convenient and hassle-free. Our financial advisory, audit and assurance, corporate law, domestic tax, and business process outsourcing services are top-notch and guarantees satisfaction. Furthermore, we can promise you the best financial services in the most cost-effective manner. Moreover, thousands of satisfied customers worldwide are proof of our incredible professionalism.
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