A Private Limited Company is India’s favored type of business structure. It is licensed in alignment with the Ministry of Corporate Affairs’ legal guidelines. So, when you’re into setting up your business, read on the step-by-step guide below on how to register a limited company in India.
Table of Contents
Obtain A Unique Digital Signature Certificate
Start your company registration process by securing a unique Digital Signature Certificate (DSC). A DSC is required with tax returns and e-forms submissions. Also, a DSC serves as identification marks used to verify and authenticate documents sent by applicants to the government.
Pertinent documents needed to obtain your DSC includes your passport-sized photos, proof of address, and a self-attested PAN (permanent account number) card.
Acquire A Director Identification Number (Din)
After obtaining your DSC, work on acquiring your Director Identification Number. The DIN is a unique key provided by the Ministry of Corporate Affairs to company directors. Note that a DIN is mandatory and has a lifetime validity unless you surrender it or the MCA has revoked, or disabled it.
Reserve A Company Name
Necessarily, your company must have a unique name before registering for incorporation. This can be done by applying to reserve a specific name for your Private Limited Company using the e-Form INC-1.
Directors should ensure that the necessary paperwork is filled, and payment of the processing fees are settled.
A single name reservation application includes a maximum of six different names. The names should be listed according to the applicant’s choice and explanations of why it’s the perfect name for the company.
The following are the general guidelines in choosing a company name :
- The company name should be easy to spell and remember.
- The name should provide the corporation with a unique identity
- Your name shouldn’t override any brand name or be confusingly identical to any registered company
- The name should not include any terms contrary to public policy
Approving authorities will then verify each name’s availability, and decide on the name request accordingly.
Obtain The Certificate Of Incorporation
When the first three steps are accomplished, the company then must apply for incorporation. The submission for registration must be sent electronically using the SPICE (Simplified Proforma for Incorporating Company Electronically) forms.
Documents supporting the application includes;
- Utility Bills and NOC (no objection certificate) from the owner of the company’s registered office address;
- If the company is renting an office space, a lease contract with the registered office owner & rental records should be attached.
- DIR –2 – The consent to serve as the company’s director
- Form INC –9 The declaration and affidavit by the first subscriber and the manager duly signed and notarized.
The application shall be forwarded, and government fees and stamp duties should be paid on the website.
Approval Of Your Registration
Upon approval of your application, the Registrar will issue a Certificate of Incorporation (CoI) in digital form under its signature and seal. The Certificate of Incorporation will include the company’s date of incorporation and the Permanent Account Number (PAN).
Once a company receives the Certificate of Incorporation, it becomes a legal entity and can start operating within India as a private limited company.
In Summation
Registering as a Private Limited Company can become a challenge if you aren’t knowledgeable about the company registration process.
3E Accounting India, the leading provider of India Company Incorporation services, can help. They’ve succeeded in helping companies in their incorporation needs, thereby earning an exceptional reputation.
Thus, take the guide listed above and partner with 3E Accounting India for your business registration processes.