Incorporation of Private Limited Company in India:
The Incorporation of Private Limited Company is the most prevalent and popular type of corporate legal entity in India. The MCA governs private limited company registrations in India.
Companies are registered and regulated under the Companies Act, 2013 and the Companies Incorporation Rules, 2014.
Private Limited Company is a registered corporate structure. It provides business a separate legal identity from its owners. The liability of the members of a Private Limited Company is restrict to the number of shares held by them.
While, minimum 2 shareholders are require to start a private company. while the higher limit of members are 200 as per the Companies Act, 2013.
If a private limited company faces financial risk, its shareholders are not subject to sell their personal assets, i.e. they ought to have limited liability.
For online company registration, there must be at least of 2 directors. While maximum 15 directors can be appointed in a private limited company.
Proposed director must have attained the age of 18 years. A foreign national can also become a director of private limited company in India.
How to form / register / start / make a Private Limited Company with mydigitalfiling?
The process of company incorporation in India is revamp by MCA, effective from 15th February 2020. Now, form of the company can be complete within 5 to 7 working days.
mydigitalfiling.in employs qualified experts, who ensure highest customer satisfaction and timely delivery of service. Entire process is manage online.
What are the steps for Incorporation of private limited company:
The Steps to be taken to get a new company incorporated:
- Selection of a suitable name
- Application to concerned ROC
- MOA & AOA
- Filing of the Forms & Documents
Incorporation of Private limited company in India is complete through online process. Recently the MCA has replaced the earlier SPICe form. The new web form called SPICe Plus. Hence, formation a Private Limited Company is much easier now.
Do not miss about filing Form INC 20A once you start your company.
Form 20A – Declaration for the Commencement of Business:
Form 20A is a declaration that needs to be filed by the directors of the company at the time of the commencement of the business.
It should be verified by a CA or a CS or a Cost Accountant in practice.
The following companies are not required to file the form INC-20A:
- Companies incorporated before 2 November 2018.
- Companies incorporated after 2nd November 2018 without share capital.
Every company required to file form INC-20A shall file the same within 180 days of its incorporation.
Documents Required for registration:
The following documents is require for incorporation of Private Limited company:
- Photograph of all the Directors
- PAN card of all the Directors
- ID Proof of all the Directors
- Electricity Bill / other utility bill for the address proof of the Registered office.
For Incorporation of Private Limited, One of the specific requirement is that, the Private Limited Company must have a registered office in India. Documents like bank statement / electricity bill should not be older than 3 months.
A utility bill / rent agreement / sale deed / NOC from the landlord with consent to use the office as a registered office of a company must be submitted as well.
What you get in this Basic Package:
In this package, you will get the following:
- Class-3 DSC of two directors
- Two DIN
- One Name Approval
- PAN of the Company
- TAN of the Company
Please note that the package is not include the fees charge by ROC.
Please Click Here to view the fees charged by the ROC for submission of SPICe Form.